ilmscore | Flipping a $13,500 crackhouse I bought - Part 2

Flipping a $13,500 crackhouse I bought - Part 2

Published: 2020-06-16
Status: Available | Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
The speaker hopes to install central air for under $2,000.
"We do currently plan on putting central air in here, which I'm hoping to do for under $2,000."
Central Air Installation Cost
Pending
The speaker aims to keep material costs for the renovation under $15,000, excluding their cousin's labor. Profits will be split with the cousin if the property sells.
"I am hoping to keep that under $15,000 with my cousin doing the lion share of the renovation work and then when it sells, if it sells, he gets a profit or we're splitting the um the income off the property. I'm hoping to do that."
Property Renovation Budget
Pending
The speaker's goal is to sell the renovated property for $70,000.
"my goal for this house was to sell it for $70,000."
Property Sale Price
Pending
The speaker's total investment in the property is projected to be $27,000 ($12,000 mortgage + $15,000 renovation, excluding labor).
"I've got $12,000 currently in a mortgage on the property. I'm hoping to spend $15,000 on the renovation on it, excluding my cousin's labor. That would give me a total investment of"
Total Renovation Investment
Pending
The speaker hopes to make a profit of $27,500 on the property.
"We should end up with a profit on the place of $27,500 after it's all said and done. At least that's my hope."
Expected Profit
Pending