My Deals

Once again, follow up gets the deal. The first offer on this REO was outright rejected. It then went under contract, we tracked the property, the deal did not close, we offered again right away, offer outright rejected again. Property went under contract AGAIN. Buyer did not close, property went back on the market, we immediately offered again. Offer rejected but bank countered this time. We came back with a $1000 increase in our offer and a 14 day inspection period. Bank countered with a 7 day inspection and $1500 earnest in certified funds. We accepted.

Here are the numbers.

ARV is $230,000
Rehab/remodel costs $40,000
Accepted offer amount $136,500
Sold it to the first buyer I called for $145,000.
A quick $8500!
My buyer will net $22,000.

This one has to go! Selling price is $175,000!

Cash-out refi! Investors dream!

Duplex, newly remodeled inside and out, this home screams charm and versatility for the new landlord. One apartment up, one down... new hardwood floors throughout, brand new appliances throughout, certified well and new pump, new furnace, new central air and cable TV/high speed internet!

Rent this out as 2 separate units of 2/1 and 1/1, or rent it out as a single family as a 3/2.

There is also a 2-car garage on the premises with a loft that could easily be made into an efficiency apartment above its own private parking stall.

Currently working on a deal that was brought to my attention by another DG member (who ultimately received the lead from ANOTHER DG member). This would be 1st deals for both parties, so I was glad that I could help get them started. One is acting as a bird-dog on this deal and the other a co-wholesalee (if there is a such word). Hoping that we will have this puppy sold in the next week or so. The seller is very anxious. I will post updates as they become available. By the way, I'm in Indiana, my partner is in California, the bird-dog is in New York (along with the owner), and the house is in Michigan ...how ironic!

Ok so I found a 3/1 in ohio with my team. The bank was asking 7.8k (yes that's $7,800) and it needed 2k in repairs to make it turnkey. I offered 5k cash and the took it. I rented it last week for $600 per month with option to buy with owner carry for 40k. The payment will be only $25 more than rent and it will lock in my 122% cap rate. Yes that was not a misprint....Holly crap...I can keep it or sell it to one of you for 25k with a free home warranty and property manager in place for a year. Oh my god how easy is this...NOW GO GET SOME

Bedrooms: 4
Bathrooms: 2
Type: Single Family
Lot Size: 8171.0 ft'
Living Area: 1837.0 ft'
Parking: 2 - Garage
Construction: Frame

Estimated cost of repair $3k, ARV $120k, Asking Price $44k

Anyone interested in partnering with me, feel free to PM me.

Thanks everyone.
Beth

Greeting fellow DGers,

I have a 13 Unit Apt in Ramsey, IL

8-2 Bedroom Units
2-1 bedroom Units
1-3 bedroom Units
2 Commercial Units

One being Occupied as a Hair Salon
6 Units Occupied all paying $350 Month (Can be increased by another $100 per Unit)
7 Vacant Units
Property Needs Cosmetic Work Done in the Vacant Units

Cash Transaction $130,000K POF needed.

Anyone interested or has a buyer, please PM me.
Thank you.

I haven't been on the forums enough yet to know if we are supposed to post deal opportunities, but I am not looking for an assignment fee or finder's fee of any sort.

Our second lead off bandit signs and I feel we got a doozy (good or bad - not sure?)! The lead turned out to be Sadie Holmes, who runs a non-profit org in Altamonte Springs FL, and whose home was part of an EXTREME HOME MAKEOVER TV episode.

I am looking for someone in the Charlotte NC Area that will work with me for showing properties in the area. I am in the upstate of SC and at this time cannot make multiple trips to Charlotte. If anyone is interested in this venture you can PM me or post to this thread.
Thanks

Gibson Capital LLC is happy to present this 21 Single Family Home package. The most current information we have is contained within the attached Excel spreadsheet.
Non-MLS
100% Occupied w/Lease(s)
Year Built: 2000 - 2006 (Average 2003)
All 3 bed 2 bath up to 5 bed 3 bath
Size range from 1,343sf - 2,485sf (Average 1,719sf)
Rents Range: $850/mo - $1,050 (Average $935/mo and have room for improvement)
Gross Rental Income: $19,625/mo x 12 = $235,500/Year
Net Rental Income: $15,666/mo x12 = $187,992
NET Purchase Price: $2,800,000 (Buyer to pay all closing costs)

Hey guys,

I have 4 properties I found offline and unlisted.
1 in Thornton and 3 in Waukegan. .50 to .60 cents to the dollar ARV. Anyone wants to partner with me with Cash Buyers lined up, pleasee feell free to respond here or PM me.
Thanks
Beth