Just like I promised, this post is all about MIKE!
I have known Mike quite some time and we took a trip into the Real Estate market in 2019-2020.
We just so happened to be looking in Austin at the time, and can you believe we bought a brand new 2000 sqft home for some 270k? I know this probably sounds pretty unbelievable, but it really did happen. But wait this story gets better because little did we know, we had just hit a gold mine!
This house probably had one of the craziest appreciations that I have ever seen because just a few months later Mike was already up about roughly 100k from the initial price. I remember him calling me in a frantic voice and saying, “hey Josh go look at my house on the website”.
I jumped on the internet and quickly found that the home we had just bought had just gone up by almost 40% and it seemed like that would be the only price increase. However, we continued to watch it go up many months after until the builder would not even quote a price anymore (this usually happens with high dollar products).
Now days Mike is probably looking at anywhere from 200-250k and up in return when he wants to sell… But the best part is that this can happen to anybody if they are in the right place at the right time and it further emphasizes why making moves in real estate is literally life changing in every sense of the term.
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