Building long term wealth through rental properties.

Month: April 2017

What to Bid on a HUD Home- The 89% Rule

What to Bid on a HUD Home- The 89% Rule

Multi-family properties have been popping up on the market in our target area in the last few weeks but they’ve been above our price point and it’s been incredibly frustrating. We just want to land our first deal already! The night before we were scheduled […]

Move Quickly and Get a Pre-purchase Estimate

Move Quickly and Get a Pre-purchase Estimate

Since our offer fell through on the duplex, we’ve looked at two more properties. One was a four-plex on a main road in our target area. We haven’t even considered a four-plex but it was a bank owned foreclosure and in our price range. This […]

Lessons Learned When the Deal Falls Through

Lessons Learned When the Deal Falls Through

The deal on the duplex fell through.

Apparently, we weren’t the only offer that was accepted. Even though we rushed to sign the offer contract and hand over our good faith money, the seller kept us on the back burner just long enough to go through attorney review with another buyer. We were finally notified about a week after we signed the offer contract.

I was pissed.

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Offer Accepted! Now what?

Offer Accepted! Now what?

A few months ago I decided to stop actively searching for our first investment property and focus on setting myself up for making the first deal. So I worked on building my real estate education through books and podcasts and getting my finances in order. […]