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I want to share a story with you today. It’s about the second home I purchased as an investment. I was able to flip it for a really nice profit.
This property came from someone on my team who found it in Granite Falls and it was listed at around $125,000. The house was in rough shape and needed a lot of work. We picked it up, helped the owner make their mortgage payment while we fixed it up, then we started work and it took us about three to four months to get the work done on it.
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The final sale price was $250,000, double what we paid for it
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We bought the home in December, renovated it, put it on the market, and got it sold in March. The final sale price was $250,000, double what we paid for it.
We definitely got lucky here, but we also purposefully timed the market. Home sellers take their homes off the market around the holidays, which is the perfect time to buy. When people were getting ready to buy in the spring, we had the property all ready to go.
If you have any questions for me about real estate, flipping, or anything else that I can assist you with, don’t hesitate to give me a call or send me an email. I’d be happy to guide you through the process and I look forward to hearing from you.
