tddonna's blog

Just signed the closing papers on the 4th house and will close on my 5th house on September 1st!

Took my 17-year old son with me to Boots on the Ground this weekend. Joe Jurek and Chad Merrihew conducted the class and did an outstanding job! My son was enthralled as this was his second event but this one was such a smaller group that he got a lot of his questions answered. We got home late Saturday night. I came home from work today and he had already located himself a realtor in the town he selected to buy real estate in, had contacted the realtor, and had selected three properties to make offers on! Thanks Joe and Chad for lighting a fire under him!

Yahoo! Made an offer on another house and after a little negotiation, my final offer was accepted and will be closing on house the end of July. Have already negotiated the sale to one of my buyers for a $2500 fee.

Just closed on my second house this week. Both my first and second properties I am hanging on to for rental income. The first will net about $375 per month cash flow and this second one should net around $400 per month. I had just enough cash to buy the first one and renovate it. A Fannie Mae purchase so have had to wait 90 days due to their deed restriction before I can finance it through a bank I found. Have tried to negotiate with Fannie Mae to remove these 90 day deed restrictions on my second and subsequent offers with no luck. Anybody have any advise on how to get Fannie Mae to budge on this issue?