Tax Lien Sale Property I paid $2,500 & sold for 20K.
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HOW LONG DID YOU HAVE THE HOUSE BEFORE YOU COULD RENT IT OUT? ALSO HOW LONG DID YOU HAVE TO HOLD THE HOUSE BEFORE YOU COULD SELL IT?
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how much did you have to put into total? you paid $2500 and sold for 20K . But I time and money spent to get it right was what? Even if you put out a total of $10K, you made in $10K. I like the the fact about new props down the block. How long did it take to sale?
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I had to wait a 1 year, then I could sell it or rent it out. I rented it at first on Section 8 for $600 a month. After a few years of that I sold it! chi-ching
gknextlevel 4 days ago
In the beginning I had a buyer on the hook for 30K. I only had about 7K invested at that point, but the deal fell through. So I put another 4K in it and rented it out for a couple of years for $600 a month before I sold it for the 20K. I was actually lucky because the tenant had trashed the place (learned a lesson from that). So I was glad to get 20K out of it!!!
If you want to learn how I do what I do just go to the website.
gknextlevel 3 months ago
How much did you put into it? What work did you do before sale?
jonnwins 5 months ago
@jonnwins I only did minor repairs, pulled up the carpet, patched holes, etc. I don't purchase properties that I have to do major work on anymore like replace a roof, rewire, or water damage. Key - good location and props with minor cosmetics. What you have to understand that every deal is different. Success is in the process. Once you get a process that works you just repeat it. Go to my website and you can get the blueprint of my process to help you create a process that will work for you! :)
gknextlevel 4 months ago