First sale cancelled, Second Offer in
Monday, October 12
It's been a while since I have updated where I'm at. After the inspection on the last house we found our rehab costs were pretty far off. Our hard money lender said with the new repair we were going to need to bring our offer price down. We countered with a $20,000 decrease (during the inspection...
1st Offer Accepted and I'm freaking out.
Monday, September 21
Holy Moly. I'm kind of freaking out and in the "WHAT DID I JUST DO?" phase. I put in my first official offer for a house and it's been accepted. The original asking price on the house was $159,900. They got an offer at $139,900 about a month later but the buyer spent their down payment and lost t...
Way Too Low! Moving on and Driving for Dollars
Wednesday, September 16
I woke up this morning and decided to go ahead and try to offer 75% asking price on that first house. It was received with a big fat no. They wanted 90% of asking price, closing in 2 weeks, and no contingencies. None of these things were doable for me so I'm leaving it in the dust. I decided to ...
First Walk Through Blues
Tuesday, September 15
I have been studying and reading and listening to podcast for weeks now. I finally found a home that I thought had a ton of potential and seemed to be priced appropriately and was in the niche that I was aiming for (BRRRR). I ran my numbers and everything looked great. $150 in monthly cash flow, ...