Baltimore City Live in Flip Complete

[Will Bowman]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $89,000
Cash invested: $160,000
Sale price: $335,000

Purchased this house at auction in March 2018 for $89,000 with the intention of completing a "live in flip." Renovations cost $160,000 and took 7 months. My appraisal came back at $335,000 and I was able to take 80% of that out in cash. The basement is a fully independent unit with a full kitchen, private front and back entrances, and a washer/dryer and is being used as an Airbnb bringing in $80 a night and roughly $1000 a month.