Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago,
Sold My First House at 22! $20k
Hi everyone. I just closed on the selling of my first house yesterday, here are the stats:
Bought: March 30th, 2015
Sold: November 14th, 2017
Purchase Price: $57,500
Selling Price: $77,119
My Cut: $20,534.12
I bought the house when I was 20, lived in it the entire time, and did nothing to it as far as adding value (example: remodeling). "My Cut" was my check which accounts for paying off the mortgage, realtor commissions, and closing costs, but not taxes.
I'm very excited! My goal is to find another reasonably priced house that I can either rent (and cash flow) or sell (when the time is right). I also want to get at least one rental property next year and complete a fix and flip.