My Deals

We are closing either today or tomorrow on our first deal. We have a couple minor hiccups in the way that we are trying to get ironed out, but our first stab at real estate was after studying the Edge 2011 and the 30 day Quick Cash Formula. We have no other training. It's not time to celebrate, the deal is not complete, but it's very close. We locked up a duplex for $32,500 that has been abandoned for 7 or 8 years. The roof is new and the foundation is solid and it is brick, so we went for it. IT needs about $20K in rehab and each side can rent for about $550. The ARV is estimated at $80K.

Hey DG family. It's been a while since I've posted something, but I have a huge incentive to ask to see in anyone would like to partner up in NJ. I'm in NY and just met a big time investor who just sent me his POF and I need to start looking for deals for him right now. So if anyone is doing deals in the following areas;
Elizabeth, Linden, Cranford, Clark, Edison, Newark, and Jersey City

PM me if you would like to partner up.

I got under control property in Anaheim in Ca
the price is 235 K it need about 30k in repair
ARV is 345,000.00
3 bed
1 bath
1426 SF
7234 SF lot
the rent in that area is about 2200.00
I have a video of the house
it need to be turn around quickly
Privet message me so i can give you my phone and video of the property
tom

Currently working on a potential deal that involves a homeowner that has had the same tenants for 30+ years and has cancer. Here are the numbers:
Tax assessed value: $94,500
ARV: $45,000-50,000 based on recent comps
Asking:$20,000 (negotiable)
Repairs: estimated at $5,000

I'm trying my best to get my first deal in through the door. I spotted a seller that would like to sell their home for way under FMV. But, he's not really flexible with the terms and does not want to do owner financing. He would like to sell the home. He's also a retired investor and does not want anything to do with being a landlord. I'm going to write up an offer, give it to him and leave it up to him to decide. But, what are some key words I should ask or say to spice it up so we can move forward on this deal?

I am working on a deal in New Braunfels Texas.

It is my family member, her husband works 300 miles away from home and she wants to move closer to him.

She is willing to sell at a discount in order to get it done fast.

No set asking price yet.

What I need is someone down in the area to go look at the house for me and partner with me on this deal and find a buyer for it.

When the tax assesor siezes a property for yrs of unpaid taxes, the house is auctioned off and sold of course. But here's the kicker. A 200K house may be sold for 80K, The taxes owed may only be 20K. The $60,000 is held for the legal owner. All the legal owner has to do is show up and file a claim to get his money. But, almost nobody ever does, why?

I got a call that someone want to buy the house from my website. It is not a done deal yet, but I am hopeful and hope that all goes well. I also have another person wanting to buy the house, so hopefully one of them will. I will just be the birddog in this deal, so it is not a big deal, but my first nonetheless. I do have a question though. If the 1st person buys, I will have to tell the second person it is gone. It almost looks like a ghost ad, because it (if it sells) went so fast. So really what is the difference in ghost ads as far as people really know? Houses can move rather fast. Tammy

After returning from our well-deserved vacation, using our Real Estate income and Dean's techniques, we are back in the game. We closed on a flip netting about $16K, and got two deals accepted this week, both REOs. The first one got accepted on Tuesday, which is a single family property. We plan to resell using owner financing strategy we have been using in this area with success. The second one accepted this morning! is a quadruplex sold for $20,000, and appraised for $69,000 during court house sheriff sale earlier this year in as-is condition. Similar quads in the area are bringing $300 / unit, with all separate utilities. We are looking forward to the cash flow and ROI. Real Estate is great!

This one came from door knocking pre foreclosure leads that have equity. We could not find the owners phone number on this one so we mailed a post card. Got no response so we went to the property and door knocked. It was rented, we spoke to the tenant and she supplied the owners contact information. We left her a voice mail and mailed her a postcard. A few days later she called and said she just wanted to "quick sell the property". I got my title company together with her, got the payoff with all fees, attorneys fees every thing. I asked what she wanted and she said she would take $2,000 over the payoff amount.
Here are the numbers;
Under contract with seller $124,000
Assigned contract $135,000
My Fee $11,000!!

My buyers numbers are
Buy it $135,000
Remodel $15,000