Holly molly!!! The whole block was vacant

That sounds like a great deal. I also was offered today from a motivated seller 4 houses(bungalows)for 45K. Two of them are rented out and the tenants are paying $450. The other two are vacant. They are also on the same block.
I am considering locking them up on contract tommorrow with a $100 earnest deposit and then try and wholesale the deal for $70K. I met both of the tenants and they did mention that the house needs some work. I am hearing the area and schools are in high demand.

I read your blog the other day about shopping at the mall. You are doing great, I just wanted to ask you what website are you using for possible leads, like this one you just posted, I did go on your blog but wasnt sure which one to try the free trial with? I am currently trying to get my first wholesale deal together and am overwhelmed.

LilyfrmL.A.

Is it 45k for all 4 or 45k each? why do you use earnest money? just curious... Also, I would look at the properties before you lock them up. Then figure out what the ARV is for each. Use the formula that Dean gives us to figure out if the 45k is a good deal. remember Investors are looking for a 70/30 investment. so make sure the price you sell at is 30% below market after repairs.If not than you need to go in with a lower offer.

I find most of my properties by driving through neighborhoods in search of "ugly" houses. There is nothing better than the old school way of bird doggin! after all there are thousands of people sitting on their computers looking at the same properties that you are finding on line. You need to find the properties that no one else is finding. The "diamond in the ruff". that is how I get my leads.

However not every one has time to do that. So the lead systems work for them. The only thing that I suggest is monitor them every day and be the first one to call when a new one is posted (this goes for craigslist as well). Beat the other wholesalers to the punch. the best lead site that I have posted on my blog is http://www.ibuyhouseleads.com. It is worth the $49.00 a month.

Not a bad days work! I love what you are doing and your blogs. God Bless you and your family. I live NJ and would love to do some networking.

I have a property under contract out of state (CT). I live in NJ. I am looking to assign it to a cash buyer. It is out of a divorce situation and is currently under rehab. All materials (98%) are included with the deal. It's located in an area where homes run from 165k (condo's/single family home) to over $300k.

I have it under contract for $85k looking to see at $105k...leaving lots of room. How will the rehab affect the assignment fee? What other things should I consider?

I have people ask me why I spend so much time helping others with my blog and replying to questions that people post when I am not making money from it. I look at it this way, I was there at one time and the people here on Dean's site unselfishly helped me get where I am. I created the blog because I wanted to help those that did not know about Dean's blog. They had no where to get their questions answered.

I have recently felt led to get back on here and let others know that it can be done! Give hope and inspiration.

I would love to network. I first have to wait until my children (I have 7) go back to school so I can have time.

Carol, you are truly a gem. Thanks for sharing your strategies, like I believe all should. We have been place on this earth to help each other, and that is exactly what you are doing. You will receive bountifully by your very action of sharing. God Bless.

Sandra

Congratulations on finding your jackpot deals. It sounds very exciting. Thanks for sharing the strategy and the details with us. It is true sometimes when you find one bargain deal, drive the neighborhood (or the block in this case) to discover other gems. Continued success on all your deals! Believe and Achieve! - Joe

This post was supposed to be about bird dogging but it seemed to take a turn. Anyway thank you Sandra for your kind words. I don't think that anyone that lives in such a great country should accept poverty as a way of life. There are so many resources at our fingertips to build wealth, but sometimes it just takes a helping hand to guide us through and show us how.

Dean and all of the superstars on this site were those hands for me. They encouraged me, fed me knowledge and even corrected me when I was wrong about something. I left this site for a few months trying to go about things myself but something inside kept nudging me to come back and encourage others to go the distance with me.

You're right, finding a whole block that's vacant is great for a birddogger. The fact that you've been successful at this while taking care of your family (7 children!) really encourages me that I can do the same. Thanks for posting and I will also be reading YOUR blog.

Hi Carol,

When you are birddoggin...do you loate a buyer first and get an agreement signed with them or do find properties and then try to find a buyer? I have a lot of vacant properties in my area, and some of them are just cosmetic. How do I get the info out there and get paid. How does this process work? At what point would you get paid and what stops the end buyer from going directly to the homeowner?

Is there title work that has to be done, taxes...etc. or is all of this on the end buyer?

How does everyone come together to make the deal happen?

Geri