It’s finally finished! Our Stony Creek house flip took about a month longer than expected, but we listed it last weekend and accepted an offer 4 days later! We listed the house at $215,000, which was a little high for the neighborhood. Because of the holidays and price per square foot comps, we accepted an offer for $211,000! Here’s a breakdown of the numbers:
Purchase Price: $144,000
Renovation Budget: $17,000 ($2,000 OVER)
Total: $161,000
Sales Price: $211,000
Net Profit(After Closing Costs): $33,000
We go more in detail in the video @ 4:00
Overall we are pretty happy with how this all turned out! The home renovation process is a stressful one, but it is so rewarding to see the results! Flipping houses isn’t rocket science, but there is definitely lots to learn and mental barriers to overcome. We hope this video series inspires you to try your own house flip or get started in real estate investing. You will be glad you did!
#houseflip #houseflipping #realestateinvesting
Stony Creek Playlist: https://www.youtube.com/playlist?list=PL-DxGggo9JMLYUDkDAPc8HfwrfGOrddL7
First Walk Through: https://youtu.be/hgTENA5Kyk8
Demo Day: https://youtu.be/rN0ieXBvQuc
How We Saved Money: https://youtu.be/B8x14GWB7Jo
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