My Deals

Ok, what Im trying to do is find property for investors, and then ask for a finders fee. I need money to invest in my own property, so i decided to step outside my comfort zone, thanks to dean, and take a chance. I am working with an investor through an intermediary. His client is intersted in ($20MM and up for bulk REO tape. Specifically, the following:1B values 32 +3 max (nationwide, $50MM commercial/residential REO portfolio,CA sfr, NY sfr reo tapes. After researching, I now no what this is. I don't know what the "32 + 3" thingie is all about. What is this DG FAMILY?

So i originally posed this in foreclosures so go back and read it for the whole story. but in a short version i received an email with 350 homes for sale all under $11,800 in 16 diff states. States include:

AL,AR,IL,IN,KY,MI,MN,MS,NC,NE,NY,OH,PA,TN,TX

If anyone may be interested in homes in any of these states please PM me. Again go back to my post in foreclosures titled "just received an email" for the whole story!!

Thanks,
Shaun

Got my first message from using Dean's Automated Foreclosure Finder (AFF). Sure, it was a great deal. Owed $170,000 with just under $15,000 to get the mortgage caught up. It's a 3/2 in a nice neighborhood in a suburb of OKC. Property's worth $250,000 -so- there's $80,000 instant equity.

I'm thinking, man, what a great first AFF deal! I'm gonna get it under contract, and look out. I'm gonna make some good money. Just fell in my lap!

..Long story short

The guy wanted a short-term loan to get him caught up on the mortgage. I guess he mistook the services that we offer. =)

I'm just looking for inspiriation and stories of some of the more experienced people here about their first real estate deal, whatever it may have been. I hope you guys share!

Im discussing a lease option on a duplex with a seller and he is willing to do a 1 year lease. He said he prob would rather have an up front premium vs a monthly premium for the option to buy?

Is he basically saying he would want 1 year of rent upfront?

Thanks,
Shaun

I dont know if im asking this queston in the right section. but anyways

I currently own a 1/2 duplex that when i bought it came with a washer and dryer. I wanted to take them out, but unfortunatly i dont live in the area and have to depend on my mom to help me out. well to make a long story short she refused to take the washer and dryer out and rented it out anyway... yeah i was ****ed. especially since im paying the water and sewage.

Hi...

Ive Just Finished Reading Be A Real Estate Millionaire Today... Now My Cousin Actually Lives Across The Street From Me In A Foreclosure Im Guessing Maybe A Pre-Forclosure Since Shes Still There ? It Has A Sign On The Lawn Tho...She Said Her Landlord Who Lives Out Of State Owes I Believe A Couple Hundred Thousand In Payments... Its A Duplex And Her Apartment Needs Work... Appliances And New Carpets And Paint Lawn Care Thats Really It... Dont Know About The Other Floor Tho...

Now The Other Property Is A Condo For Sale By Owner For 83,000

Here Is The Info On It...

I just finished listening to the lastest conference call on May 28: Fake it till you make it! Thanks to Dean and Anita I have looked up a property in my town and now I will contact a Realtor friend to do the comps for me. This property is a rental property already and the add says both homes are currently rented and with each rented a positive cash flow is possible with a mimimum down. Any advice? The current price is $125,000 It is a 1200sqft 3bed, 2 bath with guest house 690sqft.

I'm considering a deal, but not sure how or the first things I need to be looking for to make this deal profitable for me at end of closing. The property is under assignment 3/1 1120 sq. ft. sitting on 1.1 acres and asking 104k including assignment fee and able to split the property for more than one home. Has city utilities on a gravel/dirt road,I'm thinking will have to upgrade curb appeal such as building a road, curb, and side walk to increase the property value.

Okay, my first post ever on dg.com and it's about my first potential deal. I feel like I can use the calculators to figure out if it's a good deal but wanted to pick some brains on the sight.

Here's the situation: