Just Closed my First Deal

[Jason DeMauro]

I just closed my first deal today.  It is a flip in Syracuse NY. The property was listed for $9900, I submitted my offer with an escalator clause. 

Here's the numbers:
4 Bedrooms, 1.5 bath, 1344 sqft.

Purchase Price - $13000

Closing Costs - $3749

Estimated Rehab - $25,000 - 6 week timeline

Holding Costs - $500 month

Taxes - $1744 annually

ARV - $95000