Flipping Success Two

[Lee Schram]

Here is the information on my second flip.The expenses were higher than projected due to some improvements that had to be made to satisfy the buyer. But overall another successful flip with profit of $74,000

Purchase Price 347250

Closing 2274

Improvements 151710

Real estate tax credit 20469

Real estate tax payment 10401

Residence related expenses 3969

Total 495135

Sales price 635000

Closing expenses 43371

Real estate tax credit given to buyer 22429

Net sales price 569200

Gain 74065

Roi 15%