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Updated over 5 years ago on . Most recent reply

User Stats

453
Posts
415
Votes
Ken Nyczaj
  • Investor
  • Grasonville, MD
415
Votes |
453
Posts

First Flip Completed Successfully! W/ Pics and Numbers

Ken Nyczaj
  • Investor
  • Grasonville, MD
Posted

My team and I sold our first flip today!

Started diving head first into real estate in the beginning of 2018 and haven't slowed down since. We found this deal from a DM Campaign. After a few campaigns with no results, one in May finally stuck. Biggerpockets has been an incredible source of information and this wouldn't have happened without the community.

Front view: (Packed the Prius full)

Rear: (Bay Grasses turned out great)

Kitchen:

Master Bath:

Roof:

Here's about 3300 letters that I proudly lick!

Numbers:

Purchase- $108,000

Rehab- $70,000

Holding- $3,200

Sold Price- $288,000

Profit about 27% off of sold price.

Thank you to all who helped me throughout the Journey, greatly appreciated. Now we are looking to put our 2nd and 3rd property under contract this month. Possibly even a fourth if I have any funds left! If you're in the Annapolis area, reach out anytime- I'm definitely looking to get some sort of master mind group together to bounce ideas off of!

  • Ken Nyczaj
  • Most Popular Reply

    User Stats

    152
    Posts
    126
    Votes
    Peter Fennig
    • Investor
    • Fort Wayne, IN
    126
    Votes |
    152
    Posts
    Peter Fennig
    • Investor
    • Fort Wayne, IN
    Replied

    That kitchen island is badass and I'm SUPER impressed (jealous) with that custom walk in shower! Awesome job and one heck of a return

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