Successful flip with BP partner
Hello all,
I wanted to share a recent flip that I completed with a BP partner. Summary of the deal is below:
Purchase Outlay $38,000
Repairs and Holding Cost approx. $52,000
Total Cash Investment $90,000
Sales Price $131,000
Net Profit after Closing Cost $28,500
Total time from buy to sell 5.5 months
Below are some before and after pictures also:
Living Room:
Kitchen:
Dining Area:
Bathoom:
Basement Unfinished:
Finished Basement:
Most Popular Reply
Looks great, Sharad! Is the back splash in the kitchen the one they sell at Home Depot that is a single sheet, similar to wallpaper? I saw that on a recent visit there, and I thought that would be good for a rental, but I am not sure what the cost is for the actual individual tiles and then placing them by hand (obviously more time consuming).