First Deal :)

[Brandon Schlichter]

I don't post here VERY often but I thought that I would post some information on my brother's first deal (I manage the account).

Anyways, many people here have said in the past that it's impossible or very hard to find good deals on the market that are listed by real estate companies/Realtors.

Anyways, we purchased a little SFD property for $46k (w/ $1700 BCC). Total repairs to date have been around $3,000. Went into it with $3,000 down , so a total of $6,000.

$675 per month in rent currently with pretty good renters. Appraisal came back today at $70k so now we can cash out some equity.

Not too bad for a listed property i couldn't sell to a anyone but my brother (For some reason, no one around here wants rentals).