My Deals

Hi DG Family,

I just purchased my first property by using this course. I have decided to keep it instead of doing an assignment. I am actually going to move in it for 3 months while my house is being finished, refinance, then take money out to purchase another one. It happened in just a little over a month after joining this forum. I am getting many calls and e-mails about potential properties also.

Thanks DG Family for all or your encouragement and support. You're the best.

If anyone is interested in partnering for the Charlotte, NC area please let me know.

Yours in Success,

Jai

Hi,

I am a newbie and have found a great HUD property with amazing return potential. However, I am told that HUD does not really like to do the bait and switch of doing an assignment so I figure I would contact some buyers to let them know of this home for a finder's fee. How do I give them the information and be sure that they will give me a finder's fee for it?

Thanks,
TT-0

Hi everyone,

I just received Dean's book on Saturday. I am almost through it. However, after cruising on Craigslist, I found a property that seems to good to be true. I need advice about what to ask the owner of this property to make sure I don't jump into something and get burned.

So the details of the property are:
- 0.72 of an Acre
- 3 homes on property zoned retail
- Price $312.000 O.B.O.
- Adjaicent popular daycare chain (soon to be built)
- 1/4 mile from Super Target Development Property

At $312 (unbelievably low), I am wondering if back taxes are owed or some other surprise that might be lurking. Any suggestions on the right questions to ask?

Thanks in advance,
TT-0

Hey everyone,

I have a cash buyer thats telling me he only wants to pay $2k above what we have the property on contract for. Even if it is an amazing deal with a ton of equity. What should I do?

Accept this offer of $8k on my property locked up for $6k even though we told him $10k and its a great deal at $10k. The only issue with this is that he will expect this all the time.

Tell him Ok on this one but it will not be like this on future deals unless the $2k is what we are looking for.

Or just tell him to forget the whole deal all together and lose him permanantly as a cash buyer.

I really don't like people telling me how to run my business and how much I'm gonna make. Anyone have an ideas??

All the Best,

Jason B (Akron, Ohio)

Hello ev1, I had several questions about this property that I have seen up for sale. Its a very nice home and in a good location but getting in and out of the driveway can be a big challenge since it sets on a corner of a busy intersection. The original asking price was $142,000
now the owner has it listed for $127,000. Its been on the market as a Fsbo for awhile now. All the comps that I have come up with and the tax assessment all agree its value to be in the mid 120's. Is this a deal I should call on for assignment or lease option?

I just found a two unit rental that I am contemplating as an Owner Finance, but need some input as this will be my first one. I dont have the $$ to negotiate a purch price, so I am thinking about presenting an Owner Finance option. They are motivated to sell as a family member (who used to occupy passed away) and now they just want to get rid of it. Here are the details:

Take a look at my profile and if you are inteesred than respond in pm and let's make some money!

Hey Everybody,

I am a new investor, looking to make my First deal! I recently posted an ad on a classified website looking for investors.

Today i got a response. It went something like this;
looking for multi-fam 20 units or more. 86% occupancy. Owner must finance or carry back a second.

Is he asking for apartments, Condos, and or Town homes?

I'm guessing he would like for most of them to already be occupied?

Does anyone know of any good sites i can go to to search for apts and their owners?

Should I just charge him a finders fee, or is there a better way to go about it?

Thank You All for Your time! Any input would be Greatly appreciated!

This is my first post. So thank you for any help. I am working on first potential deal. It is a manufactured home sitting on 1 acre of land, and has been vacant since 2006. However, it is in exceptional condition, with some minor patching needed and cleaning. The grass is as high as the house. The porch and deck needs rebuilding. No one has been able to get any information on who owns it. Only a company name and no phone number. After some dilligent digging I made contact with a lady at the company that owns it. It is called Primera Financial Services, she says they obtained the property in 2006 from GreenTree. She says the property has not been for sale because she is waiting on a document from the investor. I am not sure what that means.