Another House Flip is Finished and Ready To Sell
I bought this house for $170,000 back in October. The house is finished and ready to sell. We will be asking over $250,000, but I am not sure on an exact price yet. We spent about $35,000 on the repairs and have about $15,000 in carrying costs and selling costs. I also made a commission when I bought the house since I am an agent.
We replaced the roof, flooring, paint, kitchen, fixtures, bath, doors, and made many other minor repairs. This is the first house we will be listing this year. I sold 26 flips last year and my goal is to sell 36 this year. I will have about 10 more flips coming up for sale in the next month or so!
You can read all about my active flips and see more videos here: https://investfourmore.com/flips/
You can see the before video of this house below:
You're a brave man! I sold off most of my properties a while back. If the 10 year treasury keeps rising it may have an impact on property sales due to the rising rates but from the looks of things the market is still moving right along. Good luck over there
Thank you, I have been doing this for about 16 years through good and bad markets. You always have to be careful!
Are your carrying costs going up? It seems like selling prices should be going down.
Selling prices are not going down by any means!
They should if rates spike shouldn't they?
No, there are way too many other variables. https://investfourmore.com/2017/06/05/will-another-housing-market-crash/
If things start to change let us know! :)
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