Jeremy and Jan have a new offer going in tomorrow, Possible home for under 1k!

Jeremy and Jan have a new offer going in tomorrow, Possible home for under 1k!

We found a tax sale last week. There is just $2,300 owed on this home, which is 1 year of taxes. It needs work and we can't get inside of the place. It is a 2 family home, another investing company purchased it a year or so ago for $1. I believe they had the place rented out but just didn't take care of it, they prob. just left the place how it was when they got it, rented it out and were slumlords. So we have until friday to put in a bid. We can own it free and clear for the asking $2,300 and then assign it to another investor for a nice chunk of cold hard cash or get a hml and rehab it and get the place rented out. Even if we did nothing to the place, we would only be paying $200 bucks a month to keep it. So Jan and I both agreed we should put in a low offer, $850.00 is the number that came to my head, which seems reasonable, and it is an offer I think will be accepted. We have nothing to lose. So we are submitting our offer of $850.00 tomorrow. We will keep you all posted. This will be great if we can grab a home for under 1k. Crazy? yes! Possible? Of course! Where others see something they don't want to deal with Jan and I see $$$$$$$$$$!

Jeremy

__________________

This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams

Bruce Springsteen


Great Job Jeremy

That's sounds like an excellent deal you may have. How many bedrooms does it have? What area is it in? Is this upstate New York?

__________________

"If you cannot do great things, do small things in a great way.”
Napoleon Hill quote


Jeremy & Jan,

Thats excellent, good job guys! Doesn't sound possible to lose money on that deal haha.

Good luck and keep us updated on your progress! Smiling
-Mike Hutchins


Jason

It is a 2 unit property. I believe both units are 2 bedrooms. It will need a good amount of work, we can tell by the outside of it. And we can't get into it because it is a tax sale, but I think we can make some fast cash by assigning it to an investor. I am sure we can if we get it at the price we are offering. And yes, this home is in upstate, ny in the town of Little Falls. It is a small town, near the Utica/Rome area.

__________________

This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams

Bruce Springsteen


Mike

Thanks, and yes I think it will be a pretty good deal for us. I look forward to hearing that they accept our offer. We will keep you updated.

Jeremy

__________________

This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams

Bruce Springsteen


Jeremy & Jan

Your deal sounds almost too good to be true. Great Job Smiling
I have a question tho: I have been studying Tax Sales and I am under the impression that even if you buy the property before the auction, you will still be liable for the back taxes. Meaning that even if you could buy the units for $850, you would still need to pay off the taxes or it will still go to auction. This would mean that the property would actually cost over $3K because of the reimbursment costs. (That would still be a great deal!!!) Am I wrong?

Andy Sager- (Real Estate Investor)

__________________

Andy Sager
DG's AndyS
CFIC & IE member
2013, 2014, 2015 & 2016 EDGE Alumni Laughing out loud


Well Here You All Go Again

Jan and Jeremy, do not get us started again, LOL. As always Lubertha and I are behind you all one hundred percent. Sometimes we tend to shy away from these type of properties, if we only knew how much money could be obtained from deals like these. We celebrate your successes. God Bless.

Sandra

__________________

"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.


Jeremy and Jan

That's right, as investors we think a little differently and see value where others don't. Keep up the great work. I look forward to seeing how this one plays out.


Ah Snap ! I'm calling Sandra....

We got to keep moving. Congratulaaaaaation's!!!!!! Did you say, under 1k? Oh Boy! I better call Wonderwoman ASAP!!! Continued success...........Lubertha!

__________________

"GOD IS STILL IN CHARGE, HE IS THE AIR WE BREATHE"


AndyS

$2,300 is what is owed, if 850.00 is accepted we own it free and clear, and get away with not paying the rest of asking because if they accept it, they are agreeing to the $850.

__________________

This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams

Bruce Springsteen


Sandra, Lubertha, Regina

Thanks again for your support in all of this! And you girls (Sandra and Lubertha AKA Wondergirl and Superwoman) are moving along great yourselves! This is so much fun, do we have a little competition going on here? It would make it more interesting! haha No need for any of us to stop, it seems we are all on a roll now, lets keep it all up and keep the ball rolling. We will all go to dinner when we make 100k each! Deal?

Jeremy

__________________

This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams

Bruce Springsteen


Jeremy that is awesome! How

Jeremy that is awesome! How did you find the house? Also, if you dont mind my asking, how much do you plan on assigning the contract for?

__________________

Success and Nothing Less!


The Perfect 2

Sounds like a challenge to me......It's ON! Just as long as we can remain friends when we win! Ha Ha. Just kidding. We are so happy for the 2 of you guys. We Look forward to the day that we can all look back and say. "Hey, we have a net worth of 2 million". Keep moving forward, great things are ahead. Our goals are becoming more clearer now. Sandra and I are behind you guys 200%! Continued success...........Lubertha

__________________

"GOD IS STILL IN CHARGE, HE IS THE AIR WE BREATHE"


Hey Jan & Jeremy

This sound amazing! You are so brave to buy something without seeing the inside! wow! Just make sure you checked into all the laws regarding tax sales in ny? Here in jersey the owner has a certain amount of time to bring the back taxes to date before it is acutally your property - even after the sale. But good luck with it - cant wait to see how this one turns out - you two are amazing!


Thanks Laura and Lubertha

I am behind all of you girls a million percent! We are all in this together! We are a huge family and team. You all have been very inspiring! I can't wait to see what happens. We need to take risks, and that is something I learned in my life that has been very powerful. If you don't take a risk on something, or do anything about something, then you will never know and always be in the same position. And you will spend your life wondering what if. Sometimes there are just things that you have to find out on your own and learn yourself. So that is how I feel and I feel pretty good. I will post more when we hear if the offer is accepted.

Jeremy

__________________

This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams

Bruce Springsteen


Ikward

Hey Ikward. We found this home listed locally as it was going up for auction. If our offer is accepted we would either 1) Get a hml and do a rehab, hold it and rent it out. Or 2) We would get it under our belts and then sell it to another investor who is willing to do the rehab for 8k or so. Leaving my partner and I a nice chunk of change to split.

Jeremy

__________________

This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams

Bruce Springsteen


Sweet Deal!

This is amazing - 2 units with 2 bedrooms for under 1K - Sweet deal! I guess I've been looking in the wrong places. Anyway way you play this deal you are coming out ahead. CONGRATS!!!


Jeremy,

This sounds like a deal with great potential. Good luck on this deal and keep us posted with all the details. Continued success. Believe and Achieve! Smiling - Joe

__________________

YOU TUBE CHANNEL - Follow me on my You Tube Channel at Joe Jurek Real Estate Investing Adventures
https://www.youtube.com/channel/UCiko62V79zLKX_owbirAYNA

TWITTER - Follow me on Twitter at Joe Jurek CPA
Joe Jurek CPA
https://twitter.com/JoeJurekCPA


Hey Jeremy , SMOKIN!

Hey Boss did you see Our Deal#5 and #6. How low can you go? Sounds like a little heat is in the kitchen. Mm! All the best to you 2, 4 real. Lubertha

__________________

"GOD IS STILL IN CHARGE, HE IS THE AIR WE BREATHE"


Joe and Lubertha

I will keep you posted for sure. And yes Lubertha, we are both SMOKIN! Keep up the success, this is great motivation for both of us. Now since we are both doing deals I guess the next thing is which one of us makes a million bucks 1st! Keep on doing what you are doing, the millions are soon to come for the both of us, I can feel it.

Jeremy

__________________

This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams

Bruce Springsteen


Hmmm... Competition. ;-)

This is so fun to watch! Way to go guys and gals! You've turned it into a team sport! lol
Keep us posted on the details. These kinds of numbers fascinate me. I can't wait to see what you end up doing with them, there are so many choices. Have fun!

Rina

__________________

"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)

"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11

For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249


Boss

We will all arrive right on time! See you there.............Lubertha

__________________

"GOD IS STILL IN CHARGE, HE IS THE AIR WE BREATHE"


Ready, Set, GO

The way I see it, "There is room for all of us, it all depends on who is willing to take the chance and enter." God Bless.

Sandra

__________________

"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.


Syndicate content