My Deals

I have worked hard, through trial and error, to develop a system to find probate and court auction properties. After being inspired at the 2009 EDGE event, I worked hard and completed my fifth successful deal and was recently refunded my initial investment. On my first four deals I made $14,150. Then I finished my first probate deal and with NO money in the deal I profited $32,000. Now I am on my second probate property and expect to make $50,000 plus, with NO money in the deal. If you would like to hear how we can partner up and make serious profits just use the private message option and I'll get back to you.

4 BED/1 BA Single family in Beaver Falls, PA. About 6 Blocks from Geneva College.

Current tenant is paying $600 rent + ALL utilities, including water and sewer.
Same tenant has been there for YEARS without any intention of leaving any time soon. The place is also ideal for college rentals.

My research points toward the FMV to be about $45-55K
No repairs are necessary. Code enforcement confirmed this -- everything checks out and rental certification is solid until next year.

I am now in Los Angeles, and have my funds tied up here.
As a result, I am looking to sell the property at $27,900, which is about 50-60% FMV. It's a great investment property with instant CASH FLOW and great ROI!

If you're interested, please PM me. I can provide more specific info and photos.

Just left the title company with a $ 10,000 profit.
It was on a Fannie Mae foreclosure we bought last March for $ 31,000. We rented on a lease option for $ 600/month, with a down payment of $ 3000 ... the tenant only paid for 6 months so we evicted them, remodeled the bathroom, paint & carpet (spent about $ 2000). Sold it for $ 49,900 ... not bad for 2 weeks worth of work.

I just finished reading Deans materials 2 weeks ago. I will be closing on deal No.1 next week, a lease option deal with a broker owned property. Deal No.2 is in the works, another lease option property which I will do the rehab on myself. I will go into full details as I am about to start my Journal. I don't even have a agent yet, but something tells me I'll have no trouble finding one. I would have never in a Million years approached or even thought of approaching a deal like these without the knowledge obtained in Deans materials. My next step, after my head stops spinning is to join the success team. Life is fun again.

Longhorn

My neighbor told my husband about an elderly couple that wants to sell their house so they can move to a high rise. So the other day I went to talk with them. They want to sell the house for $30,000. It is 2 br, 1 bath, 800 sqft, lot size 22,988. The house needs repairs...not sure how much. Was thinking of buy & hold for rental property. I looked up FMV on zillow.com it is $63,500, cyberhomes FMV is $39,612, local county assessment is $44,500. I'm not sure this a good deal because of the inconsistent FMV. What should I do next? Thanks!

Hi all... I have my first two real deals under contract and need buyers by July 15th.

I have them listed in the classified ads, but thought I would put a shout out here as well.

The first is a property that comes with a choice: purchase as is and then you can flip it, or partner with me and split the profit after flip 50/50. ARV = 370K all day long!

The second is an Indian River Waterfront condo with a tenant in place for his second year. Excellent rental history.

Both are located on the East Coast of Florida.

Please contact me if you or someone you know is interested in these types of deals. Together we can both make money!

Michele

I did all I can to keep this a no RE weekend to no avail

I had my son in the stroller walking around Bed-Stuy and what do I see;

A FSBO home

I took down the number and got a defensive earful from the owner;

"I been hearing from agents from the moment I put the sign up and all I have ever gotten was lowball offers and from all of them. Before I hung up on them, I got their personal info to make sure that if they called, they would get hung up again."

I quickly let her know I would present the full priced offer. Just so you're wondering its a 2 family brownstone where they're asking $799k in an area where the homes in comps are going for $995k. I immediately sent an e-mail to my normal steady investors and 5 of them were interested.

Is there anyone on here that would like to hold their property instead of just flipping and getting a fee???

I've got access to homes in the ATL, Orlando and Kansas City, MO areas that are good cashflow properties. Most of them are in 'transitioning' neighborhoods that welcome tenants with programs where you can get a guaranteed check, pay your mortgage, low overhead and have money in your pocket afterwards.

You know where to find me

Thanks to Bill O'Rafferty's Edge presentation and forum posts I was able to find the perfect "subject to" property and and found my tenant buyer the next day!

I told a Realtor friend of mine in PA about the Hostile Takeover method of buying that I learned at the Edge and that week he called me with info on a woman who was 2 months behind on her mortgage and had vacated her property because she could not catch up.

I met her at the property and after explaining that I could relieve her of the dept and restore her credit by paying her mortgage for her she was all for it.

Hi evveryone. I have been trying to get started on the real estate business for a long time now and I've finally got the time to devote to it. I have been online making contact with buyers and sellers for a few weeks now and finally I've got a couple of opportunities come my way. My problem is that I am absolutely stuck now. I don't know where to go from here. Here is the deal so far. I made contact with a seller that has a property that he ownd outright. He purchased this house and fixed it up and now wants to get rid of it in order to liquidate his money to fix up his own property. He's dropped the price by 11,000 after already being down 6000 off FMV. I have no money for inspection but it looks really nice.