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Updated almost 13 years ago on . Most recent reply

User Stats

40
Posts
4
Votes
Kelvin Washington
  • Investor
  • Locust Grove, GA
4
Votes |
40
Posts

First four properties are under contract! Wish me luck!

Kelvin Washington
  • Investor
  • Locust Grove, GA
Posted

Hello BP!
It's been a while since I've posted anything to the site but, I'm happy to say that as of this morning, I have locked up four properties under contract with one owner. It has taken me about 30 days to finally get this thing together after meeting with buyers and the owner of the properties.

Hopefully, I can get these contracts assigned soon and just wait for the closing while trying to do more deals. The purchase prices range from $19-27K. The owner is very motivated to get rid of these properties. He's an older gentleman and he's tired of chasing behind these properties. On top of that, he lives about 80 minutes from the properties. I will keep this post updated as the deal transpires. Wish me luck!!

Most Popular Reply

User Stats

40
Posts
4
Votes
Kelvin Washington
  • Investor
  • Locust Grove, GA
4
Votes |
40
Posts
Kelvin Washington
  • Investor
  • Locust Grove, GA
Replied

Hey BP!
Just wanted to update you all of the progress that I have made since I initiated this posting a while ago.

So far, I have assigned three of the four properties and I have closed on two of them (28 Mar 12). I have collected a $2,000 check for each property, and we are scheduled to close on the third one on 13 Apr 12. That will be another $2,000 assignment fee. Hopefully, we will finally close on the fourth property soon after the third one.

I'm currently utilizing the same marketing technique (post cards to absentee owners via Click2Mail), and I'm still getting calls and potential leads. I'm more confident in my abilities and I'm assured that wholesaling is pretty profitable is you're patient and not afraid of getting your hands dirty.

I want to thank everyone for their well wishes and support. This is truly a site worthy of many accolades.

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