First Deal From South Korea

[John Van Uytven]

Finally, I am doing it, taking the plunge and making my first purchase this week.

Thanks largely in part to Bigger Pockets.  I have been planning to do it for awhile, but after what I would call "positive peer pressure".  Of "just do it" and "make an offer", and "buy your first property" this encouragement courtesy of the podcast.

I made an offer on a house that had a fire.  I am buying the house and a total of 3 lots for $5,000 + closing cost.  

Before I agreed to buy the house though, I had a seller in mind who was interested in the house.  Even though he seems to be shying away from this deal at this point.  

After it is all said and done, I should clear $5,000 as well.  That is the plan anyway.

I guess I should state the difficult part of this.  I am currently living in South Korea and teaching English.  The property is in Illinois, where I am originally from.  

My father has Power of Attorney over me, and will be signing in my name.

Thanks for all the help, useful blog post, and the ever encouraging and insightful podcast.

Sincerely

John Van.

[Larry Smet]

Congratulations @John Van Uytven

The first deal is always scary - half the battle is to overcome the paralysis and pull the trigger (after proper due diligence!). It's always great to see people make the leap.

By the way - all of my properties were purchased and rehabbed long distance (mostly in Chicago) - so it can be done!

Good luck and keep us posted on how it turns out.