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My First Deal

Posted on: Sun, 03/14/2010 - 07:51
My First Deal

Signed a contract on my first deal today. Estate Sale 3 bed 1 bath ranch, FMV $179,000, paid $125,000, projected rehab $10,000. Not sure whether I will rent or flip. Renting would bring a positive monthly cash flow of $350. Profit on flip could be anywhere from 20K to 30K. Thanks Dean for the motivation and knowledge to take this first step.

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Posted on: Sun, 03/14/2010 - 09:39 #1
Congrats

I want to be the first to tell you great job. Keep the motivation going.

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Go For The Gold

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Posted on: Sun, 03/14/2010 - 10:29 #2
Awsome

Thats awesome,you took what Dean gave you and ran with it.I hope to hear the details when you complete this deal!!

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"Every failure brings with it the seed of an equivalent success"
Napoleon Hill

http://www.deangraziosi.com/real-estate-forums/investing-journals/42379/...

Mike
Kalamazoo,MI