Successful flip with BP partner

[Sharad M.]

Hello all,

I wanted to share a recent flip that I completed with a BP partner. Summary of the deal is below:

Purchase Outlay $38,000

Repairs and Holding Cost approx. $52,000

Total Cash Investment $90,000

Sales Price $131,000 

Net Profit after Closing Cost $28,500

Total time from buy to sell 5.5 months

Below are some before and after pictures also:

Living Room:

Kitchen:

Dining Area:

Bathoom:

Basement Unfinished:

Finished Basement:

[Sharad M.]

@Chanté OwensThanks! Pretty much everything in the house that you see is from Home Depot. We bought some roofing materials from Menards, but all the finished items are from Home Depot including the backsplash.

@Christy BartonThanks! I like how the kitchen and bath came out, but the problem is I have 10 flips going on right now and I am looking for a new look for the houses because I don't want all my houses to start looking the same, but this combination came together really well.

@Anthony PericThe BP partner is out of state. In fact, I have never met the BP partner. We connected through BP, exchanged emails and talked on phone and decided to work together. In the end, it worked for both. Thanks!

@Randy E.Thanks!

@Wayne V.Thanks! I have 10 other flips going on right now at various stages of the flip process. Some under contract, some under rehab and some on market. The challenge is to always be replacing a new flip with one that gets sold.