My Deals

Hello Everyone,

I'm trying to reach out with out of State buyers especially DG'rs to increase my Network of buyers. I got some overwelming responses when I posted this to our local group last Saturday night and thought if this might help those fellow DG'rs from out of State.

Several properties in Zips 21225, 21213, 21212, and 21218 are available for Sale in my State (Maryland). Some of this already have a Section 8 Tenant and cash flowing (with great Equities), some are vacant but section 8 ready and needs TLC. Owner Financing/ Take over payments are available with DP. Please let me know if interested. I'd be happy to send you some pictures and more info.

Serious inquiries are appreciated.

Thank you very much for reading.

Blessings to all, LA.

I have a two story single family property for 15.9K and now looking for a cash buyer. Is anybody interested or know of somebody who may be interested in this property?

ARV: $60K
Repair: $3K
5BR/2BA
Rental Income: $1100

Please let me know.

Thank you.

I figured that I will allow for other investors to track my deals, moreso to help inspire others, and for other investors to comment and help inspire me.

It has been roughly 2 mos. since I first read Deans book, and appx. 9 yrs. that I have been working in real estate. with this being my 9th yr. in real estate, this is looking to be my most successful year in real estate.

I am working a few deals as of right now. I will keep everyone posted on exactly how it goes.

I post pretty much the same info on a blog if there is anyone that wants to follow it there as well.

becomingarealestateguru.blogspot.com

Just got an email from the title company, it was our
HUD statement for a property we're selling that is closing on Thursday. We had mentioned buying this one,
it was a combo probate/estate property that was on the MLS for 366 days. It was over priced, they started at 100k, then in the 90's, then the 80's, then the 70's. When we looked at it is was listed at 69k, we offered 41.5k & they accepted. We put in about $ 200 for some paint & mulch, cleaned up the yard; Jill cleaned the carpets; & staged the house. We had an open house & sold it for 53.5k to an end buyer, he had 20% down & good credit, so he took a conventional mortgage, so it took about 45 days to close.

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- and boom! Just flip it over. I have done retail deals in the tri state area and am now working on my 3rd deal!

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- and boom! Just flip it over. I have done retail deals in the tri state area and am now working on my 3rd deal!

Single family home in my neighborhood went into foreclosure some time ago in the perfect most desirable area of town. Ended up going under contract with another buyer but my wife and I kept a lookout for the progress....it ended up falling through and back on the market...we immediately put an offer in and it was accepted!!!

Details:

Town assessment $214,000.00
Appraisal as is approx. $160,000.00
ARV: approximately 200-210K
Asking price was originally 160K and dropped to 135K last week
Accepted offer of $125K
Needs approx. $20K of cosmetic upgrades + our labor
Sell for aggressive price of $190K
$40+K in profit!!!
Bank will lend me around 125K and getting additional money from private sources with a 60/40 split of the profits to make deal work.

I think this would be a great opportunity for someone who has cash which can be tied up for one month. My neighbor has to move out of his house October 7th. He was purchasing the home on a land contract, but when they were approaching the end of the term, they tried to renegotiate the price with the builder unsuccessfully. They told the builder to go ahead and list the house because they were not going to buy it for more than it was appraising for. Well, the house sold and now he has to be out by October 7th.

OK THIS IS A DEAL IM LOOKING AT...IT SAYS...
*Owner Financed Investment property a 2bed/1bath sfr approx. 816 heated sqft. The inside needs approximately $1,500 in repairs. All the major repairs have been completed! Sturdy foundation. Fenced front yard, full front porch.

OK QUESTION -HOW DOES THIS OWNER FINANCE WORK.WOULD I ALLOW THEM TO TAKE OUT A LOAN AND THEN I TAKE IT OVER? THEN TRY TO GET SOMEONE(INVESTOR) TO BUY IT FROM ME?

$25000 / 2br TOTAL
NOW WOULD I SEARCH FOR COMPS NOW..OR SHOULD I PRESENT THE INFO TO A REAL ESTATE AGENT AND LET THEM DO IT?

I am a new SFL student. I just found a deal that has to do with (1) condo, and a house, or will sell individually. The deals look to be 40%-50% off.

I just got this response back from the owner: "I can't entertain or contract with investors trying to find buyers on my behalf".

Evidently this individual has had a bad experience with assignments, or birddoggers before.

What would be the best way to respond to this negativity? I guess I could Birddog it, or use OPM!!

Anybodys ideas or input would be greatly appreciated.

Thanks,

Jerry