My Deals

Hello to all the dg family,

Well it has taken me almost a year to get over my fear and put everything into action. I am at highest and best with the bank and really think I have an edge as it is a cash offer. (just need to find the investor QUICK if I get it)

I recently listed and sold a home 8 houses down from this one in 7 days for $165,000. This one that is foreclosed I am trying to get for $100k and is the exact same home. It needs about $15k worth of work. If I win the bid, I am looking to split the deal 50/50.

Worse case scenario it needs $20k in repairs and I sell it for $155, that is still a $35k PROFIT!!

Wish me luck, and if anyone of you happen to be interested in financing it, private message me or shoot me an email at scottsrealestate@****

Thanks!!

HOUSE ON 50 ACRE FARM in Central IL!!

3 bed/2 bath 1544 sq. ft home-- new kitchen cabinets, tip-windows, newer roof, siding, flooring, hot water heater, furnace, and great water quality.

50x80 machine shed, concrete floor on half, office space

50 acres, CRP contracts bring in $4k/yr. Prime Hunting timber around perimeter, deer tracks all over!, blackberry patches as well.

FMV easily over $300K
Asking $240

**Finder's Fee for buyer- 5K

Hello everyone,

My name is Grace and I'm a 21 year old nursing student who wants to get into real estate. I've read several books so far including Dean's Be A REM.

I'm really tentative about starting out and how. I stay in Texas where I've read bird dog fees are illegal. I am planning on using no money down strategies seeing as I have no funds and no job, although I have saved $5000 to pay for my bills while I find another job (or hopefully a good deal).

Should I risk my $5,000 savings or proceed with no money down strategies?

I have a multi-unit property where it is free and clear and owned by an elderly man. All 3 units are rented out for a nice cash flow. I wish to pursue the property and since the mortgage is paid off I know there are many options where I can take "control" of the property. I am planning to ask him if he would agreed to seller finance. Aside from that what are other options? Specifically, what would you do in this situation?

(I moved this topic from the "researching sub-forum)

I just signed an 'Option to Purchase' agreement for a house on the north side of Martin Street for 35k. The owners owe 30k on their single mortgage. The place needs a solid 35k to make it marketable. I'm now researching on what the ARV is going to be and I need help in doing that.

Total view says the place ARV's at 105k and zillow.com says it's worth 110k. But I don't totally fully trust zillow or totalview alone to give an me accurate number by themselves.

I tried to look up public records in the Kenton county assessors office, but it's a paid search. Before I resort to that, I'm trying other routes.

I have a property that has negative equity. They owe 147k but the property is only worth about 69k... I was thinking doing a shortsale/ lease option. Is this possible? Any advice? The owner does not want the property anymore and is very motivated.

Well, I have a great property under contract in Illinois. I have put it out on Craigslist and eBay classified. I have no immediate responses, but it has only been a few hours.

I need some DGer's advise. How can I market to find a buyer for something like this? I have a buyers/sellers list but not for this much land. It is a great investment for those who have the means.
It would be a great investment for people who are looking for farm land and a house to rent out or sell separately. I am selling for $240,000. It would probably auction for around $300K. The house and maintenance shed alone are worth $100K and land in this area can go for 4K-8K an acre.

I appreciate any advise.

This is the link to the add:

My first few deals, unlike most people, were done via a lot of help via the internet!

Through using networking sites like this one and **** , I was able to locate people who are looking to actually buy property. Before Id buy, id go onto these sites, look at exactly what they want to buy- Find it using my sources/real estate agent contacts in the area- and instead of wholesaling it, id just contact the buyer- get a finder fee of 5% for it and the rest is history!

My first few deals, unlike most people, were done via a lot of help via the internet!

Through using networking sites like this one and **** , I was able to locate people who are looking to actually buy property. Before Id buy, id go onto these sites, look at exactly what they want to buy- Find it using my sources/real estate agent contacts in the area- and instead of wholesaling it, id just contact the buyer- get a finder fee of 5% for it and the rest is history!