OfflineI was over at my little Country airport fixing up my hanger and listening to music while sucking on an energy drink when a fellow pilot came over to investigate my plane and the new guy, me haha. After some chit chat and talking airplanes Of course he noticed the I buy Houses signs on my vehicle and said he had some apartments to sell.
I met him there today, these apartments are actually in a big building built in 1911 with a couple of duplexes alongside.
I was expecting some dilapidated termite and roach infested complex because of the age and the area, but I was surprised, A real cute property with big shade trees and older landscaping with carports and courtyards and balconies. I even picked a bag of big ripe purple figs with the owner.
Anyway, I offered 620K on these 18 units consisting of 2 and 1 bedroom units along with a few studios.
He said he wud take 650K I sent it to my buyer with photos and he's telling me to lock it up cuz he wants it at $685,000
So now I just emailed the seller that we will take it at 640K Waiting for his reply.
The most I've made on a deal so far has been 15K
So making 35-45K on a single deal has got me extremely excited.
I'm cautiously optimistic but I think this deal could happen.
Let's make some MONEY.....
Rando
Rando
Good work, hope it comes through for you.
Michael
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
Way to go!
Jill and Brian Zifko
I wish you the best. i hope you get it...
I have seen similar deals like that here on the beach community along the Space Coast. And while I know fundamentally that potential Deals like these work, I am often skittish about diving into a deal like this to early on in my career as an investor. I am sure you have done all the proper "Due diligence" and have worked out all the figures that need to be worked out. Again,... an early congratulation in what maybe the biggest deal you may have had so far. With a payday like that I am sure you will be taking some time for yourself. But, if you would still be interested in certain deals like that I would be glad to give you all the pertinent information you need to follow through. One fellow DGer to another I hope you will get that deal.
Sincerely
Fred
Frederick R Bauder
You can always find friendly people at airports, I cant remember the last time Ive landed at an airstrip that someone hasn't come up and wanna take a peek at my plane and just visit, pilots are friendly people.
Never crossed my mind to have something on my plane to advertise what we do, I will now..
Sounds like you might have another deal in the bank, well done.
Aaron
Congrats Rando on this potential deal! Any update?
Thanks,
Tom
Of course things never go as planned. The seller is an old guy, I was negotiating with his son until he said, "My Dad is the owner" Ahhhh.
Now the old guy wants 825K But, incredibly my buyer still wants it. But now the old guy is hesitating talking about listing it with a female Realtor he's know for centuries.
My buyer is going over there to reason with the old dude. Seller was an engineer, which may explain why he's over analyzing, hesitating, second guessing, wasting time at his decision to sell to us for the new revised price of $825K.
I can see my profit doing a back flip out the 22nd story window.,
I can see the humor here, The big deals are coming.
Rando
Rando