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Near Completion

June 6, 2007

Hey guys,

Just wanted to give you an update on the renovation as we are nearing completion, just a tad over my projected completion. Anyway, thought you’d like to see the pics from this deal. Still, a little landscaping and some final touch ups, then we’ll be ready to flip it and get paid.

I initially projected this rehab to run into the ball park of $25K, however I went over about $10K. Even though, I ran into some issues that was completely unexpected, I still have a profit margin of around 20%. I’m listing the house at $117K and expect it to sell fairly fast as the neighborhood has really been buzzing about the renovation and about how fast my crew got it done. Once everything is finished and I have time, I’ll put a little slideshow together for you to see all the before and after pics.

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