Auction at courthouse steps for the win!

[Luke Myers]

Investment Info:

Single-family residence other investment.

Purchase price: $245,000
Cash invested: $60,000
Sale price: $605,000

This was our 3rd flip/full-time residence. We found this on Auction.com and bought at the courthouse in 2016. It had a water leak after purchase, and so we remodeled 70% of entire home. We've used the equity to do a cash-out refi, and HELOC for other investments.

[Jay Hinrichs]

Originally posted by @Luke Myers:

@Jay Hinrichs Yes sir, we would never EVER have guessed that adding improvements and riding the Nashville market wave could lead to that final number. And after we sold, it's still climbing.

its a testament that those who dont believe in appreciation or think its gambling are missing the boat.. great wealth is generated through appreciation