We apologize, but the forums are closed for new posts. Click Here To Join The Unemployables Facebook Group

Welcome, Guest. Please login or register.
February 01, 2023, 09:04:05 am
Home Help Search Calendar Login Register

Welcome, Guest. Please login or register.
February 01, 2023, 09:04:05 am
Home Help Search Calendar Login Register

Author Topic: Help me with deal! Houston TX  (Read 4812 times)

Offline Tiffany10

  • Member
  • *
  • Posts: 10
Help me with deal! Houston TX
« on: September 17, 2010, 12:02:04 am »
Hey guys, I have a vacant home. Motivated sellers!!!!! I found owners and it wasn't easy. But now I have paralysis from analysis.
price=16,990
ARV= 90k
repair=17k



« Last Edit: September 17, 2010, 06:15:58 am by Mdhaas »

Offline THATREIGUY

  • Member
  • **
  • Posts: 50
Re: Help me with deal! Houston TX Will split profit with you!
« Reply #1 on: September 17, 2010, 12:29:55 am »
post the details on craigslist... call any and all buyers that you know all we buy houses signs.... first things first do you have the house under contract??? and how long do you have to close on it????

Offline xpandergt

  • Member
  • ***
  • Posts: 273
    • The Clarion Group LLC.
Re: Help me with deal! Houston TX
« Reply #2 on: September 17, 2010, 04:22:28 pm »
Hey guys, I have a vacant home. Motivated sellers!!!!! I found owners and it wasn't easy. But now I have paralysis from analysis.
price=16,990
ARV= 90k
repair=17k



Need more info then that.

Do you have a buyer who is interested?
What do you want to make on the deal?
Do you have more then one come for your ARV price?
What is going to be your MAO?

Bulls make money. Bears make money. Pigs get slaughtered!

Offline Delondon

  • Member
  • ***
  • Posts: 446
    • Wholesaling Real Estate 101
Re: Help me with deal! Houston TX
« Reply #3 on: September 21, 2010, 01:07:48 pm »
Hey guys, I have a vacant home. Motivated sellers!!!!! I found owners and it wasn't easy. But now I have paralysis from analysis.
price=16,990
ARV= 90k
repair=17k



 Sounds interesting, you have any updates on how you handled this particular deal? Paralysis from analysis huh?  let us know how this deal worked out for you. ;D

Offline nsu1997

  • Member
  • ****
  • Posts: 739
    • I buy houses in the DC metro area!
Re: Help me with deal! Houston TX
« Reply #4 on: September 21, 2010, 04:12:41 pm »
If you don't have this house under contract by now you have very likely lost this deal. Can't wholesale in slow motion. I hope your analysis paralysis didn't prohibit you from locking it up.

Offline Delondon

  • Member
  • ***
  • Posts: 446
    • Wholesaling Real Estate 101
Re: Help me with deal! Houston TX
« Reply #5 on: September 21, 2010, 06:47:05 pm »
lol. If you take to long you get it wrong. Just like my mother use to tell me.  :biggrin

Offline nsu1997

  • Member
  • ****
  • Posts: 739
    • I buy houses in the DC metro area!
Re: Help me with deal! Houston TX
« Reply #6 on: September 21, 2010, 07:19:48 pm »
lol. If you take to long you get it wrong. Just like my mother use to tell me.  :biggrin
Yep lol!

Offline bivsflips

  • Member
  • **
  • Posts: 50
Re: Help me with deal! Houston TX
« Reply #7 on: September 23, 2010, 07:39:40 am »
Get the house under contract...now. You can always get out of the deal later, but lock it up.

If these numbers are accurate, blast it out to every we buy houses sign you see, put ad on craigslist, go to your local investment club and tell everyone.
"It is never too late to be what you might have been"
~~George Eliot

Offline Tiffany10

  • Member
  • *
  • Posts: 10
Re: Help me with deal! Houston TX
« Reply #8 on: September 23, 2010, 10:12:22 am »
One of the owners is HARD to get a hold of...He is in the army! And the other owner (her husband) is deceased.

Offline nsu1997

  • Member
  • ****
  • Posts: 739
    • I buy houses in the DC metro area!
Re: Help me with deal! Houston TX
« Reply #9 on: September 24, 2010, 07:09:01 pm »
One of the owners is HARD to get a hold of...He is in the army! And the other owner (her husband) is deceased.

That means you only have one owner now. If your numbers are even close to being accurate it sounds like a helluva deal. Do whatever is necessary to get him to sign a purchase agreement as soon as possible.

By the way, exactly what was your initial question?

Good luck!

Offline xpandergt

  • Member
  • ***
  • Posts: 273
    • The Clarion Group LLC.
Re: Help me with deal! Houston TX
« Reply #10 on: September 26, 2010, 11:02:56 am »
When I first got started in wholesaling, I use to suffer from paralysis from analysis. I was always afraid that seller would be offended by my offers. What you need to realize is that you aren't in the business to make an offer that just the seller finds acceptable. You have to make an offer that first and foremost an investor buyer finds acceptable. Putting a property under contract isn't rocket science. All anyone has to do is agree to the seller's price, but that contract does you no good if you can't find a buyer for it because it isn't a profitable deal. That is how I go about every offer I submit, because a real estate wholesaler really is nothing more then an investor deal finder. If you keep that in mind, you should be fine.
Bulls make money. Bears make money. Pigs get slaughtered!

REIMillions

  • Guest
Re: Help me with deal! Houston TX
« Reply #11 on: September 27, 2010, 11:17:04 am »
No time to get paralyzed :rolleyes... Lock it down NOW!!!

Offline homesalenow

  • Member
  • *
  • Posts: 13
Re: Help me with deal! Houston TX
« Reply #12 on: October 05, 2010, 12:33:37 pm »
Yes, lock up a contract with the owner, now. You've got lots of room to go with the contract price. Add your fee to it, and blast that new price to craigslist, etc., as a cash only deal. When you find a good deal like that, you need to unparalize yourself & run with it.

 




SMF 2.0.15 | SMF © 2017, Simple Machines