Biggest Project I have Invested in so far. Hard work pays off! Hope anyone here that might be around the area can make it to the open house.
Looks great! Congratulations
Congratulations! Great Achievement!
Fantastic job! Would love to know what your rehab budget was for this one. Did you have to replace all electrical/plumbing? The redfin listing and staging look great. Love the old school black and white octagonal tile.
Looks great awesome job!
Thank you everyone for your comments and inputs.
@Bill Hinshaw I had the plumbing replaced all through out, updated the electrical Panel and also had it rewired through out as well. Rehab cost was $87k.
@Junior Pando Amazing job, both inside and out, looks awesome, congrats! Would be interested to see the breakdown of the #'s, purchase price, time it took to rehab, financing, etc., if you wouldn't mind sharing.
Thank you @Glenn Tracy your comment.
Purchase price: $620,000
Outside Commission: 3.5%- $31,010
Net Resale: $852,490
Less total Costs: $713,500
Gross Profit: $ 138,990
It took a couple more weeks to finish the project than expected due to Contractor issues.
Financing is not a problem because I have 2 investors that fund the Purchase Price while I fund the rehab cost plus I manage the projects and we split the profits.
@Junior Pando Outstanding! Thank you for sharing the breakdown, it's always nice to see the numbers. I'm going to try and make it out to the open house tomorrow, so maybe we can talk more then. But if I don't make it, I wish you all the best on the sale, great job!
Thank you Glenn it would be great if you can make it and we can talk more in person. If not; I really appreciate your comments and hope you can at least make it sometime and see it in person. @Glenn Tracy
@Junior Pando great job. I'm local too. I'll try and make it. Have a funeral to attend but we'll see.
I'm sorry to hear that Jorge. Thank you for your input, if you can't make it, there will be another open house Sunday. @Jorge Ruiz
great job.thanks for sharing
looks super cute. keep it up!
@Junior Pando I went by on Sunday. Great job! I'm pretty sure you'll get a full price offer and quick!
This is great, very inspiring!