Fix & Flip - Be careful about high taxes :P

[Kevin Dugan]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $124,765
Cash invested: $65,000

Beautiful home with great bones built in the 1990s, when you go in and create a beautiful home for the community it brings every one up! Just be careful in Chicago because the taxes can be ridiculously high, this house has been sitting because the property taxes are 15K a year with a purchase price at 260K. Lessons learned, but keep on hustling :)