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Friday, February 5, 2010

A Real Estate Miracle Gets Even Better!

To continue the story from yesterday about the Duggars' commercial property miracle...
Jim Bob and Michelle began clearing the property and discovered how much potential it really had. There was even a parking lot buried under the branches and brush. Just thirty days after purchasing the property, a real estate agent brought Jim Bob and Michelle a client who was willing to rent the property for $1,200 a month. The contract stated that the renter could buy the property in 24 months for $250,000. Two years later, he decided to purchase the land for a quarter of a million dollars! This 3-acre lot that the Duggars had bought for just $65,000 had already provided a nice sum of money from the rent checks, and now they were going to receive even more! Come back tomorrow to read about how they invested that money into a property worth $1 million without borrowing any money!

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