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Updated over 8 years ago on . Most recent reply

New to BiggerPockets and looking to network.
Hello everyone,
I'm new to BiggerPockets and looking to share my knowledge and learn from others as well.
My goal is put four fixer upper properties in the Farmington Hills area of Michigan under contract by December 31, 2016.
Here is one of my most recent flip with the numbers below pictures.
Purchase price: $154,800
Sold price: $202,000
Gross profit: $47,200
Reno budget: $14,000
Sale cost: (commission, mortgage, taxes, maintenance fees) $9,200
Net profit: $24,000