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Aretha Wallace
  • Investor
  • Redford, MI
9
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23
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New to BiggerPockets and looking to network.

Aretha Wallace
  • Investor
  • Redford, MI
Posted

Hello everyone, 

I'm new to BiggerPockets and looking to share my knowledge and learn from others as well. 

My goal is put four fixer upper properties in the Farmington Hills area of Michigan under contract by December 31, 2016.

Here is one of my most recent flip with the numbers below pictures.

Purchase price: $154,800

Sold price: $202,000

Gross profit: $47,200

Reno budget: $14,000

Sale cost: (commission, mortgage, taxes, maintenance fees) $9,200

Net profit: $24,000

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