Our gut rehab project ~ pics and numbers

Our gut rehab project ~ pics and numbers

Jessica H.Pro Member
Flipper/Rehabber · Easton, PA · Member since 2013 · 224 posts · 36 votes

This was our first fix and flip gut rehab- were we nuts?- YES! It was our " education project" and boy did we learn a lot! Would we do it again? Perhaps.... since we are developing better systems and know how the numbers should look. Would we recommend it to someone just starting out? Probably not.....it was an immense project for us newbies! We had a contract on it a month before completion and sold in September. In the end it worked out ok:

189k- sold price

 98k- rehab

 18k- fixed, closing, commissions

 43- purchase

 30K - profit

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  • Developer · Philadelphia, PA · Member since 2013 · 1k+ posts · 902 votes
    11y

    Beautiful rehab, really well done. Couldn't agree more about extracting yourself from the rehab as much as possible, especially the physical labor part. Your time is much more valuable if it's spent networking and finding deals. 

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