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Updated about 5 years ago on . Most recent reply

User Stats

57
Posts
137
Votes
Jamie McCauley
  • Rental Property Investor
  • Grand Rapids, MI
137
Votes |
57
Posts

Just finished my first flip! $30k profit!

Jamie McCauley
  • Rental Property Investor
  • Grand Rapids, MI
Posted

Hey everyone,

I just finished my first flip and profited over $30k! It feels good to know that I can be confident in my numbers and rehab estimates. I was only a couple grand off, which I feel pretty good about. Did most of the work myself, which helped my profit quite a bit. If you’re interested in the details, we documented the whole process on YouTube: https://youtu.be/dJ9KTHW78Hk

Anyone else pumped about a recent flip? I’d love to hear about it!

Most Popular Reply

User Stats

15,747
Posts
10,946
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Will Barnard
  • Developer
  • Santa Clarita, CA
10,946
Votes |
15,747
Posts
Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied

Congrats on your success, not bad at all. As a suggestion, take all your hours spent on performing the rehab tasks and calculate what your hourly rate was from your profits. It may be beneficial for you next time to hire out tasks that are “below your pay grade” so you can focus on the higher paid tasks like finding deals, raising money, building your team, adding systems for efficiencies, etc.

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