Michele Miakisz Victory

 

Michele Miakisz Victory

Diamonds in the Ruff in Schenectady, NY

Type(s) of Victory: It was just awesome


I won a bid on house, which was a great deal unfortunately it was too much for me to do at this time because it had structural issues, and so, I could not tie up my money for 6 months. Unfortunately, I did not reach out to an wholesalers on the internet just the few I knew who also was too much for them at the time, I could have made 10,000 in a wholesale deal. It was in a GREAT school district unfortunately it needed over 100,000 to repair it but it had a potential ARV of 400,000 or more. I won the bid for 154,000, and so, there was a chance to even sub-divide the 7 acre land into 2 lots and get another 50,000 for the land, but I backed out because I am very new to the game and I just could not tie up my resources. However, I did find a hard money lender, I did find the deal and I did learn a big lesson.



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