My Deals

45 in Texas right in the middle of Dallas and Houston. I have found a man that has 8 acres of land w/two restaurants right on the exit off of I-45. The property is completely paid for and he is selling it for around $250,000. This sounds like a great deal to me if I can move it. This property would make a great gas station, restaurant or hotel. I was wondering from anyone on here, what info do I need to know specifically to a commercial property? Also, how can I market this thing to a corporation like Loves, McDonalds, etc? I look forward to hearing from you guys soon. Thank you for your time in advance.

Billy

Hi Everyone,

Today bank signed contract for offer I put in a couple of weeks ago-out of state!! Never been to Ohio, but I like it already

Will close in a few weeks- yahoo!!!!

Thank you Dean and Everyone here who has encouraged me and given me advice-especially my buddies at 5th St and Keith.

Wishing Everyone Success!

Valerie

FINALLY!!!!. deal 20 is locked.I want to stress how important it is to find deals where there is an empty lot or added lot with a sfhome or barn with acreage! This is just ADDED $$$$$ that u can CREATE! !!! .I negotiated a home from a seller on a land contract that was one of my prior deals.I sold the home on a sandwich lease or sub.I only sold the house and garage .
I kept the vacant land next door so I could seperate and sell.I sat on the land for mnths because I was possibly going to put a couple mobile homes on it or build but realized I could put it for sale and snag two birds with one stone . I PUT A FOR SALE BY OWNER SIGN on it and got MANY CALLS ......I also got a call from the buyer ofvthe house that borders it.THEY WANTED IT!!!!

FINALLY!!!!. deal 20 is locked.I want to stress how important it is to find deals where there is an empty lot or added lot with a sfhome or barn with average!!!! This is just ADDED $$$$$ that u can CREATE! !!! .I negotiated a home from a seller on a land contract that was one of my prior deals.I sold the home on a sandwich lease or sub.I only sold the house and garage .
I kept the vvacant land next door so I could seperate and sell.I sat on the land for mnths because I was possibly going to put a couple mobile homes on it or build but realized I could put it for sale to snag two birds with one stone!!!!! I PUT A FOR SALE BY OWNER SIGN on it and got MANY CALLS ......I also got a call from the buyer ofvthe house that borders it.THEY WANTED IT!!!!

O.k. guys want your opinions (good/bad and ugly - lol) and/or any suggestions you may have. I've been mind-storming to develop several options to take on this deal.

Scenario: Lead off ad drew me a 'don't wanter' (non-listed). The seller owns this property free and clear and was their primary residence but also have two (2) other homes in the $150k-180k range (may have something on those two as well - to follow)

3/2
approx 1620 sq ft. heated/cooled (2970 under roof-1350 basement) per tax rcds
WAS approx 4200 sq ft under roof (with carport, front and back porch etc)
2 story
has an unfinished basement (un-usual for my region to have a basement) so a plus. With custom built cabinets that stretch approx. 16-18' of one wall. Walls with re-enforced concrete piers
approx 4 acres

I am so excited, I can't sleep. REI makes me so passionate! I have a seller. I have the buyer FOR the particular property the seller has. Seller is giving up on the home; wants NOTHING to do with it. Doesn't even want to short sale it!

So, I thought of something Dean told us about at the EDGE. I'm going to pursue the NPN (non performing note). She's in default. The loan is about $200K. I'm going to offer $20-50K and try to negotiate with the noteholder. But, I have so many questions because I haven't done this before!!! The ARV is 160K, it needs about 25K in work. I plan to sell it for $100-120K if all goes well.

Trying to help DGers. Offer ends 6/26/11

For those of you that can't find or haven't done any deals, this one is already set up for you- all you have to do is supply a buyer and collect $5000

I have my own buyers/investors here,but I want to try and help you DGers and show you how easy this can be...

It doesn't get much easier than this:

30% Off Appraisal

$36,000 Instant Equity

3/1 Ranch 2acre Remodeled - in VA

New HVAC,roof,siding,windows,carpet/laminate and bath. Appliances included.

$145k tax assesment(2010)

$118k apprasial(5/11)

$82,600 Sale Price = 30% below Appraisal
([email protected]%=$409month)

-$1000 cleanup/touchup

$81,600 contract sale price

$5000 fee(YOURS or buy yourself)

Rent rates $750-800 month/cash flow $250-300 month

Are there any interested mobile home park investors in ohio? ?? Pm me
Jay

YaaaHOOOOOeeeee! DG Fam - It's happening! I've been busy building my Cleveland Power Team since I returned from the Edge flying on super-premium fuel. Today I got my first offer accepted there! Happy Dance insert goes here......
Briefly - asking price 30K, a short sale (from which I usually stay away). Minimal rehab - maybe 1-4K. Decent family neighborhood. Exit strategy - lease option tenant for $800-900/mo. What!!! That's ridiculous ROI. (roughly 30%) Offered 25,300 and they took it. You know what that means? I offered too much, but I'm not going to fret about it.
And I have found a bank to do no season refis, have a private money investor for part of it, and am setting up a self directed IRA for the next one.
Woooohoooooo.