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How I made $800,000 on one flip
So I just posted my first article for the BiggerPockets blog. After hitting what I'd call a Grand Slam flip that produced a net profit of over $800,000, and at the risk of sounding boastful or as a braggart, I was conflicted whether or not to tell this story.
At the end of the day, I decided to write it because I read a lot of questions from people curious about how deals are found and financed, and what the numbers look like. I also read a lot of comments on this website from people who struggle to build their real estate businesses. In times of doubt, an occasional reminder of why the struggle is worth it can be enormously helpful, or so I'm told. :)
If you haven't seen it already, check it out here: http://www.biggerpockets.com/renewsblog/2013/01/29/anatomy-grand-slam-flip/
I hope you enjoy it! If you like it, let me know what you think. If you don't like it, my name is Joshua Dorkin.