Updated almost 10 years ago on . Most recent reply
MOST RECENT FLIP SOLD IN 10 DAYS!
Most recent deal under contract! Will be listing a Joliet and Wheeling property soon. Rehab them right, price them right, and sell them fast!
On to the next one :)
Streamwood IL Property.
Numbers:
Purchase Price: $88,000
Closing Costs (Purchase): $1,200
Holding: $600 (Bank gave an additional $2,000 tax credit at purchase closing..shhhh).
Rehab: $39,000
Commissions: $4,350
Closing Costs (Sell SIde, EST): $2,500
BREAK EVEN: $135,650
SOLD FOR $174,000 NET ($179k with a 5k credit).
PROFIT: $38,350