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Updated over 5 years ago on . Most recent reply

User Stats

20
Posts
58
Votes
Shannon M.P. Lewis
  • Flipper/Rehabber
  • Topeka, KS
58
Votes |
20
Posts

My First Real Estate Investment!!

Shannon M.P. Lewis
  • Flipper/Rehabber
  • Topeka, KS
Posted

Investment Info:

Single-family residence fix & flip investment in Topeka.

Purchase price: $13,200
Cash invested: $20,000
Sale price: $72,000

Purchased this Single-family Residence that I lived in while doing all of the renovations with my father.

Most Popular Reply

User Stats

20
Posts
58
Votes
Shannon M.P. Lewis
  • Flipper/Rehabber
  • Topeka, KS
58
Votes |
20
Posts
Shannon M.P. Lewis
  • Flipper/Rehabber
  • Topeka, KS
Replied

Thank you, @Grant Doyle’s! I picked this property because it was right in between the two main hospitals in Topeka and Washburn University. This gave me a really good back up plan in case the property didn’t sell quickly. However, I was so fortunate because it is such a sellers market right now in topeka that the house actually under contract in 24 hours!

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