PROPERTY SUCCESS STORY
Capitol Heights, MD
Property: Capitol Heights, MD
Purchase Price: $52,000
Sales Price: $140,000
Renovation Costs: $20,000
Profit: $25,000 each
Length of Renovation: Two months
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After completing the ProfitableProperty training
weekend, Ray Contee identified a bank foreclosure in Capital
Heights, Maryland that required rehab work. Ray and ProfitableProperty
partnered on the deal and combined resources to benefit each
party. Access to affordable contractors allowed Ray to save
$2,000 on the installation of the furnace and AC unit alone,
not to mention huge savings on other aspects of the renovation.
After the renovations were complete the property was sold
for $140,000, which resulted in a $25,000 profit for each
partner. With additional resources and trusted partners,
Ray is looking forward to doubling his income in the coming
year.
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