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Updated over 4 years ago on . Most recent reply

User Stats

2
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0
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Ross Wisniewski
  • Real Estate Agent
  • ILLINOIS
0
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2
Posts

What Profits Are Expected From This Flip?

Ross Wisniewski
  • Real Estate Agent
  • ILLINOIS
Posted

Buy at: $190,000

After Repair Value: $285,000

Repairs: $9,050 but use $10,000

Closing Costs on purch. w/ DP of $10,000: $14,500

Holding Costs(4 months mortgage @2.5% + bills): $5,800

All repairs will be done by me and a couple family members. Lets say I sell at $275,000, what profit would I be looking at? Worth it? 

Thanks in advance.

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