Hey Chuck and Bill, wanted to give you guys an update from my last letter I sent a last year.

Deal 3 in my previous letter actually appraised at $66k NOT $39K!!! If your gonna miss calculate your profits, it's always best to miss on the low side!

Deal 4 - purchased a 2bd/1ba HUD repo for $23.5k, changed the locks, cleaned the place up a little and had renters in within one week of closing. Cash Flowing $150 + per month after expenses and debt service. Prior to closing, it appraised for $50k even!!!!!

Currently working on

Deal 5 - probate home from surviving children, 3bd/1ba house by small 2 yr college in town. Last appraisal was for $48.5k, should get it for around $19 or 20k!

Deal 6 - Bank repo 3bd/1ba home, valued at around $55k, negotiating and should complete purchase in the low $20s

Deal 7 - Bank repo 3bd/1ba home, valued at around $49k, again should come in for low $20s.

I have also started a website for our rental company and use it to move the houses we move to our Tenant/Buyers.

Thanks for your great book and information, if you have any updates for the CD please let me know.

Dave

MSgt David Sanders, Indiana Air Guard