@Account Closed Congrats on the successful flip and congrats to your investors on a healthy profit. Are you doing the rehabs yourself or are you subbing out a lot of the work? I'm an investor in Atlanta. Would be happy to look at any opportunities you are working on to potentially flip if you need additional investors.
Do you have any investor-minded subs or GC friends/contacts in the Atlanta or metro-Atlanta area you would recommend? My team is looking to work out our first flip in Atlanta in the upcoming months.
Congrats on a successful flip! I agree that is an absolutely great house for someone at 145k. Front elevation looks great and all the undeveloped space in the back would be a huge plus. Wish I could have it! Do your expenses include commission (I'm guessing that would be part of your cost of sale, just wanted to verify)? Do you act as listing agent on the sell side?
Looks great. I was wondering what you learned or would do differently to have made a little more? 13 k is good but what limited it? was it the purchase price? The rehab estimating? The hold time? Interest rate? Sale price? Just curious but still a great achievement. Thanks for posting.
@ Josh
I'm a contractor in the Atlanta area and I would be interested in helping you out any way I can fell free to shoot me a message in my in box
Thanks
Daryl
That's a decent deal and congratulations on making $13,000 in profits. Like everyone else here, I liked the Before & After pics and I am surprised at the price of the property.
@Account Closed What did the timeline look like? Did holding costs hurt you because of the total hold time? Rate/Points? Or did you have penalties put in for going past some set amount of time with your lender?
@Account Closed Congrats on the successful flip and congrats to your investors on a healthy profit. Are you doing the rehabs yourself or are you subbing out a lot of the work? I'm an investor in Atlanta. Would be happy to look at any opportunities you are working on to potentially flip if you need additional investors.
Do you have any investor-minded subs or GC friends/contacts in the Atlanta or metro-Atlanta area you would recommend? My team is looking to work out our first flip in Atlanta in the upcoming months.
Thanks Josh! We have subs that can, for the most part, manage themselves, but we "GC" to keep everything flowing and getting done.
Congrats on a successful flip! I agree that is an absolutely great house for someone at 145k. Front elevation looks great and all the undeveloped space in the back would be a huge plus. Wish I could have it! Do your expenses include commission (I'm guessing that would be part of your cost of sale, just wanted to verify)? Do you act as listing agent on the sell side?
Bill, my business partner is a broker, so the only agent fees we had were the buyers agent 3%. That's factored in the expenses I listed above.