In this video Steve Ram went over how he got this deal, how long it took, all expenses, and how much he made net profit!
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Steve Ram bought this deal for $200,000 and and got a hard money loan for $217,000. The renovation for this house flip was $34,000 so steve had to come up with the remaining difference to complete the deal. With interest rates rising, Steve new he had to act quick. He was able to get a contractor to finish the job within 30 days. Steve listed the home at $299,999 and within 48 hours he had a full cash offer. After all expenses paid, Steve walked away with $24,000 in net profit.
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