BP Collaborating & Winning Together - Success to share...

[Vijaianand Thirunageswaram]

It's almost end of August. We finally closed on our Flip property project in Tomball started in April 2019. I am so happy for my partner/investor who I collaborated for this project. On the another project, I was able to help another BP Investor to get his rental property rehabbed quickly and rented out in a week to start his investment journey. I am happy for him too..

@Arun N found me via BP and approached me to help him with acquisition of property via Auction in April of this year. He found property in xome Auction and I helped to check out and close on this property end of March 2019. We finalized on the rehab contract with my contractor and started job to do flip in April and completed in a month. We listed the property for sale in Apr 15, 2019 right on the target. We started bit high to judge the market and started getting more action when close market price range. We entered contract finally in Jul 30 and closed yesterday..  

Here are the numbers,

Acquisition Price: $145,000

Rehab cost: $42,000

Holding Cost: $5000

Sales Price: $244,400 

Sellers Contribution: 5%

Net Profit: $31,500

Duration: 5 months

That's great return with borrowed funds from HELOC. Congrats @Arun N.

On the other project, Jacob found property on the MLS and closed it beginning of the month. He wanted my help to rehab quickly and manage it. We took care of the rehab just below $5000 and listed and rented within a week. He is a new investor and I took care of the rehab and now managing the property so he can be on the ease and looking for next property.

By collaborating and doing the best what you can do, we can be winner and grow together. These projects are great example how BP has helped to collaborate and work together!!   Thanks BP!!