My Deals

Here is a question for everyone but especially for those with wide experience.

How much to offer to the owner. My intention is to flip the property with the following:

Duplex - nothing to fix - (according to the owner)

Income - $1200 per month

Comps - $89,000 (totalview and others)

The owner want me to name a price. I know he is
motivated.

The property is located in Philadelphia, PA, just there are interests.

Any suggestions will be very much appreciated.

We just locked another property in Broken Arrow, OK. This time, this deal has two properties in one lot, separate meters. We are looking forward to the cash flow on this one. Buying for $31K and can rent one side for $525, and other smaller house for $375. We are happy to include this one to our portfolio!

We are getting this property from another local investor with no money down, using private funds. We found this private lender by talking to a friend. This person was tired on investment in the stock market. We presented the idea to this person and how much this person would make compared to the stock market, and Bingo! this person said yes!

I have assets here in maine and a couple multi units just came on the market 40-50% of fmv.Contact me if you would like to start doing deals.

i just had a thought on a way for students to be INVOLVED in a deal and LEARN how it is done to negotiate and find the sellers or buyers for that matter MAGIC BUTTONS !! ....3 WAY CALLING ...if you have that then this is a perfect way to join in on a deal CONVERSATION !!

im making this a game that i am going to WIN !! a game that i am practicing to get better and better.you say how can i do a deal so easy when i[you] can do one after trying for a mnth or a yr or two ??? i can only say this .....you have to be in it to win it !!! you have to let EVERYONE know what you r doing !! you have to be on dg.com learning and sharing EVERY chance you get buttttt most of all you need to take ACTION with what you have learned.........i am talking about getting business cards and dropping them EVERYWHERE YOU WALK ~!!!!!! tell everyone you talk to on a daily basis that u r a real estate investor !!

Hello All,

I have a question. I was calling rental ads from newspaper classifieds to see if they were willing to sell and found a lady that told me she had a house that she wanted sell for $25K. I researched it on TotalView and it estimated the property at over $57,000. I want to lock it up and assign it. She said there are no renovations needed and it has tenants living in it already. I have two potential investors. This could possibly be my first deal. Can anyone tell me what to do next? It would help a lot. I am so nervous.

LB

WOW !!! i just signed purchase agreement for deal # 19 only a few days after the edge event .Man did this event make me realize what was inside of me !!! the property was listed with a realtor .It was a trailer on a 1/4 acre lot wit a wide paved driveway .i looked at the listing bofore but didnt realize this was a potential deal.After listening to coach dawn Erlings presentation at the edge 2012...i found a few tips and strategies that would make these LITTLE TIN BOXES THAT SPIT OUT CASH....that i could implement.

Hey guys just wanted to share this awesome deal I just did and hopefully inspire a few to keep pushing. I think this is my 12th or 13th deal and prior to this my biggest profit was $20,000.

This happened to be of a lead I got of my newspaper ad and it was a seller in financial struggles that own a house free and clear. It was a raised ranch worth somewhere around $200K ARV , needed about 30K in work. I locked it up for $105K and about 30 days later, I found a cash buyer who offered me $135K and we closed Monday. I still can't believe how much I made here.

I have a seller who asked me this question. I am turning to my DG family to help me explain it to him correctly.

Seller asked:

(So if I understand this, you buy on contract from me, then sell then on contract to your tennant buyers? If this is the case the questions I have is who carries insurance on the properties, and who pays the property taxes? Another concern I have is if these are sold on contract I'm not sure how that works/if it's allowed with my current mortgage(s).

ooops maybe im just a little excited and still pumped from the edge but i got to tell you what i have gotten accomplished since getting home from the edge !!!! 1. made a list of material for bandit signs and buying tonight ....2.called on offers that i put in before the edge and got the runaround so i called DIRECTLY to the attorney handling an estate that i was verbally accepted.
3.called realtors in two counties to send me....as is ,needs work,price reduced mls listings .
4.reviewed all notes from edge
5.put out a for sale by owner sign on an empty lot i recieved with a sfh that i sold on lease option
6.stopped by to the sfh lease option buyers to say i was selling and WOW/...........