I’ve been investing in Real Estate for about a year now and I’m just closed my first ever deal, so this is a very exciting time for me. I was drawn to the strategy of fixing and flipping, as I see this as a great way to consistently make money, provided the right team can be found for fixing the properties.

Propelio has become a critical tool for me as a real estate investor, and I primarily use it to get comps on properties. It’s immensely useful to be able to do this myself, and not have to pester a real estate agent, and wait around for an answer, which invariably happens.

For my first deal, I actually located the property using the Deal Alerts Feature of Propelio, which helps me quickly located undervalued property. The particular property I’m working on now is located at 6622 Royal Ln, Dallas, TX and is listed at $324k. I offered a little more than the asking price as I saw a tremendous potential for profit.

I offered $328k for the property, and I’ve stimated rehab costs at $65k for which I’m using a hard money lender. I closed this deal on June 14th, and I’m in the middle of the rehab right now.

The ARV for the property will be pushed up to $544k, but I’ll list it at $499k and should make somewhere around $100k from the deal. I’m really excited about the deal, and thankful for the opportunity!