I made $187,861 NET profit on this flip!

[Andy M.]

I've been a real estate investor for about 12 years now and I've been involved in a lot of flips. I don't do upper end houses, mostly just starter home stuff. I know that there are people who frequently make 100k + on flip projects, but those are generally deals that sell for 1 Million plus.

I sent a direct mail piece to one of the owners of this house (absentee owner) and after months of her "vetting" me (see called all of my references, including my attorney!) I bought the house for $113,000. I spent $150,000 on the remodel and sold it for $482,000! After all commissions, closing costs, etc. I had a NET profit of $187,861. This is my highest net profit on a single flip ever.

I made a really cool 5 minute video of the project for my blog. You can check out the video here: http://youtu.be/XoIEY0IrOuQ

Hopefully you find the story more interesting than my kids did! :)

[Curt Davis]

Nice short video, very cool.  Only thing that would have made the story better would be if you would have presented the old owner with her old tin toy when she came back to see how you transformed the home.   I like what you did to the home.  Crazy it took 1yr to renovate.