The financial world we live in is just as wild, if not more, than the mountains and woods we walk through. We are told that the fundamentals of our economy are strong, but we can feel that something is wrong. My unique financial background and survival passion make Financial Survivalist and excellent place to learn and share.

Tuesday, July 31, 2012

Fayette Project

12:55 PM  ,  2 comments


Description:

I purchased this property with the plan to flip it. I did a full rehab, remodeled the kitchen and bath, finished the basement adding two bedrooms and a bath, painted, carpeted, updated all the windows adding two egress windows, and re-roofed the garage. It took me seven months from closing to closing.

Purchase Price $65,000
Cost of Rehab $28,000
Financing Costs $7,000
Selling Price $127,000
Profit $27,000

Before



After





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