My Deals

This is another buy and hold for me; it's a REO property; 4bed/2bath, ARV is 45K, repairs are 4-5K; it was listed for 39K, then reduced to 29K after a couple of weeks, and then further reduced to 24K after only a week; after offer and countered offer, we finally agreed on $21,250. The property will conservatively rent for $700; which will make my cap rate 26%. I paid all cash that I got from a bank from another refinanced property that I purchased a few months ago... just like Dean has taught us to do (see link below)
http://www.deangraziosi.com/content/weekly-wisdom-211-how-get-fmv-loan

as they say... wash, rinse, and repeat!

life is good, and I am grateful for everything I've learned here

Hello,
I have potential lease option triplex for 130k in CA ($1650 rental income) sellers owe 90k. I want to offer them 20k down and take over payments on their 90k loan but there is 30k in equity unaccounted for....

questions:
-how could I structure this?
-what docs could I use?
Is there a thread on here that I have missed that discusses this kind of deal?
-How do i handle the 30k that i do not want to pay them upfront?

-Do I consult an attorney and notarize all docs?

Any advise or past experience would be greatly appreciated!

I will need to act quickly on this property.

Thank you anyone for any help/advise you can provide.

Thom

Just wrapped up my first deal and I'm on my way! After finally running out of excuses, I started working the 25:1 strategy and making offers on properties. After making 22 offers I got one accepted! Had an investor lined up who pulled out over some repair issues so I was left scrambling to get another (note to all: build that buyers list!. I only had identified 3-5 buyers so I didn't really have enough. (plus, in my haste to get a deal done, I offered a little too much on this property!... Live and learn!)

Lincoln Park is a nice surburban middle class neighborhood outside of detroit. I have a MOVE IN READY 1 story ranch under contact w/basement, garage and attic. Locked it up at 60% below FMV! Great investment/rental. Would I have the right to give potential end buyers a tour of this property?

have interest from bank may accept purchase 95K 4/2 1420 NW Tuc AZ. in need of investor agreement.proof of fund to bank. Rental Median Range 1200. re-hab could bring in 1400. ARV 137. comps for nieghborhood 130-140K. rehab and holding cost 20K total invest.=115 Rental income over 24 months at 1200= 28800+ sale at 154K in 24 months(realistic figure 4% appr per/yr. cash flow after 24 month 67800 - property tax and interest to investor. NEED HELP to fund. close in 30 days. only 500 earnest money no other up front cost. bank pay seller close inspec and appraisal costs. please contact asap. John. this home is on a large lot in a cul de sac. lot size over 8000sq'. large back yard and wood burning fireplace split bed room plan/ master down stairs. 2 car garage. two story with dual cooling.

Hello DG family,
Well, do I have another story to tell you! Guess what, this one is also riddled with twists, turns, ups, downs and craziness too! I tell you; I attract these complicated deals! One of these days I'll post you an extremely boring deal. But, NOT THIS TIME!

My deal funded yesterday, recorded today, and is finalized on Monday. That is because this deal occurred in Los Angeles County, which has the 24 hour wait period between funding, recording and re-recording.

When building any type of business - real estate or not, it takes time. Some deals are quick, most take some time. It takes time to build relationships, it takes time to work through obstacles, it takes time to lay a solid foundation. Building your real estate business is a Marathon not a Sprint. Commit for the long run and you will find success!

Set your goals
Work your goals
Find solutions to the obstacles that come
Stay the course

Hey there DG family!

I just met a serious buyer. He's buying up properties for a hedge fund. We're talking big money. They are looking to buy up a lot of houses in good neighborhoods only. They have specified the following:

Buying 3/2/1+ Built in 1980+
Hilsborough, Pinellas, Pasco, Polk and Sarasota counties. Good Areas. Buying Short Sales, Reos, Rentals.
One Offs & Portfolios. $100M+

I'd be glad to co-wholesale with anyone. (I'm negotiable) If you have something lets talk. PM me and I'll call or email you (please let me know the best way to reach you).

To your success!
-Allison

I ran across a property that a man wishes to sell and he wants cash and he doesnt want any wholesalers and he wants to move this home asap.Since the pace is fast Iam asking you all how would I go about locking up this property so I can bring in another buyer to assign it or if my money investors who loan me money act fast enough we can fix and flip, I want to tie it up so I can finish the deal any thoughts, things move fast at times in this business, thanks, Jim

I was riding on the bus on way to college and seen contractors constructing apartment building looking condos. This location is right in front of a shopping mall and across the street from a university college AND another community college thats right next door to the university!!! I know I'm a rookie but that sounds like alotta potential cash flow from my fellow college students . I was thinking of going to talk to the contractors and negotiating a deal to buy a unit before construction is done. I don't have a lot of money or experience but I know for a fact that I WANT IN. Even if I only end up owning a small percentage something. What would be the best approach to this?