House Flip Bought for $120,000 and Selling for $200,000

in realestate •  7 years ago 


You can find a list of all my current fix and flips as well as my recent sold properties here: https://investfourmore.com/flips/

I bought this house for $120,000 from the MLS back in Septemeber. The house had tenants in it, which we had to get out. They had a month to month lease, but were paying very low rent. We offered them $500 to move out and keep the place in good shape and they agreed. You can see the before video after they moved out here:

I had one of my full-time contractors work on this one, which saves me money but takes longer. It was basically one guy doing all of the work on the home. We spent about $30,000 on the rehab which included a new roof, paint, flooring, kitchen, baths, fixtures, and many little things. We have about $15,000 in carrying costs and selling costs as well. We will be listing the house for around $200,000, but we have not come up with an exact price yet.

You can find my book on house flipping here: https://www.amazon.com/Fix-Flip-Your-Financial-Freedom/dp/1517318084/ref=asap_bc?ie=UTF8


▶️ DTube
▶️ IPFS
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

If you sell at list price you net $35k. Not bad at all. Please let us know how it turns out once you sell it.
Best of luck.

Will do!

good work boss

thank you

welcome

Thats a great looking house. inside and out :) $120,00 thats a great price. I have done a few houses myself.

thank you

Your so welcome

what a good deal!!!

This post has received a 3.79 % upvote from @booster thanks to: @investfourmore.

You got a 2.47% upvote from @postpromoter courtesy of @investfourmore!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!