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

Is now the right time for you to buy a home? You have many options to consider and choices to make. Buying a home is a big responsibility, financially and emotionally, but, most people want to own a home. Homeownership often is referred to as "the American dream." Why is it so special? Among the reasons: Real estate often is an excellent investment, perhaps the number one source of wealth-building for families.

I have been researching a purchase list of homes purchased in my local area over the last 90 days to find some potential buyers. I came across a foreclosure property that is owned by Wells Fargo. How do I contact the bank to inquire about the property? The home (based on comps) looks to be worth $100,000 more than they purchased for 7 months ago. I am new at this and haven't done any deals yet so any suggestions or advice is greatly appreciated! Thanks.

I just had a question as to how your realtor makes money during an assignment and a double close. I'm assuming they would make a commision on your "A-B" transaction but will they also get paid off the "B-C" transaction during a double close? And how do they make money on an assignment considering you never actualy close on the property? Thanks!

This will Rehab # 68 for us; & the 4th project that we do together with Ryan. The owner of this property saw Jill's car sign, "We Buy Houses" at a shopping center, called & we took a look at the house.
It's a 2 bed/2bath/1car, about 1100 sq. ft. of living. The seller is tried of being a landlord; he paid 76K for it, it's free & clear, & we are paying 42K. We'll put on a new roof, applainces, paint, carpet, etc.(about 10K total) into it & sell for 63 to 65K. It should about 3 weeks to complete.
The seller also has another rental he'll sell us when that tenant leaves...always have something in the pipeline!

over and over

and LEARN

thers is NO shortcuts

Most of the people on the Cashflow Club of Facebook already know this by now, but I wanted to share this, to give others hope that it can be done! This experience wasn't easy & we only made $500 in profit, but we got a $3,000 education for free & are looking to do the next deal.

Some of you will think, "only $500... why?". My rei partner & I didn't run the numbers good enough the 1st time & by the time our offer on this hud deal was accepted, it was too late to change it. Hud will not bend any rules, nor negotiate. You only get one first & final shot at an offer, unless something drastically happens to the home while it's under contract.

Looking for a cash buyer for Tampa Florida discounted properties that are available. 3 of these properties need minor repair work, and 1 of them is a Handyman Special.

These single family homes are from 39k to 46k. Please pm me for more details and if interested.

Thanks
-Lesley

I have a 4/5 BD 2 BA home for sale in Greensboro, NC. Asking $43,300. ARV is $92,000+. Rehab is estimated at $15-20K. Rent for $850/month. PM me if interested.

How would you folks go about approaching a home owner ???...Being when i go over in a day or so to go over what repairs would need be done how do you guys go about doing that without nitpicking everything?...is there words to say or not say?...for there starting off with an asking price of 125 but zillow (Not knowing how accurate they are?) says its about 71?...but properties like that have been selling all recently up to last year for quite a bit more ....?

I know i need to download and print off one of deans inspection sheets ...whatever he calls it?...lol

Sorry but not sure if that is the best way to ask or not?...I dont do well with words sometimes...LOL

Step 1) Try.
Thats all.

You know what you need to do. You can find a house for sale and you probably already know of 3. If you are afraid of your own ringing-telephone or your very own closet full of bandit signs? You should probably just give up and go back to your jay-oh-bee. I don't have the cure for "zombie-dog"

Step 2)Accept this Fact.
Every house is sellable and buyable.

YES! Every one of 'em! Of course, you will always find houses you don't know what to do with,sellers you don't know what to with, situations you don't know what to do with. NEXT! If nobody wants it>? The bank will end up with it...or the Tax Man
and it WILL BE SOLD. M.O.O.N... that spells buyable.

Step 3) Get your "I Buy Houses" tin-foil hat on!

I Buy Houses.