So far this week I have assigned a contract on a house that Debbie found doing pre foreclosure research. Assignment Fee is $3500, closes the 23rd.
Got a lead from a friend concerning a friend of his that was way behind on payments. Talked with the seller and determined that he needed to talk to my Short Sale guy and figure out what avenue he should pursue. A short sale was determined to be his best option. My agent listed it and we got a full price offer in 24 hours.
Of course, now we deal with the lender and get it closed. Payday, who knows? Short Sale!! I'll net $6500 when it happens. Could be less that 30 days.
Did a co-wholesale deal, I provided the buyer. My net is $5,000. Closes the 17th.
This all happened in Denver, where there is no inventory and every listed property goes for list and higher!! Just doing what Dean teaches, that's all!
Not bad for 4 days work! These deals are the result of networking and marketing to unlisted sellers.
Thanks again Dean!!
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
Bentonville,Rogers and Fayetteville.
Aaron
See you soon!
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
Bentonville, Rogers and Fayetteville all part of NW Arkansas.
Aaron
Why these cites? Lots of re-development going on? Low unemployment? Lots of investor activity? Let me know and we can start building our team there and making offers if it makes sense!
Thanks,
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
I will PM you with more info on this.
Aaron
Got it. We will talk soon about doing some business in your area!
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