Fix and Flip 8/22/17-7/31/2018

[Daniel Riccio Jr.]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $365,000
Cash invested: $525,000
Sale price: $685,000

This property needed a Interior and Exterior Renovation, and floor plan re-structuring to optimize square footage. Finish product was 4 bed 3 full bath. Learned from this project that choice of contractors can greatly effect profitability due to time and cost. Have now created relationships with better sub-contractors and this same project today could be done 20% cheaper and 40% Faster. Choose your contractors carefully, and manage your projects well.