Sir, I wanted to email you today to provide you some input on your program and my last deals and to ask for any updates you have made since I purchased the program.
Deal 1 - Purchased a 98 yr old, 2 bdr /1 bth home, 1400 sq ft, with an unfinished attic. Bought it in foreclosure for $22K, put an additional $20K in the property cosmetic updates and added an additional 1200 sq ft in the attic with an extra full bathroom. Sold it for $79.9K !!! Not bad for 10 months of work !!
Deal 2 - Purchased a 2900 sqft, 4 bd/3ba home on 3 acres for $105K, it appraised at $148K at signing from an estate sale. Minor updates/cosmetics ($40K worth) and it just appraised for $221K
Deal 3 - Small 700 sqft, 1 bd/1 ba with a fenced yard and full basement, just signed the lease/option for $19K @ $170 per month (appraised at $28K) - a little remodeling and enclosing the front porch, making the living room into an additional bedroom then finishing the basement into a rec room with a utility room in the corner. Expecting the new appraisal to come in around $39K; and already having some interest in the home.