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Updated over 9 years ago,

User Stats

455
Posts
182
Votes
Austin Hughes
  • Rental Property Investor
  • Lubbock, TX
182
Votes |
455
Posts

The Bible Tells me Don't Brag About Tomorrow

Austin Hughes
  • Rental Property Investor
  • Lubbock, TX
Posted

...but Lord willing, good things are coming.

I got my first property under contract on a lease option today!

Got advice not to do a lease option, and did a whole lot of research on the topic before deciding it was the best avenue for this deal. Call me young and naïve, and you'd be 100% right 50% of the time. Lol, really though, I'm meeting with a lawyer on Monday, and the worst that can happen right now is I can back out of the contract (my legal right during first 14 days)...but I'd only use that as a last resort.

The seller was very happy to finally be getting something positive out of their property (cash flow and potential buyers), and I've already found buyers to assign the contract to, should they pass my tenant screening process!

I can't call this success yet until I pull out a profit from it, but things are looking good in the hood!

WRECK EM.

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