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Updated over 8 years ago,
Got a great deal today!! Hard work and activity pays off!!
Purchased another "fixer-upper" home from a foreclosure auction today in Norman, Okla., only 1.5 miles from OU Campus. I'm probably going to fix this one up and keep as a rental property, even though I could flip it for a huge profit. Have to start keeping some to build long-term passive income.
Details-
3 Bedroom, 1 Bath, 1084 sq ft
Purchase Price: $7,500
ARV: $65,000-70,000
Est. Repairs: $10,000
Comps: Similar sized houses next door sold for $95,000 & $68,500 in last 12-28 months
On to the next deal!!