| $14,000 Profit on Quick Flip | |
In November 2000 I bought a 1065 S.F. 3 bedroom, two bath house for $40K. This was on Thursday. I placed a "fixer-upper" ad in paper to run Sunday, asking 58K. Many people called, and I sent them to look at outside of the house and neighborhood because the owners were still in house. I made an appointment to show the inside to four prospects on Monday at 5PM. On Tuesday two of the people called back, and I sold the house for $54K cash and did double closing. $0 from my pockets, all the cash came from the rehabber, who also paid the closing costs. I made$14,000 cash profit. Roy Gardner, Cash for House Inc.
Editor's Note: Find out how you can do these same kinds of deals with Steve Cook's guidance in: A Real Life Guide to Flipping Homes [Return to Menu] | |