Than Merrill Got My Mojo Back!

My wife and I bought a partially rehabbed home in a transitional area for $186K. The owners spent a ton of money on granite, glass tile, antique stove, etc. They probably spent close to $80K on the back yard and patio. But the roof leaked, paint was bad, interior walls were cracked, etc. We spent about $45k rehabbing it and netted a “whopping” profit! We thought that was a home run. We used the profits to buy another house and had about $185K into that. Sold it (closed yesterday) and received another big “whopping” check after paying the realtor.

Now it gets better. I am carrying a note for the balance of $160K for 2 years at 7 1/2%. That’s $1100 & change a month coming in. All profit. I have a few offers on bank owned sfr’s and duplexes around town and was just notified one will be coming my way.

Yeehaa! OK Than, now I can afford to buy my own Dodge Challenger!

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