Huge Walk-through Turnouts - ZERO OFFERS!

[Rick Turman]

Morning BP Family!

We are at day 29, which would be 3 days past the drop from 219,9 to 209,9. Our agent should be contacting his list of guests that walked and other interested clients to obtain feedback from their walk as well as update them that the price has decreased. I just hope we don't have to way another month to get an offer.  We're starting to think perhaps our picture quality could be what's hindering that initial push to get them to walk. We did a little research on that and may be throwing new ones up in HDR as other Agents are doing. Follow the trend right? 

Is there anything other than dropping the price that we should be doing to spark more interest; perhaps staging and re-posting photos?  Any and all help is welcome.  We would like to push past this first one so we can approach two more before EOY.

Thanks everyone, and have a wonderful week ahead!

[Rick Turman]

Good afternoon everyone! I would just like to thank you for everyone's input over the past few months and along this journey for those that are veterans following me through my First time flip.  I know a lot more now than I have when I first started this venture.  

We closed on the selling of our first flip today, which would be a week shy of our 6 mo holding that we planned well for.  The journey was fun, stressful, and definitely a life learning experience.  We may have over renovated a little as we let our taste speak for the property, however the new property owners loved every detail about the house and are not changing a thing.  All in all, you don't go broke if you turn a profit and that we did.  

We initially shot for the moon and were targeting a higher market value that shouldn't have been.  Our agent stated that we had we stayed on the market a little longer, we would have possibly sold for our asking price, however everyone wishes for that and that just didn't fit what we had planned for in the budget.  

Numbers below:

3bd 2 ba 2125 sqft.

Purchase: 84,500 (Includes 9,400 Earnest Money Applied to Purchase Price)
Renovations: 67,000
Holding: 23,100 
Original List: 219,900
Final Sale Price: 198,900
DOM: 83
Proffit: $24,300

Already have our eyes on house 2 and may be putting an offer in as early as next week! I can now close the books on this venture and claim that it is possible to make a quick ROI on real estate investing. Here's to the fastlane ya'll!