Even sweeter. Contract #2 :-)

Wow...I see that some of these lenders are hard up for cash which is good news for us investors. We got another offer accepted from the bank today. The property is located in Sunrise which is an even better neighborhood than our first property. God is good! Check it out:

The property was listed at $87K (reduced from $92K) and we are locking it in for $60K. It is a 3/1 and approx 1000 sq. ft. The after repair value is $120K and I'm not sure about the estimate repairs yet since I haven't seen the inside (in person)...I've seen lots of pics but who knows how long ago those were taken. I'll be checking out the inside tomorrow and if it has less than $20K of damage to it, we'll have ourselves a deal and will sign the addendums tomorrow. Oh, and I found a pretty nifty website that will do repair estimates online (and connect you to local contractors if you'd like). I did a sanity check with my husband's uncle who is a handyman and the estimates given by the website were very much in line with the estimates he gave me when I told him about the work needed on property #1. We still overestimate just in case...so if it says painting the entire exterior will cost $1200, we will add another $100-200 to that to give us a cushion.

We're going to hold off on signing a third contract until we can get a solid buyer for at least one of the properties. Then we'll keep it moving and work to get some more properties.

This weekend is all about getting on those phones and working to find our buyers. I have faith that we're going to get buyers - cash buyers - and we're going to find them fast.