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Updated about 4 years ago on . Most recent reply

Steve Faucette's profile image
Steve Faucette's profile image
Steve Faucette
  • Rental Property Investor
  • from Baldwin, NY
  • Member since Jul 13, 2015
  • Posts 69
  • Votes 21
  • Experience 11 Yrs
  • Investments 2
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User Stats

69
Posts
21
Votes
Steve Faucette's profile image
Steve Faucette's profile image
Steve Faucette
  • Rental Property Investor
  • from Baldwin, NY
  • Member since Jul 13, 2015
  • Posts 69
  • Votes 21
  • Experience 11 Yrs
  • Investments 2
Connect
Steve Faucette
  • Rental Property Investor
  • Baldwin, NY
21
Votes |
69
Posts
Real Estate Deal Analysis & Advice

fix and flip lost money

Steve Faucette
  • Rental Property Investor
  • Baldwin, NY
Posted

Investment Info:

Single-family residence fix & flip investment in Waterbury.

Purchase price: $64,000
Cash invested: $42,000
Sale price: $166,000

lost money in the deal

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Kellsey Pitman's profile image
Kellsey Pitman's profile image
Kellsey Pitman
  • New to Real Estate
  • Member since Jul 23, 2020
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6
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3
Votes
Kellsey Pitman's profile image
Kellsey Pitman's profile image
Kellsey Pitman
  • New to Real Estate
  • Member since Jul 23, 2020
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Kellsey Pitman
  • New to Real Estate
3
Votes |
6
Posts
Kellsey Pitman
  • New to Real Estate
Replied

Im curious to how you lost money on a 60k gross profit margin. Care to break the numbers down for us?

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