All Forum Posts by: Grace Sunshine

sure. How would you like to be connected, phone, email, or skype? 

@Brian Garrett Thank you for the encouragement

@Sean C. Thank you. As a newbie, I am still learning. A lot of lessons learned from the process. The first rehabbed house was in the market for one year due to a lot of mistakes I made. 1) decide the house value for sale; 2) buy a wrong house with poor layout, small master bedroom; 3) the listing price is too high (165K at beginning and finally lowed to $138K to sell it). 

@Sean C.

update: I bought the yellow lined paper from amazon. https://www.amazon.com/gp/product/B003U6N2PQ/ref=oh_aui_detailpage_o01_s00?ie=UTF8&psc=1

March of 2017 is a good month to us. We finally sold two rehabbed properties and bought one of my first subject-to property. The first rehab property was bought with 70K and sold with $138K, with $5,000 closing fee aid. The total cost for the repair, tax, closing etc cost is $97K. Net income $28K.

The  second rehab property was bought with 70K, so far, the expense is about $30K. Put on the market after 3 month repair, within 3 days, we got an offer with $165K. Expect to be closed in early May.

The first subject to property is a pre-foreclosure deal. We bought it by subject-to the original loan ~$116K with 30-year fixed rate 3.875%. The ARV of the house is about $145K. We reinstated the loan with $13K. Currently, we are repairing it to put it in the market.

@David Dachtera Thank you for the information.

@David Dachtera Thank you for the comments. Where is the service you mentioned?

@Kim Younkin Thank you.

To do the advertisement, I would like to print letters to absentee owners by myself using the pink or yellow envelop, and the yellow letter. Anyone here please tell me where can I buy the materials for the pink envelop or the yellow letter paper? Thanks very much.

@Thomas Anderson Thanks. :-)