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Updated over 6 years ago on .

User Stats

95
Posts
27
Votes
An Duong
  • Boston, MA
27
Votes |
95
Posts

First Flip Finally listed!!! (Mass Flip)

An Duong
  • Boston, MA
Posted

Just put my first flip on the market!  After lots of studying, networking and advise given by some generous seasoned investors the project is coming to fruition.

Deal found by driving for dollar. I saw an ugly house and went after it!

Got hard money for 10% of acquisition and 5% of rehab (and broker fees :-/ )

Rehab time took about 4 months

Contractors and supplies (cabinets were 3 weeks late) pushed my timeline I was aiming for 3 months.

Acquisition cost 187k negotiated down from 200k.

Rehab cost 100k and finance carry cost will be about 15k.

On the market for 387k in order to stoke a bidding war hopefully somewhere north of 400k.  (comps are about 415k)

On the market yesterday > 

https://www.zillow.com/homes/for_sale/56631891_zpi...

Hoping to close next week!

Below are some before photo.  Link to more before photos here: https://photos.app.goo.gl/TPMTKByozMdif9wr9

Vid walk through of pre-rehab condition here (first time I walked into the home):  

https://www.youtube.com/watch?v=cfVP86y_lF0&featur...