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Updated about 4 years ago on . Most recent reply

User Stats

110
Posts
33
Votes
Keith Thomas
  • Rental Property Investor
  • Auburn, WA
33
Votes |
110
Posts

Off Market on the outskirts of seattle

Keith Thomas
  • Rental Property Investor
  • Auburn, WA
Posted

Well this was a great start to a First for alot of areas for me. First off-market deal, first time using HML and first for a partnership. This is truly a surprise after I gave it some thought to the no or low money down. I always wondered how can I achieve that as well. So a little networking a agent bought this deal to me after we talked after a podcast. So I looked ran the numbers and it was a solid deal. Had other people saying stay away from it. I took a chance and it paid off. So I picked up this deal for 227k we put 65k into it and used hard money but payed for our own rehab. As it stands we though the comps would be around 360k right now we have offers at 415k with a review date coming up. My goal is to get 10 doors this year as rentals and do a minimum of 5 rehabs. Also looking for Seller Financing contracts if anyone knows a good place to seek that information I would like to know.

ple express that they may want to invest as well. But I think once we sell this one and show some success then it makes u

s look more solid.

  • Keith Thomas
  • Loading replies...