Purchased for $50,000, this was another property that was highly attractive and highly profitable because of the amazing purchase price.
There was significant remodeling required to bring it back to life, but the potential profit was obvious because the land alone was worth about $75,000-85,000.
Once finished, we had a livable, modern farmhouse with plenty of original charm, sitting on plenty of land for a buyer looking to have some horses or livestock.
The home sold quickly with a profit well over $150,000.