Bought a house from a Homeless Guy

[Troy Peterson]

Investment Info:

Single-family residence wholesale investment in Orlando.

Purchase price: $23,000
Cash invested: $23,000
Sale price: $79,000

Bought this house form a homeless guy. It was vacant and boarded up and had been condemned by the city due to serious disrepair. Yet is was owned free and clear by a homeless guy. once we found him I gave him a prepaid cell hone so we could reach him as we looked for clear title. The title report showed an ex-wife on the title so we had to track her down too. We settled old child support liens for the owner, settled liens with the ex-wife and settled on a cash purchase price to close the deal.