Bret is a Happy Man
Bill,
Thanks a lot for that suggestion. I am really burning-up the market here as I
have bought 4 properties starting from 42,000 (13,400 equity) 68,800 (21000
equity) 147,000 (39000 equity) 156,500 (44000 equity) and my latest deal going
on is to purchase a 16 unit apartment for 550,000 giving me 120,000 in equity.
These figures are based on the local PVA assessment and not the appraised
value by the bank, which has been higher.
All properties are being bought with NO money out of my pocket
and the rental vacancies are only 3 units out of 41. Not too bad! All this
has happened in less than two months and my bank wants to have a meeting with
me on Friday to discuss my investments. They have been giving me money left
and right because in their words "we would be fools not to lend money on
properties like this". Maybe I'm doing something right, and for that, I thank
you very much.
Brett James