OfflineI had fallen off from doing my 25:1 strategy for awhile, but guess what happened when I just started it back up this week?!? Oh weird, we got a deal under contract :)I don't know why I get sidetracked and stop this formula, cuz it REALLY WORKS!
Here's the deal:
It's a shortsale, 4/2 2 car garage, 1500 sf, under contract for $102k.
SOLD comps in the last 90 days and half mile radius: $210k, $170k, $170k, $165k, $164k, etc etc
Now just have to decide if I want to keep it and flip it, put a renter in it on L/O and cash out refi or just wholesale. I'd have to say every option is a great one!
Thanks Dean!
__________________
Jonny Carlson
612.963.3445
"Looking to invest in properties in the Twin Cities"
#FLIP-Faith.Love.Integrity.Positivity.
Congrats on the deal Jonny. I hope it worked out okay for you. It's amazing what you can do when you are persistent and committed. Be sure and post the rest of the story so we can see your success and others can learn from you.
Chris
"Faith is the eternal elixir which gives life, power, and action to the impulse of thought.
"Faith is the starting point of all accumulation of riches!"
- Napoleon Hill, Think and Grow Rich