Last week I wrote about how I adjusted my strategy to better compete with professional investors.  Well, it seems as though it’s worked!  My very patient Realtor send me a one line email this morning that read, “Congratulations we have a deal! I will have a signed contract back to you today!”  

My response? “Well, I guess we should go check out the property to see what I’ve gotten myself into!” 

The property in question is located in a working class suburb with a decent school system.  I know the area well as I lived just a few blocks away until I was six.  It’s not the most ideal neighborhood to flip as property values have not recovered materially since the real estate crash, so we intend to rent this one out.

Since I haven’t walked through the property, fingers crossed the rehab is only cosmetic.

Photos after the jump.  You say dingy, I say opportunity 🙂

Seller recently updated the siding. Cute!

Cabinets were recently updated, but I’m not a fan of the color. Replace or stain? 

Cute built ins! Carpet has to go!

Ugly now, but looks promising!