Utah Fix and Flip Success

[Shawn Cottle]

Figured I would share my latest flip success. Here’s a little back ground on myself. I have been in real estate since 2004, have flipped dozens of properties, and sold dozens more homes. I have had many successes and also lost money. Flipping homes isn’t for everyone. I have learned a few things over the years. I am a full time Realtor and know and understand the market better than most. My advice is always get a great team of people you can trust. Don’t fall for those get rich quick schemes that you have to pay $20k for a so called education. Find someone who knows what they are doing and partner up. So here are the numbers: Purchase Price: 140k Holding Costs: $3,350 Rehabbing costs: $45k Total: $198,350 Sales Price: $240,000 Commissions: $0 (I’m a full time realtor and found a buyer myself) Seller paid closing: $5,000 Net Profit: $46,650