Sunday, August 8, 2010

Latest Purchase




Our latest House was a short sale acquisition - a lead given to me from a prior transaction.

The house is 3/1 1284 sq ft single storey home with a single car garage, separate side car port and small back yard.

Purchased house for $70k, spent $18k on rehab, and recently rented out for $1300/month.

We currently have a $130k offer on it from an investor.

Bought house with owner still in place. Took about one month to get him moved out, including assisting with packing, moving, storage facility and temporary accommodation in the form of a hotel for a week!

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