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Updated about 8 years ago,

User Stats

1,142
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1,140
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Jeff Filali
  • Rental Property Investor
  • Broken Arrow, OK
1,140
Votes |
1,142
Posts

$28,000 profit just by cleaning up the yard

Jeff Filali
  • Rental Property Investor
  • Broken Arrow, OK
Posted

Purchased a fixer-upper property late last month that I felt was in a great location, closed on Oct 31st and fully intended to rehab it to keep as a rental or flip it later.  I hauled off some trash and cleaned up the yard, about 3 hours of work and started getting contractor bids on it.  But decided to go ahead & take some updated photos, posted some ads & put a sign in the yard to generate some early interest.  I figured if I got a really good offer, I could always sell it and let someone else rehab it & flip it.  Starting getting a lot of interest & some offers. Sold it today, 11 days later "as is" to another investor for a $28,000 profit.  Not bad for less then 5 hours total work put into it. On to the next one!! 

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