prosper-inc’s posterous

We have purchased our first property to flip and it feels great. My wife Vicki and I have been very interested in Real Estate investing for quite some time now. We have read books listened to seminars and looked at properties but had never taken it any farther because we were worried about the risk. After attending the wealth expo in Toronto we decided to sign up for a personal coach… Our coach has given us the confidence to go out and really begin real estate investing.  Cameron has really simplified things for us and given us the added knowledge that we needed, as well as reinforced the important things that we already understood.  With Cameron’s guidance we were able to learn how to easily find and target strong areas in our market for resale and rentals, evaluate properties, build a strong power team around us, understand the offer process, and understand the purchase agreements and safety nets that we can use, as well as many options that we can use to make our property profitable even if something happens (such as if the market drops and we didn’t foresee it).

We are in a very aggressive market where property is selling well above the asking prices and the average days on the market are under 18.  With coaching we have found our first property which we have purchased for $92,000.  We will be adding a detached garage, finishing the basement, cleaning the upstairs and the floors and re-doing the kitchen for a cost of $25,000.  We are confident that we will be able to sell the property for $150,000 plus, for an expected profit of $20,000.  We will be doing very minimal work ourselves as we are now seeing deals pop up all over and we want to spend our time finding creative ways to get some more deals under contract.  With our new knowledge and the support from the resource line we plan on flipping 1 property per month over the next year as well as adding 6 rental properties to our portfolio.  We are expecting our first child at the end of August and we are very excited at where are lives are heading.  Thank you very much Prosper Inc from both of us for all your help, motivation and guidance.

Darren & Vicki P.

Beausejour, MB, Canada