Made over $93000 in profit for this property, which I owned for just 44 days in 2008.
Reader Josh Cantwell sent in this fix and flip deal he did more recently in Ohio:
1171 Gardner Blvd Norton Ohio 44203
4 Bed 2 bath 1639 Sq ft, 1 car garage, Built in 1951, 3/4th of acre lot
Lead Source: MLS
Purchase Date March 2013
Seller: Bank Of America, REO ASSET, Bank owned foreclosure
Original List Price $84,900 (what bank wanted)
Purchase Price $56,905 (what we paid)
Improvements $25,000 (improvement schedule 11 weeks)
Total Investment $81,905
Private Money Partner $87,000 (I didn’t use any of my own money)
Cash in Pocket Up Front $4,000
List Price $144,900
Gross Profit Projected $62,995
Sold Price $132,000
ACTUAL Profit $38,760
Any other readers care to share their real estate investment success stories?
Happy Investing!
