I received some PM’s some here some on FB. One particular on FB stood out. I want repeat, because most was stemmed from ignorance, anger or jealousy. For whatever their reason, I don’t know. I did have to pray about it because at first it stung then it made me mad. So I had to sow it as a seed and prayed over them. But made me think which led to what I’m about to say.

This is a litte 3/1 that I saw while in the area. It was the only house on the street that really looked bad and needed work. Whenever I am in a certain area that I have not been in awhile, I will ride a few of the streets and look for FSBO signs. That's how I found this one. Now I hope to assign it for $14,000 more than the offer. This is because I agreed to pay all closing costs and I'm not sure how much that will be. And this will give me room for negotiating also.

Now I have to market it and send to my buyers (the few that I have)!

Shirley

We’ve been in a housing crisis for more than five years now. Many analysts are reporting hopefully that things are getting better and that housing markets are turning the corner. While prices have been rising in many areas, there are many who see it merely as a reflection of the slowdown in foreclosures in 2011 as a result of the robo-signing scandal and the banks slowing of foreclosure activity while they adjusted procedures.

Hello DG family! Closing another one, this one is with a JV partner! I am doing all the work, and then renting this one out either regular rental or more preferable rent to own

PP: $95K (lowest bank would go on the short sale)
Closing costs: Approx $2K
Rehab: $6K (for a nice cosmetic rent ready rehab)
ARV: $135K (conservatively )
Rents: $1650-1850/mo (easily)

Monthly NET profit to EACH of us as JV partners:
Approx $725/mo ($1450/mo net profits (at $1650/mo))

Plus, we will share the option fee 50/50. Paying my partner a nice return on her investment.

Closing Monday. Want to thank my JV partner so much! She rocks!!! And want to thank Dean and the DG family for being there for me to goto when naysayers get in the way, which they often do.

Bought a HUD home 4 bed/ 2 bath ranch 1800 sq. ft. with full basement. Purchase price of $55K. This house was the ugly, but I sure did see the potential! New siding, gutters and windows. Gutted the kitchen and both bathrooms. New maple cabinets in kitchen with granite tops, tile floors and recessed lights. Bathrooms new everything also. Updated some of the wiring in the house along with plumbing. Kept original hardwood in part of house and installed new carpet in backside of house where old carpet was previously. Painted the entire house to cover up the yellow and purple walls! New doors, fans and much more. Total rehab cost of $45K.

Listed house with my realtor and was in contract in 2 weeks! Sale price of $132K CASH and I am still smiling!

Well guys, I just made a decision to try to get and $1,500 or lose the deal. Since I usually opt to risk-- I think I love the hunt and adventure, it was odd that I opted to take the money and run.

Here in Vegas, we have a fair number of "dogs" on the market and as luck will have it most of buy/hold investors look in that arena.

Here's the deal:
1,000 sf 3X2 in a borderline, but non- violent area
Wholesale comp is $38,000
ARV $50,000

It's a Hot Mess, has a pool, cabinets have been stolen, copper is probably gone too.

My buyer REALLY wanted it at $31,000.

I have a final counter from the bank at $34,000.
My buyer said he would take it at $34 to keep our relationship good---- (he wants to buy 25/month) and he would give me $2,000.