Hello everyone. I've been a DG member for almost a year now. I've been in stealth mode. Reading everyones posts and journals, taking bits and pieces and running with it. Last November, I was contacted by a lady who had a fire damaged house. I tried to sell it as a rehab. No luck. Then thanks to all of you, I got creative. I talked her into owner financing for a year. $500/month with a ballon payment for the balance. I bought it for $32k, $5k in repairs, is $37k total. I found a tenant for a lease purchase who gave me $10k down and $600/month. Then I found an investor who bought me out of all the above. We close next Friday. He bought it for $65k, less the $10k lease option in place. That's $55k less $37k equals an $18k profit. Thanks again everyone. Oh ya, and you too Dean. LOL.
Don't Ever Give Up!