Posted by: ericblow | April 30, 2010

First Contracted Deal

Another little milestone to report.  I have my first property under contract outside of Luray, VA.   I will be wholesaling this property.   Lot’s of work to do to get this property marketed and sold but at least my first step in the direction of a possible sale.  Not much time to update everyone but I wanted to do a quick post to tell everyone the good news.

Little background info.  Rural property. Built in 2005.  No more than $2000 for rehab.  Got it at 69% ARV. I plan to market it to other Investors that are more focused on that area and might have buyers already waiting for a good property out there.  Looking for JV partners to move it.

Oh and this seller found me using my Bandit Signs I have up in a town 80 miles away from her property.  :)

Check ya later!

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