BiggerPockets

Dwaun -

THAT IS ONE OF THE BEST POSTS I HAVE EVER READ! Way to go man - keep us informed as you keep going my man.

Best of luck!

Chris

Congratulations Dwaun, doesn't it feel great!

Congratulations! Tell us about the deal please.

I sent out some direct mail letters about a month ago and only one owner replied. Turns out he has two properties that he was looking to unload, both of these properties are historic homes in need of repairs one more than the other.

So I get the properties under contract run some comps and start marketing. I get alot of looks but know one bites Turns out as a newbie my comps weren't as accurate as I thought. So I go back and renegotiate the contracts with the seller and start marketing again.

A week later with more accurate comps I have a buyer he gives me a 2,000 dollar earnest money deposit signs the assignment clause and then...BANG!!! Title problems, seems the lot description was recorded improperly three different times during the last closing in 2008.

The deal was dead in the water because no title company would touch this thing. Then my prayers were answered and the owner found the original title insurance policy. So a week later the deal was back on and we closed today.

This has to be the greatest feeling in the world. I can't wait to do the next one. Thanks again to all those that helped me.

Congratulations!

Keep it up :)

Nicely done. Keep us posted :-)

Congratulations Dwaun!

Picked up the check today!!!

Congratulations! Nice to hear.. I am working on not my first deal but the first one in two years.. It's a total rehab.. Wish me luck

How wonderfully excited and satisfied you must be. Now, you are an inspiration to others to stay at it, think creatively and then win. You role here is forever changed. You are no longer a Newbie looking for advice; now you're someone with success and experience. Keep it up!