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Real Estate Deal Analysis & Advice

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22
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8
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Victor Valle
  • Flipper/Rehabber
  • Portland OR, Charlotte NC
8
Votes |
22
Posts

Fix and Flip for a $100+K profit!

Victor Valle
  • Flipper/Rehabber
  • Portland OR, Charlotte NC
Posted Jul 23 2019, 12:24

I would like to share my story to motivate the Biggerpocket community and show that even in this market you can still make money if you try harder.

I bought this property from the MLS and after evicted the owner (yes, the owner!) rehab it and sell it for a great return in 5 months total, here are the numbers and before and after pics:

Purchase price: $288,000

Repairs, holding costs, downpayment, etc: $90,000

Sold for $502,000

Profit after closing costs, commissions, etc: $104,000

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