This is another cash deal that was purchased shortly after number 7. I bought this through HUD. The amount of the paperwork doubled but everything turn out to be ok at the end. This is one of the best deal that i was able to execute with some luck
I actually bought this one sight unseen. i was too busy with my day job at the moment so i just asked my broker to take a look. The property need 0 repair. YES, you heard it. it’s a HUD house that need 0 repair, not even a touch up i have to do to this house. Everything is in a ready to move in condition and it just need a nice clean up. i remember the original asking price was like 70k something but i decided to bid this sucker all the way up to 88k! I don’t want to lose this deal. I ended up getting the deal of course but i feel a little it regret for bidding it up too high
Purchased Price $88,000
Renovation Cost: $0
Rental : $1250
Sold Price: $134,000 (sold in 2015)
What is happening to this property?
I was able to lease it out to a wonderful couple for 2 years. thing was great toward the end of year two when the couple started to fight and breaking up. The Boyfriend ended up losing his mind and become very difficult to deal with. he threatening me a couple times. Long story short, they moved out and i was able to clean up the property and sold it for $134,000. I was grateful that they did no damage to the house.