Find out the value of your home. The Washington housing market has changed. We can help you see how much your home value has increased. Discover Your Home's Value
Today, I’ll share two notable home runs that significantly shaped my path in the real estate market. These ventures, born from strategic acquisitions and keen insights into property value, show the power of identifying lucrative prospects and leveraging them for substantial gains.
One notable instance was when I purchased a house on the hill back in 2013 for $625,000. Seven years later, I sold it for $1.65 million. This house was remarkable, boasting a westward view on ten acres, arguably the finest home in Scotch Valley. Sometimes, I wish I still owned it.
The profit from this provided the capital for our next venture.
We then bought 37 acres on the Columbia River for about $1.8 million. Upon selling the lots, we made a net profit of $2 million. We rented each lot for $330,000 and sold them for an average of $660,000, yielding significant profit. Currently, we’re keeping three lots to construct sizable riverfront homes, each expected to generate over half a million in profit.
Our strategy involves acquiring properties and continually seeking ways to add value and increase revenue. If you come across such opportunities, seize them; the money will follow. For more tips on real estate investing, call or email me. I’m always happy to help.
