Accidentally on Purpose scored a 280% ROI on my 1st live in flip

[Robert Bowker]

I am completely and totally hooked on the power and life changing ability real estate investing has, and it happened by accident, sort of.

I bought my 1st house like most young people with an FHA mortgage, in 2015 with my beautiful wife. It was definitely a fixer upper, but had everything you wanted nice yard, neighborhood, and 4 bedrooms. It needed work but that was ok, most of my family is in the construction industry and I know my way around a tool belt. We upgraded the bathroom, kitchen, put down beautiful new wood floors, replaced the entryway door and painted. We did this work over 2 years. Witnessing the rapid rise in real estate values in Westchester County this year, we knew now was the time to sell. The house received multiple offer within 4 days and we accepted the highest and best, $430,000. Since we lived in the house for over 2 years, no taxes were paid on the gains. Now I am hooked on real estate flips, and cash flowing rentals. Thanks to bigger pockets. I posted the numbers from this deal below.

Purchase Price	Downpayment with closing cost. FHA 3.5%	Sales Price	Cash After closing fees
$305,000.00	$15,000.00	$430,000.00	$127,000.00
Monthly PITI	Average 4 Bedroom Rent	Realized Rent Savings 2.5 Years	Repair Cost
$2,500.00	$2,800.00	$9,000.00	$27,500.00
Total Money Invested (Repair Cost+Downpayment)-Rent Savings	ROI: Gains from investment-Cost/Cost
$33,500.00	280%