I’ve been working with Barb LeGrand and I completed my first deal with her help. A seller saw one of my bandit signs and gave me a call. The seller was very motivated to sell and Barb helped me analyze the deal.
The deal meeting was easier than I expected because the seller just wanted to sign the paperwork. Barb had me work on getting some better numbers from the seller and I was partially successful at that. I bought the townhouse subject-to for $183,000 with a $4000 down payment.
Barb made sure that I put my advertising for buyers in all the right places and I received lots of inquiries. I found a buyer I liked, screened her, and sold her the townhouse five weeks after I bought it. The townhouse needed work and the buyer was planning on putting $10-15,000 into it. So, I sold it on a contract for deed for $197,000 with an $8000 down payment and a $100 monthly spread.
Barb made sure I got all the paperwork filled out correctly and that the property was placed into a land trust. The closings went smoothly with both the seller and the buyer. I expect my overall profit on this deal to be about $10,000. With Barb’s help, I learned a lot and I’m much more confident about doing my next deal.
Sean Casserly
Congratulations on getting your first deal done. I recently had a chance to talk with Barbara and she is awesome! Keep it up!
Hello Sean, thanks for the informative success story and the posting. Barbara sure knows her stuff. Congrats to you on the $10,000 profit. Never give up and keep on investing, moving forward and make us all proud of you. Take care.