A Pactrust ™ Deal Part (2 of 5)

recorded the Memorandum of Option, then over to the newspaper office to run my ad: NO BANK QUAL NO DOWN NO CRED. APP 3 Pmts and Clos Costs Moves you in. Nice $165K 3+2 Home. Needs TLC. xxx xxx xxxx March 18: I have my friend “Bob” put a coat of gray paint on the front of the house and have him frame all the window and door openings with 1 X 6 boards. He then paints all the trim a nice bright white. We then take all the trash that is in the front yard…and throw it all in the back yard. Next, we Roto-Till the front yard and plant some flowering bushes along the front of the house and along the walk. After two or three hundred dollars at most, the house looks quite “cute and cozy (as they say)” FROM THE STREET (‘called “Curb Appeal”). The plan is to THEN (and only then) begin work on the rest of the house, in hopes that someone might just drop by and offer to do the rest of the work for a reduction in price, before I’ve had to spend much more money. March 20: Bob dismantles the “things” that will eventually have to be repaired (e.g., ‘pulls the tub away from the wall where the dry rot is, removes the window sills that don’t meet the wall, takes the doors off the kitchen cabinets that are to be resurfaced, etc. (no work, just partial dismantling…creating the illusion of “work in process,” so to speak). Note that even though I haven’t exercised the Option, I’ve spent about $400 at this point for everything. Find out next week what I say to the seller.