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1st deal in a while, House #3 Closed 10/08/10/ up date

Posted on: Wed, 09/08/2010 - 18:12
1st deal in a while, House #3 Closed 10/08/10/ up date

Veronica and I just won a bid auction on a HUD home in a small Indiana town. I went to high school in this town Covington for my Sr. year after moving from the farm in Illinois.

This is all done from California.

The home is a 3/1 1020 sq ft with a basement. Our bid was $15,105.00 it will need some work but homes rent fast in this town. We will get $450.00 a month or more in rent and the homes av. sale for around 40k-50k for this size and age of home. We will still need to do our inspections but I have a Sister who lives 3 blocks from this house and she says it is worth every penny.

Now time to fix and rent.

Steve and Veronica.

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Posted on: Fri, 10/08/2010 - 19:19 #31
Congratulations!

Congratulations!

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Posted on: Fri, 10/08/2010 - 20:23 #32
awesome!

Good job!


Posted on: Fri, 10/08/2010 - 21:56 #33
Congrats

Steve & Veronica, great job & good luck !


Posted on: Fri, 10/08/2010 - 22:12 #34
steve and veronica

AWESOME !! great deal and great job on this one !!sounds good on the cashflow too.always inspiring to hear success after the hard work is put in.keep up the momentum .
jay

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Posted on: Fri, 10/08/2010 - 23:07 #35
SO THANKFUL

FOR ALL OF YOU THAT HAVE TAKEN PART IN THE TESTIMONIES GENERATED BY BELIEVING IN DEAN(HIS WORK,HIS WORD) AND BELIEVED YOU COULD DO IT TO. IM SO THANKFUL FOR ALL YR SUCCESSES & FOR ALLOWING US THE PRIVILEDGE OF SHARING IN THIS JOY W/U CAUSING US TO BELIEVE THAT WE CAN TOO!!!

CONGRATULATIONS...SO HAPPY FOR YOU NOW AND CONTINUALLY!!!!! SO EXCITING:)SmilingSmiling

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Posted on: Fri, 10/08/2010 - 23:21 #36
Thank you Everyone.

For all the kind words. It was to long of a time with out a deal we hope to do one more now that we are back on track before the year end.

I do want to say to the new students don't give up when you are told no or you can not do this. Stick with it and it will pay off.

Good luck to everyone

God Bless.

Steve and Veronica.

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Steve and Veronica

Steve and Veronica's Journal.
http://www.deangraziosi.com/real-estate-forums/investing-journals/58073/...

http://www.deangraziosi.com/real-estate-forums/totally-fulfilled/72344/d...


Posted on: Tue, 12/21/2010 - 16:42 #37
12/21/10 up Date

Up date on this deal. I just received information from the small town bank we are working with that this house that we bought for 15k appraised for 61k.

We have put about 20k into it for repairs but we are very happy for the appraisal coming in at 61k. I know this may not look like a lot of money to some here on this site but it is a big deal to us. We can take out a loan for 80% of 61k and that mortgage will be covered by the rent payment from our renters plus cashflow monthly. In my book that is a good deal.

Steve and Veronica.

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Steve and Veronica

Steve and Veronica's Journal.
http://www.deangraziosi.com/real-estate-forums/investing-journals/58073/...

http://www.deangraziosi.com/real-estate-forums/totally-fulfilled/72344/d...


Posted on: Tue, 12/21/2010 - 17:41 #38
Steve & Veronica Merry

Steve & Veronica Merry Christmas

That's great its nice when you get unexpected results in your favor.

I am very glad for you.Now you guys have a nice holiday,and now your new year is looking better too.

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Posted on: Tue, 12/21/2010 - 17:43 #39
Jim

Thanks Jim for the kind words. We hope you and your family have a very Merry Christmas.

Steve

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http://www.deangraziosi.com/real-estate-forums/investing-journals/58073/...

http://www.deangraziosi.com/real-estate-forums/totally-fulfilled/72344/d...


Posted on: Tue, 12/21/2010 - 17:46 #40
Steve & Veronica,

...Congratulations on your great deal. It is always fun to see what the deals appraise at. Real estate is such as tremendous business. Merry Christmas and Happy New Year! Smiling - Joe

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Posted on: Tue, 12/21/2010 - 18:03 #41
Thanks Joe

For all of the encouragement to make this deal happen.

Steve

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Steve and Veronica

Steve and Veronica's Journal.
http://www.deangraziosi.com/real-estate-forums/investing-journals/58073/...

http://www.deangraziosi.com/real-estate-forums/totally-fulfilled/72344/d...


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