I found another deal.
I found another steal guys,
I was talking to an old co-worker who told me that their family feud with a couple rent houses is about to end. She told me the buyer for these rent houses backed out. She told me they were basically going to give these houses away.
House #1:
2 bedroom 1 bath needs paint, cleaning, new floor in about 1/2 the house. Needs a lot of yard work. But other then that it is good.
House # 2:
3 bedroom 1 bath needs paint outside and yard work. I couldnt' get inside but it looks good.
I asked the lawyer what they would take for them. He said I have to bid. But then I asked him again what he thought. And he said If i put in a bid of about $25,000.00 cash they would take it.
2 houses with some TLC for 25,000.00. I talked to an agent and they had a house sell on the same block for 65,000.00 about a month ago. 1 house at 45,000. and another for 65,000 sell. Could be a profit of about 85,000.00.
Now the question is. Where do I get 25,000.00 cash. I told him I have it. I do but I am working on a 7 unit and an 8 unit purchase. I need the 25,000 for them.
Any suggestions?
I am putting together a plan. I do computer work for some doctors. My step dad has about 1/2 mil but he is worried to do anything with the economy. Where I live I have seen zero economy effect though.
Again, What are my options?