From the BiggerPockets Blog

 BiggerPockets Blog »

Jump to Forum View All

Click a category below to view different forum categories.


General Info

BiggerPockets Q&A, Site Questions, & Announcements

1523 topics, 14441 posts — Last Post 04/24/14, 11:47AM

BiggerPockets Exclusive PRO Area

117 topics, 841 posts — Last Post 04/23/14, 08:28AM

New Member Introductions

10991 topics, 86627 posts — Last Post 04/24/14, 11:54AM

Real Estate Success Stories

399 topics, 6215 posts — Last Post 04/24/14, 08:56AM

General Real Estate

General Real Estate

Buying & Selling Real Estate

5997 topics, 47261 posts — Last Post 04/24/14, 11:57AM


651 topics, 5869 posts — Last Post 04/24/14, 11:50AM

Get Foreclosure Help - Help Stop Foreclosure Forum

317 topics, 2561 posts — Last Post 04/23/14, 08:28PM

Home Owner Association (HOA) Issues & Problems Forum

238 topics, 1611 posts — Last Post 04/23/14, 04:02AM

Do it Yourself

659 topics, 6323 posts — Last Post 04/24/14, 09:58AM

Reviews & Feedback

Real Estate Deal Analysis and Advice

3714 topics, 29782 posts — Last Post 04/24/14, 11:24AM

Real Estate Guru, Book & Course Reviews and Discussions

1139 topics, 11609 posts — Last Post 04/24/14, 10:32AM

Ask About A Real Estate Company

743 topics, 7344 posts — Last Post 04/22/14, 11:25PM

Real Estate Investing

Real Estate Strategies


5640 topics, 43978 posts — Last Post 04/24/14, 11:25AM

Rehabbing and House Flipping

3354 topics, 31109 posts — Last Post 04/24/14, 07:10AM

Real Estate Development & New Home Construction

554 topics, 4695 posts — Last Post 04/24/14, 06:22AM

Innovative Strategies

705 topics, 6044 posts — Last Post 04/22/14, 04:06PM

Tax Liens, Notes, Paper, & Cash Flows Discussion

868 topics, 6696 posts — Last Post 04/24/14, 11:40AM

Rent to Own a.k.a. Lease Purchase, Lease Options

700 topics, 4961 posts — Last Post 04/24/14, 11:26AM

1031 Exchanges

143 topics, 1063 posts — Last Post 04/24/14, 11:10AM

Foreclosure Investing

General Foreclosure & Pre-Foreclosure Forums

1692 topics, 11317 posts — Last Post 04/22/14, 09:26PM

HUD, VA, and Tax Sales

416 topics, 3103 posts — Last Post 04/23/14, 02:29PM


1217 topics, 10604 posts — Last Post 04/24/14, 07:13AM

Short Sales

1539 topics, 13154 posts — Last Post 04/23/14, 08:25PM

Landlord & Tenant Forums

Landlord & Rental Property Questions

7254 topics, 71226 posts — Last Post 04/24/14, 10:51AM

Mobile Homes & Mobile Home Park Investing

639 topics, 5146 posts — Last Post 04/24/14, 05:13AM

Investor Basics

Starting Out

7735 topics, 60700 posts — Last Post 04/24/14, 11:31AM

Investor Psychology

432 topics, 6111 posts — Last Post 04/24/14, 08:55AM

General Real Estate Investing

4730 topics, 37330 posts — Last Post 04/24/14, 10:47AM

Real Estate Investor Marketing

1740 topics, 14163 posts — Last Post 04/24/14, 08:42AM

Commercial Real Estate

Commercial Real Estate Investing Forum

1413 topics, 9015 posts — Last Post 04/24/14, 10:58AM

Multi-Family and Apartment Investing

1123 topics, 9399 posts — Last Post 04/24/14, 10:57AM

The Business of Real Estate

Real Estate Technology and the Internet

Real Estate Technology, Social Media & Blogging

645 topics, 4913 posts — Last Post 04/24/14, 05:42AM

Business Basics

Goals, Business Plans & Entities

835 topics, 7593 posts — Last Post 04/24/14, 10:32AM

Real Estate Finance & Legal

Financial, Tax, and Legal

Tax, Legal Issues, Contracts, Self-Directed IRA

2803 topics, 20138 posts — Last Post 04/24/14, 08:22AM

Property Insurance

312 topics, 2059 posts — Last Post 04/24/14, 10:22AM

Personal Finance Discussion

330 topics, 2754 posts — Last Post 04/22/14, 12:06PM

Loans, Mortgages, Credit Lines

Private & Conventional Lending Discussion

2853 topics, 19853 posts — Last Post 04/24/14, 11:40AM

Creative Real Estate Financing

1221 topics, 8863 posts — Last Post 04/24/14, 11:42AM

Crowdfunding Real Estate

35 topics, 463 posts — Last Post 04/19/14, 06:24PM

Real Estate Professionals

Real Estate Professionals

Real Estate Agents

1218 topics, 8043 posts — Last Post 04/24/14, 11:46AM

Bankers, Lenders, and Mortgage Brokers

442 topics, 1931 posts — Last Post 04/23/14, 09:04PM


269 topics, 1690 posts — Last Post 04/22/14, 07:33AM

Local Real Estate

Local Real Estate

Local Real Estate Networking & Recommendations

2018 topics, 11761 posts — Last Post 04/24/14, 10:05AM

Americans & International Real Estate

162 topics, 572 posts — Last Post 04/24/14, 03:31AM

Foreigners Buying in the USA

62 topics, 409 posts — Last Post 04/10/14, 06:27AM

Canadian Real Estate

66 topics, 440 posts — Last Post 04/24/14, 05:54AM


Real Estate Marketplace

Real Estate Marketplace

15090 topics, 54147 posts — Last Post 04/24/14, 11:08AM

Real Estate Events and Happenings

168 topics, 2609 posts — Last Post 04/24/14, 11:03AM


Off Topic


2907 topics, 32447 posts — Last Post 04/24/14, 07:23AM

Housing News & Real Estate Market

921 topics, 8393 posts — Last Post 04/24/14, 11:45AM

BiggerPockets Real Estate Investing Summit

97 topics, 1752 posts — Last Post 04/23/14, 04:51AM

BiggerPockets Resources

Forums » Starting Out » First Flip Done!

First Flip Done!

34 posts by 27 users


Rehabber · Kansas City, Missouri

First flip done! Thanks everyone for your help throughout the process! It wasn't always easy, and I had to get my hands dirty on a couple things, but all and all, it was a success. We had multiple offers within the first 2 days of listing and had an accepted offer at full list on the 3rd day!

See the listing below for pictures :

Real Estate Investor · memphis, Tennessee

Congratulations @David Robertson. That looks excellent and you obviously did a great job all the way around, including pricing strategy, for it to sell so quickly.

Best of luck with the next one!


Small_new_mi_logoChris Clothier, Memphis Invest, GP
Telephone: 901-212-9647
Website: 1(877)-773-9998 Chris D Clothier

Real Estate Investor · Union City, Georgia

Congratulations!!! your renovation choices were fantantic.

Rehabber · Albuquerque, New Mexico

Nice! Extremely happy for you! How long did it take for you to find this first place? I'm trying to find my first one...

Really nice quality work though! Congrats!


Rehabber · Kansas City, Missouri

Thanks everyone!


This Spring I was looking at houses for 3-4 months with no luck. I finally closed on this house in early July. 1 month later, I got another house which we are currently remodeling. I probably made 20+ offers before I got this house, but I don't think that is A-typical from what I have heard. Hang in there...

Residential Landlord · Chicago, Illinois

Nice work!

How did the numbers turn out?

Real Estate Investor · Milwaukee County, Wisconsin

Nice new garage doors, different color shuttles,
front door entrance definitely makes a difference

Did you find there still a market for stainless steel
versus all black appliances?

Very nice backsplash, kitchen flooring, and basement renovations

Cabinets - new, re-facing, simply painted ?

What was your purchase price and renovation budget ?


Real Estate Investor · Ellicott City, Maryland

Nice work...congrats!

Small_lishproplogoJ Scott, Lish Properties, LLC
E-Mail: [email protected]
Telephone: 770-906-6358

Rehabber · Kansas City, Missouri


The house needed quite a bit of work from top to bottom. Overall we spent $39,000 and had around $38,000 budgeted, so a little overbudget, but not too bad. Here's a list of repairs and approximate costs:

New 100AMP service w/ all new copper wiring throughout: $3,000
New roof $4500
7 new windows: $2500
Drwall patching/texturing $3000
New doors/trim throughout: $1800
Hardwood flooring material (I installed): $600
Carpet: $2800
Tile: $800
Bathrooms: $2500-3,000 a piece
Granite countertops: $1500
Paint Material (I painted): $1000
Garage Doors: $1200
Appliances: $2000
And a whole bunch of miscellaneous stuff (it's on a spreadsheet somewhere)=$39,000

Purchase price was $54,000 and have a pending offer at $120,000 which was our goal from the start. We should make around $17,000 on the project.

I'm glad you like the new shutters, the old shutters that were on the house had BATS living behind them! So that was interesting...

The kitchen cabinets were just painted white.

· Illinois

how long did it take to rehab?

· Delaware

How did you pay for your rehab? Hard money, cash or conventional loan? Ive been having a hard time getting my first rehab because im using a conventional loan, while alot of people are making offers all cash in my area. At least that's all i can come up with..

Real Estate Investor · Glendale, Arizona

Nice looking rehab, congrats!

Real Estate Investor · Michigan

@David Robertson Awesome job! Looks like you did everything right. A lot of guys will throw out perfectly good cabinets. Your coat of paint made them look new. Good luck on flip #2!

Real Estate Investor · Central Valley, California

Congrats on getting it done and getting offers! I think the offers are the best part.

I work with props in same ARV. I'm curious about the kitchen/dining floor. Is it engineered hardwood? Looks great. Is the flooring in the master bath and upstairs hallway ceramic tile? I didn't know that tile flooring outside of kitchens and baths had made their way to the Midwest already. :)

I'm very partial to white kitchens, and they are hot right now. Congrats on getting a very good look using the old cabinets.

That's a lot of house for $120K. Some lucky family will be very happy to live there and call it home. Again, congrats.

Wholesaler · Florida

Might I ask where you got the house? HUD home? MLS?

Real Estate Investor · Audubon, Pennsylvania

Looks like you have a finished basement there - but I did not see any egress windows. Is there a walk-out door? If not, is this acceptable to the local building code?

Steve Babiak, Redeeming Properties, LLC
Telephone: 6109082183

Rehabber · Kansas City, Missouri

Thanks for all the compliments.

To answer a couple of questions:

Scott, The rehab took about 9 weeks start to finish. This being our first remodel, it took us a while to get some contractors on board. I also did some of the work myself...I thought the interior painting and punchlist would never end! All-in-all, I think we could have completed the project a couple of weeks faster if we had our ducks in a row.

K, The flooring in the kitchen was a 3/8" solid bamboo flooring. The tile is all porcelain tile and glass mosaic tile that was bought from the Home Depot.

Scott/Corey, The house was a cash offer for a bank foreclosure that we purchased off the MLS.

Steve, I am not aware of a requirement to have egress windows in a finished basement, unless it is a bedroom in the basement. Also, this basement was originally finished when the house was first built back in 78. I believe this may have been grandfathered-in, but I'm not sure...Nothing was brought up at the inspection.

Real Estate Investor · Keller, Texas

Great job and congrats on your first flip!

· kingman, Arizona

Amazing job David! This is getting me excited to start working on my property. Hopefully it will be a success like yours.

Real Estate Investor · Syracuse, New York

Congrats, the rehab looks great.

Sign up