Justin, a 29-year-old first-time homebuyer, was eager to enter the real estate market. After researching affordable housing options, he discovered the potential of purchasing a property through the U.S. Department of Housing and Urban Development (HUD). The Purchase In January 2019, Justin purchased a distressed property in a developing neighborhood for $67,000. The home required significant renovations, but Justin saw the potential and was excited to start this new chapter of his life. Renovations Justin rolled up his sleeves and took on the project enthusiastically. He spent the next year renovating the property, focusing on both aesthetic improvements and functional upgrades. Here’s a brief overview of the renovations he completed:Justin financed the renovations with his savings and a small loan, investing roughly $30,000 into the upgrades while living in the home. In January 2024, after five years of living in and improving the property, Justin decided it was time to move for a job opportunity in a different city. He listed the home, and thanks to the extensive renovations and market growth, it attracted significant interest. Justin sold the home for $237,000, a remarkable increase from his initial purchase price.