Updated over 17 years ago on . Most recent reply
Success Story
Hello, I recently purchased my first two properties using hard money so I was able to buy them with no money down and I was also able to get cash back. I will tell you about the first property I purchased. It was a 3 bedroom 2 bathroom with a carport. The ARV was $84,000, it needed $5,000 in work, I purchased it for $52,000. The home is in the county so I do not pay city taxes. It was rented out before the rehab was complete. My estimated rent range was $850 but it was rented out for $950 with an $800 deposit. My cash flow will be somewhere in the $250-$300 per month( and that is after taxes, insurance and management fee). I was able to do all of this with no money out of my pocket. Hope you enjoyed my story.
- Curt Davis
