You gotta start sometime. Today was my day!

[Scott S.]

I just attended my first auction and walked away with the contract! It was exciting and scary at the same time.

We picked up a nice 3/3 split-level SFH with two rooms in the basement that are an egress window away from making the place a 5/3. Cosmetic work needed upstairs (plaster touch-ups, paint, minor trim repair) while the basement needs a bit more (replace ugly paneling with sheetrock, remove floor tile and put in carpet, egress windows).

We close in 30 days. The place should have an ARV of $325k and I got the place for $240k.

During that time we'll get plans and designs in place so we can hit the ground running and be ready to put it on the market after 3-4 weeks of rehab.

Has anyone else felt panic after signing on the dotted line? After the bidding ended I asked myself "self, what have you done?!" The numbers on this are decent and I've done quite a bit of work on my own houses so I guess I just gotta get the plan in place and follow it to get those butterflies flying in formation...

[George P.]

Originally posted by @Dale Lotts:

Congratulations!!!! That's so awesome! I'll come by and help with the rehab just let me know when to show up!

>>The two happiest days of real estate ownership: the day you buy and the day you sell. :-)

 Not necessarily... I am super happy on the 1st of every month. 

And to answer the question... That feeling of panic goes away at around house number 20.