We Are GaREIA Issue 3, September/October 2015 | 页面 12

GaREIA Member Success Story: Kyle Kufeldt Kyle Kufeldt, owner of Spindle Tree Properties, flipped the GaREIA “Success Story” last month when he made $30,000 on a single deal. Kyle purchased the modest home for a mere $90,000 and put $65,000 in renovations and repairs into the property, sustaining about $5,000 in holding costs in the process. The expense paid off when he sold the property for $205,800, netting him about a 19 percent ROI when all closing costs and other expenses were factored into the equation. Kyle found the deal via a direct mail campaign that he started just three months after attending his first GaREIA meeting last year. Kyle is currently a full-time software engineer in addition to his real estate investing business, but plans to move into real estate full-time as soon as his pipeline of flips is filled. “The success story is my second flip,” he said, adding that he will flip two more houses before the end of the year, thereby bringing himself much closer to his goal of leaving his software engineering days behind him. You can view Kyle’s properties or submit your own property information for his review at kylebuyshousesfast.com or by emailing him at [email protected].