Offline* This post is originally from MsIndiana317 *
I have been working on a deal since early December. Went back and forth with the owner for over a month. Finally got the property under contract late January and have been trying to flip it ever since. I am just now getting it sold, will close sometime next week:)! The potential profit went from $10-15k to now $3k. I know something is better than nothing and I am so glad to be done with this deal (if only you knew what all this deal entailed!). If I had the capital, I definately would have bought it myself, because I know it would make a great return.
Anyway one day last week, I thought of a guy a I know who buys property. Initially, I did not think he would buy it(as he usually buys them SUPER cheap) so I didn't bother. But then I said what the heck asked anyway. He liked it and we worked the numbers out. To make a long story short, don't necessarily rule anyone out as a buyer until you ask. I showed this property every other day for the last few weeks.
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Sac-TownsFinest wrote: I would like to add this deal was a probate deal and we were able to bypass the probate process (depends on the state you live) and do the deal without going through a formal probate process. I have been working with MsIndiana317 on the deal since Dec. After many negotiations with the seller and going back and forth, the deal finally closed friday 2/25/11. For the newbies out there, try getting a mentor to help you along the way. It really helps! I'm in California and MsIndiana317 in Indiana. Just proves no matter where you are you can do deals and your mentor does not have to live in the same state. I am looking for deals in Texas, Oklahoma, Florida and California. These are states that I want, however I am open to anywhere in the U.S. If anyone has a potential deal they need help and want to partner up split 50/50 OR would like to birddog, PM me. I am always looking for deals, especially probate (when person is deceased). I am a seasoned RE investor of 7ys with experience in all.(subject to, lease option, probate, mortgage assignments, fix and flip, buy and hold, wholesale etc. I hope this helps and gives the newbie encouragement to keep pushing. Have a great day DG family!
To get something you've NEVER HAD
DO something you've NEVER DONE.
Hard work coupled with a good mentor pays off.
To get something you've NEVER HAD
DO something you've NEVER DONE.
I am new to the DG family, and if there is a Mentor here in Colorado, I could use some help, thanks.
I'm in California. I can mentor anywhere as long as you have a cell phone. LoL
Have you tried your local RE investing groups. You can just google and you should be able to find a few RE groups.
To get something you've NEVER HAD
DO something you've NEVER DONE.
I'm from Bakersfield, too and moved to Sac a few years ago. Is Natomas close enough for you? (Smile) I'd love to meet ya!
When you don't have more, you have to create more. - Cre8mour