Another Flip Sold and Done! - Before and After Pics with Numbers
Hello BP,
We've completed another flip, and I thought I'd share some pictures and numbers.
This house was pretty simple. Mostly a paint and carpet rehab. Holding costs ended up biting us in the butt.
Purchase Price - $106,000
Expenses - $26,000 (rehab, holding, cost of sale, interest, etc)
Sold - $145,000
Gross Profit - $13,000
Not super great, but not horrible. Definitely looking for a better lick on the next one. Our investor made more than we did! :)
Thoughts? Thanks!