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Updated almost 9 years ago on . Most recent reply

Account Closed
  • Investor
  • Lawrenceville, GA
29
Votes |
34
Posts

Another Flip Sold and Done! - Before and After Pics with Numbers

Account Closed
  • Investor
  • Lawrenceville, GA
Posted

Hello BP,

We've completed another flip, and I thought I'd share some pictures and numbers.

This house was pretty simple. Mostly a paint and carpet rehab. Holding costs ended up biting us in the butt.

Purchase Price - $106,000

Expenses - $26,000 (rehab, holding, cost of sale, interest, etc)

Sold - $145,000

Gross Profit - $13,000

Not super great, but not horrible. Definitely looking for a better lick on the next one. Our investor made more than we did! :)

Thoughts? Thanks!

Most Popular Reply

User Stats

23
Posts
10
Votes
Tiffanee Johnson
  • Rental Property Investor
  • Atlanta, GA
10
Votes |
23
Posts
Tiffanee Johnson
  • Rental Property Investor
  • Atlanta, GA
Replied

Congrats Harrison! This is a beautiful home. Seeing photos really allows viewers to place things into perspective. 

PS. This is my very first post with BP or any social networking for that matter. Yayyyyyyy!!! :)

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