My Deals

Okay so I have a very highly motivated seller,whom Is selling a house.He Is moving out of town and has had his ad on Craigslist since May 12th 2011.I gave him a call and he told me that some one else tried to get the property,but her credit was not the best,Well neither Is mine.So my brain started spinning and remembering Deans book and a few of the creative ways that I could do this.This Is where I get stuck with fear and unsureness.This guy Is willing to take the best offer,no one else at this point Is interested,and he Is just waiting around for some one to get It.I am going crazy because I am thinking that the more time that I waste.The more time I give some one else the chance to get this property,I am gonna start with trying to run the numbers and also find a little help with that.SO

I am ready to jump in i feel it in my bones i just cant find any good deals if i did i would know exactly what to do with it i think! I just wish i had that opporunity i am in need of cash asap and i dont plan on doing rentals anytime soon so my question to anyone with an answer is what is the best way to wholesale in a down or buyers market?

I am ready to jump in i feel it in my bones i just cant find any good deals if i did i would know exactly what to do with it i think! I just wish i had that opporunity i am in need of cash asap and i dont plan on doing rentals anytime soon so my question to anyone with an answer is what is the best way to wholesale in a down or buyers market?

OK I haven't written anything about my progress so far.

After loosing my house to a foreclosure in 2009 I rented for a while and finally decided to move to Florida closer to my family. My wife, my dog and I moved to Florida (living with my parents but not for long) and then I started to get a hold of my finances. I read a lot about fixing the credit and no two years later my credit is back to 712 (two years after foreclosure a 712 FICO WOW!!!!) still the banks wants me to wait one more year to loan me money for real estate.

Then I started reading about real estate. Bought Dean's books and last month joined the success academy.

In the last month I have learned a lot.

* I now have 10 cash buyers in my buyer's list
* I have posted bandit signs

Hello, my name is Eddie and I'm a newbie in the realestate game. I have a question--I found a investor who wants to retire. He in the past has had over 30 properties and now he's down to 13. He wants to sell the last 13, and is willing to do L/C for each with a downpayment of @ least 7,000. With him willing to do land contracts, that's letting me know he's motivate in some form. All 13 properites are currently rented out with rents ranging from 850-1100. His asking price for 2 of the 13 are for 40,000 the other 11 are for 65,000. All homes are own free and clear. My credit is poor and I have no downpayment or closing cost. Hopefully I can convince him to do some type of seller-finance,but for the time-being he's not int creative financing. Does anyone have a solution?

I would love to get help with my first deal and you can get $5,000. I got under contract 3 residential units and 4 Commercial properties on 1 Lot in Rhode Island for $145K (for the 7 Units for this price)

Let's do the Math:

Total Appraised Value: 376K (2010 Taxes)
Zillow Value: 365K
Yahoo Home Values: 494K
Homes.com Value: 309K
Average Appraised Value 432K

Repairs: -90K (Estimated by Contractor)
Fair Market Value : 345K

Why are being sold so cheap?
One of the main owners passed the way and the family just wants to sell these properties. The investor who gets these properties will get at least $200K instant equity

Please PM Me for additional informaiton.

Thank you!

Our company is looking for a private or hard money lender to finance a deal in Dunnellon, Florida. We have 20% down and will only need financing for 3 to 6 mos. We are at 45% to 50% of FMV. There is no rehab needed. Please Contact Us if you can HELP! We are scheduled to close the 3rd week of July. Thank You

I was just offered this deal today by an agent I've been talking to... Please advise and let me know if this is a worthwhile offer... I am VERY new to the real estate business, and do not want to pick-up a "bad" deal...

I have one but you would just be buying the note - and you would have to foreclose and pay the outstadning liens - the property is on ????? and it is $10,000 but it needs about $20,000 in repairs and about $10,000 in legal fees so your are at $40,000 purchase - let me know what you think

I haven't personally went to look at it myself, but; figured this can maybe be worked as a lien deal... PLEASE Help...

Hey dear DG Fam,
I'm a bit late in making this posting - this REI can keep you busy LOL -
I got a second contract accepted on a house in Cleveland last Wednesday. Wooohooo!
Bank owned - Listed for $39900 - needs about 3K in work - "newer" for Cleveland - 1964 - with a great 2 car garage put up in 2005. One story with finished basement 3/1.5. Got it for 36. Can lease/option for close to 900. Thatsa nice-a cashflow! Thatsa nice-a ROI! (feeling a little Italian at the moment, must be the red wine) Buying this and the first deal (both scheduled to close by the end of June) with a self-directed IRA. I'm going to explore whether I can do a refi through the IRA. Hmmmmm - maybe.
Also - my craigslist ads have resulted in likely tenants for both properties.

hey dgers,i know this may have been discussed before but wanted to bring it up again....how important it is to use opm (other peoples money}....if you do have credit and have the ability to open a line of credit then i would suggest doing it BEFORE you need it ...if you plan on investing and making that first deal hap.pen soon.Just when that deal comes along and you have to fill out the clumsy paperwork to make it go through....you may lose the deal.Deals are gotten when you SEIZE the opportunity.I dont know how many times i heard ..."i will take this much $$$$ cash on the spot for this or that and ONLY if i had the cash then !!!....well now i have lines of credit set up for exactly these opportunities.