Purchase price: $215,000 Sale price: $248,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Tony Skaggs, purchased a property on White Tail Ridge Rd, Pikeville, TN, for $215,000 on 6/27/2024.

hello, I’m living in Augusta, Georgia, and there are many sharks in the water when I go to buy something I have to be very very very very calculated and very ready looking forward and how the money is gonna come in and how to market appropriately. if anybody has any advice on how to work along sharks and red oceans, please let me know.

Lower Returns on Investment (ROI): With limited ability to raise rents, the potential for high returns diminishes, especially in markets with rising property prices or inflation.

I'm excited to be a part of the community and look forward to connecting with everyone.

Potential Advantages- Growing Housing Market: The median home price in Shelby has increased by 16.6% year-over-year, reaching $295,000 as of July 2024.

All home prices are extremely high. 

Flooring is an exception to this since LVP is higher priced, it does last a very long time for something that will get beat up over the years. 

Purchase price: $100,000 Sale price: $115,000 Purchased a 2 BR single family home in the 51106 zip code of Sioux City and wholesaled it to an investor that same week.

I have heard the key to making the money is in the price of the land.

So for the first item on the balance sheet you put the purchase price and then for the WIP item you add all purchase closing costs, reno/holding expenses, sale closing costs and then finally put the sale price as revenue?