Most Recent Flip, $58K Profit, Pics and Numbers

[Jonathan C.]

Wish more could be like this one.  Info below.

Purchase: 119k

Rehab: approx 67k

Sell: 263k

Net profit: $58k (really good one)

How I got it: wholesaler

More details below

Pics below

Final Reconciliation
Time from start to finish (in months)	4.13
Time from start to finish (in % of year)	34.40%
Cash from Borrower (Line 303 on HUD)	18303.84
Add back earnest money deposit if I sent one	100
Total cash to purchase	18403.84
Less whatever commission I received- with the admin fee of $395 taken off of the total commission amount	0
Cash to purcahse less commission (final total amount of cash invested to purchase)	18403.84
Add
Rehab Costs	66678.83
Utility Costs @ 80/mo	330.4
Mist Costs @ $1K	1000
Total Cash Costs Not Including Interest	86413.07
Interest- subtract my Eagle unused interest payments from the interest reserve; add the interest payments I made for hard money	4480
Total Cash Costs Including Interest (subtract for Eagle, add for hard money)	90893.07
Cash to seller (Line 603 on HUD)	149757.36
Any commissions I received when selling	0
Cash to seller plus any commissions I received (my net cash at sale)	149757.36
Net Profit	$58,864
Return on cash	65%
Annualized return on cash	188%

[Account Closed]

Nice. Anytime i complete a flip and get a check, i always think about what others have to do to earn that kind of money and become grareful