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Updated over 4 years ago on . Most recent reply

User Stats

56
Posts
186
Votes
Steven Rubino
  • Stoneham, MA
186
Votes |
56
Posts

Flipping during COVID (w/ Before & After pics)

Steven Rubino
  • Stoneham, MA
Posted

Hey everyone

So I just completed my 3rd flip, and this one was a challenge for sure. On top of all the typical setbacks we of course had to deal with COVID-19. Our reno was shut down for a few weeks, all open houses & showings were required to be socially distant, and with all the unemployment the buyer pool was (in my opinion) a little reduced.

Nevertheless we got it done! Here are some of the details along with some Before & After pics. Let me know what you guys think!

And anyone who is in MA or NH - let's connect! I would love love love to meet up with other RE professionals and continue building my network. If you're a wholesaler with properties - message me! I need another project!!!

Single Family Home - 3 beds / 2 baths / 1,600 sq ft located in Ayer, MA

Purchase Price: $138,000

Reno Cost: $113,000

Sale Price: $320,000

Commission: $16,000

Net Profit: $53,000

Net ROI: 21.12%

Most Popular Reply

User Stats

299
Posts
476
Votes
Sharlene Mulchandani
  • Cincinnati, OH
476
Votes |
299
Posts
Sharlene Mulchandani
  • Cincinnati, OH
Replied

@Steven Rubino Congratulations! The transformation is amazing, looks great!

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