My First Deal!!!!!!!!!!!!!

[Dwaun Elam]

I just locked up my first deal yesterday. I am so excited yet nervous at the same time, but I guess that goes without saying.

I contracted two properties from the same seller. He is in a bad situation and needs the money.

Now I don't really have any solid buyers to market to. So what I was looking for was some advice from the BP community. Put yourself in my shoes.

I will list some details on the properties so you guys know what I am working with.

Property #1

SFH

2605 SQFT

4 Bed 2 Bath

ARV 90K
Asking 28K
Repairs 12K(est)
Potential Profit 50K

Property #2

2541 SQFT

4bed 2 bath

ARV 120
Asking 50K OBO
Repairs 5-10K(est)
Potential Profit
60-65K

I am having some contractors come out today and take a look at them to confirm my estimates. I will be taking pics as well. I am unsure how to market these properties. They are in a historic district of the town. The state offers tax incentives to investors as well as a federal.

What would you guys do.