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Updated about 2 months ago on . Most recent reply

Mike Kirby's profile image
Mike Kirby's profile image
Mike Kirby
  • Rental Property Investor
  • from New Braunfels, Texas
  • Member since Dec 14, 2021

User Stats

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212
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Mike Kirby's profile image
Mike Kirby's profile image
Mike Kirby
  • Rental Property Investor
  • from New Braunfels, Texas
  • Member since Dec 14, 2021
Mike Kirby
  • Rental Property Investor
  • New Braunfels, TX
212
Votes |
245
Posts
Buying & Selling Real Estate

Good deal or Not?

Mike Kirby
  • Rental Property Investor
  • New Braunfels, TX
Posted

We bought this house in 2020 for $70,000, we put $65,000 into the rehab. We have gotten $73,800 in rent since then. We just sold it for $240,000. Was it a good deal? 

San Antonio, Texas
2 Votes
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Janice Carter's profile image
Janice Carter's profile image
Janice Carter
  • Real Estate Broker
  • from Atlanta
  • Member since Feb 13, 2024

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474
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Janice Carter's profile image
Janice Carter's profile image
Janice Carter
  • Real Estate Broker
  • from Atlanta
  • Member since Feb 13, 2024
Janice Carter
  • Real Estate Broker
  • Atlanta
474
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780
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Janice Carter
  • Real Estate Broker
  • Atlanta
Replied

Mike, that is a strong deal. You forced appreciation, generated solid rental income and exited with a significant profit. That is exactly how you build wealth in real estate.

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