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Updated over 4 years ago,

User Stats

54
Posts
62
Votes
Brandon Richey
  • Rental Property Investor
  • Lumberton, TX
62
Votes |
54
Posts

Celebrating a Big Win Month!!

Brandon Richey
  • Rental Property Investor
  • Lumberton, TX
Posted

Hey guys! Posting here to celebrate a big win month! In February I sold my former company (Insurance agency ) to be a full time investor.

We have over 30 rentals which was my new base to live off of , and had a solid hold on flips and started building spec homes. I have a solid construction background and hired my dad who is a master carpenter and cabinet builder !

So ... we have been running hard and the month of July is set up like this ...

46k in gross rent with a net take home of $20k for July in rent roll

Sold a flip and closing In July that we bought at 78k. Rehab was 20k and sold at 169k. After closing costs etc we will net 64k

Closing on our first new construction spec that cost 35k for land and $205k to build.. sold at $289k and will net right at $52k on this home.

Total NET income for July is set to be $131,000!!!

And in true fashion and I'm closing on the next flip next week and have my next 2 new construction homes ready to go !!

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