- Mike Gazzola Show--Mastering The Auction Treasure Hunt #63
Things are not always what they seem. One of Mike's students scored a major win at a recent tax deed sale. He thought he was buying a three bedroom house. However, upon taking possession he found out that it was a six bedroom home. Instead of collecting $750 rent per month, he will be getting over $1000. That's a major increase in the return on investment. It's all a question of supply and demand. There's just not that many homes around with that many bedrooms. He'll probably be converting one bedroom into a bathroom and once that's done, the rent could go even higher. End result, he'll be $40-45k all into the property and the property could be worth as much as $80k. An incredible return on investment. And anyone can do it.
- 2016-06-08 15:07:48 UTC