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


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