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Updated almost 11 years ago on . Most recent reply
Completed my first Rehab!
I have been reading on these forums for a while now and I finally am going to begin posting!
I completed my first rehab this month!
This has been something I have been wanting to do and I decided I just had to do it! Under contract in one day!! 2nd property already under contract, I will keep you updated!
Questions!? Feel free to ask!
Most Popular Reply
Thanks everyone! The kitchen is from Home Depot, cost $887 for cabinets and top (they do 20% off sales often). The appliances including washer and dryer ran me $1350. The old kitchen was full of mold and for such a small closed in space I wanted to lighten it up.
As for #'s:
Purchase $22,000 purchased a non performing note
Back taxes, HOA and holding $7400
Rehab $8900 everything is new
Realtor fee's $3150 (I listed it)
Closing costs $900
Sales price $105,000