1838 E 34th St
This was my FIRST ever flip. I had just backed out of a wholesale deal due to my inability to find financing. I was scouring the MLS and found a home that had been sitting on the market for a few months and had ZERO offers. I took a look, found a price that made sense for me, and I decided to get an estimate and make an offer (numbers below). I completed this deal in 4 months almost exactly and I walked away with a very nice profit! It wasn't cheap but if you're prepared, it can work out and having a good hard money lender goes a long way. Make sure you check out the video of the finished product!
List Price: $275,000
Purchase Price: $200,000
Rehab Amount: $58,000
Post-Rehab List Price: $325,000
Sold Price: $340,000
104 Earlham St
This flip also was a first of a few things for me. It was my second flip but my first out of state flip as well as my first purchase from a wholesaler. I was hungry and on the hunt for a deal and a friend of mine who's a realtor in Pittsburgh sent me this deal. We took a look, I liked the numbers and we offered and beat out a few others to get it! It was a bit of an experience as I had 2 increases in my budget that ended up being about $10,000 in total added from my original number but thankfully some comps came on the market to support a price higher than I originally anticipated. Sometimes you just get lucky!
Currently I'm in the process of 1 rehab and 3 purchases. My rehab is a 5 unit apartment building on the outskirts of Indiana. 2 of my purchases are Fix and Flips in Pittsburgh, PA. And lastly, I'm in the process of purchasing a new construction home in Florida. I'm always looking at and analyzing deals! If you'd like to pick my brain and come up with a gameplan for you and your investing or becoming a successful real estate agent, book a consultation with me!
*I will be updating this page as projects progress*