In this video I am with our coaching student Davidson in Lehigh Acres, Florida at his first fix and flip. This house was a short sale that was listed on the MLS for $155,000. People always ask “how did you find that deal”? In this case it was sitting right on the MLS!
Davidson purchased this house for $145,000 and I loaned him $130,000 (he is a coaching student of mine).
The ARV on this house is $269,000. Repairs will be around $35,000. There should be a nice spread for a fix and flip to make a good profit of around $45,000. Davidson might decide to turn this into an Airbnb since he can get around $300 a night for it with that model.
If you want to learn how to fix and flip houses then make sure you check out our Fixing and Flipping Houses Boot Camp
If you would like to apply for our coaching program click here