Sold! Closing soon

[Roberto Costa]

So here's my first South Carolina deal....just very happy to be almost done...giving you all an update...

Property: Purchased thru Auction.com

4/2 1,579 SQFT Lexington, SC

Closing Cost:

Purchase Price: $108,500 (more than I should have paid.  Great price would have been $100-102K)

HUD-1 closing cost: $2,386

Insurance: $515

Other Costs: $676

TOTAL Closing: $112,077

Rehab: $8,132 (Labor and materials mostly purchased at Lowe's)

Holding Costs: $170 (Water, Gas, Electric)

Selling Costs: roughly $6,500 (I'm paying closing for buyer)

Selling price: $140,000

Projected profit: $13,121 (Not great but rehab only took 2-3 weeks and got a buyer while it was rehabbing).  Could have gotten maybe $145,000 but I had a buyer and didn't want to lose a quick deal.

Remarks: Awaiting closing within next 10 days. Buyer using VA and all conditions have been met.

ON TO THE NEXT DEAL