First Flip Done
OK, our first flip closed on Friday. This has been a great experience and I can't wait for the next one. Thank you Biggerpockets for all of the information freely shared.
Here's the deal:
Purchased for $32000.00
Rehab Cost $62500.00
Closing Cost $6500.00
Sold $152,000
It did take longer to sell then we anticipated but overall I feel this was a good deal.
We analyzed about 70 properties before we purchased this property. We also did a a lot of research on this neighborhood to find out everything we could before this we new knew about this property. I feel that preparation was key to this deal.
A few pictures of before and after