Fix and Flip Property Case Study Scoreboard

how to find a real estate wholesalerI have completed over 100 flips in my career, and in 2017 have had from 15 to 19 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.

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

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: For sale and under contract

Flip 3.

Status: IN REPAIR (UNDER CONTRACT TO SELL BEFORE COMPLETED)

  • Purchased For: $142,250
  • Purchased On: 7/1/16
  • 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
  • After-Repair Value:
  • Work Complete Target: 2/28/17
  • After-Repair Value: $310,000
  • Estimated Carrying and Selling Costs: $17,000
  • Estimated Repair Costs: $80,000
  • Estimated Profit: $60,000
  • Before Video Here: https://youtu.be/Hq57sYxEl8w?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3

Flip 4.

Status: For sale and under contract

  • Purchased For: $140,250
  • Purchased On: 7/25/16
  • Purchased From: MLS
  • Description: 1 bed, 1 bath (will be 2 bed, 2 bath), 2 car garage
  • Major Changes: Needs new bath and bedrooms, flooring, paint
  • Work Complete Target: 1/15/17, actual complete 2/20/17
  • After-Repair Value: $215,000, listed for $224,900
  • Estimated Carrying and Selling Costs: $14,000
  • Estimated Repair Costs: $30,000
  • Estimated Profit: $31,000
  • Before Video Here: https://youtu.be/6n0yilklMvg?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3
  • After Video Here: https://youtu.be/nDpW6NRKupk?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3

Flip 5.

Status: Sold

  • Purchased For: $114,000
  • Purchased On: 8/5/16
  • Purchased From: MLS
  • Description: 3 bed, 1 bath, huge patio that will become a garage, two lots
  • Major Changes: Needs paint, garage conversion, flooring
  • Work Complete Target: 11/30/16
  • After-Repair Value: $220,000, Sold for $229,000
  • Estimated Carrying and Selling Costs: $14,000
  • Estimated Repair Costs: $32,000
  • Estimated Profit: $60,000
  • Before Video Here: https://youtu.be/Pj62rPxAZjY?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3 
  • After Video Here: https://youtu.be/VDDbbye_p_Y?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3

Flip 6.

In REPAIR

  • Purchased For: $55,950
  • Purchased On: 8/17/16
  • Purchased From: Wholesale
  • Description: 2 bed 1 bath, 1 car, will be 4 bed 2 bath
  • Major Changes: Full rehab
  • Work Complete Target: 2/20/17
  • After-Repair Value: $175,000
  • Estimated Carrying and Selling Costs: $10,000
  • Estimated Repair Costs: $85,000
  • Estimated Profit: $26,000
  • Video Here: https://youtu.be/vWT70_1aMOw?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3

Flip 7.

Status: IN REPAIR

  • Purchased For: $110,000
  • Purchased On: 9/8/16
  • Purchased From: Public Trustee Sale
  • Description: 2 unit 3 bed 2 bath, 1-car detached
  • Major Changes: Remove tenant
  • Work Complete Target: 2/6/17
  • After-Repair Value: $200,000
  • Estimated Carrying and Selling Costs: $12,000
  • Estimated Repair Costs: $30,000
  • Estimated Profit: $48,000
  • Video Here: https://youtu.be/ExQOi24n7sQ?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3

Flip 8.

Status: IN REPAIR (under contract before repairs started)

  • Purchased For: $175,000
  • Purchased On: 9/30/16
  • 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
  • Video Here: https://youtu.be/G1l0pl_2y0c?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3

Flip 9.

Status: FOR SALE

Flip 10.

Status: IN REPAIR

  • Purchased For: $110,000
  • Purchased On: 11/9/16
  • Purchased From: MLS
  • Description: 2 bed, 1 bath, will be 3 bed, 1 car detached
  • Major Changes: New kitchen, new flooring, paint, bath, basement work
  • Work Complete Target: 1/30/17
  • After-Repair Value: $200,000
  • Estimated Carrying and Selling Costs: $18,000
  • Estimated Repair Costs: $45,000
  • Estimated Profit: $27,000
  • Video Here: https://youtu.be/7R1JZMXTJBk?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3

Flip 11.

Status: For Sale and under contract

Flip 12.

Status: IN REPAIR

  • Purchased For: $170,000
  • Purchased On: 11/14/16
  • 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
  • Estimated Profit: $35,000
  • Video Here: https://youtu.be/YDb_5PNi3y0?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3

Flip 13.

Status: IN REPAIR

  • Purchased For: $175,000
  • Purchased On: 11/28/16
  • 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
  • Estimated Profit: $50,000
  • Video Here: https://youtu.be/Pef2dW3Q4mA?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3

Flip 14.

Status: IN REPAIR

  • Purchased For: $85,000
  • Purchased On: 12/1/16
  • Purchased From: MLS
  • Description: 2 bed 1 bath, will be 3 bed
  • Major Changes: Needs flooring, paint, kitchen
  • Work Complete Target: 3/15/2017
  • After-Repair Value: $180,000
  • Estimated Carrying and Selling Costs: $15,000
  • Estimated Repair Costs: $25,000
  • Estimated Profit: $62,000
  • Video Here: https://youtu.be/d1w8OYl5wyE?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3

Flip 15.

Status: IN REPAIR

  • Purchased For: $155,995
  • Purchased On: 12/15/16
  • Purchased From: Wholesale
  • 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
  • Estimated Profit: $27,000
  • Video coming soon. Home is currently rented.

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: Repairs in progress

Fix and Flip 17

  • Purchased For: $183,000
  • Purchased On: 2/17/17
  • 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
  • After-Repair Value: $250,000 plus
  • Estimated Carrying and selling Costs: $18,000
  • Estimated Repair Costs: $25,000
  • Estimated Profit: $24,000
  • Video Here: https://youtu.be/_Q7S_NqT_8U?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3

Flip 18

Status: Repairs in Progress

fix and flip number 18

  • Purchased For: $100,000
  • Purchased On: 2/22/17
  • Purchased From: Wholesaler
  • Description: 2 bed, 1 bath, 1 car garge
  • 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
  • Estimated Profit: $45,000
  • Video Here: https://youtu.be/lUjQ-qwHCo0?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3

Flip 19

Status: Just Purchased

fix and flip

  • Purchased For: $197,000
  • Purchased On: 3/8/17
  • Purchased From: Wholesaler
  • Description: 3 bed, 1 bath
  • Major Changes: Needs paint, flooring, landscaping
  • Work Complete Target: 4/15/2017
  • After-Repair Value: $290,000
  • Estimated Carrying and selling Costs: $25,000
  • Estimated Repair Costs: $20,000
  • Estimated Profit: $48,000
  • Videos Here: https://youtu.be/dT0m61GwNLs?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3

Status: Just Purchased (rented back to sellers for one month)

fix and flip

  • Purchased For: $230,000
  • Purchased On: 3/15/2017
  • Purchased From: Wholesaler
  • Description: 3 bed, 2 bath, 2 car garge, 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

Flip 21

Status: Just purchased

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

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.