1st time flip in chicago (chicagoland) was a flop

[Scot Howat]

I'm in the northwest suburbs of Chicago and this was my first rehab / flip.

I'm not happy that I'm losing money on this one, but I learned SO much from it. 

I will probably lose about 12k on this one, depends on closing costs and commissions.

Purchased 92,000

Rehab 39,000

holding costs 2,000

Listed at 149,900 and got an offer 4 days later (awesome!) for 145,000 (148,000 - 3,000 closing credit).

Here's some pics

What do you all think???

I've got much better before/after pictures on my laptop, but you get the idea.