I did it, my first flip!!!

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I just wanted to extend a big THANK YOU to all those selfless mentors out there really helping us newbies and this website for motivation and advice.

I’m writing this post about 2 months after my close and 3 weeks away from my next!!! Also to let others know it's tangible, it can be done! Now I’ll say this, IT WAS NOT EASY, and It’s scary but, not the bad scary, more like the roller coaster exhilarating kind of scary. I was overwhelmed and stressed a lot with working a full-time job, staying on top of contractors, and staying within budget.

Now I have been a looooong time lurker and tire kicker when it came to REI. I read all the books listened to all the BP podcasts but didn't do anything about it. Finally one day I was like F it. I'm tired of being the guy who always talks about it and I'm going to do something about it.

I found my deal by driving for dollars, hand writing hundreds of mailers, and sending them out.

Traditional financing on the property, but it was in such poor condition I had to get a contractor fix it up a bit before I could get a loan on it.

Private money for the rehab.

Took about 6 months from purchase to sale.

Good luck out there!

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Originally posted by @Alex Huang:

Mind sharing the numbers?

Rough numbers

Purchased 100k

Rehab 40k

Overages 3k

Holding cost $825 for 6 months

Private money 4k

Sold for 209k

Profit roughly a little over 50k