Skip to content
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

437
Posts
187
Votes
Cornelius Charles
Pro Member
  • Investor
  • Oxnard, CA
187
Votes |
437
Posts

$140,805.92 profit on our first flip...Thank you Bigger Pockets!

Cornelius Charles
Pro Member
  • Investor
  • Oxnard, CA
Posted Jan 18 2016, 16:28

Before I begin and receive any responses that my title is not accurate, I just want to state upfront that only 60% of that profit goes to us and the other 40% goes to our private money lender.

Now that I got that out of the way, I just wanted to take some time to thank BP and the people on this site for helping my wife and I successfully complete our first ever flip. I am sure that a lot of the successful investors on here are super busy, and I’m not sure what your reasons are for contributing to this site, but I just wanted you guys to know that your efforts are definitely not wasted. I will not speak for any other newbies, but the knowledge and insight that I have gained from many of you has been invaluable. My wife and I would have been happy if we would have just broken even on our first flip, but thanks to everyone here, we more than met our expectations.  The victory is a little bitter sweet though, as our lead funnel has been dry for quite some time now.  We plan on reinvesting a portion of the profit into marketing to hopefully reach our goal of 4 flips in 2016.

Please pardon me for name dropping, but I also want to take a second and thank some of the people whose comments and/or posts I have been following over the last year and a half or so.  I really appreciate the time you take to help others who are just starting out.  Although some of you write about different niches than I am interested in, I have learned something from each of you.  I am sure that I'm missing a few others, but here goes:

@Antonio Coleman@Chad Carson@Ali Boone@Danny Johnson@Jeff Greenberg@Mindy Jensen@Scott Trench@Rick H..  ;)  Thank you for everything that you guys do and please keep up the great work!

Loading replies...