Sunday Call

I got my usual call on Sunday.  Of course, it is always an emergency.  I went to check on the 'water is coming out of the ceiling in 3 places and I've got water every where' call.  After checking it out, there was a little drip, handily dripping into the bathroom sink.  We replaced the hot water heater last week which probably caused a fitting to come loose when the water was hooked back up.  The repair will require the opening of a wall to locate the problem.  So I calmed down the tenant, calmed down myself, and alerted the maintenance man to take care of it on Monday.  Back home to my hammock.  Happy Sunday!

It Works

I did one of those things that you only read about in those real estate how-to guru books.   In my 15 years of acquiring real estate this is the first house purchase that I have  done in this manner. 

The sellers did not need the cash.  They accepted my offer to buy on contract for deed with  $2,000. down.  I will be purchasing the house with low interest and pay for it over 10 years with the right to pay off at anytime.

 They are getting a better interest rate than in a CD.  I am paying a lower interest rate than at a bank.  And my out of pocket was only $2,000.    It is a win-win for both of us