The Homeowners Dream!

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Jeff and Rachel were renting a small apartment for years until they purchased this condo in 2009 for $182,000 as a short sale with an FHA 3.5% down payment. This place needed some TLC and they were willing to put everything they had into their new home. Fast forward 6 years later and these two were able to sell their condo for $275,000! , that is over $100,000 in equity they were able to use to move out of the condo and into a larger single family residence with over a large 10,000 square foot lot! This short story is one of the many successful adventures that many of us have dreamed about when investing and purchasing a home.