2nd Flip: Feedback Requested on Design and Numbers
10 Replies
Matt Ten
from Tarrytown, NY
posted about 2 months ago
Just finished my second flip house and am seeking candid feedback from other house flippers on Design and Deal Profit.
Renovation Pictures: Before (top half of picture) and After (bottom half of picture):








Deal Details:
Revenue (Sold House for): $410,000
Expenses (Total $325,000):
- Purchase Price: $250,000 (cash)
- All Renovations: $35,000
- Closing Costs on both ends: $9,500
- Holding Costs for two months including Insurance: $1,500
- Broker Fee: $25,000
Duane Alexander
Investor from Atlanta, GA
replied about 2 months ago
@Matt Ten sounds like a great deal! How’d you find it?
David Robertson
Flipper/Rehabber from Kansas City, MO
replied about 2 months ago
I think the numbers speak for themselves! An 85k profit (20% of ARV) is a great profit, especially for a 2 month cosmetic rehab!
Your finishes look stylish and modern. Did you virtually stage the property photos?
Alex Alleva
Rental Property Investor from Mamaroneck, New York
replied about 1 month ago
Looks great Matt! How did you find and finance it?
Tommy Adeoye
Investor from St Louis MO
replied about 1 month ago
The Rehab is beautifully put together. Did you come up with the design or a member of your team put that together ?
Matt Ten
from Tarrytown, NY
replied about 1 month ago
@Duane Alexander Actually the MLS and some heavy negotiation :)
@David Robertson Thanks!Yes only virtual staging.
Matt Ten
from Tarrytown, NY
replied about 1 month ago
@Tommy Adeoye Thanks! I did the design myself. Tried to keep it as simple and clean as possible. I know my limitations. :)
Matt Ten
from Tarrytown, NY
replied about 1 month ago
@Alex Alleva found it on MLS and did a lot of negotiating. I see you're in the area too. I'm having a hard time finding anything worthwhile these days...trying to learn more about foreclosure process in anticipation of the next few months. How are you finding good deals these days in Westchester area?
Alex Alleva
Rental Property Investor from Mamaroneck, New York
replied about 1 month ago
To be honest I haven't really been looking to hard recently. I changed jobs and with covid I am alittle bit nervous myself. I am more focused on buying multi families right now. However looking at you numbers in this area has me thinking I should change direction lol.
Joseph Matta
Real Estate Agent from Westchester County, NY
replied about 1 month ago
Looks great! What town was the property in?
Kerry Noble Jr
Investor from Indianapolis, IN
replied about 1 month ago
nice work!