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Updated about 12 years ago on . Most recent reply

User Stats

479
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Ryan R.
  • Real Estate Investor
  • Central, TX
165
Votes |
479
Posts

1st Rehab Complete. Thanks BP

Ryan R.
  • Real Estate Investor
  • Central, TX
Posted

I just finished this house and we're scheduled to close on Tuesday. It needed everything; plumbing, electrical, HVAC, roof, windows, insulation, drywall, flooring, all new fixtures.

I had to remove the entire second floor and rebuild it; 2 bedrooms and 1 bathroom. When I say, I, I mean I was the lead carpenter; designed and built the whole upstairs. I'm going to make approximately $22,000 on this deal.

Thank you to BP and its members for their help. Video below.

http://youtu.be/gwfjHS60SC0

Most Popular Reply

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17,996
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17,211
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J Scott
  • Investor
  • Sarasota, FL
17,211
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied
Originally posted by @Ryan R.:
One of the best sources of information I found was J. Scott's website 123flip.com and listening to his podcasts and following his posts.
I think I've read almost every page on his website and I've pulled my calculator out and analyzed his numbers. He relived a lot of my fear and excuses through his website and his honest posts on here. Unlike a lot of faces in real estate,he is genuine; he is legit and grounded and he's not selling some pipe-dream.

Wow, thank you Ryan...that sincerely means a lot and literally brought a big smile to my face...

Congrats on the project...and I hope all the new investors will read and re-read this one sentence you wrote above:

Perfectly said. In my experience, very few real estate investors only do one deal -- they either do none or they do a lot. The reason being, it's tough to get through that first one, but if you do, everything after that seems very, very easy...

Again, congrats!

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