I have been working this deal for over 1 year and we finally closed today!!! It is a package deal from a living trust. Two houses on two lots in Rockland County NY.
The houses were listed two years ago for 429K. I started my offers 2 years ago at 120K. Well to get to the quick because I am gong out to celebrate...I purchased both for 150K today with my own cash as a cash deal..(could not qualify it for your insiders cash deal...even though I thought it should qualify). Each house was appraised for over 200K. I am going into the bank in the morning to HELOC the properties and pull out the cash!! I should double my money tax free and collect rents for the next 5 years here>..Ready for the next deal... and by the way... I have lease options in discussions for both properties!!!
I have three more deals similar in contract an hope to close by the end of the year...
DEAn... because of attending your free seminar and then the 3 day in Westchester with Matt Davis...who was outstanding!!!... I have gotten back into the saddle and I am on my way to 21 houses in 21 months!!!
God Bless you for your drive and inspiration to all of us!!
I hope to one day meet and work with you here in the NY try state area... My daughter is a freshman at Marist college and I have been investigating the Poughkeepsie area for over a year. With the right strategy and some source of large capitol we could change the area over a three year period...
And to all those out there in DG land.. it is absolutely possible to change your life if you choose to change your mind!!!
Frogman...out on the town tonite and toasting myself and The little Italiano!!!
Make it a Great Real Estate Deal Day!!
Congrats!
Well done! You deserve to celebrate. I am inspired and impressed with your tenacity in working this deal.
warmest regards,
Lisa Richardson