7th Jan, 2010

How I Made $50,000 on my First Real Estate Deal Even Though I Did Everything Wrong

I first got interested in real estate investing about six years ago after watching a late night Carleton Sheets infomercial. I ordered the course, and after reading it from cover to cover the day the UPS guy dropped it off on my doorstep, I was chomping at the bit and ready to make my first million!
Fast forward two years and I had my first rental property……along with a couple of deadbeat lease option tenants who decided to trash the house and skip town for Alaska in the middle of the night.  True story.   Had I bothered to screen them properly, this could probably have been avoided, but I was so eager to get a paying tenant into the property that I didn’t bother.  (Mistake #1).
I still remember walking into the house after they vacated, and almost getting sick to my stomach- partly because the place was a filthy disgusting […]

Original post by Stephani Davis and software by Elliott Back

Real Estate Flipping Lease With Option

Leave a response

Your response:

Categories