My Deals

I met this guy who deals with disstress properties. He told me it was come first come, first served I did my reseach in the area when and took a look at some of the properties then I made my offer, but then he sends me an e-mail which i just got this morning, saying he needs to see proof of funds letter from my bank or lender and contact info to go with any written offers. At this point what do I do? Do I need to contact my buyer? If so do we need to make some kind of a contract since am the one who found the person selling and have already placed offers Or is it a loss for me at this point?

After coming back from the EDGE and geting sooo much info and insight from all the great speakers during and after their presentation. I couldnt wait to get on the ground and hit the streets running with all the new things I learned. locked up a deal long distance in FL. Never physically saw the place but had friends down there who went and looked at the property for me and took pictures. They are fellow dgers that I was networking with and we have become good friends during this and before.They have been my eyes and middle people through the whole deal. Lea and Denny.

After 3 months with the success academy we found our first house. It`s an reo,that needs a total rehab but FMV is minimally $115,000..and an identical house next door is on the market for $150,000. It's in a great location and town. We worked out the PMI fast cash offer, got an estimate for rehab ($36,000. to make it all brand new) and found the maximum offer should be $58,000. Our realtor suggested we make a cash offer of $40k (the house was listed at 100k) so we did. The bank countered with 69k. We came back with 47k and they said bottom line was 52k..we agreed if they`d pay closing costs. They finally agreed, but jumped up the price to 53,200. which is still within Dean's formula.

Hello Everyone,

I am trying to find out the complete details on how to complete a Double/ Simultaneous Closing deal. Also, can someone provide me with insight on whether it is a good idea, in order to find a buyer quickly for a property, to list it with the homebuyer network. Please spare NO details!!!!!

I met with an owner to present a potential offer on a property which involved 20 units in 5 apartment buildings, however I believe that the owner is highly motivated yet unrealistic. I requested her rent rolls, financial statments and at least 3 years of tax returns. The owner seemed to be game yet coy. What I wanted to know is how can I get her to play ball. I know about projecting the rentometer and CMA(s). I need to devise another plan to go at this owner. Does anyone have any ideas. The owner keeps telling me that I should not go on the currents rents she is receiving (because she proposes that the rents can be increased). The properties are in a high crime area but I believe with the right negotiation that the is potential here, if no more than to flip this property.

2 bed 1 bath for sale located in cleveland ohio
for 38,500 w 105 st cleveland ohio 44102

Well where do I begin. I was out of town and saw the price on this house drop in price from $49,900 to $44,900. When I returned I called my realtor and we went and looked at house. I put in offer for $35,000. It's a 3BR 1BA 2 story home with detached garage. The counter was $44,500. Not much to work with if you know what I mean so I thought it was a dead deal. But it's alive because the seller's realtor called mine and asked if I would meet halfway. Well went home did some numbers over and I think I even looked at it again. I placed offer for $38,000. Okay this is where the learning begins. Seller countered $40,000. On my own I probably would have thought $2,000 isn't much but I didn't rush in this decision.

I had my first meeting set up for Sunday for my very first deal with an out of state seller and was so excited. She never called me! I went to the house to leave a note in case she lost my number and there's a for sale sign on it as of this morning! Found an abandoned house, now a HUD ,nobody knows anything about it! My realtor couldn't find it, it's not on the HUD website and I even called Citimortgage head office and they don't know either! How do you stay motivated? I'm unemployed, the truck payment is late, my mortgage is late and my husband is working seven days a week. I know a lot of you have been where I'm at right now. How do you keep excited. I'm not a quitter but I could use some words of encouragement.
Thanks.

Somehow with all of the knowledge and assistance from Dean's book, my DG Family, and even Dean himself, I have my first P&S agreement!

This is a 4 bedroom/1 bath single family home in my hometown of Lincoln. I plan on using one of the bedrooms on the first floor as a dining room since the kitchen is not too big.

Families Matter, LLC believes in providing quality structurally sound houses for home owners. Our investment approach is to provide our pre-screened tenant buyers a 100% renovated home in a safe neighborhood. Once the tenant buyer is placed in the house, we immediately start qualifying them for a mortgage with a qualified mortgage professional. You, the investor will receive a monthly cash flow along with the back-end cash out whenever the buyer qualifies for a loan.

We currently have a 3 house package that is collectively cash flowing at $2000 per month!!!!These are quality brick homes on quiet streets. You, the investor, can purchase these homes at 75%LTV. There are no repairs and the homes are in pristine condition.