OfflineBeen fighting this REO since Sept 2!!! The bank said they would negotiate "lender required repairs" as it was a FHA loan & after I had in under contract they refused to allow anyone to repair anything!The master bathroom had a bad shower & I couldn't close my loan cause the appraiser wouldn't sign off until the shower was repaired & my lender did the most awesome thing & referred me to another lender he knew that could do a
203K loan.He could see my passion for this house besides it was a great deal anyway.You really need someone on your side to get these deals done!I felt it was so hopeless more times than I can count but I stuck with it & it paid off big time!!It's in a area that is in the price range of 97-100k for same 3 bedroom 2 bath type homes.I got it for $77,500 in the end & the asking price was $84,900.I have to pay for the bathroom repairs but it's only around $1500 & I will end up with a almost new bathroom!Man.This was a hard one but they say the first one always is.I bought it with good credit & a steady job so yea I worked hard to do it man is it ever worth it when you get that KEY!!!!So don't give up people! Here's a picture of it!! 
My FIRST DEAL is my DREAM HOUSE!!!!! I'm blown away!!!! Closed today!
Posted on: Sat, 12/18/2010 - 07:47
My FIRST DEAL is my DREAM HOUSE!!!!! I'm blown away!!!! Closed today!
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That won't work here I'm sorry to say
This is a VERY! tough market here!!
I am soooo happy for you! I know it must feel really great to have finally gotten this deal done! Congratulations on the first of many for you, I am sure. I am looking forward to 2011 and doing my first deal, also!
Helen Halton
Way to go.....HAPPY NEW YEAR! Now GO DO IT AGAIN!!!!!!!!!
And thanx for sharing your energy (and persistence) with us.
SirJohn
Attract Private Investors to fund your deals so you can do more deals while using Other People's Money (OPM). For more info go to:
http://www.mcssl.com/app/aftrack.asp?afid=1029023
Regards,
John <>< Future DG & DL REI Billionaire
ASPEN PROPERTIES "I BUY (ALL CA$H), HOLD, LEASE & SELL Commercial and Residential Properties" ANY LOCATION, ANY CONDITION, ANY PRICE
http://ctaffordablehomesforall.usapropertywholesale.com/
SirJohn & Arrowstar!!!
I can't tell you how hopeless it was at one point & I was SO down thinking there was no way I would get it!!!With RE it's not over until it's OVER!
!!
I'm still walking around it in a DAZE
Hey Dan, I just wanted to chime in and wish you much congratulations on your first accomplishment! I myself haven't done my first deal yet, but hopefully will in the next few weeks. I have some things in the works. But you've inspired me to keep going even when it gets tough! Great job and good luck with the next one. Have a wonderful New Year!
Life is full of choices, and these choices become your reality... YOU are in control of your future! YOU decide the direction your life will take. YOU have to make things happen, no one will do it for you!
When opportunity knocks, will you answer?
I totally understand what you are saying about a tough market. I am also in CA. There is none tougher than Southern CA. You just have to find the right niche.
There is a guy up in your general area of the state and he has done 30+ L/O deals in five months and it IS happening here in CA. It is just tougher. But you just have to want it badly enough and have the right mindset.
Karen.
"You're never too old to be what you were meant to be!"
www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...
"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"