Single-family residence fix & flip investment.
Purchase price: $192,000
Cash invested: $2,500
Sale price: $228,000
Live in flip.
My wife and I did all the work for a cosmetic flip. We were able to add a third bedroom, update the cabinets, paint all walls in the house, and replace light fixtures. Not only was it fun to work on these projects as a couple, but we made a $20,000 profit after all expenses.
@Riley Billings - great job! My wife and I have enjoyed working on properties together too. A couple that paints together, stays together - ha.
@Brady Beshear I like the way you said that!
It definitely have us the opportunity to grow closer together.
Can I ask how you added a bedroom and the updating for 2500? That is awesome.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you