OfflineUtah is a hot market just like what we are seeing across the country.
I just had another deal come to me that is on the MLS. A Seller that is in a really tough situation lives out of state. His wife has cancer and the last thing they need to worry about is a property in Utah. This agent knows what i'm looking for and brought it to me. I will be closing on it next week. I'm just finishing up my due diligence.
When looking for deal we need to look for sellers that have need. The seller hasn't been able to sell this property because they owe about what it is worth and it has been on the market for a while.
I'm buying it because it cashflows already at $200 per month and I can buy and hold right now. If the market goes up so does this property. If not I can just cashflow it.
The best part is he is so motivated the seller is paying for all the closing costs, agents and also my closing costs. I'm literally closing on this home with nothing out of my pocket and i'm not borrowing any money.
Wow what a deal, I love these kind. Keep on the lookout you never know what your going to find, and who you can help.
I always say Keep Moving Forward! Never Give Up On Your Dreams!
As Matt Larsen says "Feed the Need" - Edge 2013
Follow my daily investing journal and read about the deals I've done and am working on at:
http://www.deangraziosi.com/real-estate-forums/investing-journals/117493...
Just never know the motivation some will have!
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
Wow, pretty cook Mike, this is how I want to do it too!! Been working it like "Heck" just need more bandit signs out to call them in. I've had a few but they haven't been as motivated as yours yet! Hoping after my offer they will consider and come back to me!
But I'm thinking of assigning my contract to my partner I make upfront money and he keeps the diamond for monthly cash flow $150-$200 and then refi in 1-2 yrs but he will give him 2k for seller and he makes 12k.
I'll me helping my partner, seller, and me
I will be Looking for buy and hold deals in Dallas soon for me! in the mean time Wholesaling here in my town and many more to come
"Cut not the wings of your dreams,
for they are the heartbeat and the freedom of your soul." ~ Flavia
Kathy Wholesales TX
KM WholeSale Properties LLC
469-587-9967
1888-591-1096
Way to attract circumstances like that! GREAT JOB!
I Exist. I Am That I Am. I Know That I Know.
Always glad to hear of people being flexible and motivated at the same time. These kind of people are out there , you just have to find them !
Now on to the next deal !
Not only did you find a great deal, but you also helped out a seller who needed to get out of this property........Nice.....
Regards,
Sharon
Life Hands You Lemons.......Make Lemonade......
It was once said, “religion is designed to comfort the afflicted and to afflict the comfortable.”