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Updated about 5 years ago, 10/09/2019

User Stats

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

First Flip Completed Successfully! W/ Pics and Numbers

Ken Nyczaj
Pro Member
  • 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
  • User Stats

    467
    Posts
    161
    Votes
    Matt Berklacy
    • Rental Property Investor | Realtor
    • Jacksonville FL | Savannah Ga |Raleigh NC
    161
    Votes |
    467
    Posts
    Matt Berklacy
    • Rental Property Investor | Realtor
    • Jacksonville FL | Savannah Ga |Raleigh NC
    Replied
    @Ken Nyczaj Nice persistence

    User Stats

    31
    Posts
    14
    Votes
    Darrius M.
    • Rental Property Investor
    • Memphis, TN
    14
    Votes |
    31
    Posts
    Darrius M.
    • Rental Property Investor
    • Memphis, TN
    Replied
    @Ken Nyczaj congrats, sir! Well done!
    CV3 Financial logo
    CV3 Financial
    |
    Sponsored
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    User Stats

    45
    Posts
    13
    Votes
    Toby Ima
    • Rental Property Investor
    • Dallas, TX
    13
    Votes |
    45
    Posts
    Toby Ima
    • Rental Property Investor
    • Dallas, TX
    Replied

    GET AT IT!!! GREAT JOB!!! 

    User Stats

    111
    Posts
    29
    Votes
    Jefferson Gan
    • Investor
    • Matawan, NJ
    29
    Votes |
    111
    Posts
    Jefferson Gan
    • Investor
    • Matawan, NJ
    Replied

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

    User Stats

    33
    Posts
    20
    Votes
    Knifie Burks
    • Real Estate Agent
    • Tampa Fl
    20
    Votes |
    33
    Posts
    Knifie Burks
    • Real Estate Agent
    • Tampa Fl
    Replied
    @Ken Nyczaj love it. This is a gorgeous Reno.
    Account Closed
    • Real Estate Investor
    1
    Votes |
    6
    Posts
    Account Closed
    • Real Estate Investor
    Replied

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

    User Stats

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

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

  • Ken Nyczaj
  • User Stats

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

    @Claire Trammell good tip!

  • Ken Nyczaj
  • User Stats

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

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

  • Ken Nyczaj
  • User Stats

    235
    Posts
    300
    Votes
    Courtney M.
    • Lake Elsinore, CA
    300
    Votes |
    235
    Posts
    Courtney M.
    • Lake Elsinore, CA
    Replied

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

    User Stats

    21
    Posts
    5
    Votes
    Replied

    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?

    User Stats

    1,607
    Posts
    775
    Votes
    Ozzy Sirimsi
    Agent
    • Real Estate Agent
    • Baltimore, MD
    775
    Votes |
    1,607
    Posts
    Ozzy Sirimsi
    Agent
    • Real Estate Agent
    • Baltimore, MD
    Replied

    Congrats!!!

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

    • Ozzy Sirimsi
    CLOSED Title logo
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    |
    Sponsored
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    User Stats

    13
    Posts
    3
    Votes
    JACOB TURNER
    • McKinney, TX
    3
    Votes |
    13
    Posts
    JACOB TURNER
    • McKinney, TX
    Replied
    @Ken Nyczaj This is a dream job right here! Great job and congratulations, Ken!

    User Stats

    52
    Posts
    35
    Votes
    Karl Schnitzer
    • Real Estate Consultant
    • Philadelphia, PA
    35
    Votes |
    52
    Posts
    Karl Schnitzer
    • Real Estate Consultant
    • Philadelphia, PA
    Replied

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

    User Stats

    2
    Posts
    1
    Votes
    Antonio NA
    • Property Manager
    • Indianapolis, IN
    1
    Votes |
    2
    Posts
    Antonio NA
    • Property Manager
    • Indianapolis, IN
    Replied
    @Ken Nyczaj awesome job!!!

    User Stats

    13
    Posts
    6
    Votes
    Replied

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

    User Stats

    49
    Posts
    8
    Votes
    Peter Padalino
    Pro Member
    • Rental Property Investor
    • Centennial, CO
    8
    Votes |
    49
    Posts
    Peter Padalino
    Pro Member
    • Rental Property Investor
    • Centennial, CO
    Replied

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

    User Stats

    19
    Posts
    6
    Votes
    Karonisha Coleman
    • Real Estate Agent
    • dallas, ga
    6
    Votes |
    19
    Posts
    Karonisha Coleman
    • Real Estate Agent
    • dallas, ga
    Replied

    awesome congrats!

    User Stats

    4
    Posts
    1
    Votes
    Alexis Sutton
    • New to Real Estate
    • Charlotte, NC
    1
    Votes |
    4
    Posts
    Alexis Sutton
    • New to Real Estate
    • Charlotte, NC
    Replied
    @Ken Nyczaj The home looks amazing! Congrats!

    User Stats

    3
    Posts
    1
    Votes
    Jason Prevette
    • Investor
    • New York, NY
    1
    Votes |
    3
    Posts
    Jason Prevette
    • Investor
    • New York, NY
    Replied
    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!

    User Stats

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

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

  • Ken Nyczaj
  • User Stats

    23
    Posts
    3
    Votes
    Marcia Dabrowski
    • Investor
    • Naperville, IL
    3
    Votes |
    23
    Posts
    Marcia Dabrowski
    • Investor
    • Naperville, IL
    Replied

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

    NREIG  logo
    NREIG
    |
    Sponsored
    Customizable insurance coverage with a program that’s easy to use Add, edit, and remove properties from your account any time with no minimum-earned premiums.

    User Stats

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

    @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
  • User Stats

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

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

  • Ken Nyczaj
  • User Stats

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

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

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

  • Ken Nyczaj