My Deals

I've been trying to get started on the bird dog side of things to begin to build my foundation in this business, and the properties that I've found so far are abandoned and or burnouts. On some of these properties I've located the home owners new address through the local appraisers site but have not been able to make contact what do I do next in this situation?

I currently have a duplex and a fourplex under contract in Evansville, IN. I do not know if I'll be able to get financing for them, but they have great cash flow! Over $500/month cashflow between them! I have them under contract at 50% below FMV, and there isn't a lot of work that needs to be done (About $10K between them, (some electrical work) + putting in separate meters.) The duplex is rented out, the fourplex has one vacancy. Even with the utilities paid by the owner and property management costs, the cash flow is still very good.

Been fighting this REO since Sept 2!!! The bank said they would negotiate "lender required repairs" as it was a FHA loan & after I had in under contract they refused to allow anyone to repair anything!The master bathroom had a bad shower & I couldn't close my loan cause the appraiser wouldn't sign off until the shower was repaired & my lender did the most awesome thing & referred me to another lender he knew that could do a

Been in the biz for 1 year and closed my 1st deal! Deans books were a big help. I found the property by posting craigslist ads "looking for a home" , when i finally found a good deal, i put a contract on it, then found a buyer using **** and within 2 weeks i assigned it and made a nice $3500!

Thanks to these 3 sites i was able to do it.

Hello DGers,
I wanted to just give everyone a little added fuel who may be losing steam as the year closes. When I went to visit Atlanta for the latest deal that I closed, I took a different route than I normally do to get to the property. Because I did, I stumbled across three properties that were for sale, so when I got back to my home office, I natually called on each of them.

One property was sent back to the lender because they were going to auction the property. The second property was a solid lead and I currently have it under contract. But property three is where the magic happened.

Wanted to share with everyone this deal since it is my second & third deal at the same time and with none of my own money!!

Retiring apartment unit owner wants to sell his several buildings, which are not in the best of shape, but have great positive cash flow;

Hello Fam,
I am hoping you all can give me your input, knowledge, or have handled some deals with closing a short sale and flipping it over to an end.
I know that this can be looked down upon and maybe border line illegal. I know some people or companies are getting in trouble for getting approved price on a short sale, then turning it over to an investor for a profit.
Can we still do this with short sales??
I am live in PHX and the market is flooded with short sales and that is what I specialize in. I negotiate sales on behalf of agents and homeowners.
So my main question is can we get an approved price on a short sale, and then assign it over for a profit with out getting in trouble??

Hello Fam
I have a prospective deal that is a REO property and I really want to submit an offer on it. It is a beat up house that I am confident everyone is scared to make a move on in the local market. Anyway, I want to try and submit an offer to the bank, however, I am sure they will ask of proof funds and the thing is, i don't have any funds.
DOES ANYONE KNOW I CAN PROVE THIS SOMEHOW??
I am thinking to try and find a partner or investor to put some funds in an escrow account and include him in the deal.
IS THIS THE BEST WAY??

One of my investors work with some REITS and Hedge Funds, anyway, they just purchased a portfolio of 430 SFH all over California. If anyone finds this attractive, or knows the right path to find buyers or investors for this, please let me know.
thanks
shane
[email protected]

So I am currently working on my second owner financing deal. I found a 5 bed house in South Bend through my realtor. The beauty is I got to create my own terms. My terms are $100 down. Full asking price of 37k, no payments till the enpril or May if I need til May, 6% interest, and monthly payments are $150 a month for the first 6 months then after that I believe they are $179, 5 year term payments are interest only, and loan balance due at the end of the term. The house doesn't need as much work as the first one, and that gives us time to fix it before having to make payments, so we can have it rented by then. We are scheduled to put the $100 down on the 29th of Dec.