Mark Gagner

I do maybe only half a dozen fix and flip deals a year.

But there is a decent amount of profit that is made on each one of those.

And so, um, we're constantly looking for those deals.

Yeah, actually I'm selling one right now.

So we bought it for, and this was actually a lower price point property, but we bought it for 400, uh, K, uh, put about a hundred K into it and we're selling it for, uh, close to 700 K. Well, okay.

Uh, not after lending costs and, uh, other costs.

Yeah, probably.

But no, probably typically we net somewhere around a hundred K give or take on a lot of our deals.

Okay.

More on some of the larger ones.

Yeah, well, there were some exterior issues with this property.

It was on a hill, so we were dealing with, uh, retaining wall, uh, issues and drainage issues.

Typically we go into the house itself and remodel kitchens, bathrooms.

In this case, we added a half bath and we, um, changed the location of another bathroom.

We're painting, we're replacing floors, we're replacing windows.

We're pretty much, uh, going in and redoing the whole house, uh,

um in almost every aspect and um and was this a three how many bedrooms how many baths uh this one we created it was a three two and a half it ended up being it was bought as a two two got it got it okay so was adding that additional bedroom and half bath part of why you're able to basically sell it for so much more

That's exactly right.

In fact, to get back to, I think, your initial question is how we found it.

It was actually found on the MLS, which is... That's rare.