Our First House Flip ever!

[Jean Santiago]

Investment Info:

Single-family residence fix & flip investment in Barstow.

Purchase price: $95,000
Cash invested: $30,000
Sale price: $150,000

[Jean Santiago]

Originally posted by @Account Closed:

@Jean Santiago Hi Jean, congrats on the deal! Curious - what was your holding period? Any renovation surprises or delays trying to flip in today's environment?

 Hello! From start to finish, took us 4 months until Escrow officially closed on the property! This flip was very cosmetic, so we didn't run into any major problems. The only thing i would say that was major was that the Washer/Dryer plumbing lines were outside this shed in the backyard, and it looked like it was mickey/moused back there. We decided to move the washer/dryer lines to the garage, and we had to dig about 3-4ft down the dirt in the backyard because that was where we needed to hook up the new plumbing lines. Costed us maybe about $500 to buy the connections, water and gas lines, but super worth it moving the w/d in the garage!