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Updated over 9 years ago on . Most recent reply

User Stats

211
Posts
129
Votes
Kyle Grimm
  • Investor
  • St. Louis Mo
129
Votes |
211
Posts

My 2015 goals are wrapping up! About to close on 3 more units!

Kyle Grimm
  • Investor
  • St. Louis Mo
Posted

Pretty excited to share that I will be hitting my goal for 2015 to acquire 5 more units!  This number will put me at 7 total.  I am picking up a duplex in a St. Louis for 40k and it needs roughly 16k in rehab.  I own a duplex identical to it right up the street and it just appraised last month for 104k.  So I'd say I found a pretty great deal!  

I also have an accepted offer on a single family house next to two others I own in Quincy Illinois.  Accepted offer was for 8k and it should appraise for 35-40k once finished.  I am hoping I can be all in this deal for 18k.  I really wanted this property because I own the two right next to it as well as it's less than 5 minutes away from my parents residence. Perfect for managing!  

One more thing...  I was just approached by a neighbor about purchasing her property down the street from my 2 single families.  I am going to walk through it tomorrow and ask about a possible owner finance.  

Happy Investing!

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