Single-family residence fix & flip investment.
Purchase price: $45,000
Cash invested: $37,500
Sale price: $115,000
Outside Work - Remove chimney, repair roof, add roof over entry way, all new siding, new gutters, soffit and fascia painting, porch staining, stucco foundation, sloped the yard for water control, overgrown vegetation removal, and new landscaping.
Inside Work - Completely gut the entire house including the latte and plaster, and remove knob and tube electrical. All new plumbing, electrical, windows, light fixtures, drywall, paint, cabinets, luxury vinyl, carpet, bathroom fixtures, and kitchen. Added a bathroom to the main floor.
Nice job! I would've thought that all those renovations would cost a lot more than that.
Definitely a great Flip&Fix Deal
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