OfflineJust signed documents for House #2 in Ohio on Thursday!
It's a 3bed/1bath; paid $17,000, FMV is $55,000; needs about $3,000 in repairs.
Paid half with a credit card with no interest for 12 months, and the rest with a private money loan. Once it's rehabbed, I will refinance and pay off loans.
I actually flew in to Ohio to sign and to meet my agent in person! She is great! and actually has House #3 in sight for me!!
Learning and progressing every day,
Valerie
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
Valerie,
I live in the Cincinnati market and still working on my first deal. What part of OH have you been working in? What was your strategy for find this deal? I am always looking to network and work with others.
keep 'em rolling!!
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
Good job! Will you be staying in OH for a while until the rehab's done? Aren't you from the Bay Area? I know that it's still expensive there. I'm a San Franciscan by heart. Went to Gianini Jr. High in Sunset District & Westmoor High in Daly City. Aren't there deals that can be made locally? Just like here in Los Angeles, the prices are still high but you gotta be really creative & a lot of due diligence in attempting at profit-making deals here in Cali. Good move though since you ventured in something attainable or lower priced but have good potential on equity. I tried doing the same thing in Oklahoma a couple of years back. Dirt cheap but couldn't find anyone who would lend me $25k. Instead, I lost out on $4k for the assignment fee. Hope to hear more of your ventures.
God bless,
John
Keep on plugging! Great to hear about those deals!
... Verses: 35 "but those who hope in the Lord will renew their strength. They will soar on wings like eagles; They will run and not grow weary, They will walk and not be faint." Isaiah 40:31 ...