Posted by Sherman Ragland on June 28, 2001 at 21:52:26:
Just did my first deal, thanks in large part to Steve, who I met at the Convention in Atlanta.
Paid $24,500 for a 2br/1ba just outside (as in 1/8th mile east) of Washington DC. According to Steve, I am to be commended for “setting a new low record” for the neighborhood. The “average” selling price for similar homes in the neighborhood ( as in on the same block) is $75K to $120K. In fact, this was a bank REO in which the bank foreclosed on an $89K mortgage in December of '99.
Steve is very detailed and VERY current on how to do this stuff. I also have Bronchick’s materials. Bronchick’s stuff was great to get me in the frame of mind, Steve helped me do my first deal.
Just one guy’s opinion.