We closed today on that REO that was with Hudson & Marshall. It was a long battle back & forth with many offers & counter offers, but we finally prevailed.
The bank painted the interior & installed new carpet
so there is only minor cosmetic repairs left, around
$ 2,000. It is in a neighborhood of 80K to 120K homes,
but we'll sell it in the mid 50's.
__________________
---not just for getting a new property but for being able to deal with the dumba**es over at H&M!!!! LOL
Always Looking to Acquire Houses | Always Looking to Amaze Investors
Congrats! You guys are unstoppable!
Karen
"You're never too old to be what you were meant to be!"
www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...
"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"
Gary and Jill,
that is awesome! are you fixing the property or selling as is? did you pay cash?
thanks for sharing!
wishing you continued success,
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
And Bill you are funny!!
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
Now that's a lot of equity to work with!! Good work!
Shirley
Everything works out in the end. If it hasn't worked out, it's not the end.
You have not lived a perfect day, unless you have done something for someone who will never be able to repay you. Ruth Smeltzer
It is what it is 'til you change it.
Way to go on another deal! You both just keep bringing in one deal after another and are so successful. Congrats and can't wait to hear about the next one!
Ryan
You are truly unstoppable. Congrats.
Sandra
"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.
Great job guys!! That is A LOT of equity gives you lots of options. Congratulations once again.. on to the next one!(:
yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the "present."
"Be not afraid of growing slowly; be afraid only of standing still"
It was one of the most difficult deals to put together. After not selling the property at auction we made an on-line post auction bid ... received a call from a different guy who negotiated the price, emailed a contract & had us send a $ 2500 EMD. We thought it was a done deal, WRONG; H & M put it back up on post auction bidding again, it seemed that they changed & made up the rules as it went along. Finally the bank accepted. You would of thought it was a million dollar property.
I'll be attending a conference with Dean, April 5th, and I can't wait! I am super exciting. My goal is to close on at least 4 deals by the end of this year. That may be a tall order for a newbie, but hey..without stretching you will never get up the ladder! Wish you guys the best of success.
Thank you very much, we just keep plugging away!
We did pay cash for the property. We will fix & flip it, unless we get a quick wholesale deal. I would let it go for 49K "As Is". It's a 2 bed/ 2 bath/
1 Car garage with a separate office that can be used as a 3rd bedroom. It has 1593 sq. ft under A/C with a screen room that can have an a/c duct installed to increase living area up to 1747 sq. ft. It was built in 1995 & is a block
home.
Thanks Tammy, appreciate the support. What's the story on your offer? Has anything happened yet?
Thanks a lot Shirley!
How many properties do you guys currently have?
Thanks Ryan, we try to keep up the momentum. One deal after another is all it takes to going forward. Whether you do 1 deal, 10 deals, or 100 deals; you just have to stay in a positive direction. Will let you know as soon as the next sale or purchase comes around.
Good jod. I know that has to be close to one hundred deals by now. If not you both are the real deal in REI.
You guys take care.
Steve
Steve and Veronica
Steve and Veronica's Journal.
http://www.deangraziosi.com/real-estate-forums/investing-journals/58073/...
http://www.deangraziosi.com/real-estate-forums/totally-fulfilled/72344/d...
Awesome!! Keep up the great work!
... Verses: 35 "but those who hope in the Lord will renew their strength. They will soar on wings like eagles; They will run and not grow weary, They will walk and not be faint." Isaiah 40:31 ...
Thanks Sandra, we try to keep up the momentum despite sometimes being knocked down by REAs that don't even submit your offers.
Thanks Robert, we appreciate it. Just started the clean up today, hope to have this rehab done in about a week.
Thanks Thomas, good luck at the conference.
Thanks Raymond. We currently only have 3 properties in our personal name & 1 in our corporation. We do buy/fix & flip & have done about 55 rehabs here in Citrus county, Fl. We have had rentals & have a property that we own free & clear that we lease-optioned. It is coming due mid June & was a property that we purchased & did not do a thing to but put a tenant-buyer into it, collect 10K deposit, make about $ 500/month positive cash flow & have a sale price of 68K; we paid 41.5K.
Thanks buddy, it feels like a hundred, I'm even starting to forget some of the house numbers & streets in town that we have owned ... I don't know if it is due to age or the number of properties completed.
Thank you very much.
Thank you very much, we will certainly try...
Thanks so much!
Another one down many more to go...
Keep it going guys
Andy Sager
DG's AndyS
CFIC member
Andy Sager
DG's AndyS
CFIC & IE member
2013, 2014, 2015 & 2016 EDGE Alumni
You are rocking it!!! Way to go!!!
Great job!! You guys are completely smokin it!!!
Congrats!
Jen
Congrats guys and thank you for answering questions. It feels great to be on a site where people actually communicate and are willing to help others!!