OfflineHi everybody.
If I could receive counsel from anyone here, that would be fantastic. I've been working on assignment of contracts these past few weeks...I've got the buyers, I just don't know how to find the deals very well. I'm not fully educated on running numbers, so this has been a little difficult for me.
I'm doing this full-time & it's stressful! 
Posting here is actually therapeutic for me, though...anyway, make sure you guys succeed! I need your inspiration 
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Now, qualify the buyers while finding motivated seller's. Search this site for figuring what to pay for each... and Bob's yer uncle. peace,
Dana w/ Crossroads Solutions LLC
http://www.DanaLeigh209.com
http://www.DanaLeigh209.net
http://www.ULostThis.com
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I am direct to the VP of a $100 million dollar open-ended debt and equity fund which actively writes checks to fund businesses with an EBITDA of at least $1 million a year. We fund also have access to up to $500,000,000 for the purchase of distressed real estate, specially commercial $7,500,000 and up.
Thank you for the help, Dana!
To place an offer you will most times determine;
fair market value after repair, subtract cost of repairs then figure cost of holding the property ( cost of interest,taxes,water,electric etc.) a good figure is 1.2% of fair market value each month it will take you before it sells, and then subtract out your desired profit leaving some room to negotiate.
Example: Market Value ARV (after repair value) $100,000
4 months to sell it carrying cost 1.2%/mo 4,800
cost of repairs 6,000
Profit of 20% 20,000
offer $ 69,200
Always expect the seller to counter offer this is the reason to add a little more profit (use your own judgement)
use any buffer you wish.
Hope this helps.
Brian
We purchase and resell Homes. We also buy mortgage notes. We also take some debt takeovers.
Ah, thank you Brian!
That helps a lot!! Thank you!
Hey man, pm me with any questions you may have, I'd be happy to help if I can.
Contact as many agents as you can, and let them know what types of deals you are looking for. They will tell you if they have anything like that available, or if they can find you something like that, or they may tell you that you're crazy and that type of deal isn't possible in your market. You will get all sorts of responses. Just don't believe that things can't be done until you get verification from multiple agents. Most agents aren't too clever in terms of dealing with investments, and you need to find some specific ones who really know how to get it going.