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Updated over 10 years ago on . Most recent reply

Tom Lane's profile image
Tom Lane's profile image
Tom Lane
  • Real Estate Investor
  • from Milledgeville, Illinois
  • Member since Nov 11, 2014
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User Stats

46
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24
Votes
Tom Lane's profile image
Tom Lane's profile image
Tom Lane
  • Real Estate Investor
  • from Milledgeville, Illinois
  • Member since Nov 11, 2014
Connect
Tom Lane
  • Real Estate Investor
  • Milledgeville, IL
24
Votes |
46
Posts
Real Estate Deal Analysis & Advice

Closed today on our latest flip!

Tom Lane
  • Real Estate Investor
  • Milledgeville, IL
Posted

The closing was this morning and we walked away with 32% ROI. My investor was happy, the buyers were happy, the realtors were happy...

We took a bank reo at 18k, spent another 38 Total (materials,labor, utilities, fuel, insurance, windex, etc). EVERYTHING you can touch in the house is BRAND NEW sold it at our ask of 84900. We agreed to throw the buyer a bone towards closing costs and still came out "looking good"...next up, a farmette!

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