ATL: Purchased for $25K, Collected $27K in Rent - Sold for $60K

[Thelonious Jones]

Bought a property for $25k in 2013.

Put $8k In Rehab.

$33K All in.

Rented for 3 Years Section 8 - Collected $27K in Gross Rent

Sold it for $60k this month.

Trying to get my track record up, got several other properties under contract with this same scenario. There is money to be made in the "Hood"... Been investing in SW Atlanta for 7 years now. There is money to be made in the inner-city if you got the marbles to get out there and make it work.

I have had so many people tell me I could not sell a property for this price in this area. But what I have come to understand these individuals are talking to themselves-self doubt. We all have sight, but very few people have a vision. See it Thru!!!

[Jovan O.]

@Thelonious Jones, great post. #realspit