Newbie closes first S2 deal this week!

General Real Estate Investing
1

WOOHOO!! :shocked

I started learning about S2 investing in November and after some aggressive marketing in Dec/Jan, I closed my first S2 this week! I could not have done it without some one on one coaching though.

Deal details:
Loan balance $120k
Home FMV $150k
4BD/2BA in a great neighborhood
Great loan

Exit strategy - lease purchase

The deals are out there!

Onto my next deal I hope this next week!

2

You’re in Texas, you may want to read on Texas’s law regarding lease options… an RE lawyer might be able to explain it in details.

3

Way to go! As a fellow newbie, I am inspired. :bobble

4

Way to go!

You said you had some coaching. Did this come in the form of course you bought or did you just happen to know another investor? If a course, which one did you use or recommend?

5

Thanks Fadi. Yes I am aware of the disclosure and it was in written format telling the seller about the “due on sale clause” and they have a copy of the ppwk. I had some one on one coaching by a very reputable S2 person in Houston so I am comfortable we are ok.

6

Thanks marktheshark and jrb619!

It was thru one on one coaching by a local S2 investor. He offers some training if your interested - PM me.