DEALS! DEALS! DEALS! from coast to coast!

Thanks Joe for the sharing. I just completed my first 2 deals now residing in LasVegas. I was just thinking of if the markets was any good back home where I'm from in Chicago. Thanks for the confirmation. I'm ready to do deals as you say from coast to coast.

Tiff

~Never give up on your dreams. Wake up and go get them!

on being able to find deals across the country. Tammy

It can happen. Once you know how to build teh system and power team, the sky is the limit. I was in Las Vegas in November and Reno earlier in the year. The market is started to change and is getting better in your area. Keep making offers and finding the motivated sellers.

In the Chicago area it is amazing how you can find deals even in the more pricey neighborhoods. There are deals abound in the suburbs. Let the adventure continue!

Thanks for the comments. I know there are some good deals around the Arkansas area as well. Good luck on your future real estate deals.

But I can tell you where the market is tough and that is the area where I live. Sure the properties are pretty low but still to high, ran the numbers on a lot of properties that are priced low, cannot cash flow a property for 25 bucks either. This would not cover repairs as they are needed, several people have asked about these properties but nobody is willing to owner financing them and these are investors wanting to down size. Cash and that is it, sure I can get a loan to finance them but with so little cash flow no way, so I am looking else where to see what I come up with.

Shawn

I have been all over Texas the past year and have found so many good areas especially in the Dallas area that is about 70 miles from Sulphur Springs. I also know that Fort Worth (approx. 750k people) is growing rapidly and will soon surpass Dallas (approx. 1.2 million people) in the near future. Sometimes start in your local area and expand out from there.

One strategy you may want to consider is finding great deals and taking in an equity partner that has cash. You could also look into owner financed properties. I just did a quick search and found the following property listed with owner financing: 322 Weaver Drive Sulphur Springs, TX 75482 and the ad read "Owner Finance!!! Fixer-upper on over half acre in town, with more land available for additional cost. Bring ALL offers!" It appears this seller could be motivated.

Also, I found more than 20 homes that are currently listed as "lease to own". There could be a motivated seller here that will sell to you on contract with no money down. It depends on the motivation of the seller but if they are flexible you could consider doing a sandwich lease option. I hope this helps. Good luck. Believe and Achieve! - Joe

There are deals everywhere. All YOU have to do is look and make the offers and then make some money. I had two offers accepted today at 40% of FMV..This market is crazy..NOW GO GET SOME

Congratulations on your two deals. Way to go. There are deals from coast to coast. The time is now the market is ready are you? Make an offer today and lets hear about your new deal tomorrow. Believe and Achieve! - Joe

I have many clients who are finding great deals in the mid-west. You can definitely finds deals all across the country but there are spots like Kansas City, suburbs of Detroit, Michigan and even the east coast in the Buffalo NY area where there are great deals! These are sweet spots for income properties too!

Yes there are great deals coast to coast. I have been to so many places this year that have great deals. I want everyone to know there are deals no matter where they live. If they take action, build their buyer's list and make offers, they can get a piece of the huge tasty real estate pie. Believe and Achieve! - Joe

Hi Indiana Joe, Would you please share with me what you used
to search, "I just did a quick search and found the following property ..."
I would like to use that search method for my area, Salt Lake City county, Utah. Thank you.

great to see you back thought we had lost you. you are an inspiration knowing it can be done right here in bear country. thank you joe sincerely rich from ottawa il

What great energy you have! Thank you for sharing this with us!
I'm still looking and hoping to get a deal out her in Nor Cal- even though I hear that deals around here are no different to deals elsewhere in the country, that they only have more zeros on them, those xtra zeros can be a bit intimidating to me.

Thank you for all your advice, very much appreciated!

I went into google and searched the area with the key words of the type of property I was looking for. It then came up with various proeprties and websites that had them listed. This will work for anywhere in the entire country. I hope this helps. Good luck. Believe and Achieve! - Joe

Hello, neighbor! Thanks for the comments, I appreciate it. I believe you can be successful with real estate anywhere. The secret is Persistence. I am looking forward to hearing more about your progress and future deals. Believe and Achieve! - Joe

It is great to hear from you. Thanks for the positive comments, I appreciate it. I had a great time a few months back in the bay area. The farther we went from the downtown area the more affordable the home prices were. We found several deals in some pockets of the Oakland area. The homes can still have more zeros but hopefully more profit potential too.

I had some great fish at Fisherman's Wharf Pier 39. It was a great city to visit and my next trip I have to take a side trip to the rock! Good luck on your future real estate deals. I look forward to hearing more about your efforts. Believe and Achieve! - Joe

The one on weaver I had already noticed some time ago, the place is a complete dump, needs major rehab work, as for plumbing and electrical I am not for sure am just going by the pictures and the place looks like a mess. At the asking price it is too high due to rehab cost would be around 15k, taxes, insurance and mortgage cash flow would be low too. I have been looking in the Dallas Ft Worth area as well, all I have come up with are other investors wholesaling properties. I have run several ads in this area with no luck either, was in the area for several weeks with advertisement on my van also, not a single call either. There is a whole some where that just is hard to find. REI meetings maybe but my work schedule does not give me the time for this either at the moment. Found a couple of others here in sulphur springs, fsbo, tried to contact them via email and phone, no answer. Stuck between a rock and a hard spot.

Shawn

It is a game of persistence. You may want to try to contact every single "for rent" sign you see. Inquire if they are selling the property. If they would consider it great. If not ask them if they want to buy more great deals. Thus, by calling for rent ads you are looking for buyers. Call rent ads on signs, in newspapers and on-line classifieds like craigslist.com.

You will find thousands of landlords and maybe some buyers and motivated sellers. Once you do, you might be a step closer to an owner financed deal, an assignment or a double close. Figure out which exit strategy may work the best based on the deal. Good luck. Believe and Achieve! - Joe

I'm glad your doing so well,I live in the midwest,around the Quincy il.area,population of 40,000.real estate agents told me they didnt get hit has hard as some of the other states.what do you suggest I do?

It is true the Midwestern states did not have the huge price fluctations several other areas had across the USA like California or Florida. However, in today's real esttae market there are still many motivated sellers. Look for the motivated sellers such as estate sales, divorce or even relocation. People get motivated and can only do 2 things to sell their home. Either lower the price or make improvements and most decide to lower the price.

There are many motivated sellers that can come to you through the use of bandit signs. Also have bird dogs looking for distressed properties for you. Be sure to have plenty of buyers so when you lock up a deal you have an exit strategy. Good luck. Believe and Achieve! - Joe

Hi Indiana-Joe. When you say "taking in an equity partner that has cash." what exactly do you do when you find someone that has cash? If you find a great deal and you have a partner that has cash, what exactly do you do? Dumb question, I know, but I'd appreciate your answer. Thanks!
-Teresa

Thanks for rejoining us Joe!

Always appreciate all of your awesome advice and encouragement!

machine! Awesome! Very inspiring to all!

Hi Shawn,

Take a deep breath and realize that this is a very nice 'problem' for you to have!

In the middle of Joe's fabulous thread of 'DEALS! DEALS! DEALS! from coast to coast!' though, is just not the place to post your dilemma as it will get lost in the middle of the responses.

My advice to you is to thoroughly check out the numbers of this deal, see if they will really work and if they do, start a new thread regarding this issue.

1. You have a great owner financing deal
2. You need someone to partner with you who is willing to put up the $5K down payment. (Not such a big deal for some people!)
3. You offer to share all profits 50/50. WIN/WIN!

Work out the details of the title of your thread. MAKE IT CATCHY e.g.
'$5K CASH PARTNER WANTED!'
'50/50% SHARE OF PROFITS FOR LOW DOWN PAYMENT'

Put the basic details of your deal in the first post and ask for people to PM you with contact information.

Again, make sure the #s work first.

Good Luck, keep us all posted.

Angela

This is a great thread!

I think letting everyone know that there are deals everywhere, right now is truly valuable to all the DG members who often think that they cannot succeed in their own areas.

Keep on inspiring!

Angela

People that have cash are always looking for a great investment from the stock market to gold to real estate. If you find a great deal that would be a great investment or offer a great return than show another potential investor the deal after you have it locked up under contract.

A great deal can be a buy., fix and flip or a rental property that produces a monthly positive cash flow. The better the deal the more potential partners that may be out there. For example, I had a friend that wanted to do buy, fix and flips and had cash but did not have experience in real estate. I found the deal, they funded the whole deal and we were partners on the deal.

In other words you have the great deal, they have the cash so partner together with them by providing the deal and they provide the cash. This can be a win win situation. Good luck. Believe and Achieve! - Joe

Thanks for the positive comments. Good luck on your future real estate deals. Have a great week. Believe and Achieve! - Joe

Thanks for stopping by the forum. Malibu is a great place to visit and I enjoyed the area the last time I was there. Wishing you good luck on all your future deals. Believe and Achieve! - Joe

Thanks for stopping by and the positive comments. There are deals everywhere in the USA. I had had the pleasure of seeing more than 150 cities and meeting alot of great students. We find deals every where we go within the continential USA of the 48 states and even Alaska and Hawaii.

The key is do not listen to negative people or even negative real estate agents. Do the research and the deals will appear. From realtors to bid dogs to bandit signs, it all depends on how bad the investor wants that next deal. Hope you have a great weekend. Believe and Achieve! - Joe

Thanks Joe for your response,I will take your great info and run with it.