What's up everyone!

My goal by the end of the year was to flip a house and I am closing tomorrow!!! (5/31)

This will be my first true flip and it will be funded entirely on private money. I was able to raise over $35,000 in less than 7 days from when I got the house under contract. It is a small 930sq. ft. 2 bed 1 bath property and will be a nice first step into flipping where I can learn the process as well as working with different contractors.

Running the numbers in a worst case scenario helped remove all doubt from the project, and I was able to give the investor a 20% return on his money to feel comfortable investing. We are currently getting quotes from contractors and should get started next week on the project and be done before the 4th of July.

I'll be documenting the entire process through here, on my podcast The Figuring It Out Finance Podcast, and on figuringitoutfinance.com.

From,

Chris Reichenbach

(If you have any book recommendations I would love to hear them!)