Primary Residence Sold at the Height of Pandemic

[Juan Ayala]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $54,000
Sale price: $77,000

Bought in November 2015 and sold in October of 2020. This property was placed on the market in June 2020. We where one of the few that was selling during this period due to the fear of allowing other into our home during quarantine.

How did you finance this deal?

FHA

What was the outcome?

Sold for a $22,000 profit. NO capital gains!

Lessons learned? Challenges?

Selling during a pandemic was a challenge. But relative.