Another Story……..
Buying investment properties in a great market can be very profitable. I remember a home in Phoenix on E Mulberry that I found for some investment clients.
Tom and Ted bought the home, and began remodeling. While is process, a neighbor came to ask if I would be interested in purchasing their home.
Seeing the value, I agreed and immediately put the home in escrow.
As soon as Tom and Ted’s home was complete, it sold almost immediately. Needless to say, they were very pleased!
During the process another buyer appeared and also wanted Tom and Ted’s house. I informed them that it was sold, but the one right across the street was available. I added $10,000 to the price I paid, and sold that property too.
When two other properties became available on Mulberry, I sold one to another investor for a nice commission and the other to women who came by during the cleanup of Tom and Ted’s home. I not only sold her that home, I remodel it also topping off a great month.
I did 4 deals in one month on one street, making over $30,000 just taking advantage of every deal that I could get! Brett Young Valley Realty http://www.rooftopprofitmax.com/
No comments:
Post a Comment