Monday, November 20, 2006

5 deals today

Today was quite a day for a number of reasons. I got 5 deals today. Quite a good day. I had a seller call me back from 3 months ago where i had offered $4,000 for an old family home and they said they would fix it up and a relative would move in. Well no one fixed it up and someone has to still pay the property taxes on it. its not a pretty house but for $4k i will buy almost any house. The local MLS thinks it should sell around $55k fixed up. Easily needs $20k in work i think. I will try to wholesale it first for around $12k to other investors.

Steven and Karen from Nashville referred me someone from an online lead source that had 7 memphis properties. I agreed to buy 4 of them today after looking at them for a total of $82,000 and 3 are rented with monthly rents totalling $1650 per month! 1 has an assumable mortgage.

Anyways it was a nice day. As today is Monday i need to start getting ready for my private group coaching call tonight.

Group Real Estate Coaching

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