First Deal complete breakdown

[Chip Cook]

*This link comes directly from our calculators, based on information input by the member who posted.

Pretty excited to see my first deal end in a success. Lot's of lessons learned, but overall, a positive.  

Bought the fixer upper in August. 

Contractor took too long and had some delays, so house has been vacant the entire 6-month period. Did a complete interior reno (new windows, doors, wall texture, paint, base, case, redesigned bathroom w/ all new fixtures, new kitchen w/ all new appliances, new flooring, paint, fans, lights), and new roof

House  appraised about 100k over purchase price, allowing me to see inf% cash-on-cash return on this one. Pulling out all my equity and onto the next one.

Advertised for rent starting yesterday, at $200 above initial estimates. Property manager already has 5 applicants.

Yard spruce up in the spring once everything thaws.