Fix and Flip Property Case Study Scoreboard

how to find a real estate wholesalerUpdated 9/9/2017

I have completed over 125 flips in my career, and in 2017 have had from 15 to 20 active flips going at one time. I created this page to show the details on my flips including:

  • Purchase price
  • Repairs needed and estimated budget
  • Selling and carrying costs,
  • Estimated profit
  • How I bought the property
  • When I bought the property
  • How long I think it will take to complete the repairs and sell

I started keeping track of my properties at the beginning of 2017, so any properties that sold before then are not included on this page. So far in 2017, I have sold 20 flips and bought 19 (8/31/17).

If you want to learn how I find, manage, and profit from flips, check out:

  1. My Course: Fix and Flip Video Training Course (get 25 percent off for a limited time using coupon code flip25)
  2. My Book: Fix and Flip Your Way to Financial Freedom
  3. Facebook Group for finding deals. email me for more information. [email protected]

Before and After Videos

You can see the full list of before and after videos for my flips on the YouTube Channel here >>

Flip 1:

Status: Sold

  • Purchased For: $535,339
  • Purchased On: 12/8/16
  • Purchased From: MLS
  • Description: 6,000 sqft, 3-car garage
  • Major Changes: New windows, new paint, new flooring
  • Work Completed: 9/12/16, but pulled off the market and more work completed 12/10/16
  • After-Repair Value: $849,900, Sold for $802,000
  • Estimated Carrying Costs: $60,000
  • Estimated Repair Costs: $30,000
  • Estimate Selling Costs: $30,000
  • Estimated Profit: $180,000, Actual profit $133,000
  • Notes: This home had a tenant occupying it when I purchased the property. The tenant had a long-term lease and did not want to leave. We ended up paying her a hefty sum to vacate the home and terminate her lease. I did a podcast on the property here.
  • Here is a full article on the property with before and after videos.

Flip 2.

Status: Sold

Flip 3.

Status: SOLD

  • Purchased For: $142,250
  • Sold For: $191,000
  • Purchased On: 7/1/16
  • Sold On: 3/29/2017
  • Purchased From: MLS
  • Description: 2 bed, 1 bath. Could be 4 bed, 2 bath with 2 units.
  • Major Changes: Needs roof, siding, kitchen, baths, flooring, paint, drywall, electric, plumbing
  • Work Complete Target: 2/28/17
  • After-Repair Value: $310,000
  • Estimated Carrying and Selling Costs: $17,000
  • Estimated Repair Costs: $80,000 ( I ended up only replacing the roof and gutting the home when another investor bought it from me).
  • Actual Rehab Amount: $12,000
  • Estimated Profit: $60,000
  • Actual Profit: $25,000 due to selling it before the rehab was complete
  • Before Video Here: https://youtu.be/Hq57sYxEl8w?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3

Flip 4.

Status: SOLD

Flip 5.

Status: Sold

Flip 6.

Sold

Flip 7.

Status: Sold

Flip 8.

Status: SOLD

  • Purchased For: $175,000
  • Sold For: $215,000
  • Purchased On: 9/30/16
  • Sold on 4/10/2017
  • Purchased From: MLS
  • Description: 4 bed, 1 bath, big garage, other outbuildings 3 acres
  • Major Changes: Needs everything!
  • Work Complete Target: 3/15/17
  • After-Repair Value: $350,000+
  • Estimated Carrying and selling Costs: $19,000
  • Estimated Repair Costs: $100,000
  • Estimated Profit: $56,000
  • Actual Profit: $25,000, because I sold the property without making any repairs
  • Video Here: https://youtu.be/G1l0pl_2y0c?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3

Flip 9.

Status: Sold

Flip 10.

Status: Sold

Flip 11.

Status: Sold

  • Purchased For: $130,000
  • Purchased On: 11/15/16
  • Purchased From: MLS
  • Description: 3 bed 1 bath, 1 car garage, unfinished basement
  • Major Changes: Decent shape, foundation work
  • Work Complete Target: 2/25/17, actually completed 3/6/17
  • After-Repair Value: $220,000, listed for $239,900 (higher price due to finishing basement)
  • Sold for $248,000 (we had four offers and all of them over asking price)
  • Estimated Carrying and Selling Costs: $20,000
  • Estimated Repair Costs: $50,000
  • Actual Repair costs: $52,000
  • Estimated Profit: $39,000
  • Actual Profit $46,000
  • Actual Profit
  • Before Video Here: https://youtu.be/3TDIFYAH0dA?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3
  • After Video Here: https://youtu.be/2C-jptq4xyM?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3

Flip 12.

Status: Sold

  • Purchased For: $170,000
  • Listed for $277,900
  • Purchased on: 11/14/16
  • Sold for $280,000 on: 7/11/2017
  • Purchased From: MLS
  • Description: 3 bed, 1 bath. 2 car detached garage (might be a 4 bed 2 bath when done)
  • Major Changes: Okay shape, needs roof, updates, paint
  • Work Complete Target: 2/25/17
  • After-Repair Value: $260,000
  • Estimated Carrying and Selling Costs: $20,000
  • Estimated Repair Costs: $35,000
  • Actual Repair Costs: $42,000
  • Estimated Profit: $35,000
  • Actual Profit: $48,000
  • Before Video Here: https://youtu.be/YDb_5PNi3y0?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3
  • After Video Here: https://youtu.be/MQ8SCot_Xjg

Flip 13.

Status: Sold

  • Purchased For: $175,000
  • Listed for: $299,900
  • Sold for: $280,000
  • Purchased On: 11/28/16
  • Sold on 7/7/2017
  • Purchased From: Wholesale
  • Description: 3 bed, 1 bath, 1 car garage, will be a 3 bed, 2 bath
  • Major Changes: Needs electric, roof, paint, flooring
  • Work Complete Target: 5/1/17
  • After-Repair Value: $275,000
  • Estimated Carrying and Selling Costs: $20,000
  • Estimated Repair Costs: $30,000
  • Actual Repair Costs: $35,000
  • Estimated Profit: $50,000
  • Actual Profit: $50,000
  • Before Video Here: https://youtu.be/Pef2dW3Q4mA?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3
  • After Video Here: https://youtu.be/yuAoAN3JlzI

Flip 14.

Status: Sold

Flip 15.

Status: Sold

  • Purchased For: $155,995
  • Purchased On: 12/15/16
  • Listed for $239,900
  • Sold for $239,900 on 8/21/2017
  • Purchased From: Wholesaler
  • Description: Duplex 4 bed 2 bath, 700 sqft shop/garage. Currently has tenants renting for $900/month.
  • Major Changes: Vacate tenants, needs garage work and cosmetics
  • Work Complete Target: 4/15/2017
  • After-Repair Value: $210,000
  • Estimated Carrying and Selling Costs: $12,000
  • Estimated Repair Costs: $15,000
  • Actual repairs: $30,000
  • Estimated Profit: $27,000
  • Actual profit: $$25,000 after higher carrying and selling costs
  • Before the repair Video: https://youtu.be/5ZEaPfX1rsE
  • After the Repairs Video: https://youtu.be/9nXG-C43SEw

Flip 16.

Status: IN REPAIR

  • Purchased For: $85,000
  • Purchased On: 12/22/16
  • Purchased From: Wholesale
  • Description: 2 bed, 1 bath, 2 garages rough shape, .9 acres
  • Major Changes: Needs paint, roof, HVAC, and garage work
  • Work Complete Target: 5/1/2017
  • After-Repair Value: $210,000
  • Estimated Carrying and Selling Costs: $18,000
  • Estimated Repair Costs: $50,000
  • Estimated Profit: $57,000
  • Video Here: https://youtu.be/MU1D6FSY6d8?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3

Flip 17

Status: Sold

Fix and Flip 17

  • Purchased For: $183,000
  • Sold for $279,900
  • Purchased On: 2/17/17
  • Sold on 6/23/2017
  • Purchased From: MLS
  • Description: 2 units, 5 bed, 3 bath up and 1 bed, 1 bath down with 2 car detached garage
  • Major Changes: Needs paint, flooring, roof, HVAC
  • Work Complete Target: 4/1/2017
  • Work Complete: 5/17/2017 (had to redo floors and fix flooding problems)
  • After-Repair Value: $250,000 plus
  • Listed for: $279,900
  • Estimated Carrying and selling Costs: $18,000
  • Estimated Repair Costs: $25,000
  • Actual Repairs: $40,000 due to water problems in basement
  • Estimated Profit: $24,000
  • Actual Profit: $31,000
  • Before Video Here: https://youtu.be/_Q7S_NqT_8U?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3
  • After Video Here: https://youtu.be/GVJqO4edbqE?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3

Flip 18

Sold

fix and flip number 18

  • Purchased For: $100,000
  • Purchased On: 2/22/17
  • Listed for $199,900
  • Sold for $197,000 on 8/31/17
  • Purchased From: Wholesaler
  • Description: 2 bed, 1 bath, 1 car garage
  • Major Changes: Needs paint, flooring, electric, plumbing, etc
  • Work Complete Target: 6/1/2017
  • After-Repair Value: $190,000
  • Estimated Carrying and selling Costs: $15,000
  • Estimated Repair Costs: $30,000
  • Actual Repair Costs: $35,000
  • Estimated Profit: $45,000
  • Actual profit: $47,000
  • Video Here: https://youtu.be/lUjQ-qwHCo0?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3
  • After Video Here: https://youtu.be/cSDEdW4iN-c

Flip 19

Status: Sold

fix and flip

  • Purchased For: $197,000
  • Purchased On: 3/8/17
  • Sold For: $269,900 on 7/17/2017
  • Purchased From: Wholesaler
  • Description: 3 bed, 1 bath
  • Major Changes: Needs paint, flooring, landscaping
  • Work Complete Target: 4/15/2017
  • Work Complete: 5/12/2017
  • After-Repair Value: $290,000 Listed for $289,900
  • Estimated Carrying and selling Costs: $25,000
  • Estimated Repair Costs: $20,000
  • Actual Repair Costs: $18,000 (plus $13,000 for sewer line after buyer inspection)
  • Estimated Profit: $48,000
  • Actual Profit: $16,900
  • Before Video Here: https://youtu.be/dT0m61GwNLs?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3
  • After Video Here: https://youtu.be/6Y14ngF6JCw

Flip 20

Status: Repairs in Progress

fix and flip

  • Purchased For: $230,000
  • Purchased On: 3/15/2017
  • Purchased From: Wholesaler
  • Description: 3 bed, 2 bath, 2 car garage, 4 acres
  • Major Changes: Needs paint, flooring, roof, cleanup, etc
  • Work Complete Target: 6/15/17
  • After-Repair Value: $350,000
  • Estimated Carrying and selling Costs: $30,000
  • Estimated Repair Costs: $35,000
  • Estimated Profit: $55,000
  • Before video: https://youtu.be/p3zd4JblWFk

Flip 21

Status: Repairs in progress

fix and flip

  • Purchased For: $173,000
  • Purchased On: 3/15/2017
  • Purchased From: Wholesaler
  • Description: 3 bed, 1 bath, 4 car garge, .5 acre
  • Major Changes: Needs paint, flooring, HVAC, basement finish, et
  • Work Complete Target: 6/1/2017
  • After-Repair Value: $280,000 to $320,000 (depending on purchase of neighbors lot)
  • Estimated Carrying and selling Costs: $25,000
  • Estimated Repair Costs: $50,000
  • Estimated Profit: $32,000 to $72,000
  • Before Video Here: https://youtu.be/mjX-rrU_gMU

Flip 22

Status: Sold

fix and flip 22

  • Purchased For: $143,000
  • Listed for $219,900
  • Purchased On: 3/29/2017
  • Sold for $250,000 on 7/12/2017
  • Purchased From: Wholesaler
  • Description: 3 bed, 2 bath, 2 car garage
  • Major Changes: Needs paint, flooring, roof and updated
  • Work Complete Target: 6/1/2017
  • Work Done: 5/18/2017
  • After-Repair Value: $230,000
  • Listing for $219,900 because we did not do a full rehab
  • Estimated Carrying and selling Costs: $17,000
  • Estimated Repair Costs: $40,000 for full rehab
  • Actual Repair Costs: $20,000 because we just did enough for financing (plus $8,000 for sewer line)
  • Estimated Profit: $30,000 (now $40,000)
  • Actual Profit: $62,000
  • Before Video Here: https://youtu.be/mjX-rrU_gMU
  • After Video Here: https://youtu.be/-Ym6xQojDUI

Flip 23

Status: Sold

Fix and flip case study

  • Purchased For: $92,000
  • Listed for $169,900
  • Sold for $169,900 on 7/21/2017
  • Purchased On: 4/26/2017
  • Purchased From: Wholesaler
  • Description: 3 bed, 2 bath, manufactured home
  • Major Changes: Needs paint, flooring, and kitchen
  • Work Complete Target: 5/20/2017
  • After-Repair Value: $160,000
  • Estimated Carrying and selling Costs: $14,000
  • Estimated Repair Costs: $15,000 for full rehab
  • Actual repair costs: $18,000
  • Estimated Profit: $38,000
  • Actual Profit:  $45,900
  • Before Video Here: https://youtu.be/mjX-rrU_gMU
  • After Video Here: https://youtu.be/EFVSEBaHtyw

Flip 24

Status: Repairs in progress

fix and flip before

  • Purchased For: $145,000
  • Purchased On: 5/10/2017
  • Purchased From: MLS Short Sale
  • Description: 3 bed, 2 bath, 2 car garage
  • Major Changes: Needs paint, flooring, roof, HVAC, baths, and kitchen
  • Work Complete Target: 7/15/2017
  • After-Repair Value: $225,000
  • Estimated Carrying and selling Costs: $18,000
  • Estimated Repair Costs: $35,000 for full rehab
  • Estimated Profit: $27,000
  • Before Video Here: https://youtu.be/kKwqF5LMPko

Flip 25

Status: Repairs in Progress

fix and flip before

  • Purchased For: $125,000
  • Purchased On: 5/12/2017
  • Purchased From: MLS
  • Description: 2 bed, 1 bath, 3 car garage, and almost 1 acre
  • Major Changes: Needs paint, flooring, windows, electric, and kitchen
  • Work Complete Target: 7/30/2017
  • After-Repair Value: $220,000
  • Estimated Carrying and selling Costs: $19,000
  • Estimated Repair Costs: $40,000 for full rehab
  • Estimated Profit: $26,000
  • Before Video Here: https://youtu.be/BvJQpvyoOAE

Flip 26

Status: Repairs in progress

Fix and Flip House

  • Purchased For: $140,000
  • Purchased On: 5/12/2017
  • Purchased From: Off market
  • Description: 3 bed, 1 bath, 1 car garage
  • Major Changes: Needs paint, flooring, windows, baths, and kitchen
  • Work Complete Target: 7/30/2017
  • After-Repair Value: $225,000
  • Estimated Carrying and selling Costs: $18,000
  • Estimated Repair Costs: $38,000 for full rehab
  • Estimated Profit: $29,000
  • Before Video Here: https://youtu.be/5ws9zzlnxGA
  • Progress Video: https://youtu.be/6-1zlWPo1Ow

Flip 27

Status: Listed

Fix and flip number 20

  • Purchased For: $169,000
  • Purchased On: 5/17/2017
  • Listed on 8/22/2017 for $289,900
  • Purchased From: Wholesaler
  • Description: 3 bed, 1 bath, 1 car garage
  • Major Changes: Needs paint, flooring, windows
  • Work Complete Target: 7/30/2017
  • After-Repair Value: $265,000
  • Estimated Carrying and selling Costs: $20,000
  • Estimated Repair Costs: $20,000
  • Estimated Profit: $56,000
  • Before Video Here: https://youtu.be/wuDKW5mtLVo

Flip 28

Status: Repairs in Progress

fix and flip case study

  • Purchased For: $133,000
  • Purchased On: 7/5/2017
  • Purchased From: Foreclosure Sale
  • Description: 2 bed, 1 bath, 2 car garage
  • Major Changes: Needs paint, flooring, windows, and a lot more!
  • Work Complete Target: 10/30/2017
  • After-Repair Value: $225,000
  • Estimated Carrying and selling Costs: $18,000
  • Estimated Repair Costs: $40,000
  • Estimated Profit: $34,000
  • Before Video Here: https://youtu.be/BCk0RLoPqJk

Flip 29

Status: Repairs started

fix and flip in the country

Flip 30

Status: Repairs in progress

country flip on 1 acre

  • Purchased For: $155,000
  • Purchased On: 7/19/2017
  • Purchased From: Off Market
  • Description: 3 bed, 2 bath, 2 car garage, 1 acres
  • Major Changes: Needs paint, flooring,
  • Work Complete Target: 10/15/2017
  • After-Repair Value: $250,000
  • Estimated Carrying and selling Costs: $20,000
  • Estimated Repair Costs: $15,000
  • Estimated Profit: $60,000
  • Before Video Here: https://www.youtube.com/watch?v=LRVpl0C6KIM

Flip 31

Status: repairs in progress

fix and flip from direct marketing

  • Purchased For: $120,000
  • Purchased On: 7/27/2017
  • Purchased From: Direct Marketing
  • Description: 2 bed, 1 bath, 1 car garage
  • Major Changes: Needs paint, flooring, kitchen
  • Work Complete Target: 8/30/2017
  • After-Repair Value: $185,000
  • Estimated Carrying and selling Costs: $15,000
  • Estimated Repair Costs: $20,000
  • Estimated Profit: $30,000
  • Before Video Here: https://youtu.be/k4348i0kdJE

Flip 32

Status: just purchased

fix and flip

  • Purchased For: $185,000
  • Purchased On: 8/18/2017
  • Purchased From: MLS
  • Description: 3 bed, 1 bath, 1 car garage
  • Major Changes: Needs paint, kitchen, possible attic finish
  • Work Complete Target: 10/15/2017
  • After-Repair Value: $250,000 plus
  • Estimated Carrying and selling Costs: $15,000
  • Estimated Repair Costs: $20,000
  • Estimated Profit: $40,000
  • Before Video Here: https://www.youtube.com/watch?v=7jMglTLoom0

Flip 33

Status: just purchased

fix and flip

  • Purchased For: $178,000
  • Purchased On: 8/21/2017
  • Purchased From: MLS
  • Description: 3 bed, 2 bath, 2 car garage
  • Major Changes: Needs paint, kitchen, flooring, drywall, electrical, plumbing
  • Work Complete Target: 11/15/2017
  • After-Repair Value: $275,000 plus
  • Estimated Carrying and selling Costs: $15,000
  • Estimated Repair Costs: $45,000
  • Estimated Profit: $37,000
  • Before Video Here: https://www.youtube.com/watch?v=we-hAr9ssdY

Flip 34

Status: Repairs in progress

Flip

  • Purchased For: $210,000
  • Purchased On: 8/21/2017
  • Purchased From: Direct marketing
  • Description: 5 bed, 3 bath, 2 car garage
  • Major Changes: minor cosmetic
  • Work Complete Target: 9/15/2017
  • After-Repair Value: $270,000 plus
  • Estimated Carrying and selling Costs: $15,000
  • Estimated Repair Costs: $5,000
  • Estimated Profit: $40,000
  • Before Video Here: https://youtu.be/Q5mUYPujmZA

Flip 35

Status: Repairs in Progress

fix and flip

  • Purchased For: $110,000
  • Purchased On: 8/23/2017
  • Purchased From: MLS
  • Description: 2 bed, 1 bath, 1 car garage
  • Major Changes: paint, carpet, kitchen, bath, more….
  • Work Complete Target: 11/15/2017
  • After-Repair Value: $200,000 plus
  • Estimated Carrying and selling Costs: $15,000
  • Estimated Repair Costs: $40,000
  • Estimated Profit: $35,000
  • Before Video Here: https://youtu.be/cWbAaJ38dMg

Flip 36

Status: Occupied

low end flip

  • Purchased For: $120,000
  • Purchased On: 9/1/2017
  • Purchased From: MLS
  • Description: 2 bed, 1 bath, 2 car garage
  • Major Changes: paint, carpet, kitchen, bath,
  • Work Complete Target: 12/15/2017
  • After-Repair Value: 190,000
  • Estimated Carrying and selling Costs: $15,000
  • Estimated Repair Costs: $20,000
  • Estimated Profit: $45,000
  • Before Video Here: Coming soon

Flip 37

Status: Occupied

low end flip

  • Purchased For: $80,000
  • Purchased On: 9/5/2017
  • Purchased From: MLS
  • Description: 1 bed, 1 bath, but will be a 2 bed
  • Major Changes: paint, carpet, adding a second bedroom
  • Work Complete Target: 12/15/2017
  • After-Repair Value: $165,000
  • Estimated Carrying and selling Costs: $15,000
  • Estimated Repair Costs: $30,000
  • Estimated Profit: $40,000
  • Before Video Here:

To help others learn how to flip like I do, I created a fix and flip course that teaches everything I do

  • How to find deals
  • How to repair houses
  • How to finance flips
  • How to sell flips
  • How to flip multiple houses at once
  • How to estimate costs and know what a good flip is
  • Much more

You can check it out here.