BiggerPockets

More details?
SFR?
Commercial?
FInancial details Please!!!

What a tease Timothy! Share some details of your flip success at your young age to inspire members.

Show that it can be done if you set your mind to it and just NIKE it (Just Do It!)

218,000 Sell Price
148,355 buy price
15,300 Rehab Cost (includes Holding costs)
5,800 Buyers closing costs
11,073 Commission
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About 36K profit :)
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I pay my realtor well, due to the fact she chooses colors of walls, materials, stagging and other things that come along the way. Thats why my commission is high, but there is nothing like a girls touch.... HA HA ....

Yes my buy price does include buying closing costs, I finance through TD Banknorth.

Thanks... Might just be luck on my first deal ha ha

I used TD Bank, They're not a hard money lender... I had to put 30% of the purchase price down. I have a very STRONG relationship with the bank, the amount on deposit is so large they bend over backwards, I get rate exceptions and I get penalties waived. I would highly recommend them, they're moving through out the East Coast. Once you get in good with a Commercial Loan Officer you're golden. Just goes back to the parts of building a good team ... Relationship with the banker is better than my love life relationship HA HA

When you say commission is that the buyers and your realtors commission? I thought this was usually around 6%?

Also, if you do just a flat fee listing do you still have to pay 3% to the buyers realtor?