Client Success Story: First Flip

[Ryan McLaughlin]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $67,000
Cash invested: $71,000
Sale price: $184,000

This is a client success story. Not my own, but I'm proud of the guy and I wanted to share.

I had the pleasure of representing Doug on the purchase and the sale of his first flip in SW Philly and I couldn’t be more excited for all of his success here. Doug came to me fresh off of months of studying and saving and was ready to make his foray into real estate. It wasn't long before we found a great opportunity and Doug went to work.

Mike Tyson said that everyone has a plan until they get punched in the mouth. Well, rehabbing a house is a punch in the face for sure, and Doug certainly took his lumps. It’s all about how you get back up though, and Doug is still standing tall with his first W and I think he even made a couple bucks along the way. Having a Realtor in your corner who understands the market, how to finance a project, the rehab process itself and how to estimate rehab costs is paramount to your success. I'm happy to have helped Doug along the way and I'd love to do the same for others in the BP community.

If you’re thinking of investing in real estate, drop me a message and let’s get to work. Congrats, Doug!