Closed Highland Sale

Sold Highland yesterday to a first time home buyer - she is a young woman in her early 20's and was extremely excited.

DEAL SUMMARY

Purchase price $29,000 (25k price + 4k assignment from wholesaler)

Rehab costs $24,500

Sale Price $75,000

Net profit $12,700 (after closing costs, carry, utilities, insurance, etc.)

Bought 9/3/13, finished rehab and listed on 11/24/13. Put under contract 1/14/14, closed in 30 days.