Opening my eyes to real estate potential

1 Reply

Investment Info:

Single-family residence fix & flip investment in Tomball.

Purchase price: $20,000
Cash invested: $4,000
Sale price: $50,000

House I owner financed from my uncle (poor health) for 0% interest 10/yrs. House was build back in the late 40's and needed to basically be gutted and redone on the inside as it was an old camp style house. I got most of the sheet rock and fixtures torn out and disposed of and a local investor was driving by seeing me hauling the debris out to my trailer and struck up a conversation. He made an offer on the house, which I eventually accepted.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you