Bow Nh Residential House Flip

[John L DeVitto Jr]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $178,000
Cash invested: $79,909
Sale price: $299,999

First Fix and Flip. Ripped up the carpet and refinished all the wood floors upstairs, re-did the 2 baths and kitchen. Took out the electric heating and put in a forced hot air/cooling system. After all holding costs, closing costs and paying for sellers closing costs, we walked away with $18k.
300k selling
-178k purchase
-79k rehab
-19k buying, selling and buyers buying closing cost
-3k financing
-3k holding

Profit of 18k