Well, we finally closed on Friday and now I can do the big reveal on our financial specifics. In case you missed the big reveal on the way everything looked, check it out. I’m super proud of our work.
We were WAY OFF on our original projections (in a good way). Our projected profit was $13,099. That was a purposely conservative projection, which made us feel good about this investment. We figured that we would probably make more. We didn’t anticipate how much more our profit would be! Here are the details:
Purchase price: $155,000
Rehab costs: $38,732
Holding costs: $5,017
Closing costs: $7,923
Realtor fees: $13,750
Sale price: $275,000
So, that’s the story of my first flip. We have two more deals in the works, so will have a busy summer ahead of us. Thanks for reading and please let me know what you think!
That's like 3x more than the project profit! Congrats @Adela Mizrachi !
Wow great numbers on your first flip @Adela Mizrachi
Exciting. Big congrats. Pls continue to keep us motivated with your flips.
Omg, Adela Mizrachi what an amazing job on your first flip!
Keep up the great work.
I Wish you many blessings! :)
This is just astounding..
Nice when the numbers work in your favor. Congratulations.
Nice job! Keep it up on the next 2
Nice job! Keep going !
Very nice, congrats
congratulations on the flip @Adela Mizrachi . keep it up
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