(01/18/2013) Jeff Gann is an experienced investor. I met Gann about five years ago. He called on one of my REO listings and we have helped him purchase multiple REOs to flip.
Gann purchased this home all cash. His initial deposit was $5,000 with a 15 day close. There were no seller concessions. This property was below market due to its condition. Gann plans on rehabbing this home and putting it back on the market for a profit. (See Gann’s flip on 04/26/2013)
Congratulations on your new investment property!
Readers: You too can make smart real estate investments. Feel free to email me or call me at 209-380-7748
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* Deed Restriction: All Cash transaction are subject to special Deed restrictions (cannot flip for 90 days). Bank of America, N.A. employees and employees household members (including persons deriving their primary means of financial support from a Bank employee) and business partners of the Bank are prohibited from purchasing this property, whether directly or indirectly