I did my second flipping in 2018. After doing the first in 2017 and maid seventh two hundred fifty dollars ($ 67,250) that is a urge profit. During that period, I did not have any experience at all. This was my first experience. I am telling myself if I can do the first one instead of making a lost I made a really great profit; why not to continue doing it to build my flipping machine in real estate. I went again on the real estate market, looking for another piece of property, bought it, fix it, flip it, and made another urge profit.

LAPEVA INVESTMENTS LLC

INCOME STATEMENT

Second Property Flipping

SALES PRICE        ——————————————————————    $ 265000.00

PURCHASE PRICE     ————————-$ 85,000.00

CLOSING COSTS    —————————-   17,000.00

FIX UP                  ———————————60,000.00   

 TOTAL COST           ————————————————————— $(162000.00)

                                                                                                                      ———————

NET PROFIT            —————————————– ———————–$103,000.00

PROFIT RATION ————————–103000/162000=63.58%

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