On The Market Revealing ACTUAL Profits from Our 2024 Best Real Estate Deals
7 snips
Dec 19, 2024 2024 turned out to be unexpectedly lucrative for real estate investing, with one investor raking in over $500,000 on a single deal. They bought properties at steep discounts and flipped them for profits above asking price. Strategies like making offers during the holidays and leveraging tax loopholes played a significant role. The conversation also covers navigating non-traditional investment opportunities and the importance of thorough market analysis—proof that smart investing will always find a way to thrive!
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Unexpected Home Run Flip
- Henry Washington flipped a house he bought for $145,000, initially aiming for a $40,000 profit.
- Due to pricing it aggressively below market value, the house sold quickly for $290,000, netting a $70,000 profit.
Pricing Strategy for Flips
- Attract more buyers by pricing properties slightly below market value with better finishes than the competition.
- This strategy guarantees more viewings and allows for higher offers.
Park City Legacy Property
- Kathy Fettke bought a lot in Park City for $350,000 and built a $2 million house, appraising at $2.8 million.
- By using bonus depreciation, she's getting a $100,000 tax write-off.