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Updated almost 4 years ago,
Just Closed my First Deal
I just closed my first deal today. It is a flip in Syracuse NY. The property was listed for $9900, I submitted my offer with an escalator clause.
Here's the numbers:
4 Bedrooms, 1.5 bath, 1344 sqft.
Purchase Price - $13000
Closing Costs - $3749
Estimated Rehab - $25,000 - 6 week timeline
Holding Costs - $500 month
Taxes - $1744 annually
ARV - $95000