[Jim Cattedra]

Jim Cattedra

Jim & Kathy Cattedra
We have been buy and hold RE investors for 25+ years in San Diego. It worked well, but we realized it was luck, not a directed investment effort. Three years ago we started to learn creative RE from numerous sources, seminars, and 3 RE investor clubs. We now are qualified as RE professionals, but have so much more to learn. We are passionate about RE investing and how to make a deal work.

Thats why we love Jack Millers ablity to throw out solutions, just like turning on a facuet. We expect this web site to be a goldmine of learning.

We are now investing in 4 states.

I just purchased a house in Texas for $45K, the repair is $20K, and the ARV comps run $110 to $90 K. My Realtor offered to buy my contract twice, at $5K and $10K,after
my purchase my Realtor lined up a lease buyer for a $113K sales price, with a lease payment of $900 per month. The buyer needs credit repair for a year. The house is in an unincorprated open zoned, eclectic area, three miles from a desireable town with good schools.

BIG QUESTION THIS WEEK IS: Should I go ahead with the fix up, lease to the potenial buyer in expectation of a sale at 113K? Or should I offer to sell the house to my realtor for 65K AS IS, and get out of town?
Out of state fix up and leasing can become costly.

Any advice is really appreciated.

Jim Cattedra
[email protected]