Finally!!!!!!!! My FIRST DEAL EVER!!!!

[Alin Toncz]

I finally put up an offer and was accepted. I placed a $ 2,000 bid on a NPN of $ 92,000, but the house has a value of only $ 65,000 max. I'm thinking if I can get the current occupant to agree with a restructured and lower principal balance that I can turn this into a Performing Note. If not, I can still foreclose and sell the house 20-30% below market value and still make some money. This is my first deal, hope it all goes well....