My Deals

I contacted an owner about a house that was vacant. Turns out that he was not interested in selling the house that I inquired about but had another property he would consider selling. To my surprise he was an investor.

He said he had a house that he bought a few years ago for under $100,000.00. He gutted the entire house and was planning on redoing it. The RV is $ 280,000.00 when finished. He said if I was interested he would make me a deal. He would rather make a profit and not have to do any more work to it.

The deal I offered today for assignment sold in less than 6 hours! Here is the link http://www.deangraziosi.com/node/10427

I was able to assign a deal that fast for two reasons.

1.) I created a buyers list first! Then I went out and found property that my investors were looking for. Which is what Dean teaches to do.

2.) It was absolutely a sweet deal. I actually had people fighting over it.

Hi everyone!

I have a house that I am assigning. This house is going to have some major equity and cashflow! My partner told me to keep this one for us but, since I am trying to buy a big commercial building I have decided to assign this one. Here are the details.

Purchase price: $47,000
Total Rehab cost: $7,000
Total Investment: $54,000
After Rehab Value:$80,000
Equity after Rehab: $26,000
Percentage of Equity: 32% !!!!
Monthly rental income: $875/month
Monthly taxes : $150/month
Monthly Insurance : $35/month
Monthly Management : $80/month

I am looking into this one a little deeper, but I may be purchasing my first rental!

I was looking for a good invesment, when I was an ad that was $1. After reading the ad, it said the website wouldn't let them enter "Make an offer," so they put the price at $1. I contacted the buyer and asked them some questions. This is what I found out:

1. They owe $120,000
2. They moved out of town and don't want to deal with the rental anymore.
3. The house currently has a client under contract until July 2007.

I have currently found a FSBO property in my neighborhood. I contacted the owner and he explained that he has recently remodeled the property. New heater, new septic, laminate floors etc...

he is asking $ 179,000.00 for the property but he said that's negotiable. The house comps for $223,500.00. (This I am sure does not include all of the upgrades that have been done to the property ex. the owner added a second level onto the 2 car garage.)

I'm excited to announce in lieu of my poor credit, my best friend from VA will be moving here to Phoenix with me to help start investing (with a 750 credit score he should be good right?). That being said, I've found a home that is literally down the street from me that we are considering a fix/flip strategy. Ive checked the outside and its pretty basic from what I saw. Through the windows it didn't look to bad on the inside. The real-estate agent I talked to just emailed me key-box combination to take a look around inside, so after I get off work tonight I plan on scoping it out.

Ok Ill make it short as poss:

Seller is asking 919K for house
Zestimate is 745K
Zestimate range 640-780k
House last purchase in 2000 for 478k has gone up 24.4% in value since then=116.3k totals 594.6k (house is worth 745ishK)
Value of house has gone down 1.3% in last 30 days= 9691.00
which would bring the Zestimate cost to 725.5K
He is asking 919K and this home is going to become a short sale.
He owes just about 800k (has 2 mortgages)
Needs 4k termite work
still needs inspections.

I know someone who owns a house who has a first, second and third. Has bad credit but property has $200,000 in equity. Can anyone help me with some solutions as to how I can help this person? I know about an equity partner but hear that they need to still put money down to do a deal. I need some advice!!!

I recently made an full price offer on a property. He was asking 180k. I told him i would give him 120k now and the other 60k with no intrest in a year. I need to know what kind of documents of paper work that i can use for the 60k so he knows he will be getting he's money.

Ok so I decided yesterday to just take the plunge and I posted an ad on craigslist directed towards people losing homes to foreclosure and people who've inherited homes they don't want or can't afford and also sent out 2 letters to homes i looked at in foreclosure and I got a message from one of the homeowners stating he was interested. I want to get everything together before I call and I feel the holiday weekend is a little bit of an excuse for time. There's a chapter in dean's book with questions to ask, is there anything else i should ask or do before I call.