SOLD! $45,000 profit to start the New Year.

[Omid A.]

Hey BP,

I've yet to post any of my projects on here and they happen to be my favorite type of posts to see from other members so I figured I'd share one. This is a flip in Tigard, Oregon (suburb of Portland) that just officially closed today. I bought it in August for $262,000.00, put about $60-65k into it (still need to tally up the final numbers) and sold for $410,000.00.  At the time of purchasing this property, I was running a little low on capital so I funded 100% of purchase price plus most of the rehab costs so my holding costs are slightly higher than usual. 

Unfortunately, this is one I don't have the before photos for but we did new windows, garage doors, fencing, refinished the hardwoods throughout, completely updated the kitchen and both full bathrooms, all new doors and millwork, all new fixtures, new carpet, new furnace & water heater, and the list goes on. The project took about 8 weeks from start to finish so it was a relatively quick one.

The deal was brought to me by a wholesaler in the area and he made out nice with a 5-figure assignment fee as well. :) 

[James Dickens]

@Anna M. For photos you need to use a wide-angle lens and a tripod (You can see a tripod leg in the shadow on the bathroom photo). DSLR would be the best but you can even get good shots with a phone with a snap-on lens and a tripod. Results will vary by phone type though. 

Also works well if you can remote fire the camera, that way you can get it into a corner and not have to stand behind it to shoot. 

Open all drapes and turn on all lights (see the Kitchen Photos)

Also don't be afraid to experiment with cheap external battery powered lights that you can use to light up a dark area. A flashlight and a paper towel tube can do some wonderful things :)

Last tip would be to use an area or grid exposure setting and not a point (center point of lens) This way the camera will try and balance out the lighting on it's own across the whole area and not just the center of the lens. 

Those should be some easy ways to improve your photos if you take them on your own.