1st Flip Almost Market Ready!

8 Replies

I am so excited to share with everyone that my first flip is almost Complete and ready to list!!

It has been a true learning experience that I have truly enjoyed.

even with all the ups and downs,issues and delays! we are going to complete our project

on time but slightly over budget. none the less its an awesome fully redone Eickler Home in an awesome area..Hopeing to make around 100k profit upon closing.;)

I will keep everybody posted as we get further in the sale process,then upon closing.

Congrats @David Mora  - when I estimate costs i always add 10% for miscellaneous expenses on the contractors side.  Hope that tidbit helps!

Gabe

Congrats any Details YouCan Share OnTheDeal? ( Typed FromMy Mobile)

100k profit on your first flip should be the success story of the century.

@Timothy Cervantes  

 So the PP on this one was 650k

                                            150k Rehab Cost 

                                            $75k Finance Chrg.

                                            $50k Agent and closing costs.

           Projected Resale    $1,050,000 

  Projected Pre tax Profit   $ 125,000

Excellent job !

Wow!  That is absolutely fantastic.  Would you mind sharing how you found this property?  Congrats AGAIN!!

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