OfflineI had an offer from a seller, sounds like a very good deal:
He had 12 Single Family Houses, some are with tenants. Market Value range from $30k to $50k each.
Also, 43 City-Urban Parcels. Most of the parcels have 2-3 lots each. Market Value range from 8k to 10k, each.
He's asking $50k for all!!!
One of the houses comes with Oil rights! Not much earnings, but, hey its a killer deal.
We can easily sell the houses $6k each and parcels for $1k each: $115k sale, profit of 65k! at least.
He had Title on each property, not Deeds, Titles!
Let me know if you are interested.
PM me.
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Where are these properties located? If the market value on the houses is actually $30,000 to $50,000 and the can be lived in why not sell each one for $25,000? That is $300,000!!! Then there are the parcels just say $6,000 (you said 8,000 to 10,000 each)that is $258,000. That is $558,000 worth of houses and parcels for $50,000!!Wholesale the deal at 50% of market value = $275,000! Ask yourself if you believe your own numbers. If you can provide the info that proves the market value I will pay $50,000 in an instant. You have a buyer! Me! Just provide the CMAs, appraisals, locations of each property that backs up these market values and DONE deal!!
Thanks,
Michael Mangham
MD Home Acquisitions LLC
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Thanks for the reply.
I will make a package of the information you asked and contact you as soon as i get it, so you can to tell me where to send it.
Thanks,
Ernesto.
To all of you guys:
I will get the legal rights, i am closing the buy/sell contract with seller and hope will be done next week.
Will keep you informed on any news.
Regards,
Ernesto.
Hi everyone:
I bought the package of 12 homes and 43 parcels today.
I signed the contract with seller today, and will have it back with both signed by Monday.
I am going to make a short sale 7-15 days, so when i receive the info, please check the properties and due diligence and make an offer.
Sale with be Cash.
So, starting Monday i will release the information.
Thanks,
Ernesto.
What state are these properties in? How much are you asking to get from it? Would you be willing to part with one or two rather than all? Thank you for your time Please let me know about this info too.
Pone