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All Forum Posts by: Scott Thorne

Scott Thorne has started 2 posts and replied 2 times.

Real Estate Deal Analysis & Advice

Post: 518 Belfast Dr Gastonia, NC 28052

Scott ThornePosted
  • Flipper/Rehabber
  • Charlotte, NC
  • Posts 2
  • Votes 1

Investment Info:

Single-family residence fix & flip investment in Gaston.

Purchase price: $52,000
Cash invested: $91,000
Sale price: $119,700

Purchased for $52k
Reno $39k
Sales Price $119,700

Profit - $19,826

1 Vote
Rehabbing & House Flipping

Post: Understanding renovation costs

Scott ThornePosted
  • Flipper/Rehabber
  • Charlotte, NC
  • Posts 2
  • Votes 1

Im a new investor here in Charlotte, NC. Ive looked at a couple of projects and I'm eager to get started. My weakness is understaning renovation costs.

What have you found is the best and quickest way to find this number? Keep in mind I havent worked with a contractor yet. I called a few, but I get the sense they are not in a hurry to help.

Any suggestions would be much appreciated. Thanks in advance. 

0 Votes