FINALLY!!!!. deal 20 is locked.I want to stress how important it is to find deals where there is an empty lot or added lot with a sfhome or barn with acreage! This is just ADDED $$$$$ that u can CREATE! !!! .I negotiated a home from a seller on a land contract that was one of my prior deals.I sold the home on a sandwich lease or sub.I only sold the house and garage .
I kept the vacant land next door so I could seperate and sell.I sat on the land for mnths because I was possibly going to put a couple mobile homes on it or build but realized I could put it for sale and snag two birds with one stone . I PUT A FOR SALE BY OWNER SIGN on it and got MANY CALLS ......I also got a call from the buyer ofvthe house that borders it.THEY WANTED IT!!!!

In March, Federal bank regulators proposed that mortgage lenders require a minimum 20% down payment on many home loans. The “law of unintended consequences” is being bandied about. After years of too lax lending regulations, some say that this is a gross overreaction and will result in a death blow to the housing market for years.

Opposition to the 20% down payment rule includes:

• National Association of Realtors®
• Mortgage Bankers Association
• consumer lobbying groups
• Center for Responsible Lending
• 40 members of the U.S. Senate

With prices still dropping, and the foreclosure pipeline filling up again, this summer is predicted to bring many desperate sellers to market. They’ll have to be very aggressive in their pricing to compete with foreclosure and short sale inventory. Reasons that some expect summer blow-out prices include:

Bloated inventory – with the national average showing around 8 months of inventory on the market, it’s a buyers’ market for sure. With foreclosures selling for as much as a 50% discount, normal sellers will need to start out at really deep discounts to their desired selling prices.

YaaaHOOOOOeeeee! DG Fam - It's happening! I've been busy building my Cleveland Power Team since I returned from the Edge flying on super-premium fuel. Today I got my first offer accepted there! Happy Dance insert goes here......
Briefly - asking price 30K, a short sale (from which I usually stay away). Minimal rehab - maybe 1-4K. Decent family neighborhood. Exit strategy - lease option tenant for $800-900/mo. What!!! That's ridiculous ROI. (roughly 30%) Offered 25,300 and they took it. You know what that means? I offered too much, but I'm not going to fret about it.
And I have found a bank to do no season refis, have a private money investor for part of it, and am setting up a self directed IRA for the next one.
Woooohoooooo.

Through a Realtor I found a great deal.

$185k Contemporary,3800sqft on 3.2 acres Foreclosure
$13k repairs
$379k ARV
This deal took 4 months from start to finish.

Sold for $310k and closed yesterday!!!Homerun out of the park.

Deals are out there-just know the values and you will see deals. TAKE ACTION!!

Next...

Today, we locked a Duplex with a Garage Apartment for $28K. Cash Flow $1100.00 / mo. I dont believe we can beat this one in the neighborhood. It is next to a park. Hopefully, we can build a power team, property manager, etc so we can Wholesale the deal to another cash investor. Hope we can assign this property quickly for some $$.

Since The Edge event, we've been dedicating a good time to build Buyer's List. Our list is increasing day by day. But recently, we received an email from a local wholeseller who forgot to blind copy all the addresses, so guess what?? we got tons of emails of people investing in the area. We were able to pull all the emails and include in our distribution list.