Jackson Sudderth bought a distressed property for $62,000 and plans to split the lot in half: renovate the existing house for a projected $90,000 profit and build a new home on the other half for up to $80,000 more. He expects roughly $150,000 total from the deal after posting about real estate on Facebook caught a seller's attention.
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This is how I'll make $150,000 on one deal. I posted on Facebook each day about real estate until someone finally contacted me saying that they would sell their property to me. The sellers were in a rough situation and I wanted to help them the best that I could. So I went to the attorneys to got some things settled with the heirs and then closed on the property for $62,000. The property had a large lot, so we're going to subdivide it in half. We're going to renovate the home that's already on the property and that should give us about a $90,000 profit. And then we'll be left with an empty lot for free where we'll be able to build a new construction home and hopefully profit up to 80,000. DOL is going on right now, so let's pray things go as planned. If you want to learn how you can do this too, I made a video breaking down everything you need to know so DM me guide on Instagram and I'll send it to you for completely free.