New Deal for Steve and Veronica, house #5

We just got an offer accepted on anoher HUD home in Indiana. It was listed for over 70k a few months ago. It then went down to 59k was under contract to an owner occupant that did not want to replace the furnace. Went back on the market for 59k we offered 35k and HUD did not accept the offer. A few days latter they lowered the price to 51,200 We told our Realtor to put in the same 35k offer and it was accepted today.

My sister Alison wants in on this deal. She told me she would pay for 1/2 of the deal. If I could pay the other 1/2. She is a real go getter. Alison helped us a lot with another house we bought in that area. Alison and her husband did a lot of the painting and working with the contractors on the rehab.

We need to stick to our guns when making offers. It is only a good deal if we make it a good deal. The ARV will be in the 70s. Repairs should be less than 10k.

The house will rent for 600-650 a month.

Thanks to Dean's techniques and the rest of the motivating DG Family.

Steve and Veronica.