Atlanta: Bought it for $5,000 - Sold it for $89,000 Duplex

Atlanta: Bought it for $5,000 - Sold it for $89,000 Duplex

Atlanta, GA · Member since 2015 · 157 posts · 83 votes

05/2013 - $5,000 - Purchased Duplex Short Sale Waited 9 Months to Purchase

06 - 08/2013 - $55,000 - Renovation

07/2016 - $89,000 - Sold

09/2013-07/2016 - $39,000 - Gross Rental Income Collected

09/2013-07/2016 - $19,500 - Net Rental Income Collected (at 50% Operating Cost)

Duplex in SW Atlanta Georgia.

05/2013 Before Purcahse

09/2013 After Renovation

Running my track record up.

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Levi T.Pro Member
Rental Property Investor · Tucson AZ / Nice FR / Washington DC · Member since 2016 · 1k+ posts · 1k+ votes
10y

Love them type of numbers!

See this reply in the discussion

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  • Austell, GA · Member since 2016 · 113 posts · 9 votes
    9y
    Thelonious Jones would you happen to have anymore? I'm seeking a duplex to purchase
  • Atlanta, GA · Member since 2015 · 157 posts · 83 votes
    9y
    Originally posted by @Ashley Sanchez:

    Thelonious Jones would you happen to have anymore? I'm seeking a duplex to purchase

     No ma'am

  • Boca Raton, FL · Member since 2015 · 249 posts · 52 votes
    9y

    Great job!

  • Real Estate Agent · Cupertino, CA · Member since 2016 · 4k+ posts · 1k+ votes
    9y

    Closing cost, interest charge, brokerage fees..... Appliances etc

    Need to include in the calculation as you probably did not even net=89-60=29K after all that trouble.

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