OfflineWELL ILL START BYE I JUST FINISH DEANS BOOK I WOULD LOVE IF SOMEONE COULD POINT ME IN THE RIGHT DIRECTION ON HOW TO GET STARTED I CAN GIVE A NUMBER SO SOMEONE CAN REACH ME I HAVE A FEW QUESTION CAN SOME HELP ME IV BEEN DO WITH THA BOOK FOR ABOUT A WEEK NOW AND I CANT GET ANYONE TO ME AT ALL IVE ASK THE SAME QUESTIOM 100000 TIME MY SCREEN NAME ON DG SITE IS LRWATKINS IF SOME ONE COULD TAKE SOME TIME AND PM ME I WOULD LOVE THAT I CAN GIVA A CELL PHONE NUMBER SO THERE WOULD BE SO MUCH WRITING
THANKS AGAIN
LRWATKINS
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I finished reading deans book about a week ago and I am excited and motivated to get started. I have filed for bankruptcy and had a foreclosure since 2003. I found a house where I live that is for sale and would like information on how to go about buying it. Heres the deal...It is listed by a realtor, the owners are passed away but the house is in an estate with the surviving adult children living out of state. THe like properties in the neighborhood are selling for over 100K but this house needs some updating and minor repair work to bring its value up. It has 3 bedrooms 1 bath, a full basement, 3-4 window a/c units,a gravity furnace and is for sale for less than 70K. I think with some sweat and a little work it could be worth 100K. should I offer enough over the asking price to pay the realtors commission. What I was thinking was this 2 scenarios. Offer, 74K, nothing down, owners (surviving heirs) carry note for 8% for 5 years with a balloon payment at the end of the 5th year. I could live in the house, make the payments while I fix it up alittle, (I am pretty handy when it comes to upgrading alittle)then sell it for a profit of about 25K in a couple years. OR get an assignment contract, offer 70K, try to find an investor buyer and sell it for 80K at a closing in 30 days. I would like to get an assignment and close in about 30 days, over that time try to find a buyer who would pay the 80K. WHich way sounds better, or am I off on both? please help..Thanks
tkdtom