An Example of Your Vision
This property is a REO you could buy for approximately $550,000. I’d invest $100,000 into a new kitchen, new baths, new floors, and a new paint job. You would be able to market and sell the house at $900,000 and net approximately $850,000 after commissions. After the investment of $550,000 & the rehab of $100,000, your profit margin would be $850,000 – $650,000 = $200,000.