Alrite!!!! just got off the phone with a woman that just recieved a home after her dad's death its was his and he owned it since 1989 and its a free and clear. last years taxes are owed with a ARV of around $88k most homes on the block have been sold for $85-97k and she's chucking the equity over to me I told her i could do 20k cash she accepted she said i have enough problems with my own home to deal with another. plus she wants it gone because she cant take the pain of her dad kinda sad... so we set up a showing tomorrow so i can check things out abit and see what shape its really in. to. she assured me it was in good she shape but you can never be to sure..i cant wait to put that baby under contract how much should i try to make off of it??? and should i let her know that i will be selling my interest to somebody else??
Hello all im fairly new to the forum but i've read a few post as to creating a name on here..anyway im going to be starting my real estate adventure monday..i've made up my mind to start out wholesaling because it fits my investing style right now..(i have bad credit, no saved cash ) i've been doing a little research in my market as to building a buyers list(i have 3 cash buyers) and i want to start out with foreclosures and bank owned properties,but i believe i need a proof of funds letter to even submit a offer?? what is the process in making a offer and getting it excepted and what type of contingency's should i put in place so that i have enough time to let my buyer know about it?? and should i let my buyers know that i deal with bank owned so i'll need there immediate attention?? thanks in advance
As we speak im holding a $5,000 Non Refundable Earnest Money Check from a buyer i picked up from craigslist my deal will be closing next week and i'll collect $4,000 at close.... Plus i had someone today call me about a nice home for sale $18,900 with a FMV of $28,000 that would make a great rental i would like to set up a lease option on it so i can get some supplemental income going from it man o man and i having a great day!!!!
yESSS!!!!! i just wrapped up my closing collecting my last part of my fee which was $4,000... i tell ya Real Estate will free your mind and your bank account hahahaha so much to do now that ive finally finished my first deal it was so easy when i look back at it... i feel like a pro joke... i think i cracked the code to success though... im ordering some bandit signs tomorrow and taking the wifey out to dinner...