First Flip $100,000+ Profit, SOLD IN 1 HOUR!

[Tyler Leonard]

Hi, I just wanted to share my first flip with the BP Community.  On February 1st I purchased a single family for $105,000 from a wholesaler.  The property was the ugliest house in the neighborhood and was abandoned mid-rehab when the insurance proceeds did not cover the cost of to repair the home after a small a fire.

Because I purchased the property in Cash and bought it As-Is the local building officials were not in the loop and immediately put me on their Sh*T list when I filed for permits. Original owners attempted to put the house back together but must have ran out of money which is why they walked away. It took me OVER 30 days to get all the proper permits but we finally started March 1st. After 60 days of construction, I put it on the market and it sold within 1 hour! I knew there was inventory so I even priced it at a premium but it still sold in less than one day. Now all I have to do is cross my fingers that it will appraise!

Here are some before and after photos: