$50K Profit on This Flip in Los Angeles

[Shawn Ward]

Hey BP!

1. Here are the numbers:

ACQUISITION (for purchase price, closing costs, lender costs, escrow costs): $434k

REHAB (LABOR + MATERIALS): $102k

REHAB TIME: 10 WEEKS

HOLDING COSTS (MORTGAGE, STAGING): $16K

SALE PRICE: $660K

CLOSING FEES (Escrow, Taxes, Commissions): $58k

PROFIT: $50K

PURCHASED: MAY 2, 2017; SOLD SEPT 1, 2017

2. For a all of the before, rehab and complete images along with the nitty gritty details, I actually kept a weekly blog here on BP you can check out here: https://www.biggerpockets.com/forums/67/topics/442...

Any other questions, please feel free to send at any time. 

Regards,

Shawn