OfflineThis 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
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.
Sometimes, that's all you need.
Hi Shirley,
Sounds like you are moving along very well. Thank you for keeping us updated
on your progress. I wish you continued success!
Denver
"Do, or do not. There is no 'try'"
------Yoda
Think, say and do what is right; refuse to think, say or do what is wrong.
Thanks Greg.. I will !
Dallas, you're right. It only takes one. But I'm advertising it on C/L, Backpage, LinkedIn. etc. I'll take it to my REI meeting next Monday too!!
Denver, thank you. Right back atcha!
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.
Hey Shirley,
Congrates on finding that deal, market that bad boy until sumone bites. Good Luck & dont forget to let us know wat happens with the deal....
- Look Out World, I smell my FIRST Wholesale deal coming...lol...
- "Ether we evolve or dissolve, but change is inevitable". - Davillion T. Royal Ward
- "All men dream but not equally. Those who dream by night in the dusty recesses of their minds wake in the day to find that it was vanity; but the dreamers of the day are dangerous men, for they may act their dream with open eyes to make it possible". - T.E. Lawrence
Good job getting out there and taking action. Here's hoping you find that buyer ASAP. Keep us posted.
Denese
Hi Shirley,
Forgive me please,
but how many accepted or completed deals are you up to now? And the details on this one?
You have doing so many creative types of deals-- it is exciting to read and learn from you.
I assume (or maybe missed that you already said) that you did this one directly with the seller-- no agent, right?
Great job and great spread-- let us know when you sell it and complete this puppy!
Never, Never, Never Quit, N3Q
"Nothing happens until you place an offer."
"Skip Deal #1, go straight to Deal #2; it's so much easier."
"There is nothing so useless as doing efficiently that which should not be done at all." — Peter F. Drucker... so, "Don't sweat the small stuff." -R.Carlson. "The greatest mistake you can make in life is to be continually fearing you will make one."~E.Hubbard, The Note Book, 1927...so, Do it for the right reason and "Do it with a headache!" - Dean Graziosi, Weekly Wisdom #176
Good luck with that one!! I do the same thing, ride around looking for signs, found a gem a couple of days ago. The seller is very motivated and willing to negotiate the price. And I just got my first property under contract today so I'm marketing too!!
Crystal
Have a blessed day, happy investing!!
Crystal M. Rodrigue
I have no deals completed as of yet. This last one is a FSBO too. I have not dealt with any houses listed by realtors since last year when I made an offer on an REO and I got discouraged with them and walked away from it.
This one is owned by a lady in a nursing home and her daughter is selling it. It has not been reassessed by the county since 1946 and the tax value was listed as $12,000. I knew that was not correct because all the houses in the area that were the same size had tax values ranging from $40-55K. This one needs some cosmetic work in the $5k-7K range to be rentable. I offered $6500 and she countered with $7500 and pay all closing costs. I agreed because I could see the potential profit. The ARV is $40-$45K and I'm going to assign it for $19,300. I recommended a real estate attorney to her that had been recommended to me and that I was going to use. (she wanted an attorney to review it).. I called him the same day she went to see him (the next morning) and he said he would be glad to work with me but he was representing her in this deal.. Wow, I could have shot myself in the foot on that one, but everything on the contract was ok except he wrote in that it was being sold 'as is" and that was fine because I forgot to write it in myself.
So I've been marketing it since she accepted it. I've put it on CL/Linkedin/backpage, postyourpropertieshere, and sent it to buyers on my list. Monday night I'll market it at the REI meeting. But I have to get back in time to listen in on Dean's WEbinar!
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.
The one you're talking about is the brick ranch and I have until the 15th...tick tock. I had a buyer who wanted to pay 1/2 ($43,000) of the asking price and wanted the owner to finance the rest, but he didn't want to do that. And the buyer didn't want to offer any more. So my partner in the deal (met him at the REI meeting) wants to talk to me tomorrow about a new strategy and I'm sure it will be subject to. I hope I can talk the owner into doing this... because I'm running out of ideas and out of time!! This is a steal of a deal.
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.
Great job Shirley!Keep up the good work and on to the next ones.
that you will find a buyer! Keep us informed, OK?
Les
As a man thinks in his heart, so is he!
Think on these things: whatever things are true, whatever things are noble, whatever things are pure, whatever things are lovely, whatever things are of good report, if there is any virtue and if there is anything praiseworthy- meditate on these things
thanks, I sure hope so. I advertised it for $19,300 and got a cash offer of $11,200. I countered with $15000 and all closing costs paid.. waiting to hear back from him.
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.
the more you talk to seller and buyers the more confident you become. On to the next post!(: keep us posted.
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"
Shirley, love the way you explain the deals and exit possibilities-- it sounds like your a natural.
Keep up the great deal creation!
-Tina
Never, Never, Never Quit, N3Q
"Nothing happens until you place an offer."
"Skip Deal #1, go straight to Deal #2; it's so much easier."
"There is nothing so useless as doing efficiently that which should not be done at all." — Peter F. Drucker... so, "Don't sweat the small stuff." -R.Carlson. "The greatest mistake you can make in life is to be continually fearing you will make one."~E.Hubbard, The Note Book, 1927...so, Do it for the right reason and "Do it with a headache!" - Dean Graziosi, Weekly Wisdom #176