| I received a check from the title company for $10 000 A... "I received a check... |
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Sat February 18, 2012 |
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Zero Down Real Estate Investing Joe Crump 
"I received a check from the title company for $10,000" "A seller and her husband had been renting out their home and had their last renter had run out on them... they just wanted out...the place was a mess: It smelled horrible, there was trash everywhere, holes in walls, grungy bathrooms and the kitchen looked as if somebody had taken a baseball bat to it. Comps I had run placed the property to be worth about $90,000 in perfect condition, which this home was far from. I faxed them a Purchase Agreement on the home for $37,000, which they accepted on January 22. I promptly called an ad I had seem in a local paper placed by a contractor who purchases homes. We met at the home and it was right up his alley... he offered me $47,000 for the property if we could sign an Assignment contract that day... we signed on it only one week after I had first seen the property. The deal closed and on the Feb 21st I received a check from the title company for $10,000! I'm still in absolute awe about this but I cannot wait for the next deal to come around. I must say that I have never come into that much money at one time and never with such a relatively small amount of work on that one particular project. Amazing!" Ryan Cerchiai
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