First Flip Completed Successfully! W/ Pics and Numbers

[Ken Nyczaj]

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!

[James Caruso]

Great job, the house came out fantastic! Looking forward to seeing what else you work on.

[Adam M.]

@Ken Nyczaj Nice work! Those are really good numbers in this market. How many letters do you send out/month and what is your response rate and conversion rate? 

[Tara G.]

Very nice!  Did you just replace the kitchen cabinet doors and paint the rest of the cabinet?  Was the bathroom vanity bought somewhere ('off the shelf' like Lowe's or similar), or built by your contractor?    I ask because I have those same honey-oak cabinets that I want to change in my rental.

It looks nice and modern inside- big change!

[Tory Keith]

Great job, and love the finishes. Congrats!

[Ken Nyczaj]

@Carver D. Jarmon III thank you

[Ken Nyczaj]

@Sean Welch thank you

[Ken Nyczaj]

@Joe Arida thanks Joe. There are 3 main partners in the LLC with the majority stake. We have a fourth who is our lawyer who has a small stake in the company. I'm acquisitions, a GC, a Tax adviser/Soon to be Agent, and the lawyer. Took 3 months total.

[Ken Nyczaj]

@Lisa Miller thank you

@Alex Williams thanks

[Kelly Iannone]

@Ken Nyczaj turned out great! We have those same cabinets in our rental so it’s great to see an after view of painting them. It’s a nice touch that you built in the refrigerator. I’ll have to remember that.

[Ashkan Kamali]

@Ken Nyczaj Good job 👍

[Daniel Bork]

@Ken Nyczaj. Hey Ken, first off great job on the rehab. Looks fantastic. How different were your numbers from beginning to end ? Meaning your rehab cost, holding, selling price? Were they accurate or off some from what you originally thought? I’m starting my first rehab soon as was just wondering. Thanks Dan

[David Zheng]

kitchen and bath are beautiful! nice work!

[Cara Lonsdale]

Love the pix.  You have a good eye for transforming spaces.  I love the kitchen.

Kitchens sell houses!

[Annie Levan]

How inspiring! I really love what you guys did with the kitchen!

[Ken Nyczaj]

@Nicole Marshall thank you. We tried to do upscale modern finishes that would give us the edge verse the competition. And unique features that you wouldn’t find in any house under $300,000.

@Ned Carey thank you Ned, you’ve given me some guidance along the way this year and I’m grateful for it.

[Louis Giasullo]

@Ken Nyczaj  Congratulations on a beautifully done and successful flip!  Question - How did you go about selecting the verbiage and format for the letters you sent out?  Anything specific that you thought worked best for you?

Thank you!

[Anandakumar Elumalai]

Congrats Ken!!! 

[Ken Nyczaj]

@Josh Black @Steve Medina thanks!

[Sean Lambert]

Looks great!  thanks for posting the details and the pictures.  

[Elenis Camargo]

@Ken Nyczaj Beautiful house Ken, especially the kitchen!! Looking to do my first flip in the next few months once our second rental property closes. I'll be excited to post the results once it's done. Thanks for sharing!

[Claire Trammell]

The flip is absolutely beautiful!!

Also, love the letters! Just a tip: save the saliva and tuck the flaps. :-)

[Richard Loniewski]

Well done, you did a great job!

[Kevin Hardy]

Great job!!! You hit a home run with this one.

[Daniel Kong]

Great work! Gotta agree with everyone. Pretty impressed by that new kitchen and shower!

[Omar Council]

@Ken Nyczaj Awesome keep pushing!!!