Can you really buy a house for $150,000 and sell it for $265,000 in less than four months?
Yes! It isn’t the norm and it isn’t often, but, yes! You can!
The owners of this house wanted to sell their house and buy a newer one. Unfortunately, they had no gameplan for their home, which would ultimately cause them to leave thousands on the table.
Even after the house had been on the market several times, they couldn’t sell it. They became frustrated and eventually sold it for far less than the original asking price. What a shame! You see, at times, all a home needs to sell faster is a little cosmetic work. The secret is to distinguish the right things to improve and which to leave untouched, Spend your time and money wisely and you, too, will see a profit, rather than a loss.
Purchase Price: $150,000
Selling Price: $265,000
Profit: $115,000
Time: Less than 4 months
Note the outdoor ceiling fan, hanging plants, wall decor, roof vents. it’s the small touches that can make all the difference!
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It doesn’t matter if you are burnt out, new to the game, a lousy rehabber, seasoned, successful or just plain curious, I encourage you to learn about the wonderful opportunities real estate investing can offer.
Learn more about how to earn more flipping real estate? Contact me today!