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Real Estate Deal Analysis & Advice

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Steven Rubino
  • Stoneham, MA
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Flipping during COVID (w/ Before & After pics)

Steven Rubino
  • Stoneham, MA
Posted Aug 14 2020, 05:03

Hey everyone

So I just completed my 3rd flip, and this one was a challenge for sure. On top of all the typical setbacks we of course had to deal with COVID-19. Our reno was shut down for a few weeks, all open houses & showings were required to be socially distant, and with all the unemployment the buyer pool was (in my opinion) a little reduced.

Nevertheless we got it done! Here are some of the details along with some Before & After pics. Let me know what you guys think!

And anyone who is in MA or NH - let's connect! I would love love love to meet up with other RE professionals and continue building my network. If you're a wholesaler with properties - message me! I need another project!!!

Single Family Home - 3 beds / 2 baths / 1,600 sq ft located in Ayer, MA

Purchase Price: $138,000

Reno Cost: $113,000

Sale Price: $320,000

Commission: $16,000

Net Profit: $53,000

Net ROI: 21.12%

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