Buying Foreclosures, REOs. Short Sales, FSBO, MLS and More

Can you really do assignments with a real estate agent involved? Do I have to have proof of finances or money down? I can use as much help with this as possible. Thanks

I need some opinions. I was recommended this site www.cfsflex.com by my realtor. Both indicate I can qualify for a mortgage one day after a foreclosure. Can anyone verify this?

Rebecca Swanson
Phoenix, AZ

I found a property in a good part of the Phoenix az area. I ran comps for homes that closed within 1 mile that had the same beds/baths, +/- 20% of sq ft, same number of levels, and closed between now and may 1st of this year. Comps came out suprisingly high and the asking price is pretty low... the property needs some work but the thing that I'm concerned with is the property is not connected to the city sewer system. It has it's own septic system and I'm wondering if that will change the value of the home vs the comps I ran.

I am looking for someone who is serious about making money doing their first deal with me, I will give you simple instructions no money required just a bit of time driving your neighborhoods on the way to work, home,grocery stores etc... you can send me a message on this sight by clicking my picture and you can read my bio and see that I've been here a while and have many posts and a journal. I am not selling you anything, just trying to get a team together in a certain part of TX--I am a REAL Person not a spammer, scammer or deal stealer! Call me and lets get this done!

Hey all looking to do deals in Dallas plz PM me! I woukd like to Partner with anyone trying to do their first deal lets team up so look me up! Thanks
KatWholesales in TX

Everyday, I review listings on many properties and I always remember some listings in Hawaii that were on the market for more than 900 days. I called these sellers stubborn rather than motivated. Today, we HAVE A WINNNNERRRR!!!!

I found a property that has been on the market for more than 2,000days. It was listed in 2008!

I could not believe it. So when you are looking at dates the property got listed, always look at the year. The DOM, days on market, could be an indication of a motivated seller. Believe and Achieve! - Joe

23,279.06!!!

Dan and I made a chunk of change today!! Our oldest lease option finally is finished!!! The tenant buyer exercised her option and refinanced the home, paying us off. This deal started in 2009. WOW what a journey. I am so pleased... Thank you Dean and Success Academy staff! We are so thankful. Am I going to do this again?? You bet I am!
We have another under contract Repeat what works....right!!
__________________
"Don't tell me I can't, Tell me how I can."

Just left the title company with a check for $ 59,900. It was from the closing of rehab # 67: Bought for 35K; installed new kitchen cabinets/counters; appliances; paint; carpet; toilets; vanities; light fixtures; ceiling fans & had a new roof put on, total
spent on was about 10K.
Profit of about 15K for 3 weeks of work on this house.
We've started on the next rehab a couple of days ago; are having a roof put on another property we aquired 2 weeks ago; & are doing an inspection of a REO
property that the bank accepted an offer last week, this one we are also doing with Ryan(Cub).

When the market bottomed out several years ago due to foreclosures, a lot of it had to with bad loans – no doc loans, adjustable rate mortgages, etc.

However a new study just came out that shows “math-challenged borrowers were five times more likely to default on their loans.”

This was a research project that Stephan Meier, an associate professor of business at Columbia Business School, authored along with economists from the Federal Reserve of Atlanta and the University of Lausanne.

A portion of this study was published on CNNMoney’s website. “Borrowers with poor math skills made up a higher percentage of homeowners in foreclosure during the housing bust than those who were skilled at arithmetic.”

Yesterday I found a property on the MLS that was listed as a single family home. It had been listed for exactly 100 days. Let me just say that this place looked rough according to the pictures and for the life of me I don’t know why an investor hadn’t picked it up. So I went with my business partner to look at it and see if there is anything we could do with the property. Much to our surprise, when we got there we saw that it could very EASILY be turned into a duplex! This immediately adds some appeal to our buyers. We calculated a rehab and ran the numbers and decided to put in an offer.