Completed projects

Over 80 flips completed. Here are some of them.

Eight years and more than eighty completed residential projects, from cosmetic remodels to full structural renovations with major additions. The selection below is a sample with the numbers attached — purchase, renovation cost, and exit on each one, with before and after photography on every project. Open any line for the full figures.

These figures cover only the projects shown on this page. They are a sample of more than eighty completed projects, not portfolio totals, and not a full record of the business.

Projects on this page 11

Capital deployed (these only) $13.28M

Gross exit value $16.56M

Gross spread $3.28M

Gross return on basis 25%

Average hold 6.3 mo

All spread figures on this page are gross. Commissions, closing costs, holding costs, and financing are not deducted. Net proceeds on each project are lower, and by how much depends on how the deal was financed and sold. I will walk through the full net accounting on any project with a serious investor.

Completed

Hold period7 months

All-in basis$915,000

TimelineDec 2025 → Jul 2026

Gross return on basis25.7%

Lincoln Drive before renovation — Kitchen

Lincoln Drive after renovation — Kitchen

Hold period7 months

All-in basis$1,075,000

TimelineAug 2025 → Mar 2026

Gross return on basis20.9%

Sheridan Street before renovation — Primary bath — converted from a workshop

Sheridan Street after renovation — Primary bath — converted from a workshop

Hold period5 months

All-in basis$675,000

TimelineJul 2025 → Dec 2025

Gross return on basis20.7%

Windrose Drive before renovation — Kitchen

Windrose Drive after renovation — Kitchen

Square feet4,474

Hold period9 months

All-in basis$2,100,000

TimelineJan 2025 → Oct 2025

Gross return on basis24.4%

Sahuaro Drive before renovation — Kitchen

Sahuaro Drive after renovation — Kitchen

Square feet1,738

Hold period4 months

All-in basis$615,000

TimelineJan 2025 → May 2025

Gross return on basis26.0%

Catalina Drive before renovation — Kitchen

Catalina Drive after renovation — Kitchen

Hold period6 months

All-in basis$730,000

TimelineOct 2024 → Apr 2025

Gross return on basis19.2%

109th Street before renovation — Great room and kitchen

109th Street after renovation — Great room and kitchen

Square feet3,759

Hold period4 months

All-in basis$1,525,000

TimelineJun 2023 → Oct 2023

Gross return on basis24.5%

Canterbury before renovation — Kitchen and great room

Canterbury after renovation — Kitchen and great room

Hold period9 months

All-in basis$720,000

TimelineAug 2021 → May 2022

Gross return on basis34.7%

Highlands Drive after renovation — Great room

Hold period4 months

All-in basis$2,450,000

TimelineMar 2021 → Jul 2021

Gross return on basis26.4%

Dixileta Drive before renovation — Kitchen

Dixileta Drive after renovation — Kitchen

Hold period7 months

All-in basis$1,180,000

TimelineFeb 2020 → Sep 2020

Gross return on basis11.9%

Canyon View Road before renovation — Great room and kitchen

Canyon View Road after renovation — Great room and kitchen

Square feet2,627

Hold period7 months

All-in basis$1,290,000

TimelineDec 2025 → Jul 2026

Gross return on basis35.7%

Exit typeRefinance, not sale

Every figure above is the sum of the 11 projects shown below and nothing else. More than eighty projects have been completed; this page shows a selection of them.

Spread is gross — before commissions, closing costs, and holding costs.

In progress

Active projects

Currently under construction. The figures below are projections, not results — renovation budgets rather than actual spend, and underwritten exits rather than sale prices. They are excluded from everything above for exactly that reason.

Active projects 2

Committed basis $4.84M

Underwritten exit $8.4M

Projections are not results. These exits are what each project is underwritten to based on closed comparables at the time of acquisition; nothing here has sold, and actual outcomes will differ. Judge them against the completed record above, not alongside it.

Target hold9 months

All-in basis$2,275,000

TimelineMay 2026 → in progress

Projected on basis53.8%

Basis of valueUnderwritten exit

Target hold12 months

All-in basis$2,565,000

TimelineMay 2026 → in progress

Projected on basis91.0%

Basis of valueUnderwritten exit

Method

How these deals get done

I look for anything that creates an opportunity: underutilized properties, square footage plays, functionally bad homes, physical distress, and sellers in distressed situations. The common thread is a property priced for what it is rather than what it could be.

Then execution. We move quickly, order long-lead materials early, sequence the trades tightly, and manage the job closely enough that the schedule holds. That is what gets these projects finished fast and economically.

And underwrite the exit conservatively. I price the sale off closed comparables, not active listings, and I do not underwrite appreciation. If a deal only works because the market goes up, it is not a deal — it is a bet. Most of what I look at fails this test and never gets an offer, which is the reason the projects that do make it here perform the way they do.

Want to see the next one from the inside?

If you have been interested in investing in real estate, tell me what you are looking for and I will keep you posted as projects come together.

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