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I put in my first deal. I sent a letter of intent and it was accepted so today I will put in the contract. (If I can get a letter of credit) I hope it goes through. I stand to make good money on this deal. I got the house for 19000 and it is appraised and assessed for 51900. It needs new carpet and a/c repair but other than that it is good. Wish me luck.

Hello this blog should be used just for Questions and Answers.
Each question should start with the category first:

Example 1:
Q:Formula: "Enter the question"....

Example 2:
Q:Buyers List: "Enter question?"...Got It? Cool

Next, each answer should read like this:

A:Formula: "re-enter question?":"start your answer.....

Example of process:

Q:Formula: "What formula do you use for.....?

copy and paste (change "Q to A")
A:Formula: "What formula do you use for.....?": Here's the formula that I.......

Hope this helps.

"A clear understanding takes you over the top"

As you might tell, I didn't post this yesterday. I was up too late doing analysis to blog.

This was basically my RE day:
I answered my emails and PMs
I think I posted to a journal (can't remember )
I pinned my cash solds and active listings.
That took almost all day and night because I was having Google Earth problems. I finally figured how to outsmart the problem but it took more time.

Here's a hint for anyone reading this:

Can you help me I want to get started but don't have a clue vein after reading all the books, which way to go is a problem with a non money down deal and noncredit Help Help Help

We have 23 turn-key, cash flowing properties ready to go in Memphis. (Pics below)

They are all...

1) Rehabbed (need nothing)
2) Tenant occupied
3) Have local management in place

After taking out taxes, insurance & management costs,
you get a cash on cash return that beats the crap outta the stock market.

These are truly turn-key, cash return from day 1.

I can show you how to purchase withing your IRA for tax free earnings.

Contact me right now if your tired of the piddly a** return from the stock market.

Good luck!

Thanks,

Jay von Mohr
Mohr Equity

PS) We also have 21 turn-key SFR properties in Detroit
ready to go now as well.

I've gone through the 2010 and 2011 The Edge home study course and am reading 30 days to real estate cash. I'm confused at what to do because I have the cash to put down 20% on a few deals. Everything I'm learning is to find cash buyers, but I want to be the buyer of REOs, rehab and rent. Is there a reason why I shouldn't do that; maybe not as much profit? I'm on my third offer, haven't closed a deal yet, but only 22 more offers to go.

If anyone has some insight or is in the same boat I would love to hear from you!