My Deals

I have a possible deal where the seller is asking $190k for a 3bed/2bth home in a good part of the city.there have been 11 sales in the past year, 5 in the last 6 months,with an average sale of $233,150. Rent is in the range of $1200. And from what I can see the propert doesn't need to much work, probably newer appliances, a touch up of paint(im goin in for another look with my contractor).

My site is attracting leads. I have a few leads come through my site. Some never responded back. Some responded back. Right now I have a guy that called me this morning that wants to sell 5 of his properties. We have been talking through email and he called me. A lady and I have been talking through email she wants to sell, she seems motivated. I sent her an email explaining how a deal ould be structured and some other facts. I asked her when is the best time to call her, she responded through email saying right now. Thats all she wrote. Sounds motivated to me.

I put in my first offer today on Prospect #1 listed as a (3/2)w/Full Basement (exterior entrance only):

List price:$12k
Offer: $6k
EMD: $1000
Offer cash, 7 day inspection contingency, 10 day close (not including Saturday & Sunday)
Year blt:1960
SQFT:1196
Assessor's appraised value(total): $80,100
zestimate:$135,500 value range $98,915-$146,340
cyberhomes: $59,499

Bonus room could be possible 4th bedroom b/c has closet.

hello everyone,
My name is Robert Escobedo just recently i have really been getting into this site and reading what everyone has to say and offer. I love it.

with everyones help my goal is to make somehting happen within the next 30 days I finished ready both of Deans books been keppig up with the emails and all the stories. I have read so much all the diffrent ways to get started what do you all suggest I do to start??? I have good credit and some cash to start.

I will be setting up an 800 number here within the next few days and get going on that???

Okay, I found this house that is FSBO. I went and looked at it tonight and the house is completely remolded and new everything throughout. The woman who has owed for 24 years it is getting married moving in with fiance, and house has been vacant for 3 months she is just listing with an agent. She is asking 142,500 for it-which it was just appraised at.

I have a possible deal where the seller is asking $190k for a 3bed/2bth home in a good part of the city.there have been 11 sales in the past year, 5 in the last 6 months,with an average sale of $233,150. Rent is in the range of $1200. And from what I can see the propert doesn't need to much work, probably newer appliances, a touch up of paint(im goin in for another look with my contractor).

Now if it is REO, I'm think Land Trust, so I can assign rights over. If not then just and/or assigns. But I want to know what is a suggestion of an offer I should make.

Thanks for your help family.

I have a possible deal where the seller is asking $190k for a 3bed/2bth home in a good part of the city.there have been 11 sales in the past year, 5 in the last 6 months,with an average sale of $233,150. Rent is in the range of $1200. And from what I can see the propert doesn't need to much work, probably newer appliances, a touch up of paint(im goin in for another look with my contractor).

Now if it is REO, I'm think Land Trust, so I can assign rights over. If not then just and/or assigns. But I want to know what is a suggestion of an offer I should make.

Thanks for your help family.

So....Where to begin...Sigh. I recently came back from a job offshore and me and my wife decided to look for a house. Nothing really serious on my part but mainly looking for her. At the moment, we are living in a 40' 5th wheel RV/Toyhauler with our 5 year old son. It’s big for an RV but small for a home, New 2009 model just bought last Sept months after I got out of the Navy. She’s in it more than I am due to the fact I work offshore. So she is ready to get out.

I stumbled upon a set of 3 condos the other day. They have been listed for about 45 days and the price has been reduced a little over 100k.

Monthly Rent in is 4500
Expenses are 1400

He said he would carryback 20% which would be about 700 a month and the other mortgage would be 1450 a month

so total expenses would be 3550, positive cashflow of $950

(Thats if I don't talk the price down)

The other 3 similar units like this sold for 550k 2 years ago.