Can hardly contain myself, I have not closed the deal yet but I can already visualize the check.
I was baking cookies during the open house when I received the call from the broker to inform me that we had received an offer for the home after being listed on the MLS for only ONE day. I was like, Whaaaat???? then I was almost 100% sure it was going to be a low ball offer (like the ones I tend to do) and behold... it was for $7,000 more than the listed price....
I considered myself a pure "Buy and Hold" investor... but flips are so much fun, Now all I can think of is the next 5 that I want to do this year...
Below the numbers and some before and after pics.
|PURCHASE COSTS:||Closed on November 21, 2014|
| Closing Costs||($1,457.04)|
|Commission To Agents||($4,512.50)|
|Seller's Closing Costs||($3,210.00)|
|Anticipated Flip PROFIT:||$27,497.48 |
Great Job @Luis Montanez this got me motivated!
Make sure to do a follow up, i would really like to see how it went.
Luis Congrats and Impressive... I am hoping to find a home to do the same here in FL.
@Luis Cardona great job now go find the next one
great job @Luis Montanez
Congrats! Things like this are always awesome to see.
Great Job @Luis Montanez !
The deal fell through :-( .
We found that the house haves a septic tank and the prospect buyers did not want that :(
Well, guess I will be conducting an open house this weekend.
Sell it fast or seek long term financing to add to my rental portfolio...
Bummer, moral of this story, don't celebrate until you have cashed the check..
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Join the Largest Real Estate Investing Community
Basic membership is free, forever.