Fix and Flip in Memphis

[Samuel Connor payne]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $82,000
Cash invested: $15,000
Sale price: $160,000

Starter home flip in Colonial Acres. In this flip, we replaced the roof and electrical panel. We demo'd the bathrooms to the studs, and turned the tub surround in the master bathroom into a stand up shower. We then replaced it with brand new subway tile on the walls, wood plank tile on the floors, new paint, new toilet and plumbing, and a new barn door. In the other bathroom we used longer subway tile on the walls and the same plank tile on the floors. New vanity, mirror, toilet, and paint also went in the bathroom. In the living and bedrooms, all rooms got brand new fans, paint, blinds, and refinished hardwood. The kitchen received new cabinet doors, granite, appliances, and tile floors and backsplashes.