“I knew of a triplex property that was across the street from my own former triplex property that appeared to stay vacant. I researched the owner and wrote him a letter to which he never responded so I drove to his home, knocked on the door and made friend to the point that he said that he’d entertain an offer. I offered $200,000 (it is worth $250,000 with no issue), he accepted and I put down $4,000 and he finances $196,000 at 6% for 30 years, due in 5 years. Property is in good to excellent condition for a 40 year old structure. First mortgage payment is due 90 days after closing. We are closing May 1st and I am preparing to hit the ground running. Best wishes.”