Single-family residence fix & flip investment in Powder Springs.
Purchase price: $93,000
Cash invested: $75,000
Sale price: $189,000
This was our first flip, a 3/1.5 brick ranch purchased from wholesaler in rough shape. Pros: layout, lot size, location, structural integrity. Cons: overall state of interior.
After installing new electrical (full re-wire), new HVAC, new roof, completely gutted interior. Installed new hardwoods in kitchen/dining to match rest. Brand new kitchen and baths, new paint throughout. I did most of the work myself and ended up making about $10k profit, but learned a lot that I'll use going forward.
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