My Deals

Hi All,

Sorry for the lenghty post...I am a new user and am about 1/2 way through Dean's Audio CDs...

I know a person who owns beach property that has recently been appraised for $650K (~$1.2MM last year) but the property is going to be Foreclosed on unless he can find someone who is willing to pay off his existing 1st and 2nd mortgages totaling around $500K. He is desparate to try and keep the property or buy it back, if possible.

I visited a property today that is a 1513 sq ft Colonial - 3BR, 1BTH. The owner was just layed off and wants to move out of state. The ARV is $168,000. He has first mortagage for $115,000 that is 7 years old. He has a second for $25,000 and an additional loan for $10,000. The house needs exterior painting and carpet and paint inside. Is there a deal here and does anyone have any advice on how I could structure this deal.

Thank you,

Good Afternoon DG Members,

Good Evening DG Members,

Hi, I am new to this. I have yet to finish the book. However I have come across a family member who wants to sell a golf course. This is a beautiful deal. With a beautiful 18 hole golf course with a newer bar and restaurant with pro-shop. Now the best part is that it has over 100 building lots to be developed most on the course. I am thinking about doing a 45 day contract. Then finding an investor to sell it to.
Any thoughts or advise on this deal.

Thanks in advance,
unlimitedtrafficsite.com

Hello DG Members,

Hello all DG members, I have been on this site for a couple months now. I bought DG's Think a Little Different course a few months ago and dove into it headfirst with much enthusiasm. After reading all the material I started to put the principles to work that I found in the course. I found a few properties with motivated sellers, one I actually could have put under contract for $20 but I didn't do it because I didn't believe I would be able to move it within the time frame, mostly based on it's location.

I have a house in Pennsylvania that I thought we could fix and move in, but it's a couple of years now and still we're fixing the house. My husband and I just decided to sell the house. It's a 4 bedroom house with 2 bathrooms.

I have a co-worker that is facing foreclosure in his home since he has not been able to make any payments in a few months. I recenty learned that he now has a time limit as to when he has to be out of the house. I am not sure how long he has left as I have not talked to him about it yet. I would like to help him out with this but would I have sufficient time to make deal to buy his home to lock up on contract and assign to another seller if he has less that 30 days left in the house?

I just get Dean's books about 2 1/2 weeks ago and now I am about to go out to look at 2 properties that seem to have great potential. One is a forclosed home with pic of property that has the headline "Forclosed Home Needs Buyer". The other appears to be a home with a out of state seller,(phone # is long distance), and includes in ad "To Settle Estate". Both of these properties appear to have great potential to be obtained for a good profit. Since I am just starting out, any help from anyone in the know on how to work these deals would be greatly appreciated.