THIS FLIP WAS A HOME RUN!

[Lesley Resnick]

This was a project I did with an out of town investor, the house is in Jacksonville, Florida and he lives on the west coast. Originally he was reluctant to buy the house. It was under contract 2x. He almost talked himself out of it.  But after all, he made a great decision and it was amazingly profitable.

Numbers:

80k Purchase – cash

35k – Reno

Roof, siding, paint inside and out

Kitchen cabinets and countertop resurfaced

Plank floor

New tile in bathroom

Repair electric and plumbing

Home staging 1% of sale price

6 month project

165k sale price less 6k closing costs

44k Profit

Regrettably, this will probably be the most profitable flip I am involved with for the foreseeable future. It all lined up perfectly.

I love home staging. The company I use is top notch and it makes all the difference in trying to sell the house. Buyers often have trouble picturing what it will look like with furniture. 

BEFORE PHOTOS

AFTER PHOTOS