Okay this is the core terms of the deal. It is in Rock Island, IL close to Augustana college. Motivated Seller with owner financing. We made an offer with 7.5% interest, and got a counter that had 4% interest. And the purchase price was only $5,000 higher than what we offered initially. These are all the terms of the deal.

Contract for Deed for 18 Months
Purchase Price $49,900
Down Payment $3,000
Monthly Payment $500 to seller
Interest rate 4%
Amortization schedule 10 years
Monthly payment is going to be $474.84 (I love my mortgage calculator) plus an additional $25.16 per month to principal
Seller pays Insurance and Taxes
First Payment due 90 days after closing
Balloon Payment in 18 Months will be $41,556.42

Hello DG Family,

That's right, we've got our tickets for the EDGE 2010. We are beyond excited. Last year's EDGE event changed our lives and the lives of so many others. We couldn't imagine missing it this year for anything!!!

Then when we finally got our email to register reading about all the great people that will be there blew us away. We didn't think Dean really could go beyond the amazing experience of last year.... but yes, this year is going to be even better.

If you are waiting for the kick start to your Real Estate Career this is the event you want to be at. You'll learn from so many other DG students and build relationships that will last forever - and may even lead to profitable partnerships!!!!

My wife and I found a new 4 bed, 2 bath, with a 2 car garage on 1 acre in Pahrump NV. It's been on the market for over 90 days. I want this home for my family and I. It's woth aprox 160,000, They are asking 149,000. By they, I mean it is corpret owned. I wanted to put in an offer of 100,000. My agent said I was crazy and that my plan of offering 40% bellow fmv would never work and result in compleet rejection. But none the less she put in our offer. Two day's went by and she called and said I dont beleave it but we got a counter offer of 130,000. She said I never thought they would go that low. So we decided to put in an offer of 120,000 with the seller paying the buyers closing costs. Now we wait. If We get it at 120,000 we will have 30,000 to 40,000 instant equaty in the house.

WOOOOOOOOHOOOOOOO!!!!! Just signed up for the EDGE, I am so excited!!! I've never been to Arizona before, going without my wife this time, but she is supporting my 100%. So if anyone else is going let me know, maybe we can make some plans. If you have been before give me your recommendations before I make my travel plans. WOW, can't belive I am going!! I believe this event will change my life!

On another note, if I come down from the cloud I am on, I am just about done with the Market Composition Analysis. I plan on working on my marketing plan next to help attract the deals.

OK, off to look at some flight options. Let me know if anyone else is going.

We have received a call from an apparently distressed seller. Gina was unable to answer the phone because she was in a training session but she listened to the message during a break.

We are nervously excited about this and we are frantically scrambling through books and posts attempting to figure out what to do next so as to not screw up this opportunity.

We are attempting to build a buyers list but it has not yet developed. We do not have anyone available at this time to buy. We will re-direct our marketing efforts that we have a property available once we actually know the description of the property.

It has been 9 months of grueling hardwork with this business but I can finally breathe some relief. Here is how it happened..

I ran into an investor/Realtor that I had met at an investor's club (go there). He knew what I was doing and said he had a property under contract that he wanted to flip thorugh a double closing (it was a HUD property). I told him that I would contact my buyers and get some people to look at it. He agreed to pay a fee for $3000 if I did, it was obvious that he was making much more but I didn't care.