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!

[Matt Berklacy]

@Ken Nyczaj Nice persistence

[Darrius M.]

@Ken Nyczaj congrats, sir! Well done!

[Toby Ima]

GET AT IT!!! GREAT JOB!!! 

[Jefferson Gan]

@Ken Nyczaj Great job! Awesome looking house. I love the kitchen and bathroom! 

[Knifie Burks]

@Ken Nyczaj love it. This is a gorgeous Reno.

[Account Closed]

could you recommend any specific articles on the site that helped you on your journey????

[Ken Nyczaj]

@Anandakumar Elumalai @Sean Lambert @Elenis Camargo thank you all. Best of luck to your journey

[Ken Nyczaj]

@Claire Trammell good tip!

[Ken Nyczaj]

@Richard Loniewski @Kevin Hardy @Daniel Kong thanks all. Best of luck.

[Courtney M.]

Great job! The rehab is amazing - and so are the numbers!

[Aaron Edmondson]

Great work! It says this is your first Flip. Looking at how fast you flipped it and the quality of work you did to upgrades and the total profit. Id say you had quite a bit of Real Estate knowledge before hand. What type of experience or training prepared you for this?

[Ozzy Sirimsi]

Congrats!!!

I liked the color and design choices, keep up the good work :))

[JACOB TURNER]

@Ken Nyczaj This is a dream job right here! Great job and congratulations, Ken!

[Karl Schnitzer]

Looks great. Good job. What kind of funding did you use? 

[Antonio NA]

@Ken Nyczaj awesome job!!!

[Felipe Carvalho]

that’s awesome Ken! Starting now and hope for the same success...

[Peter Padalino]

Nicely done Ken...still looking for my first flip.

[Karonisha Coleman]

awesome congrats!

[Alexis Sutton]

@Ken Nyczaj The home looks amazing! Congrats!

[Jason Prevette]

Amazing work Ken on your first rehab from top to bottom. Your attention to detail will serve you well going forward. Good luck on your future flips as well as your real estate exam!

[Ken Nyczaj]

@Omar Council @Keith Singh @Latoya Lee Thank you all!

[Marcia Dabrowski]

 Thanks for sharing Ken, looks like a success! Congrats!

[Ken Nyczaj]

@Rik Patel I used the BP Calculators and added in costs like- financing at our 6.25% interest rate (interest only), taxes, insurance, electric, county sewer. Broke all that down into per month cost and spread it out over 90 days for a total holding cost.

[Ken Nyczaj]

@James Mercure @Quintin Gulley Jr @Marta Kebede Thank you all. best of luck to your real estate endeavors.

[Ken Nyczaj]

@Remy Marin Prius all the way man, the hatchback has some serious space for stuff.

@Preston Quinn @Ted Mac @Kelly Chisholm Appreciate it!