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Updated about 4 years ago,
What Profits Are Expected From This Flip?
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.