Derek Dombeck loves creative deals, so when a friend offered him a defaulted note that he wanted to unload, he jumped at the chance to be in first position. For only $4500, he was poised to take possession of a 4-bedroom, 2-bathroom house … [Read more...]
954 » Deals Gone Bad #17 – When A Tree Falls On Your House 4 Hours After You Buy It – Tim Grimmett
The mentor of my mentor is Tim Grimmett, a St. Louis area investor since 1999. Earlier this year, Tim purchased a house for $5,000. The kitchen was burned out of the house, but it had good solid bones. He knew it’d only take about $7,000 to … [Read more...]