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55k Profit on our recent FLIP in under 5 months! Check out the before and after pics!

By Heaton Dainard

Services for Real Estate Pros with Heaton Dainard

December 28, 2011 09:53 AM

Hi Active Rain Community! I wanted to share some of our recent flips with you.
This was a split-level home purchased by an investor in Bothell, Washington. Our team helped them acquire the property, finance it, flip it and sell it.

What happened...

·Acquisition Price: $170,000

·Actual Fix up: $65,000

·Selling Cost: $25,200

·Sale Price: $315,000

Net Profit: $54,800!

·Time Spent: 6 Months

Click here for pictures of the whole project and let us know what you think of the rehab:

https://picasaweb.google.com/112506832239218751378/BothellSplitLevel

Check out our website: www.heatondainard.com

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Cindy Jones

Integrity Real Estate Group - Woodbridge, VA

Pentagon, Fort Belvoir & Quantico Real Estate News

Did you have any carrying costs for the 6 months? I'm in the middle of my 3rd rehab project with a client and we try to finish them in 30-45 days to reduce our carrying costs.

Dec 28, 2011 09:57 AM

Adrian Willanger

206 909-7536 AdrianWillanger-broker.com - Seattle, WA

Profit from my two decades of experience

Heaton-very nice job, just goes to show you can still make money in this market if you know what you're doing.

Best

Dec 28, 2011 10:02 AM

Amie Larsen

Deluxe Utah Real Estate - Salt Lake City, UT

Amie Larsen and The Lar Team

That's terriffic! Have you done any properties in Utah?

Dec 28, 2011 10:48 AM

Heaton Dainard

Heaton Dainard - Bellevue, WA

Hi Amie, we focus mainly on Washington state! I'll be updating weekly so subscribe and you can see more of our flips!

Dec 29, 2011 05:46 AM

Hi Cindy,

This investor paid all cash – so the carrying costs were minimal ie. Insurance, utilities and property taxes – $1500-$2000 total

Dec 29, 2011 05:49 AM

55k Profit on our recent FLIP in under 5 months! Check out the before and after pics!

Comments(5)

Heaton Dainard

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