Things always seem to come in bunches with real estate. On Monday I have four closings: 4 houses I am buying and 1 house I am selling. I was going to have 6 closings, but another house I am selling closed early today.
I have been worried that I am not buying as many houses as I hoped this year. I wanted to buy 3 flips a month. So far I have only bought four flips! Buying four more on Monday will help the numbers for the year. You can see the houses I am buying below:
The really cool think about buying the four houses is I am getting money back that day from the purchases.
-I am buying one for $120,000 and putting 25 percent down with a local bank
-I am buying one for $155,000 and using 100 percent private financing.
-I am buying one for $193,400 with 100 percent financing with the lender financing $30,000 in repairs.
-I am buying one for $192,000 with 100 percent financing and the lender is paying for $30,000 in repairs.
I will actually be getting back $30,000 after buying four houses!
On the selling side I have five more under contract to sell in May!!
You can see all my flips here: https://investfourmore.com/flips/