Completed my first Flip in Canton ga.

160 Replies

Daniel, nice job! It looks fabulous! Thanks for sharing the numbers and all the great pictures.  What was the most important thing you learned during the process? Anything you will do differently on your next one?

We are hoping to get our LLC this week and find a property to flip in the next month Daniel in Gwinnett County. Very excited and hope to have a hard money investor figured out this week on who has the best offer.

Thanks,

Duke

Congrats! Looks great.

What type of floors are those? I see you have them throughout the whole property. Is that typical in your area? I'm in the Detroit area and that might not work here. Also, great numbers. Area those numbers typical on a flip there? 

All the best!

5 month rehab for cosmetic? seems a bit long. but the real shocker is 26k to do all of that. again, cosmetic but still. must have not pulled permits. as you know, it's not a completed flip til it closes and you get the check. :)  $50k sounds awfully high of a profit. you'd think there would be more higher offers when you bought with that much spread.  keep us updated or share the link to the listing. looks nice! remember, showings are just the start. you need offers then hope they don't back out (most don't but some do) then pass home inspection then appraise then close. lot of hoops to jump thru still.

Wonderful job!  Really, I should know, as I've seen some rehabs that were so cheaply and unattractively done that I didn't pursue in purchasing when I was searching in Orlando to buy and rent. 

Very proud of you and continued success!

Looks great! Congrats on your first flip. I live over in Woodstock and do a lot of deals around Cobb and Cherokee county. Would be open to talking to you sometime about some deals. Keep up the great work! 

The only extra thing I would do is stage the home. Probably different in GA but here in CA, money invested in staging is always worth it and helps sell homes faster and for more. 

Everything else is perfect and your remodeling looks great. Did you change the floorplan (add an extra bedroom for instance)? Because going from $125k to $225k (+80%) in house value is a tremendous forced appreciation (unless you bought it way underpriced). Does the recent sales in the area support your selling price? 

Hi Justin , the house is awesome and well done.  My husband andI  have 2 rental properties in Georgia, we are living  in California.  We would love to do a flip one day but I feel it is an additional risk if you aren't living close by the house  that you are flipping.   Right now we have a good contractor that is pretty reliable out in the  Woodstock area.  Would you recommend getting involved in doing a flip if we do not live in the state?  I would love to hear your feedback.

Thanks,

Charisse

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