Real Estate Deal Analysis & Advice

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Nikolay Izmerli
  • Real Estate Broker
  • Tampa, FL
41
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21
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My First Flip in Florida! With Photos! The house is sold

Nikolay Izmerli
  • Real Estate Broker
  • Tampa, FL
Posted Aug 19 2019, 16:19

The really invaluable part of this experience has been education. I and my wife who was a designer of the project have learned a lot. We certainly made mistakes along the way, however understanding what went wrong provides important lessons for the future.

Purchase Price: $207,000

Closing Costs: $7,625

Labor: $27,800

Material: $33,510

Landscaping: $5,600

Staging: $2,000

Total project cost: $283,535

Sold: $304,500

Agent's commission: $8,840

Selling closing cost: $6,500

Given that some of the money was borrowed I have this project in the red. Well, you know that tuition and fees vary from college to college.

Now on to the photos:
Exterior Before:

Exterior After:

Interior Before:

Interior After:

Thanks for checking out my progress so far and good luck to all!

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