ANOTHER DEAL !!! 30

just SOLD a property that i bought at the auction.
bought $1000
expenses-taxes,water bill,misc,-approx $2000
SOLD-$300 DOWN-$500 PER MNTH ...
SALE PRICE $4500

this deal is not a big money maker but i did learn a ton of lessons at the auction and talking with investors and about donating to charities.also learned that even thiugh taxes did not have to be paid at the auction....they are due right after the auction by the end of the mnth or it will be re levied onto next yrs taxes.
i immediately advertised this sfh that needs alot of repairs for a low down mnthlt pymnt and got a buyer within a week...on facebook and craigslist .a person saw my ad on face book and told a friend who also saw it on craigslist.
do NOT OVER LOOK FACE BOOK AND CRAIGSLIST as an advertising tool !!!!
another note...i know i am supposed to but DID NOT do my due diligence on thtwo properties and learned a valuable lesson.......if you DO NOT HAVE TIME TO ALIGN A CONTRACTOR to do repairs then DONT BID ON EXTENSIVE REPAIR HOMES.I did make a sale due to the fact that i used a strategy that works in my area !!!
learning every day !!!
jay