Purchase price: $605,000 Cash invested: $12,000 Sale price: $785,000 Contributors: Peter Vekselman Partner Driven and Ann Mesa purchased this home for $605,000 on 06/27/2024, invested $12,000 in targeted renovations, and sold it for an impressive $785,000 on 11/15/2024.

Purchase price: $326,000 Cash invested: $19,900 Sale price: $460,000 Basement was already set up as another unit, so I bought furniture and converted it to an Airbnb while living upstairs.

The restaurant currently does over $1 million in sales annually, and they’re only open 5 days a week for dinner.

If the rents were collected after closing and they were not addressed in the sale, then you shouldn't have a legal obligation to give them anything.

We financed this deal using a conventional loan, and taking portions of my 401K out to make the down payment and stage the house for STR and MTR.

Tenant estoppel letters should be used in the sale or purchase of any tenant-occupied real estate, whether residential or commercial. 

Congratulations on the sale.

(Does any other wholesaler have a stake in this sale as well as you?)

Quote from @Sarah Rhee: I have a real simple rule for investing: never sell an investment unless you can move the money to a better-performing asset, or if the sale will move you closer to your goal.Your situation doesn't meet my rules.

I am not not super familiar with the auctions or sheiff sales, but if you are interested in NW Indiana consider connecting with @Eudith Vacio who has some property in East Chicago, but works that NW Indiana Coordior and is a top agent!