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First Deal Jitters

Posted on: Wed, 07/22/2009 - 23:49
First Deal Jitters

I just came across 2 listings from an agent 1 has a FMV of $1,349,000.00 and the other has a FMV of $1,499,000.00. These are both bank owned and the agent has told me the bank will take $550,000.00 for one and $ 565,000.00 for the other one. I have signed the contract on both and would like to assign them to another investor for $ 750,000.00 and $765,000.00 will houses in this price range be harder to move even though the investor will be making $599,000.00 on the first one and $734,000.00 on the other or am I asking to little for these homes? I will be making $200,000.00 on each of the homes.

Thanks
Pete

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Posted on: Thu, 08/27/2009 - 20:19 #1
Pete712,

Thanks for sharing the information on 2 of your potential deals. Did you move forward on either of these homes? If so can you share the details with us? Thanks and good luck with real estate investing. Believe and Achieve! Smiling - Joe

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Posted on: Thu, 08/27/2009 - 20:28 #2
Read Landczar's last post.

Read Landczar's last post. It is absolutely possible to move these homes as well. It's all about the numbers. Great job!