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Double-Closing

Posted on: Fri, 03/05/2010 - 03:53
Double-Closing

Has anyone done Double-Closing without using transactional funding. Like I said in my many postings, I have made over 100 offers and nothing has been accepted, so I'm trying to figure out if transaction funding costs is something that I can take out.

Thanks

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Posted on: Fri, 03/05/2010 - 08:16 #1
how are you...

writing your offers. what exactly are you making offers on. Are they realistic in pricing?

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Anita
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Posted on: Fri, 03/05/2010 - 20:25 #2
I'm making my offers on REO's

I used nstreet's formula

FMV
-My end buyers amount (35% below FMV)
- my portion
- closing costs
- transaction funding fees (4-6%)
MY OFFER

My offers are generally between 40-50% off.


Posted on: Thu, 03/11/2010 - 08:22 #3
REO(s)

Maybe to get started, you could pick a market that is more conducive to accepting 50% then moving to your market? Would that be an idea that would work for you? What market are you investing in?

__________________

Best Regards,
Anita
(Licensed Realtor-Military Vet-9/11Vet)
****
A self-directed realization for 2014 is to:
Live life as if always on vacation and have all the good health, time, & wealth to enjoy it.
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Posted on: Thu, 03/11/2010 - 17:45 #4
MxChica

Hi

I live in Northern California. How do you find a market that is more conducive to accepting 50%?

Thanks