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Updated about 4 years ago,

Kat Hussey's profile image
Kat Hussey's profile image
Kat Hussey
  • Investor
  • from Sachse, TX
  • Member since Jun 1, 2020
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User Stats

63
Posts
9
Votes
Kat Hussey's profile image
Kat Hussey's profile image
Kat Hussey
  • Investor
  • from Sachse, TX
  • Member since Jun 1, 2020
Connect
Kat Hussey
  • Investor
  • Sachse, TX
9
Votes |
63
Posts
Texas Real Estate Q&A Discussion Forum

Flipping Math Confusion

Kat Hussey
  • Investor
  • Sachse, TX
Posted

If I buy a house for 50k, put 100k into rehab, then sell it for 200k with 6% agent commission, do I actually make a profit? Or do I just get back my original 30k?

Deal:

Money Out of Pocket: 30k (rest is financed)

Buy: 50k with 5000 closing costs

Rehab: 100k roughly based on my estimates

Sale: 200k and 12k commission

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