Just Sold Flip- Pictures and Profit Breakdown

[Jonathan C.]

Just sold this flip in PG County, MD a couple weeks ago. #6 of 2014. Hoping for at least 20 this year.

I'm not sure of best format for posting pictures and the profit breakdown. I have a spreadsheet that I use that calculates my 'pro forma' profit and then I plug in real numbers and it gives me my real profit plus or minus like $1,000. I could probably post that if you guys want.

For now, I'll just put everything in this post:

Purchased 1/18/13; $63,000

Sold 4/2/14; $184,900 less $4,836 seller subsidy

Rehab: $55,760

Closing/Holding/Etc Costs: $24,000 (comprised of hard money costs at 12%, $9k closing costs on sell, $8k closing costs buy)

Net Profit: ~$38,000

[Bryan H.]

Congrats! 20 of these in 2014 would be great. Did you really buy in Jan 2013? Can you tell us why it took so long to rehab then?