First flip done in Austin Texas

[Joe Zhang]

My first project in this new game and it turned out to be very successful:)

Property :

SFH : 3 beds 2 baths, 1385 sf built in 1969. Cash offer.

purchase price : $145,000

rehab cost : $41,000

ROI = 32.5%

Milestones:

1/21/2014 purchasing

4/16/2014 listing

4/21/2014 pending

5/16/2014 closing & funding

Before

work in progress

After