Latest REO Deal – House #22

PA190002This is the last house we closed escrow on.  It has decent curb appeal, not my favorite colors, but it gets the job done.  My favorite parts of this property is it had a 14,000 sq ft lot and we already have a tenant ready to move in.

Our heating and air conditioner contractor went to prepare a quote on this property and he said he wanted to rent it.  That works for us.  He wants to import equipment from China and store in the back extra lot (which is fine with us as well).

We made a budget on the property today and it is a little bit more than I was hoping, but it’s still a great deal and truly one of those worst properties in good neighborhood which is just what we want.

I have been handling calls to rent House #19, tons of calls a couple showings tomorrow. I am trying to be really picky and rent to the right person.  Wish me luck!

Not really much else to report today.  Working on closing what we have in escrow and trying to find a couple more.

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One Response to “ Latest REO Deal – House #22 ”

  1. Steve,
    Im not sure what type of neighborhood it is but if it is a decent neighborhood you may want to consider putting a realtor lockbox on it and then generate 1 day codes.

    This is what I do then when they call I get there email and send them instructions on how to view it and let them know they are the only one with the code for security reasons so don’t give the code to anyone else.

    Then I can track who went in and when and feel pretty secure about the whole thing.

    If they like it I use transunion for there app and send them a link which they pay for and fill out and I get a copy of it.

    Sure makes it a lot easier.

    good luck and how much does this thing rent for?
    .-= Curtis Gabhart´s last blog ..Twitter Weekly Updates for 2010-01-10 =-.

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