Joe Homs 949-625-4533Real Estate Broker, Pellego · Real Estate Broker at Pellego

Profitable Real Estate Deal: $300,000

8 May 2024 · 1 min

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In this brief YouTube segment, real‑estate investor Joe Homs recounts a recent transaction where he bought a property for $750,000, invested roughly $50,000 in improvements, and closed the deal without a property inspection. After accounting for commissions and closing costs, he netted approximately $300,000 in profit, effectively turning an $800,000 basis into a $1.1 million exit. The narrative emphasizes a fast, no‑inspection purchase approach and highlights the financial breakdown that led to the sizable gain.

Chapters

No inspection, just literally, here's $1.3 million, we're going to close and move on with our life. And I did too. So that's— I ended up making about $300,000 on that property. Purchasing it at $750,000, putting about $50,000 into it brought me up to $800,000. And then there was some commissions and closing costs at the end of the day. So So I paid all that stuff and then basically pocketed around $300,000 on that property.