Three Phone Calls Later

First, you need to lock up the properties with a contract, so that no one else can purchase them. Make sure you have and/or assigns on the contract. I would take pictures of the three properties, figure out comps and repairs and then build in your profit. Go to Vflyer.com and make a professional looking flyer for free. Post the flyer to all the major online classified advertising sites like craigslist, backpage, etc. If you don't get any takers after a few days then call all the "We Buy Houses" ads and either cut the wholesaler in on the deal to find a buyer for you, or if the deal is really good they may buy the deal from you and then wholesale to their end buyer. You will be using an assignment contract to assign the property. Good luck.

KimmyJ
Press on...

Good job that is huge come up but just remember don't waste time you can use www.totalviewrealestate.com is a really good site for the properties info,and good luck best wishes let us know how it goes.

You already received some good advice. I believe one of the keys is to determine the current value of the homes, the after repaired value for the homes and what your exit strategy may be for the homes such as assign them, flip them or hold and rent them.

I would structure each home as a deal independent of the other two deals. That way you can lower the cost of each home with the free third home. This way you can sell one home at a time to maybe payoff or paydown the others if you decide to hold and rent them. I hope this helps. Good luck with this potential deal. Believe and Achieve! - Joe

It seems like you got a lot of good advice here so I just wanted to say congratulations on making that call. I know it was hard to do but the pay off seems tremendous! Go and get it done! Congrats!

You have received some good advise, but you also want to check to make sure there's no Liens on the properties before you press forward. Good luck!

Lloyd

Thanks to everyone for the advice. You guys have really inspired me to push forward even though I'm scared as HELL! I've never been involved in anything like this and I can see a bright future. Thanx!

Great job for making the first move.
Keep us up to date with the deal/deals.
Best of luck to you!
Lisa

You've received some excellent advice here. Ask and you shall receive. Don't ask and you'll simply remain in the dark wondering what to do.
I can't add anything to the advice other than this:
I know the word "scared", he's a long time nemesis of mine. When he attacks me it is usually when I am looking ahead at the horizon. All he wants me to see is the objects that he could be hiding behind. I have found that my best strategy is to look straight down at my path and carefully watch my next step. If he's waiting out there for me, then he can just wait, because right now I'm concentrating on getting this next step right and I have no time to think about where he might be lurking.

Take the first step and the next will be shown to you.

"Take the first step in faith. You don't have to see the whole staircase, just take the first step".- Martin Luther King, Jr.

Hope it helps you as much as it helps me.

Mike

Thanks Mike.
Not just Mike, but everyone that has opened their heart to help me. I promise you all, your words haven't fallen on deaf ears. I WILL DO THIS!!!

Thanks for the post. It encourages me to work through my fear, seek and find...and, perhaps succeed! Good job.

Leo, any updates your 3for2 deal?

Cathy

Just to let you guys know, I did finally get a chance to look at the two properties that he wants to sell for 60k. They are family owned free and clear. One has been remodeled and the other needs quite a bit of work. The way I figured, even if someone did put 10-20k into the houses, they still would come out on top with IE. I will call again in a couple of days and make an offer (any suggestions would be appreciated). I need help on this one DG family. I don't even have a buyer lined up yet. And another thing, I need to know what documents I would need to get the ball rolling. I did make copies of a few of the ones on the site but I'm still kinda confused. I also have a friend who is a realtor that is going to take a look at the docs and see if they line up with Arkansas's laws.

Once again, thanks for the encouragement guys and keep your fingers crossed.

I also have two houses on either side of me that I need help with that I could possibly make offers on.

Thanks guys!!