I just signed on 2 deals in Pittsburgh, PA.
Deal 1:
Cost: 24,500
Value: 70,000
fixup: 3-5K
rental: 600 per month
Deal 2:
Cost: 14,500
Value: 50,000
fixup: 2-3K
rental: 550 per month
My problem has been finding a lender who will do loan/line of credit for an investment property under 50K.
Deal in works
Deal 1:
cost: 12,000
market: 60K
fixup: 3K
rental: 550 per month
neighbor to deal 2 above
My agent in Pittsburgh said the bank will accept my offer in June.
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Michael C. Glass
REMAX Select Properties
Licensed to Practice Real Estate in Virginia
20 Pidgeon Hill Drive, Suite 201
Sterling, VA 20165
703-444-5900 (O)
703-723-2379 (D)
703-444-5921 (F)
http://www.moveupwithmike.com Tell Me and I'll Forget
Show Me and I'll Remember
Involve Me and I'll Understand
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