Real Estate Poll

What has brought you the greatest return on your real estate investments?
 
Home Real Estate Success Stories Whitney & Tom C

As of this date, my husband and I have bought 2 properties- one was just an "ugly house" bought for $61,000. We have spent $10,000 on repairs and we will sell for around $105,000. $34,000 net profit.

The other home was a foreclosure bought for $70,000. We are now spending about $5,000 at the most to fix it up. Other homes in the area have sold for around $110,000 to $115,000 so that’s a potential $35,000 net profit. In the meantime, we have renters moving in April 1 creating $100 cash flow a month.

The PMI Advisory Line has been helpful in our real estate adventure by being a regular source of information and encouragement along the way. Every question I have asked across a broad range of topics has been answered quickly and in a friendly manner. I am about half way through the courses, mainly because we are so busy with the 2 houses we bought! Every course has taught me something I didn't know.

We came into the real estate investment business close to 14 years ago-so we probably had a "leg up" on others. We still have much to learn, but the courses and the Advisory Line give us even more confidence to purchase properties which will be profitable.

Whitney & Tom C.