
Patrick Menefee
Flip #2 - Belfast Flip

NET PROFIT - $25,247
What do you get when you combine a great wholesaler, an easy to work with hard money lender, and a rent ready house with good bones? A great deal! It needed a new roof and the interior needed to be brought into the 21st century (as did the awful window and patio overhangs), but with some lipstick this turned out to be a beautiful finished product!
PURCHASE DETAILS
List Price: N/A
Purchase Price: $60,000
Closing Date: September 24, 2020
Source of Deal: Wholesaler
Funding Source: Hard Money
Size: 1,050 sqft
Estimated Rehab Time: 4 weeks
Estimated Rehab Cost: $30,000
Estimated ARV: $130,000
Bed/Bath: 3br/1ba
SELLING DETAILS
List Price: $145,000
Sale Price: $141,000
Close Date: January 8, 2021
Total Flip Timeline: 107 days
Actual Rehab Cost: $39,111
BEFORE
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AFTER

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