Updated over 8 years ago on . Most recent reply
$240K Profit in Grapevine, TX
First off this was not a short term flip. I purchased this home in 2007 for $200K cash put about $30K in intial rehab and refinanced $200K. This was before I new the BRRRR strategy...lol. Since then the home has been a rental and most currently receiving $3,100/month in rent. I have recouped all my initial investment and even had some for the final rehab which included roof, pool tile, complete interior/exterior paint, mstr bath remodel, etc. I decided to sell this home due to the extremely hot market we are experiancing in DFW. I can put this money to better use elsewhere. Home was under contract within 24 hrs on MLS. Sold for $462K which was over appraised value. I even set a new $/sqft high for area. Here are a couple pics. Happy Investing!! 