It's been a long time.  I've been working on a HUD home that my money man wouldn't pick up.  ARV  $129,000  repairs 10k list $28,000.  SOOOO, my son bought it.  We just couldn't let it go.  AND it's local.  Wells Fargo is doing the financing.  So far it's been a real adventure with Wells Fargo, to this very minute, they are a month late in closing with two extensions.  My son signed papers a week ago and WF is still trying to source the payment of the first extension fee.  MORONS!!  
The house started at $99k.  We had it under contract 3 times at 3 different prices.  When it came out at $28k, we had to jump.  So many little tangents to this story. 
I just got a message this very second that it might have funded.  wow.    So, I'm off to call title.  if it funded, I gotta go break in to a house and paint it :).   Before and after pics are coming.
Reviewing “Cash Flow Machines” by Andy Tanner
4 months ago
 
