My Deals

I have found a house that I think is a good deal, but don't know exactly what the right approach is for it. I found a house that the owner has 2.3 million into it, it appraised around 1.8 million and is listed at 800,000. The agent I talked to said there are no banks involved, so I take it the house is paid for. She said the owner is desperate for an offer and said he would probably accept 600,000 for it. The problem is I don't have any investors interested in something this big. Do I try to get it under contract and then get busy and try to find an investor to assign it to or is there some other approach I should be looking at. Any advice would be greatly appreciated.

I will make this short and to the point. I have a seller that have some properties that he want to sale. Dean I'm still in your sucess class. he talking 8 million 6 million in Metro fine area. He have call me five time in oneday. he need to talk to someone with more experience. I call about a property that in good economic its go for 1.5m his let it go 699k.

Well last night I went and locked up my first property and it was on a lease option!

What an incedible week it's been. On Tuesday of last week, I lost my 6 figure management position after 20 years with the company.
On Wednesday, I offically became a Real Estate Investor! My partner and I have been building the ground work for several months. (It all began with a late night infomercial in February of last year.) We set up a Website, got the 800 number, set up an LLC and then...we did nothing!

Got my first motivated seller but having trouble finding buyer what other thing can i do besides the normal.

Hi All,

I have been approved by the Bank for a short sale.....I cannot get finanacing due to HOA reserves are too low and too many renters in the community.
I am trying to purchase for my retirement home ....need $150K quickly as Bank is ready to pull the deal...
Any suggestions? Lisa B.

My First Deal After 11 Months was messed up by the Title Company. We're scheduled to close next week and Just yesterday, I learned that the Title Agent no longer want to take it to the clossing table. It was my Buyer's Title Company. In other words, the Title Agent Messed up everything for some reason... she can't get a Title Insurance.

I immediately called the TC and talk to the agent, and all she can say is "I DON'T WANT TO HANDLE THE SETTLEMENT ANYMORE" period.

so as i posted last week i posted an ad on craigslist and had a guy email me about wanting to buy a house. so today i got ahold of another investment company in the area he was looking to buy and she has something that fits what hes looking for. so i got back to the guy and told him but i havent heard back yet. so if all goes well ill get my first assignment deal.

Since im so new to this and trying so hard to get a first deal in this is what i came across so far.

$15,000.00 asking-2 bed, 1 bath home with a garage and out building on a corner lot. The home has vinal siding and hardwood floors. Needs kitchen, new bath, heating/ac.

Tax value is 44.6K and the ARV is 65K. It will require approx. 12-14K to fix up.

So my question is what % should i be looking for to tell if it is a good deal?

Just recieved my first potential property offer...it's a triplex that is rented...makes $1200 a month...the owner is asking $64000. After i did a little digging and some initial analysis, i found out that the property listed has a tax appraised value of $39405...so now i'm verifying that the property address given is accurate...if so, then this is way over priced!
Now i'm waiting for their reply to my follow up inquiry...