Purchase price: $95,000 Cash invested: $30,000 Sale price: $173,000 Purchase price – 95,000Closing costs at purchase & sale - $6800Total renovation costs $21,935Sold for - $173,000Total profit – $49,265https://www.zillow.com/homes/11311-marbern-dr-hagerstown-md_rb/37683475_zpid/https://www.realtor.com/realestateandhomes-detail/M5889931134https://www.redfin.com/MD/Hagerstown/11311-Marbern-Rd-21740/home/15360019 What made you interested in investing in this type of deal?

It is close, but all areas are different..

@Austin M Kauth, these kinds of deals tend to be messy and are often unlikely to conclude with a completed sale.

There are great apartment complexes for sale there that I saw a few months ago.

If it’s not then I would just close it in.

This expedited procedure allows a taxing unit to register a judgment against the property in the state court, facilitating a foreclosure sale after a period of three months.

I’m getting ready to close on my first duplex within the next two weeks and very excited!

Purchase price: $95,000 Cash invested: $30,000 Sale price: $173,000 Before moving in we had to remediate some mold in the basement.

Only a sale will trigger the tax.However there are a couple issues here.1.

As the value of my primary residence has continued going up, I've now closed HELOCs on it THREE different times.