House Update

New Toilet.jpg

I wrote a post on my real estate blog, Real Estate Dialogues, with before/after pictures of my first investment property in Ambridge, Pennsylvania.

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I’m buying a house!

ambridge-house
Keller Williams Realty

On Tuesday I will buy my first investment house in the Pittsburgh, Pennsylvania, and I’m beyond excited! I was slightly nervous when I hadn’t heard when the closing date was, and was quite relieved to hear from my title agent.

My son Seth and I are flying into Pittsburgh Tuesday afternoon, and will be in town for at least 4 weeks as we rehab it. It was built in 1926 and needs a complete remodel.

I will be posting before and after pictures here as we restore the beauty of this home.

Investment Home

Last week my sons and I drove 21 hours to the Pittsburgh, Pennsylvania in search of purchasing an investment home. We spent a great deal of time in the town of Freedom where my cousin Kevin lives with his family.
I found a beautiful home for $76,ooo that didn’t need a lot of work, but the price was too high for our budget. My heart and soul REALLY wanted to buy that house and keep it as a rental home for extra income.

nice-home
Photo Credit: Berkshire Hathaway Preferred Realty

Yesterday morning I found a great real estate agent who works with investors looking for properties and actually sent me a list of homes under $50,000 while we were still on the phone. Both Jim and I combed through the list and hope that we can purchase one soon, and then fix it up and sell it for a nice profit. I have so many goals for this business and look forward to finally buying one.

Please pray that I find my first profitable home!

I found a financial partner!

I’m excited to announce some great news: I’ve found a finance partner for my real estate investment business! He funds the full loan amount with the exception of the appraisal fee, and I can put down as much money as I want and receive more of the profit, or put no money down, and they keep a small percentage of my profit.

One of my closest friends, Anthony, has always wanted to flip (rehab) distressed homes and then sell them at retail value, and has agreed to do the rehabbing projects for me. He lives in New York, but we will focus on the southern area of New Jersey. Anthony is REALLY talented in updating homes that need a lot of TLC.

Now that my twelve year old is back in school, it’s time for me to focus on my business and make some $$. The new family theme we chose about reaching our potential includes me putting the time and effort needed to succeed, which is precisely what Jim and I teach our sons. For effort, time, and faith in yourself = success, because even our mistakes teach us important lessons that lead to achieve our potential.

I updated the theme of my real estate business website to reflect my business cards. Click here to check it out!