Profit Time: Heights Drive Is Sold!

I'm so excited to show you this property – for the last time! We're closing on this house for $124,900 – the loan package is at the title company and once we get the inspection certificate, we'll transfer this house to the new owner, sometime within about 48 hours! Come with me as we go through this house for the last time and see the rehab work that was done. We paid $45,000, put $27,000 in rehab costs into it, and all total, are in it for $72,000. We will net, after all costs, approximately $42,000 in profit. Aside from repairing the hole in the kitchen ceiling (if you'll remember from previous videos), we did lots of cosmetic work and repairs to make this property move-in ready for the new owners.

Leave a Reply

Your email address will not be published. Required fields are marked *


Hacking the Process Flipping Houses in Record Breaking Time

Jun 30, 2021

Discovering Purpose Through Crisis

Jun 23, 2021

Use Metrics, Not Emotions, When Purchasing Multifamily Units

Jun 16, 2021

Doing Your Due Diligence When Purchasing Multifamily Investments

Jun 09, 2021

Become a Successful Investor When Starting At Ground Zero

Jun 02, 2021

2021 Strategy Session for Wholesalers

May 26, 2021

Why We Bought a Class A Duplex From a Student

May 19, 2021

Pay Less Taxes with High Level Tax Depreciation Strategies

May 12, 2021