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Updated about 8 years ago on . Most recent reply

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4,081
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George P.
  • Property Manager
  • Livonia, MI
1,596
Votes |
4,081
Posts

#20 rental was purchased today

George P.
  • Property Manager
  • Livonia, MI
Posted

just closed on #20 today. it's a milestone since one time we thought we'd stop "when we hit 20", and "can u imagine having TWENTY houses?"

i need a new goal and at this point it's 35, when i think i will stop working and just stay home. will i get there? who knows. will i be upset if we dont? not that upset.

anyway, here are the details:

asking - 67, then reduced to 58.

purchased - 51k

sq. ft - 956

3 bed/ 1.5 bath

no garage - a shed is present

updates - ~12k with the driveway, which needs to be replaced.

rent - $1,050 estimate when it's all done.

my concrete guy wants to buy it on a land contract, so not sure what will happen at this point.

Most Popular Reply

User Stats

4,081
Posts
1,596
Votes
George P.
  • Property Manager
  • Livonia, MI
1,596
Votes |
4,081
Posts
George P.
  • Property Manager
  • Livonia, MI
Replied

so it's taken me 5 months and lots of tears on other rehabs, but we finally finished this one.

here are some pictures of the final product. if you have seen pics of our other houses, the interior starts to look like a cookie cutter home. same colors, same finishes, same, same, same..

so i hope you like them.

listed 30 mins ago on poslets for $1,075, we accept pets

i have to look at the numbers when i get home from vacation, but i think it was around 10 to fix. who cares, really. what needed to be done got done. at this point, it just snowballs and the rest pay for the new acquisitions. i love keeping my subs busy, i just love it.

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