Primary home purchase under contract!

[Jaron Smith]

Hello everyone,

I’m excited to say the sellers of a house we made an offer on have accepted the offer!

Asking price: $119,000

Offer and accepted: $100,000

ARV: $155,000-165,000

Anyways, now comes the real diving into this property to make sure everything pans out. I’ve received the inspection report, which shows the boiler needs some work (baseboard heat) and the electric panel needs replaced (federal pacific box). I will take my friend who flips houses through this weekend to help me estimate rehab costs and to double check my ideas for renovations. We will live at this residence and continue to buy rental properties to add to our portfolio.

I just wanted to hop on here to share with the newbies that if you want to buy a house but are stuck just focus on the next step! Focus on saving for a down payment, or getting pre approved, or analyzing a deal. Focus on doing at least one thing a day that will bring you closer to that goal, no matter how uncomfortable until you get there. I’m nowhere close to where I want to be but by focusing on the now and doing at least one thing a day I’m closer than I was yesterday.

Thanks everyone and have a great day!

Jaron