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Updated over 5 years ago,
Just finished my 3rd flip near Atlanta and now under contract!!!
I purchased my 3rd flip (off market)in March this year north of Atlanta in a town called Kennesaw. I spent 3 months rehabbing the house including kitchen, baths, paint, floors, landscaping and deck. We use the house flipping spreadsheet to create a budget and keep up with accounting cost. Love the spread sheet. I put a link at the bottom. I have networked with seven local real estate agents and wholesalers in this area and currently looking to start our next flip.
Purchase price 90K cash
rehab budget 40k went over 4k for total 44k
selling and holding cost 20k
Asking price was 235k
Last month I also purchased an off market rental in Kennesaw. Purchase price was 130k - 20% down and rent income is $1300 month. Cash flow 500 a month. Thank you bigger pockets for keeping us well educated in the real estate market. I listen to all the podcast.