How To Make $40,000.00 Flipping A House

In this video, we will be discussing the specifics of a hundred-year-old house rehabbed by a company, including the time frame, the expenses, and the profit earned. The purpose of the article is to show that it is possible to earn a profit from real estate, with specific examples of what the company did well and what didn’t work.

The house rehab began on August 21st, 2018, and the project ended when the house was sold, with the final check received from the title company on March 20th, 2019. It took seven months to complete. The company’s first charge was for dump fees, which they did to remove the previous owner’s contents from the house.

The big picture items for the house rehab included replacing the roof, which had two layers of shingles and cost about eleven thousand dollars, replacing the entire AC system for eight grand, and drywalling about three rooms and repairing the termite damage on 20% of the wall area. They also reconfigured some walls to change the way the interior was laid out.

The company spent about fifty-nine thousand dollars on the job, with a purchase price of ninety thousand, sixty thousand into it. They sold the house for two hundred thousand dollars, which gave them a profit of forty thousand dollars after closing costs. They had to split the profit with their business partner, who provided the money.

The company provided all the labor, construction services, and management, and they fronted the cost of owning the house, which carried all the risk. They carried out the job under a notice of commencement, but the equity of the house backed up their partner’s investment. Percentage-wise, the company had the higher return on their investment.

They spent about 37,000 on materials and some contractors, 17,000 on wages, and 5,000 on payroll tax, payroll costs, and workman’s comp and liability. This brought their total investment to 59,000. The check they received was for 78,992 dollars and 65 cents, which gave them a profit of 19,992 dollars and 65 cents.

The gross percentage return on investment was 39.9 percent, and the annualized return on investment was 58 percent, which is almost double the return on the stock market. The company’s purpose is to earn a profit that they can use to fuel more business activities, and they spent money on videos to show people what’s possible and the nuances of their business.

The company’s videos show the things they did that worked well in the rehab and the things that didn’t work so well. They believe that this information will help people see what’s possible in the real estate market and learn from their successes and failures.

In summary, the rehab of a hundred-year-old house took seven months to complete and cost about 59,000 dollars. The company spent 37,000 on materials, 17,000 on wages, and 5,000 on payroll tax, payroll costs, and workman’s comp and liability. They sold the house for two hundred thousand dollars, which gave them a profit of 19,992 dollars and 65 cents. The annualized return on investment was 58 percent, which is almost double the return on the stock market. The company’s purpose is to earn a profit that they can use to fuel more business activities, and their videos show the things that worked well in the rehab and the things that didn’t work so well.