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Updated over 10 years ago on . Most recent reply

User Stats

631
Posts
186
Votes
Tom Keith
  • Investor
  • Longview, TX
186
Votes |
631
Posts

First one in Rehab Second under contract!

Tom Keith
  • Investor
  • Longview, TX
Posted

hey everyone, this is so much fun, purchase my 1st SFR in March. Took awhile but finally closed and started Rehab last week. Then found a SFR on auction and won it on Thursday! Nice 4bed, 3 bath with 2513 square feet. My wife, the TAK president is really catching on!!! Will send photos and numbers when I get them.

Most Popular Reply

User Stats

631
Posts
186
Votes
Tom Keith
  • Investor
  • Longview, TX
186
Votes |
631
Posts
Tom Keith
  • Investor
  • Longview, TX
Replied

thanks to all. The first purchase was closed on May 14'2014

1 1/2 Story SFR with 2134 SF. 3 bed 2 bath and 1 car unattached carport

This home on 1.85 acres with orchard.

Purchase 77,000

Finance 72,500 at 6% interest only for 9 months

Down payment and closing cost $6316.80

insurance $400

Estimated rehab $10,000 this verified with partner/contractor

Looking at setting ARV by comps and realtor is $135,000

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