My next rehab in Orange County

[Jimmy Hong]

Hello BP Nation,

Very excited to post a property we just completed. This one is a SFH, 1909 sq ft, 4 beds, 3 baths. It was a total gut job including moving the kitchen to another area and adding a bedroom and bath (originally 3 bed, 1.75 bath). It will be listed this weekend. Here are the numbers:

• $455,000 purchase price
• $5,492 closing cost
• $56,000 renovation cost
• $4,000 landscape cost
• $5,351 various costs including fixtures, appliances, staging furniture, etc.
• $1,370 taxes
• $150 total utilities
• $29,925 commission
• $5,000 closing cost

Total cost $562,288

Listing price $630,000

Estimated net profit $67,712

Here are some before and after pictures:

Living room

Living room

Fireplace

Fireplace

Den

Removed den, replaced with mud room with tech center.

Kitchen

Kitchen

Removed the kitchen and replaced with Master room and 4th bedroom.

Makeshift 3rd bedroom (across from kitchen).

Removed the 3rd bedroom and converted to dining room.

Removed the 3rd bedroom and converted to dining room.

This was a family room (back of the house).

Moved kitchen to back of house.

Kitchen

Bathroom #3

Bathroom #3

[Sue K.]

Thanks @Jacob A. I'm happy to take the credit for it ;)

[Mike S.]

@Jimmy Hong

Nice job on this flip, I was wondering if you put in a new HVAC unit or windows as part of the 56K renovation costs?

[Jimmy Hong]

Thanks @Mike S. , we did not install new HVAC or new windows.

Here is the latest update @Mehran K. , we received multiple offers after our first open house weekend at end of February. We accepted at $630k and closed yesterday. Property is officially sold.

Thanks to everyone at BP, I keep learning a lot from this forum.

[Mehran K.]

@Jimmy Hong Nice! Congrats.

[Ramon Jenkins]

congrats

[John Weidner]

@Jimmy Hong Awesome! Congrats!!

[Jimmy Hong]

Thank you @Mehran K. .