prosper-inc’s posterous

I started up the program in the London where I was on a working holiday visa soon found out I couldn't borrow any money in the U.K. because I hadn’t been living there long enough for anyone to be able to check my credit.  So I decided to move back home to New Zealand in January. After that I learned how to revalue the properties I currently owned, which allowed me to release the equity to do more investing.

After looking and analyzing lots of deals, I purchased a run down property in Northland Wellington for $340K.  I cut the lawns, repainted the front and inside of the house, and cleaned up the excess rubbish. I sold the house privately two months later for $367,500 to someone who wanted to finish off the renovations themselves.

Since then I have Left my job as a carpenter and have started working full time thanks to Prosper Inc as property finder for Investment Company sourcing properties deals to sell to other investors.  The last 3 sales I have completed have been on assigning property contracts to other investors making a $5000 profit per deal.

Currently I have 3 properties in locked up contract which are ready to be on sold.  Not bad for some who is only 24 years old?

Tom C.

Wellington, New Zealand