Tampa Flip on Double Lot
Tampa Flip on Double Lot
This three-bedroom, one bathroom wood frame single family home in the Tampa area was in need of updating as well as some junk removal and yard maintenance in the backyard. Our investor purchased this property through EquityPro for $99,900. He completely revamped the interior of this property, removed all the junk from the yard, and spruced up the backyard to make it a more inviting space. The total cost of the renovation was $45,000, which was higher than EquityPro's initial rehab projection of $30,100. However, our investor decided to increase his rehab budget to make this property stand out, and his decision paid off as he was generously able to increase the sales price. He had an additional $23,000 in closing costs, commissions, and utilities. After only 10 days on the market, this property sold for $269,000, generating a $101,100 profit. What a success for our investor!