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Updated almost 9 years ago on . Most recent reply

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86
Posts
47
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Ron Biggs
  • Investor
  • Midlothian, VA
47
Votes |
86
Posts

Latest Flip! Sold! First person that looked at it for full price!

Ron Biggs
  • Investor
  • Midlothian, VA
Posted

Thought I would share our latest flip. Not our best but not bad either. Sold to the first person who looked at it for full price! Thanks to our great realtor! Thanks to our private money lenders who make this possible!! They thank us too as they do well themselves working with us :)

This house is in the Richmond VA area in a great location called Bon Air. We are on the hunt for another so please let us know if you have anything in the Richmond area! This house has 4 bedrooms, 2.5 baths and is a great Tri-level from the 70's

Not a killer deal as we paid a little too much for it but it was in such a great location we thought it would go fast and it sure did!!

Bought and closed on it in August for $167,000

Put about $51,000 into it

Sold for $269,900 less $3,000 in closing cost

Realtor fee $13,495

Holding cost including Private Money cost $10,800

Profit about $24,605.00   (We shoot for about $25K per deal and yes we miss it sometimes)

Here are some before and after photos.

That's enough pictures for now but we have lots of others showing the rest of the home including the bedrooms, master bath etc. If you would like to see more please email us and I will be glad to send you a Drop Box link so you can view them all.

Again let us know if you have anything in our area as we would love to work any wholesaler, private lender or any investor in the area. Lets make some money separately or partner up!!

Thanks and Happy Investing!!

Most Popular Reply

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1,639
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955
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Chris T.
  • Investor
  • Downers Grove, IL
955
Votes |
1,639
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Chris T.
  • Investor
  • Downers Grove, IL
Replied

thanks for sharing @Ron Biggs

very nicely done. 

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