Profit...At What Cost?
Your brand and your reputation are the most important thing to your business. I'd rather be known for fantastic flips and be less profitable
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Patrick Menefee
Flip #7 - Bill Lynch
NET PROFIT - $47,407
I started my SMS campaign the second week of December and less than 2 weeks later had this deal locked up! The project included adding a half bath and was otherwise cosmetic, which means it took only 97 days from purchase to sale! Located in a quiet but growing neighborhood, I landed the deal next door and hope to keep going!
PURCHASE DETAILS
List Price: N/A
Purchase Price: $140,000
Closing Date: February 4, 2021
Source of Deal: SMS
Funding Source: Hard Money
Size: 1,396 sqft
Estimated Rehab Time: 4 weeks
Estimated Rehab Cost: $27,000
Estimated ARV: $205,000
Bed/Bath: 3br/1ba
SELLING DETAILS
List Price: $245,000
Sale Price: $250,000
Close Date: May 11, 2021
Total Flip Timeline: 97 days
Actual Rehab Cost: $33,042
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