Dean Graziosi Book

Looking for the next deal

Looking for the next deal

My last deal was on June it was a home that needed minimum repairs and I was able to get it for $45K.
I was able to locate a hard money lender that asked me for $5K down because is our first time doing bussines so I was ok because I was able to get that money from a credit card anyways plus the $3K I spent on repairs.
I close on June 19th and by the 1st of July I had a renter ready to move in and paying $1,100 a month. My first payment to the hard money lender was not until August 1st so the first month's rent was for me, well actually went back to pay the credit card. The payment to the hard money lender is $425 so I have left over $675 and the only thing I have to pay is taxes by the end of the year the insurance was paid at closing for the first year.
Now I'm looking for more similar deals and I will ask the hard money lender if I can put less money this time or nothing if possible, the last time I talked with him he saw the lease agrement on the property and was very happy on how I was able to work the deal.
Daniel.

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"No compares tu vida con otros. No tienes ni idea de lo que se trata su travesía."
"Don't compare your life with others. You have no idea what you are getting into."


Daniel,

Good luck with real estate investing as you pursue the search of your next deal. It will happen as you continue the search. Just keep the faith and keep looking and they next deal will come. Believe and Achieve! Smiling - Joe

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Visit the selected Chronicles of Indiana-Joe with the links below:

EBAY AND CRAIGSLIST - You can follow "Epic Adventures" through my eBay and Craigslist Journal at: http://www.deangraziosi.com/real-estate-forums/investing-journals/38372/...

REAL ESTATE - You can follow "My Daily Adventure" through my Real Estate Journal at: http://www.deangraziosi.com/real-estate-forums/investing-journals/20942/...

Thank you

Thank you Joe for your comments, You are one of the inspirations on this site, I have learned so much from your different posts.
Daniel

__________________

"No compares tu vida con otros. No tienes ni idea de lo que se trata su travesía."
"Don't compare your life with others. You have no idea what you are getting into."