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Updated about 5 years ago on .

User Stats

54
Posts
62
Votes
Brandon Richey
  • Rental Property Investor
  • Lumberton, TX
62
Votes |
54
Posts

1st flip of 2020 Clear To close !!

Brandon Richey
  • Rental Property Investor
  • Lumberton, TX
Posted

It's January and we just got the clear to close !!

Bought this nice deal pre foreclosure 7 days before it hit the auctions at $135k. Went ahead and did a solid major overhaul and put $60k back in to the house ! Sold it off Facebook posts (we caught some steam with some of the design stuff we did and attracted buyers early ) for $269k after some closing assistance , paying my realtor $3500 and all other costs associated we will net $62,000 ! Starting 2020 off on the right foot ! Half way to the year total goals of flip/new construction Income and we are getting close to our $50k a month gross rent number as well!!