My Deals

Amazing how fast things move!! here are the spec's:

Owned financed rehabbed home: $29,000 @ 10%
Apprasial: $43,000.
My monthly payment(due 1Mar): $425
Local rental rate: $500-550
Will refi. day after closing: $39,000 @ 5.25-6%
New monthly payments(hopefully before Mar 1): $350 (give or take a few)

I have been working with a real go getter realtor, last week we looked at 5 houses, I made four offers and 2 of them were accepted! Unfortunately I can only afford one right now so I will have to pick, but what a posiition to be in!

I know there are buyer in this area.
I have some great deals, right now
email me today,please?

I made a goal that 2010 is going to be the year I succeed.
So I called my first seller today, a fsbo.I was really nervous.Now he has a 2 family for sale.
Asking $225,000
built 1918
sqft 1,482
Lot 4,499 sqft
now the estimates that got from deans site are.
$341,790
$341,500
$359,967
Thats like a 35% discount

I made a goal that 2010 is going to be the year I succeed.
So I called my first seller today, a fsbo.I was really nervous.Now he has a 2 family for sale.
Asking $225,000
built 1918
sqft 1,482
Lot 4,499 sqft
now the estimates that got from deans site are.
$341,790
$341,500
$359,967
Thats like a 35% discount
As I talked to him he said he has another property for sale that zoned for commecial/residential.When I looked at the property it sits in the middle of shops. It looks like it doesn't belong.The lot looks like a rectangle and the house is no bigger than 10ft by 10ft.

I have deals for investors only;

13 room SRO in Harlem/Madison Ave
Needs work
$899K(flexible w price. Moreso w cash)

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Mixed used Harlem building
5 story walk up
10 units & 2 retail stores
5 standard rentals
5 rent stabilized
R7-2 zoned
$2.6m(more flexible w cash)

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Mixed used 5 story walk up
14 units & 1 store
R7-2 zoned
$1.4m

I am looking for direct investors; if you are looking to get on through an assignment, your fee must come through the investor directly. I represent the buyer in this transaction; your fee does not come from me.

Did what Dean and most every other investor told me to do, Flap my lips!

OK, so I am putting some money into an option to purchase and I am sharing equity at sale and yes I'll also be putting in some repairs, I already have a tenant generating $200 per month more than the LTO monthly payment.

The estimated FMV by the City is $48K. Mine comes out at about $42k.

Regards to all,

FANBOT

Here's the deal:

Good evening John,

A brief email to confirm the major points of our negotiation this afternoon:

Fixed Sale price of $22,000 (twenty two thousand dollars) valid for a term of 2 years.

My name is Mark and I just received Dean's book and I'm still in the process of finishing it.
I have not begun to look for sellers or buyers until I finish reading his book. But today I came across a pretty lucrative deal which I have no idea how to do.
Not sure what information I'm allowed to list here but I'm going to give you the long and short.

Today we recorded on deals number 3 and 4 Yipee!
Both of these houses are 40% or more off FMV. It has taken a while to learn how to find the things we need.
The first one is a 3 br 1 ba house approxiamatily 1200sqft. It is an REO. FMV is 100k We bought is for 48k. It will rent out for 800 a month if we decide to keep it. But our plan is to fix it up and resell it. This was an online aution and things went pretty smoothly with it. It needs about 5k in repair all cosmetic.

I cannot believe that I am closing my 8th deal this week with #9 just around the corner!! And to think a year ago I had nothing, no money, no food no hope! When I say no money I literally spent my last $30.00 on Dean's book.

This month will be my best month yet. I am closing 2 assignment deals making $20,000 in assignment fees.