2 Accepted offers this week!

Hi Cathy. That's great position to be in. If you did the calculations and wouldn't have to hold the 2nd one very long you probably could use private money. But I know what you mean. I am contacting my realtor tomorrow to give her a list of homes I want to look at too so I can do similar as you, put in offers on the ones I think would be best for me. It's great to see this works. I believe, I believe. Thank you for your success. Wish you the very best.

Cathy

How encouraging to have half your offers accepted. Keep it going!

That’s fantastic Cathy!! Congratulations! Is this the first one?

Blessings,
Barbara

I have had accepted offers two other times, but both failed inspections and I opted out of the contracts. I'm pretty sure these houses will pass with no major surprises.

By the way, I enjoy your horse pictures

Cathy

Congratulations on TWO offers being accepted!!

Lea
SPR Property Solutions, LLC

Thanks I'm very excited, I'm meeting my contractor this AM to look at both houses and see what he thinks, as far as rehabbing. I'm just wishing I could do both!

Cathy

That is really great! I wonder if someone at MNREIA would be willing to partner up with you so you COULD do both? You'll have to shout it out at the next meeting if you don't already have it sold before then.

Again, congrats!!

Rina

SOOOO great!!! Just hopped on and saw this and I had to comment. SO HAPPY FOR YOU!! WOW! Keep us posted!
Louisa

Hi Cathy,
Congratulations on two offers being accepted. That's a great place to be in. Keep us posted.

Mojive

What a position to be in. Choose wisely. I've heard 'Money is made going into the deal,' and not otherwise.

What a great situation to be in. Hmmmm, Do I pick door number 1 or door number 2, or door number 3, which is buy them both. Great moment here, doesn't happen all the time. So what would your husband do, divorce you!!! I heard it is over rated anyway. Great going, I wish you tons of luck...Jan

Glad to hear this news. I think I cam upon 2 deals today. Its so crazy how it happened and I am seriously thinking about submitting offers on both. Thing is if I got both accepted, I can get both wholsaled. But anyway its all about you. Great work. You story inspired me to move forward with my offers.

You stayed the journey and success is now at the door. Do not let these deals slip away. I agree both with Rina and Jan. If you cannot keep both, which I think you should, share with another DGian. Then we will have two people celebrating. Well done, all the best. God Bless.

Sandra

I too have a deal and will be advertising the property as a lease to own. Glad to see all is well. Keep pushing on that door even if it seems to get stuck as long as it doesn't close there is a greater reward on the other side!

We are all very proud of you! Let me just say, if you have access to private money can can get both of these then go for it!!!! The more the better, trust me, once your husband sees your success he will be begging you to find more. Get both if the numbers work!!

Jeremy

Congrats on the 2 deals! good luck with whichever you choose to persue!

Rick

Congratulations on your 2 offers accepted, that is great news. It is so wonderful to see hard work and detrmination paying off. I hope all new DG Members will be inspired by all the great stories such as Cathy's. Yo umay want to hurry up and do one and see if you can get more time to complete the second sale. Even if you have to offer a few extra hundred it could be worth it for you. Way to go! Keep up the good work. Believe and Achieve! - Joe

I wish that percentage of my offers got accepted! Keep it up!

I wish to find a great agent myself. If you have to choose make them both work. There got to be away someone is looking to take one of those deal. Good Luck.

That's great!! You are very inspiring and it keeps us going ahead.
Thank You Cathy

Hey Cathy,

That is Great news on the two accepted. Haven't chatted with you in a while I will be at the MN REI mtg in Febuary. I am so glad that you sticking with it and having success. Enjoy your trip. I will see you in Feb.

Congratulations again!
Tonia

Congratulations Cathy!!

Michael

Cathy,
Have you though about assigning one of the properties for a fee? I have a few local buyers (investors) that I have come across from running adds on craigslist. If there is enough equity, I am sure that you could assign. If you are interested in assigning and you want to send me specifics (without the address), I could send out to the few buyers that I have met and see if there is any interest.

Not sure if you remember me. We Met at the last MNREIA meeting. I live in Andover.

Erik

What did your ads read? (If you don't mind me asking.) Were the ads to sell the property before you actually "obtained" the property to build buyers list? (referring to "ghost ads") Obviously, I'm a little confused...just trying to follow your story. The lease/option you mentioned...is that so you may find a lease/option buyer OR for YOU to lease/option a property yourself? Did you use your own money, Home Equity loan or....how did you finance? Can you break it down for us?

Thanks much and congratulations. I agree with most. Try not just letting the other one go. Assign, Assign!

BUY both? So buyer can opt out even after making offer(s)? Anyone?

Sorry I haven't gotten back to answer your questions I have been out of town. My ghost ads were quite generic, Just listed a 3/2 in my city then in description I said bad credit not an issue low option fee or contract for deed possible. I am buying with my HELOC so it's not coming out of my pocket. I also have a private lender that I can use too. I ran the ghost ads to get tenant/buyer looking for lease options. With all the foreclosures going on there are alot of displaced families, that want a house and not an apartment. They may have a good income but got involved with a bad mortgage. I am targeting that group. As for your second question, whenever you write an offer you always need to leave yourself a way to get out of it, in these two cases I can use my inspection contingency to back out and get EM back if need be.

Cathy

I just wanted to say thank you to all you well wishers. I am inspired by all of the DG family and it's great that we are all a mutual admiration society.sI am having house inspected tomorrow. I have discovered in trying to get the utilities turned on that my city has taken the water meter out, and will not put it back until some issue are resolved. Apparently the former owners did some remodeling without permits. The city has started inspecting vacant houses and when they came across this one they saw the remodel with no permits having been pulled. They are holding my meter hostage until proper permits and inspections have been done. The want electrical permit, HVAC permit, and plumbing permits pulled and subsequently inspected. My inspector will be checking things over tomorrow to let me know if it is just a matter of paying for the permits, because the work was done right or if there is corrective work to be done along with the permits. One interesting not is that my purchase agreement stated that the seller needed to have all utilities turned on for my inspection. They signed off on it but now they want me to do what needs doing to get things done. Sounds like a negotiation point to me. They may have not known about it when they signed off on it but then niether did I. Will let you all know what happens tomorrow with inspection.

Cathy

Way to go on those deals.....

Serena

Way to go Cathy I am so happy to hear all this kind of information, Looking forward to more information and good luck Cathy good going!!!!!!!

12:55 pm WEDNESDAY 5/12/10 DEAN I'm working on a 3.4 acres parcel witha hoouse and another small builing. I plan to turn it into a park with three baseball fields. What is the best way to get funding on this $500.000 proberty now on sale for $210,000??
STUART