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Updated about 3 years ago on . Most recent reply

Tyler Coon's profile image
Tyler Coon's profile image
Tyler Coon
  • from Asheville, NC
  • Member since Nov 12, 2021
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Tyler Coon's profile image
Tyler Coon's profile image
Tyler Coon
  • from Asheville, NC
  • Member since Nov 12, 2021
Connect
Tyler Coon
  • Asheville, NC
1
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Real Estate Deal Analysis & Advice

Buy & Hold Turns Into Flip

Tyler Coon
  • Asheville, NC
Posted

Investment Info:

Single-family residence buy & hold investment in Mars Hill.

Purchase price: $281,500
Cash invested: $86,300
Sale price: $410,000

I purchased this cabin in Wolf Ridge development to hold and use as an STR. When we saw how quickly the homes in the development were appreciating we decided to list it 6 months in just to see what would happen, and ended up flipping in 6 months for a purchase price increased of $120,500.

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