Mike Gazzola--Another Big Profit On Another Foreclosure #57

Morning Money Show

Mike discusses another foreclosure that turned into gold. He bought a 4 unit building for $78,100 in Fort Myers Florida. $45,000 was invested in improvements (subject to adjustments at the closing) and it was just sold for $235,000, a whopping profit of $111,000. Mike was planning to hold on to this one, but the opportunity to cash-in was just too great. He listed it for sale at $250,000. He was in no hurry to sell but almost instantly got an offer at full price. After inspection and adjustments for repairs, he settled for $235,000. Not a bad day's work. And you can be doing the same or better once you take Mike's course.