Posted by vacationlover on July 23, 2005 at 20:32:56:
Throw out a couple hundred bandit signs and get another one. Lose the partners.
Good luck. 
how much did you profit off your first rehab - Posted by Brandon
Posted by Brandon on July 20, 2005 at 09:11:15:
getting ready to buy my first, just wondering how everybody did on their first job. also any starting tips would be appreciated.
Re: how much did you profit off your first rehab - Posted by IA Jeff
Posted by IA Jeff on July 20, 2005 at 22:08:28:
31k, but I barely got the rehab started, and it turned into a flip.
Re: how much did you profit off your first rehab - Posted by Nancy
Posted by Nancy on July 20, 2005 at 21:55:59:
17K after all cost…
Bought 39K
Rehab 6K in 3 weeks
Sold at 63K using a realto in 7 days
Re: how much did you profit off your first rehab - Posted by Mike (Seattle WA)
Posted by Mike (Seattle WA) on July 20, 2005 at 13:12:49:
12K after taxes Lol. I look at it as getting paid while getting a Million dollar education
Wouldn’t do one that thin again though!
Re: how much did you profit off your first rehab - Posted by arlanj
Posted by arlanj on July 20, 2005 at 10:09:29:
1st flip - $11,000 net on a sale of house for $33K
1st buy & rehab - $10,000 net on sale of house for $35K
Full speed ahead.
Re: how much did you profit off your first rehab - Posted by SteveA (FL)
Posted by SteveA (FL) on July 20, 2005 at 09:26:50:
Jumping the gun a little…I haven’t actually closed yet, but have a contract on my first rehab. I expect to net between $20K and $25K. I have 2 partners, so we’ll have to split 3 ways but I couldn’t have gotten started w/o their financial help.
Good luck!