Dave Clabeaux – An Incredible Flip

This is why I get so excited about real estate: deals like this one!

This is an extremely inexpensive flip with big profit margins. The asking price is just $3,000.

That is not an auction starting bid: that is the actual asking price.

Let’s take a look at this property:
418 W First Street, Sawando, WI

This is a 3 bedroom, 1 bathroom home with a detached 2 car garage. As you can see, it will need a full rehab, but since the asking price is just $3,000, that would essentially be your only cost.

Now for the exciting part: let’s look at the numbers:

Purchase Price: $3,000
Rehab costs: $30,000
ARV quick sale price: $59,000

Total profit: $26,000

This is the perfect type of flip for a first time rehabber. The cost is low, and the relative profits are high.

And best of all, if you get a Home Depot credit card, you can float most of the costs of your materials.

In other words, if you can come up with the $3,000 purchase price, you stand to make $26,000 in
profit.

Does this get you excited? I sure hope it does!

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