I located an REO property through my real estate agent, and purchased it on a short sale for $92K. I put $40K into it for rehab and fix-up, and it’s currently on the market for $174K. There is someone interested in purchasing the property, and he asked if I would lower the price. Even if it sells for $170K, I will profit $125K - $130K.
I learned a lot during the classes through questions that the other students asked. It was very helpful hearing the pros and cons of their situations. I enjoyed my class and the people who attended with me. It all ended too quickly! As soon as the property closes, I will be looking for my next deal!
-Jim & Susan in DE
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