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Updated over 4 years ago on . Most recent reply

Tunde McConnell's profile image
Tunde McConnell's profile image
Tunde McConnell
  • Real Estate Agent
  • from Carlsbad CA
  • Member since Jul 16, 2019
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User Stats

10
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4
Votes
Tunde McConnell's profile image
Tunde McConnell's profile image
Tunde McConnell
  • Real Estate Agent
  • from Carlsbad CA
  • Member since Jul 16, 2019
Connect
Tunde McConnell
  • Real Estate Agent
  • Carlsbad CA
4
Votes |
10
Posts
Real Estate Deal Analysis & Advice

Current house flip in Burbank IL

Tunde McConnell
  • Real Estate Agent
  • Carlsbad CA
Posted

Investment Info:

Single-family residence fix & flip investment in Burbank.

Purchase price: $110,000
Cash invested: $48,000

Due to the timing of this deal, the renovation has been taking longer than anticipated. The property was purchased for $110K at the end of February and our reno budget is $86K. With holding costs we are looking at a total investment of $215K. ARV is $265K. We are a few weeks away from completion.

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