Flip during COVID height

[Tyler Roger Goble]

Investment Info:

Single-family residence buy & hold investment in Sneads Ferry.

Purchase price: $117,500
Cash invested: $20,000
Sale price: $189,900

Bought a VA Foreclosure in the Sneads Ferry area and doing a live in renovation prior to myself and soon to be wife moving in. Actually closed on this house while on a deployment (Active Duty USMC) and had to go through all the hoops of purchasing the home digitally and via a Power of Attorney. Utilized Vendee Financing and was able to close on the property with no money down.

What was the outcome?

Ended up getting $184,900 for the property and after all costs walked away with $46,000. Very happy with this outcome, initially planned on having this property as a buy and hold, but my wife and I decided to go ahead and sell for that price as it was too good to pass up with the timing in our lives (Moving across the country to California and in first year of marriage this allowed us to have a little more margin in our lives).