My Deals

All,

I have accumulated a few hundred cash buyers but now have run into the issue of not having any properties to present to them. Does anybody who has locked up a few properties want to work on a deal together? Please let me know if you're interested.

Thank you.

All,

I have accumulated a few hundred cash buyers but now have run into the issue of not having any properties to present to them. Does anybody who has locked up a few properties want to work on a deal together? Please let me know if you're interested.

Thank you.

I am new to DG and have found a deal on 1700 sq ft SFR for less than 30 per sq ft cost for aquisition(Owner financed)with NMD. After questioning the RE agent in the area, she advised me that rentals in the area for similar properties are going for 1,200 per month I believe this to be a great cash flow property. My challenge is this: there is approximately 15k-20k worth of repairs that need to be made prior to making this a rental. My credit is in the "crapper" and I would like some advice on "Thinking a little different" and how to afford the repairs. I believe this to be a 700+ Positive cash flow great "first for me, DG Deal" Thanks in advance for your response.

I currently have three deals I am working on.

The first one is $35,000 and I had asked if anyone with credit wanted to partner on that deal,
well I found a hml to fund the deal and the seller has agreed to take a note on the 20% down I needed. We are getting it worked out right now.

The second deal I put in an offer for seller carry-back financing. This can give the seller the full price he wants and a nice property I want.

The third deal I am working on I put in an offer for seller financing @ 6% interest, and the seller countered with 8% interest, 5 yr term payable at 450 a month with 1400 back taxes and 600 realtor fees paid upfront. So now I just need to get the 2k and the deal is mine.

I will keep you posted on how these go.

I am looking to close my first wholesale deal and running out of time. I need to close in a very short time and had my buyer back out recently. I am willing to negotiate to make the deal close. Does anyone know of anyone who is looking to pick up a property in Indiana or a Hard Money lender that will lend in Indiana. Thanks!

I think I have found an amazing deal... I was speaking with a hard money lender and he just informed me that I will need 20% down on any loan I get from a hard money lender.... I have 0 down! Well let me give details on the deal:

Property Location: New London, CT

Estimated ARV(Zillow.com) $185,000

Purchase Price: 64,900

Estimated Cost of Repairs: $10,000

Total Amount Requested: $74,900

I want to purchase the property, rehab the property and refinance

It is a 4 family home, 3 units rent @ $850 monthly and 1 unit rent @ $600 monthly, Sellers are willing to complete rehab for 10k. Awesome deal... I think but no money to fund it! I thought hard/private money lenders would go off the deal and equity in the property??? Any ADVICE???

Finally!! Have been doing this with a partner and He is a good one, we FINALLY have 2 closings in september and lookes like 1 more cash buyer for a third, Our First assinment is still hanging over our head, we just can't get rid of it, it is a nice house in a bad area so i had the seller call and lower his price, so i went and put a sign on the property RENT TO OWN we got 5 calles in 5 days this could be our third deal Cash Buyer called on this sign! Getting very excited about this whole thing. We put alot of work into this and i knew it was going to happen soon. Will really be Happy when we close on these. Every day is a new experience!!

This is alot of typing for me.

Thanks Dean

First Deal since getting involved with real estate. This deal took some time to get done but I finally got it done. Once I took action it went good. I first started to get this deal one year ago and the owners did not want to sell. I stayed in contact with them and always ask if they were ready or not to sell, they always said no. Finally two months ago they came to me wanting to know if I was still interested in buying the property. I told them yes. So here I am getting set to close on 8-25-10.

This property is a 4 unit building
Purchase Price: 100,000
Rent 1375 total
Taxes 3500 yr
Water/garbage 70 mnth
Payment 600 mnth

This property will cashflow at 300 a month.

Not a lot but it is a start. Just glad I have finally gotten a deal done.

Mark

Hi,

I am new to investing and was wondering if anyone could tell me if mobile home investing is a good idea. I called around to the lenders in my area and they are all saying that they don't lend on mobile homes if they have been moved. All of my searches so far in my area are mobile homes that have been resold and moved to another piece of land, so that means I will have to owner finance and in turn owner finance to my buyers, but not sure if mobile homes are they way to go.

Help need input please.

Thanks
Suzie

Im working on my first bird dog deal and all my investors are looking for distressed property does anyone want to share their tips with a newbie? I would greatly appreciate it.

Steven