I bought 2138 Wayne Dr., Greenville, NC for the price of $62,000.00. I put down $30,000.00 and repairs needed are approximately $50 to $75k. The Zillow zestimate is for $172,000. ARV is $250,000. The house was referred to me by a relative.
I will repair the property and put it up for sale. My husband has a construction company and I was a painter for 42 years and now I’m retired.
The profit should be about $128,000.
Lorraine Cunningham,
Brooklyn, NY
Hello Lorraine,
Congratulations on your deal. I am new to planet Ron, and am looking forward to my first deal coming later. keep up the good work.
Bye for now,
Robert
6 figure profits! That is so awesome and it is great to have such skills “in-house”. Keep pushing and congrats!
Congratulations on your deal!
Such a blessing, Keep going fwd!!!
Hello Lorraine, thanks for the informative success story and the posting. It was very inspiring and well worth reading. Great RE deal you closed on, and it looks like a keeper. Keep on investing, moving forward and make us all proud of you. Take care.