Okay people, let’s get started on Flip #2!
After the success of the last real estate flip I did with my good friend JJ, I decided to tackle another project with him since I had some capital on the sidelines after our last multiunit apartment building sold in May.
You can see the before pictures of this project below.
Here are the details:
Purchase Price: $45,000
Rehab Budget: $15,000
Projected Sale Price: $90,000
Projected Time Frame: 4 months
Investment: $60,000 (Financing Entire Project)
Fixed Return: 22% (Regardless of Time)
Expected Annualized Return (Assuming 4 Months): 66%
Let’s see how it goes!
Here are the before photos: