Jon & Steph,
I got a call in response to my ‘We Buy Houses’ ad in our local Penny Saver back in October of last year. I bought a cute little 2/1 on a large lot for $30K using my self-directed IRA funds. Spent about $1200 on fresh paint inside and a few cosmetic repairs.
Just leased it this week for $ 59,900 with $8,000 down ($2000 at application signing and $6000 at closing – non-refundable deposit, check below). The net positive cash flow on the five-year lease will be about $6,000 per year, although my tenant buyers are hoping to exercise their option in only 3 years. We closed at my attorney’s office (which they paid for) and we went through the lease item-by-item.
As a Quick Start attendee in December 2012, I can see what Ron meant about the money to be made in smaller properties – my ROI is off the charts!
All I can say is: Trust the material, follow the directions, and I’m moving on to the next deal!
Thanks
Andy
Hello Andy G,
Congratulations and good job on the decision to join Ron LeGrand! I am proud of you and your efforts. Glad to read that you made some good choices and are becoming a successful real estate investors. I am new to Planet Ron, and am working on my first deal. One day I too will be able to post a success story like yours. Take care, keep up the good work, and keep on investing.
Bye for now,
Robert
Oh by the way Andy,
How many other deals have you done since this one? It would be interesting to find out what other deals you have so we can all learn from you experience and perhaps use that knowledge to help ourselves make us successful. Thank you and take care.
Hello Andy,
Congratulations and good job on the real estate deal! I am proud of you and your efforts. Glad to read that you made some good investing decisions and are becoming a successful real estate investor. I am new to Planet Ron, and am still working on my first deal. One day I too will be able to post a success story like yours. Take care, keep up the good work, and keep on investing.