My Deals

I have a current deal at hand that I may let go, Not sure how much energy to put into it.

Hi all,

Real estate newbie here so be gental.

Ok, I found this house in my neighborhood that was built in 1992 and is up for sale. I believe the man of the house that lived there passed away.

So I said to myself, this cold be a possible deal. I started doing some research using the new TotalView tool. It came back with an "Our Estimate:" price of $121,000 for this 11628 lot size, 2275 sqft, 3 bed and 2.5 bath Houston Texas home.

Just made an offer on another great find! Looking forward to hearing from the bank in the middle of next week according to the agent. We will post with more details as soon as we hear back. We are so happy to finally be at this stage of the game. Just one step away from home plate with the grace of God. Continued success always.............Lubertha

Hello Everyone,

Is another wonderful day fill with joy and unexpected challenges. I’m ready to make some money . Just want to be clear on this.

I find a seller and hook them up with the buyer or vise versa, sign my name+company\and or assignee??

Ex: house value $150K – 60k(my deal)
I find a buyer and offer $110K, so my profit will be $20K CORRECT????
Then I have the buyer and seller meet after all the contract has been sign?

Then when will I get pay?

This deal is a Land Contract sale. Purchase price is $5,000.00. With $305.00 down. 3/1 bedroom. Terms are 250.00 a month for 20 months. Minor repairs. Closing set in 2 weeks. We are considering doing a lease option. This will give us a positve cash flow every month. Rents range from $500.00 to $700.00 per month. This home was a bank foreclosure in which the seller purchased for pennies. Its so amazing when you finally get thru the first obstacle, all else becomes so clear. Sandra and I are determined to be as successful as we dare to dream!

I am really struggling finding that first deal. I live in ct and it seems like there is tons of competition out there. I was all set up to go see these 2 houses and when I was on my way I got a call from the owners and they said they already found someone.
I am thinking I really need to find a REA Fast.
Does anyone else beleive that an agent is a good way to go? I still wont give up on finding deals myself but I am getting a little worried about doing the first one. I cant wait to get it over with so I can just get all the jitters out.

Hey everyone, I have been meaning to type this up for a week or so, but just got busy house hunting.

I wanted to take a few moments to tell you about another deal I am signing at the title company in two days.

ok so i had a realtor i talked to about 3 months ago it was really nothing. now that i have been reading deans books and on this site reading all the topics i came in contact with him again.

So I finally did it. Got my first rehab deal under contract. I am working with an investment company to get the deal but it is a good way to get my feet wet. My father is my financial backer and the company I am working with is helping with the acquisition, rehab, and sale of the property. The property was listed for $55,000. We are getting it for $51,000. Comps in the area are around the $120,000 + range. We will need to put approx. $29,000 worth of work into it and then put it on the market for $115,000.

I just came across 2 listings from an agent 1 has a FMV of $1,349,000.00 and the other has a FMV of $1,499,000.00. These are both bank owned and the agent has told me the bank will take $550,000.00 for one and $ 565,000.00 for the other one. I have signed the contract on both and would like to assign them to another investor for $ 750,000.00 and $765,000.00 will houses in this price range be harder to move even though the investor will be making $599,000.00 on the first one and $734,000.00 on the other or am I asking to little for these homes?