Tuesday, December 2, 2008

Bought another house and found renters for our old one

Today we met with a lady to have her sign all the paper work including the deed to her house over to us. So now we own three houses. She is the same lady that we bought the house we are living in right now. She had two houses cuz she went through two divorces anyways she was in foreclosure with both the houses. We closed on the house we are living in now so we helped her; we saved her from going bankrupt and from having a foreclosure on her credit report. Now it's time to start with the other house, it's a fix and flip but I think we will just buy it and sell it to another investor and let them do the fixing :) it'll just depend not sure yet. It will take a few months to close on it too, cuz once again we have to deal with the banks... but I'm so excited our real estate investing is really taking off! We know it would in time, and once we bought one house a bunch more deals hit us so it'll be really busy buying and selling houses from now on!! YAY

Our house that we lived in before we moved to the new house. Well at first we put it for sale but then we decided we wanted to hold on to it and keep it away and just rent it out. We met with a guy last night that looked at it and he wants to rent it. He will give us the deposit and all that on Friday so YAY it is now being rented. No fun making two house payments so now we won't have to hopefully!!! Except when we buy more houses.

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