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Hoorah....finally a done deal in May! :)

Posted on: Wed, 05/20/2009 - 18:39
Hoorah....finally a done deal in May! :)

Hello DG Members,

I got some great news on another offer after I was slightly upset about a broker shopping my offer on another home. I had been watching a small brick ranch REO home for 2 months and the price dropped from $69k to $49k. I made an intial offer of $15k and the bank Asset Manager rejected it and countered at $40k. A week later I offered $16k and the Bank Asset Manager countered at $30k. I waited one more week and then stated my best and final offer is $17,500 and the Bank Asset Manager.....accepted the offer! I guess if you have enough offers out there, you have a better chance of one eventually getting accepted. I am dancing around because I believe the home will make a very nice rental property. This is so exciting I want to continue to find more deals. Thanks again to Dean and Matt Larson for discussing the strategy of low offers. I wish everyone success on your deals! Believe and Achieve! Smiling Indiana-Joe

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Posted on: Fri, 06/05/2009 - 03:26 #61
Serena,

Thanks for the reply from the Sunshine State. I have followed the central Florida real estate market and there appears to be some really good opportunities. I looked at the history on-line and saw homes prices go up 3 fold in the past few years and then drop to 50% or less during the past 1.5 years.

So keep your eyes open and I am sure the REOs are plentiful and the opportunities are available all around the greater central Florida area (especially in Orange and Osceola). Hopefully this year we can make it to Disney World in Lake Buena Vista, Florida Smiling Good luck on all your deals! Believe and Achieve! Smiling -Joe

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Posted on: Fri, 06/05/2009 - 08:08 #62
Joe

Congratulation's Joe! Thank you for sharing all your great techniques with us. All the best Joe...............Lubertha

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Posted on: Fri, 06/05/2009 - 15:16 #63
Lubertha,

Thanks for the post and the congrats, I appreciate it. The support from all the DG Members keeps us going to try to find the next deal. Good luck with all your deals. Believe and Achieve! Smiling - Joe

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Posted on: Tue, 06/09/2009 - 01:00 #64
SWEET!

Thats awesome! Eye-wink

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Posted on: Tue, 06/09/2009 - 17:33 #65
Grace,

Thanks for the nice comments. Good luck with your investing. Believe and Achieve! Smiling - Joe

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