3rd Flip of the Year Closed and Funded, net $36,634

3rd Flip of the Year Closed and Funded, net $36,634

Rental Property Investor · Arlington, TX · Member since 2012 · 788 posts · 640 votes

$85,121 Purchase Price on 11/3/15 with Cash

$28,967 Rehab/Soft Cost

$157,900 Sales Price, under contract within 5 days of being on market

$150,722 Paid at Closing on 3/24/16

$36,634 Profit (I did have a Joint Venture Partner on this deal so we split profits 65/35, so my realized profit was approx. $24K)

Property is located just south of DFW in Alvarado, TX.  Here are pics:

You can view more pics at www.facebook.com/ibuyhousesin7days

On to the next!

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  • Flipper/Rehabber · King, NC · Member since 2016 · 88 posts · 36 votes
    10y
    Great to see you put money into granite counter tops and tile backsplash I put them in all of my rentals.
  • Rental Property Investor · Arlington, TX · Member since 2012 · 788 posts · 640 votes
    10y

    @Larry Watson

    The biggest bang for the buck is granite in my opinion and I purchased mosaic tile with glass for about $2/ft when HD had a huge Christmas sale.  I have plenty of boxes left so plan on seeing same design on my future projects ;)

  • Vancouver, WA · Member since 2015 · 98 posts · 46 votes
    10y

    Congrats @Rocky V. ! Keep 'em coming!

  • Lender · Reading, PA · Member since 2012 · 22 posts · 6 votes
    10y

    Congrats @Rocky V. 

  • Agent/Investor · Murphy, TX · Member since 2013 · 542 posts · 304 votes
    10y

    Very nice!  I like the square/rectangular sinks in bathrooms too.  Seems like 95% are round and I always get positive comments about them.

  • Bulawayo, Zimbabwe · Member since 2015 · 1k+ posts · 253 votes
    10y

    congrats on the the flip

  • Spring Valley, NY · Member since 2016 · 55 posts · 21 votes
    10y

    Looks great. Congrats! 

  • Investor · Winter Park, FL · Member since 2016 · 66 posts · 26 votes
    10y

    Congrats! Nice work

  • Flipper/Rehabber · Lake Worth, FL · Member since 2015 · 53 posts · 22 votes
    10y

    Great job Rocky! I'm loving the pictures!

  • Investor · Tampa, FL · Member since 2015 · 33 posts · 4 votes
    10y
    Rocky V. Great job! I'm interested in A JV. Let me know if you're interested. I'm trying to expand my portfolio nationwide.
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