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Real Estate Deal Analysis & Advice

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Travis Soileau
  • Real Estate Investor
  • Eunice, LA
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55
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3 Unit turned into 4 units - Success!

Travis Soileau
  • Real Estate Investor
  • Eunice, LA
Posted Mar 16 2009, 16:20

Hello everyone,

I am fairly new to this forum. I wanted to post my success a had a few years ago.

I bought a two trailer and upstairs unit package deal for $37,000.00 It needed a lot of work! I remodeled all the units and created a bottom unit in the duplex. (it was previously just storage) It now is appraised at $85,000.00 I make a cash flow of $800.00 free and clear after all operating expenses.

I have been wondering if it would be better to sale or keep the income?

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