This property turned out to be a true investor’s dream. When we first found it, it didn’t look like much—just another tired, outdated home in need of some TLC. But we saw the potential. It wasn’t about a major overhaul; just a refresh to bring it back to life. We gave it a fresh coat of paint, updated the flooring, and modernized a few key areas. The transformation was remarkable.
We listed it at $199,000, thinking it would attract some interest, but we were blown away by the results. Not only did we get multiple offers, but we ended up selling for $226,000—$26,000 over asking price.
Here’s the kicker: the deal was on-market. Too many investors dismiss properties that have been listed traditionally, thinking they’re already picked over or overpriced. But in reality, if you know what to look for, there’s still plenty of opportunity out there. This sale was a perfect reminder that with the right vision and a little elbow grease, an on-market property can still yield amazing returns. So, next time you’re scrolling through listings, don’t overlook the potential in the ones that have been on the market for a while. There’s often a hidden gem just waiting for the right touch.
Purchase Price: $145,000
Reno Budget: $20,000
Sold Price: $226,000
Net Profit: $50,000
