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Updated about 9 years ago,
My 2015 goals are wrapping up! About to close on 3 more units!
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!