Turning $25,000 into $100,000: Real Estate Investment Success Story
Are you eager to explore the world of real estate investment? Let me take you on a journey of how I turned a $25,000 investment into a remarkable $100,000. This story is not just about numbers; it's about discovering the potential within the real estate market and seizing opportunities that lie ahead.
The Beginning of the Journey
I couldn't contain my excitement as I embarked on this real estate adventure. It's a topic that frequently arises in my conversations, as many people are eager to invest in real estate but often don't know where to begin. There are numerous ways to invest in real estate, but I'll share a specific path I took – one that you can follow with the right guidance.
It's essential to remember that individual results may vary, so I strongly advise consulting with professionals such as your local CPA, accountant, or tax attorney to ensure you're making well-informed decisions.
The Northern Arizona Home
My journey started with the purchase of a home in Northern Arizona. Initially intended for my family's part-time use, I saw the potential to rent it when we weren't there. However, it became clear that we didn't utilize it as much as we expected. Nevertheless, I invested $25,000 of my own money in the property.
I decided to run it as an Airbnb, a venture that turned out to be an amazing experience. Over two years, the property's cash flow covered most of the expenses, making it a financially sound investment. However, if you've ever delved into the world of Airbnb, you'll know it's much like running a hotel, complete with check-ins, check-outs, and constant turnover.
After two years, the minutiae of Airbnb hosting wore me down. Managing guest turnover, linens, and other details became cumbersome, prompting me to change my strategy.
Transition to a Traditional 12-Month Rental
I made the bold decision to sell the property and transition into a more conventional 12-month rental model, where tenants could bring their own furniture and settle in for an extended period. I put the home up for sale and executed a 1031 exchange, a tax strategy that allows you to defer taxes when selling one investment property and buying another.
Once the dust settled, and after covering all my real estate fees, I walked away with approximately $85,000 – a significant return on my initial $25,000 investment.
The Next Step: Identifying a New Property
With $85,000 in hand, the next step was to identify a new property to invest in. I obtained a pre-approval for a mortgage, a crucial aspect of the process, especially considering the current fluctuations in interest rates.
Despite the concerns about rising interest rates, I secured a mortgage for my next investment property with a 7.65% interest rate.
The San Tan Valley Property
My search led me to a three-bedroom, two-bath home in San Tan Valley, Arizona. I purchased it for around $330,000. While it wasn't in perfect condition, it was a fantastic deal. As a pre-foreclosure property, it required a bit of renovation, including new carpet, fresh paint, and a conversion of a den into a fourth bedroom to increase rental income.
After these renovations, the property's conservative market value reached approximately $360,000.
The Power of Real Estate Investment
This journey from a $25,000 investment to $100,000 reveals the incredible potential of real estate investment. It showcases how you can leverage your initial investment to own and invest in more properties, gradually growing your wealth.
Real estate presents numerous opportunities for those willing to put in the effort and research. It's a world of endless potential and a path to financial success.
Join the Journey
If you're inspired by this story and eager to explore real estate investment, don't hesitate to reach out. Let's discuss your investment goals and connect you with my team to explore if this path can work for you.
And to stay updated on our future videos and insights, be sure to subscribe to our channel. Real estate investing may be your key to financial growth, and I'm here to guide you on this exciting journey.
Seville’s Schools – Gilbert Arizona
WONDERING WHAT SCHOOLS SERVICE SEVILLE’S KIDS?
ELEMENTARY SCHOOLS
JUNIOR HIGH SCHOOLS
HIGH SCHOOLS
Disclaimer: School boundaries may change from what you see here. Please double check with the schools to ensure your child may attend the school they desire. There are other school ranking sites available to research schools other than what is presented here.
Seville – Gilbert Arizona’s Premier Golf Course Community
Seville or Seville Golf Course & Country Club is a unique community located in Southeast Gilbert, Arizona. With a wide variety of home styles and prices, there is virtually a home to fit everyones needs. These include 2 story homes on small lots, large custom homes on over an acre, single level homes in gated communities, and golf course lots with views of the San Tan Mountains.
The Seville community surrounds The Seville Golf Course & Country Club, Gilbert’s only private golf course. While the club is for member’s it is a welcome addition to the community. The club features a restaurant, gym, 2 water park grade water slides, Olympic swimming pool, a gorgeous golf course, and more. Just remember owning a home in Seville does not grant you direct access to the club, nor do you have to live in Seville to be a member.
Seville has access to A+ rated schools within the Chandler Unified School District. These schools include the following:
Elementary
Riggs (Located within Seville)
Patterson
Auxier
Junior High
Casteel
Payne
High School
Casteel
Basha
Seville is a very golf cart friendly community. So many residents own a golf cart and use them to take their kids to school or travel to and from other neighbors’ homes. There is even an annual “Holiday Cart Parade” where residents decorate their carts. You can expect to see over 100 golf carts participating. A very cool event put on by local Seville business owners.
Seville truly feels like a small town comprised of 2915 homes. You will find people out walking daily, riding on their bikes on the bike paths, and residents enjoying of the many parks located throughout the community.
Come see Seville for yourself and if you do have any questions about homes in the neighborhood please reach out to Gordon Hageman at 480-498-3334. Enjoy this resource.
Seville H.O.A. Resources
TOWN OF GILBERT RESOURCES
Take A Look At The Different Home Styles In Seville
Questions About Seville?
Call Or Text Gordon: 480-498-3334
Gordon Hageman
Phone:+1(480) 498-3334