First Flip Jacksonville Atlantic Beach FL

[Max Biggar]

Hello BP, Thanks for your support! I couldn't have done this or been motivated enough to do this without you! I have posted a few threads with questions throughout this process and finally have completed my first flip! I am on track with my goals and now have experience. And you can flip a house with no or low money down.

Purchase price: $300k

rehab: $55k

sold for : $420k

Profit after holding/closing costs: $35k (a little tighter than I'd like, but hey for my first one this ain't bad)

I got the property under contract, found an investor to take out a mortgage and pay for rehab, then I supervised the rehab and sold the property for a 50/50 split. I managed the process from start to finish and they provided the money.

My profit: $17.5k with very little out of pocket

on to the next...

Cheers!

-Max