$132,000 Flip Profit on a vacation house.

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Hi All,

We thought we would share our experience with our first vacation (lake house) flip we sold a month ago. We decided to try vacation properties due to the over saturation of the single family flip market. 

We purchased the house for $228k with a 20% down commercial loan, spent $56k on rehab (paid cash), and sold for $440K with a profit of $132k. 

Does anyone else flip vacation proeprties? We are curious as in our state it is not common. We would be interested to hear your feedback. 

Let us know if anyone is interested to read a full post covering more in depth costs with before/ after pictures.