My Newly Finished Project in Denver
I bought a condo in a retirement community for a flip, and the purchase closing which I did with my own Real Estate license was closed on December 18th of 2016. After getting all of my plans approved through the HOA I started the demolition on the 27th of December. I used contractors through the whole process and it was the first flip I have done with out doing any of the actual physical labor myself. I did design and buy all of the finishes and delivered most of them to the job site, but for the first time it was a relatively hands off experience. There were a lot of problems, as there always are but I am really excited with the finished product. I finished the rehab on the 19th of February and I just listed the property on the MLS. This is also will be the first project that I have bought with my license, project managed, designed, funded, and sold by my myself from start to finish.
Below are some numbers on the project and photos.
Condo 2 beds, 2 Baths, 1200sqft.
Purchase Price = $153k $158k- $5k (waived commission)= $158k
REHAB = $28K
HOLDING COST = $3K
LISTING PRICE = $232,900
BUYER COMMISSION/CLOSING COST= $10K
AFTER PICS CLICK THE LINK