Completed my first Flip in Canton ga.

160 Replies

I just finished my first flip. The house was purchased off the MLS as a banked owned. Asking price was 119k and I offered 125k cash two weeks closing. They accepted the offer.

Repairs. I am purchased a house flipping spreadsheet to estimate my repair cost, holding expenses and selling fees.  I also used this spreadsheet to track my expenses.

I estimated around 24k in repairs plus 20k in real estate selling cost. I replaced all the floors, new kitchen, baths, paint interior and exterior, new doors and trim.  I had a contractor paint the exterior. 125k + 24k + 20K = 169k invested. 

I am finished with the house and spent 26k in repair cost so I went 2k over budget.  The house is listed at 225k with multiply showing every day. 

I would like to here your feedback and let me know if you have any questions.

Thanks Brian. Hoping to make around 50k on it! And yes ready to repeat the process but thinking about 2-3 months next time.  This one took around 5 months. 

Wow, congrats Daniel!  The rehab looks great and the numbers look even better!  $50k+ profit on $225k resale is a home run by anyone's standards!  I hope you get it sold soon!

@Daniel Andrews

Looks great man! Very nicely done. In regards to your next flip, I bet you will have no issues cutting the flip time in half now that you've worked out the kinks in your planning, timing, budgeting, etc. Fine tuning your processes will certainly save you time and therefore, money. Can't wait to hear how quickly this sells! 


Hi Daniel, your flip looks great! I'm looking to do a flip in Atlanta and my issue with my first house that I purchased was dealing with bad contractors. I never completed that flip because a huge tree fell on the house and I sold it as is… my question is did you do the work on your house yourself and do you know of any reliable contractors you can refer me to?

Nice find on the MLS. Looks like you did you a great job! Now only if you had your real estate license or a investor friendly broker who didn't want to take all your hard earned profit! Good luck!

This looks really great!  I am closing on one now, June 29th to be exact.  This is will be my first one as well, so I will be watching with eager anticipation.  Keep me informed!

@Daniel Andrews hey! Congrats!

I am doing my first flip in Decatur. How do you feel about staging your property? At SF, we stage but homes are in Millions. I don’t necessary see a lot of that in Georgia. My agent believes in Virtual staging with no open house and allow serious buyers to visit as they please. I see you are doing lots of open house. Let me know what you think and can’t wait to hear about your offer and thanks for sharing. 🤗

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

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.

We hate spam just as much as you