All Forum Posts by: Marcus Kennedy

Hey guys I figured I would come in here and speak about my first deal as an investor. I got a pretty good HUD deal that didn't need very much work at all other than paint and a few other minor things. Bought it at a good price, did a little work, and slapped it back on the market. Within a month I had it under contract and set to close at the end of this month! Im also an agent so I was able to get the commission on the buying side and save on the listing side!

Purchase Price: $94,000

Rehab: $3,000

Contracted price:127,000

Holding costs and agent fees: ~$5,000

Im excited and looking forward to my next one but I don't think I'll luck up and find one this easy again. On to the next one!

Same here. I had some things come up that I couldn't move around and ended up missing as well. From anyone who went, how was the meeting? How was the attendance?

Sounds like an awesome idea. I will be there as well!

@Zac Gilliam Boom! There it is!

@Zac Gilliam thanks alot and if im up your way Ill def get in touch.

Also you must be doing the mentions wrong. When you do the @ for a person you have to start typing the first few letters and then wait a second and then a box comes up at the bottom and you click on that persons name. I just happened to stumble back to this thread and see that you had tried to mention me!

Welcome @Justin Ferguson ! I too am here in Birmingham but Im just a newbie and still waiting to get my feet wet. I haven't done my first deal yet but am looking into getting things started any day now. I'm a Realtor here so maybe we can work together in the future. Welcome to Bham!

@Sharon Vornholt

So beautifully explained! Thanks so much. Makes perfect sense now!

By the way how is your probate business going now? You still rocking the probate niche?

@Sharon Vornholt

@Sharon Vornholt

Welcome Brett! I'm in the Birmingham area and have not yet bit the bullet on my first investment property. I did put an offer in on a house a couple weeks ago but that house was a special situation and I'm still waiting to hear back whether they accepted it. I'm a realtor here so if you want to look at some properties or get more info let me know!

@Ramon Jenkins Basketball season went well but I am officially done with basketball and am now a Realtor/Investor! I've already bought J Scotts books and I live on his website too.