Purchase price: $60,000 Cash invested: $109,106 Sale price: $210,000 Contributors: Peter Vekselman Purchased on 9/6/2024 for $60,000, this Anderson, IN home underwent a $109,106 renovation before selling for $210,000 on 2/4/2025.

@Eric Greenberg yes, I own a property at 9th and Diamond.

As a property owner, I get a lot of these calls.

Is the property rentable? 

Then selling for ~ $250k-$275k?

Quote from @Sarah Ali: The seller has a contract with the agent, which means they can't legally sell the property without compensating the agent.

Since we will be investing remotely, we plan to work with a property management company to oversee day-to-day operations.Does this sound like a solid strategy for a first investment property?

Just closed on a couple of properties a week or so ago.  

Remember, if you sell it, you'll have capital gains that you will have to pay since you are buying the other property before you sell you're old house.

Whenever we sell a property and S#!