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Updated over 5 years ago on . Most recent reply

User Stats

96
Posts
81
Votes
Daniel Andrews
  • Investor
  • Marietta, GA
81
Votes |
96
Posts

Just finished my 3rd flip near Atlanta and now under contract!!!

Daniel Andrews
  • Investor
  • Marietta, GA
Posted

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.





Most Popular Reply

User Stats

96
Posts
81
Votes
Daniel Andrews
  • Investor
  • Marietta, GA
81
Votes |
96
Posts
Daniel Andrews
  • Investor
  • Marietta, GA
Replied
Hi Jingru, Mostly word of mouth and networking with other investors.

Originally posted by @Jingru Sui:

Congratulations! where do you go to find off market deals? or those are market listing?

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