This is a tale that should give all investors pause. Though it’s extreme, and it’s unlikely that many will run into a situation this bizarre, we should all note that it does happen.

A real estate investor purchased a four-plex in St. Paul in 2008, and she’s still in court trying to get back some of her money. She knew it needed work, but not the extent, and there is no indication that she had it inspected. She paid $47,621 for the property, purchased from an investment trust represented by the Bank of New York.

Here is how my wife & I got 62 calls & qualified 11 new cash buyers this past week - took 1 day to post signs & 6 hours of calling people back.

On Jan 16th, 2012, my Jennifer & I visited a new city in MN that we have never been before, near the Mayo clinic.

Followed Dean & Matt's tips on Bandit signs:

We went to Dollar Tree, got signs that were 24" by 24". We then bought magnum Sharpies at Walmart. Next went to a coffee shop and wrote them out in about an hour.

Signs said:
3 bed/2 bath, Mold in basement, 39K cash only & then our phone number.

Duplex, must sell, $61K cash only & then our phone number

4Plex, must sell, 82K cash only & then our phone number.

So this is my husband and I's third deal that we just closed on yesterday. Check is in the bank for a profit of $3500. The other 2 deals we did were found from Craig's list and bandit signs. This was our first deal we did through a Realtor and it took us several times to find a realtor that was up for this strategy, so I thought I'd write about our experience.

i am sitting here late at night copying and documenting my deals from the very first one i have done so i thought i would refresh my own mind and maybe give a few pointers to others that do not know me .i havent been on the site alot and giving advice or support as much as i used to as i am working full time and still doing deals and learning as i go.i will always be a lifelong learner and consider myself to always be a work in progress.If anyone here on dg is going to be an ACTION TAKER and make things happen then in would suggest documenting EVERYTHING as it happens.I know from experience that if you have a goal of joining the success academy and getting your refund you will have to have EVEERYTHING written or typed and SAVED so you can access it to hand in for PROOF or testimonial.DO TH

Here it is in a nutshell (if you know me or follow me you won't believe I wrote this post this short) I completed my first Assignment of Contract. Nearly 4 years after going to my first Real Estate Investing Seminar in March 2008, many books, audio CD's, advanced training seminars, EDGE 2010, working for Matt Larson, Conference calls, many many bandit signs, websites, business cards, car magnets, etc. is all it took for me complete an assignment of contract. That is the definition of perseverance.

New Home Sales Spike in November

New U.S. single family home sales spiked to a seven month high in November according to Commerce Department. Sales rose 1.6 percent to a seasonally adjusted annual rate of 315,000 units from the previously reported 307,000 units.

Along with that good news, the months’ supply of houses dropped to the lowest level in 5 and ½ years in November as well. In the 12 months period through November, new home sales rose by 9.8 percent. Existing home sales and housing starts were up as well.

How Low Can Rates Go?