BP Success Story - $28K Cost - $16.7K gross annual rents

[Charlie Price]

1. Heard about BP about a month ago on some RE podcast. Signed up and started reading. and making a few posts. 2. Got together for coffee with a couple local investors. 3. Attended a small meet up RE investors meeting with some of these local investors. 4. Found out about a wholesale deal on two single family rental properties in my local investment area. 5. Made handshake deal to close in 3 days. 6. Purchased 2 properties side by side on about 1 acre. Both 1950's block 3BR/1BA single family homes for $25K. With decent roofs. 7. Sold one to a friend before I closed. "AS IS" for $600 month 5 years payments. And he will manage & do any repairs needed on the next door property for me. 8. Cleaned and painted the second one and rented it out for $795 per month with $795 deposit in 1 business day. All in $28K....1st 5 years gross rental income = $16,740/year. Wholesaler made a nice little profit @arianne . My friend got a nice little 3BR/1BA home for $0 down & 5 years of cheap payments, and I'll get a nice cash flow to help pay for my 6 month RV trip I'm taking with my family from Florida to Alaska and 20+ National parks! THANK YOU BP

[Jay Hinrichs]

sounds like a win win all around that's what we like to see   congrats..