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Start Your First REI DEAL with 5k or less
| | Saturday, September 06, 2003 @ 01:00 PM EDT
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Contributed by: dell
dell Properties
Read more archived articles about Rehabbing
The first way to start your REI journey is to locate that hard to find equity deal that no one sees but you. Then write up your offer. Please note that were not using a RE agent to represent us so were saving 2 to 6% off top.
THE QUICK LESSON. Make the purchase price 3 to 6 percent higher than the amount that get accepted with the seller paying the closing cost.
With that, we payed nothing or next to nothing to get the deal. now its time to rehab. now if you can't afford the fixup, Home Depot, Menards Lowes, your water
company, your heating company. and a carpet store are all good canidates for the improvements.
I used my local Home Depot and Lowes in the same day after applying I walked away with 7k worth of supplies. Apply all in the same day. and all ways make all inquires in the same month.
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