Congrats Mike. Your on the right track. This going to be a good year
Chris
__________________
In order to Succeed your desire for Success should be greater than your Fear of Failure. Bill Cosby.
Some people dream of Success.... While others wake up and work hard at it
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I find most of my deals on mls, it's challenging to find fsbo here in miami... I put a ton of offers in a month and my exit strategy is the inspection period the seller gives you.. my coaches in dg said to me "we make our money on the purchase, not on the sale" so if i don't sell it before the inspection period, I buy it and maybe fix it up and put it for sale again, or just put it in the market again for sale without rehab or I rehab it and refi..
lock it up on contract.. put escrow on your side... seller gives you the inspection period, market the property and share it with your buyers and try to sell it before the inspection period is over..once I get a buyer i have them put 1k extra in escrow into my title company example ( I put $2,500 in escrow and my buyer will put $3,500 into escrow ) I give the buyer 0 day inspection period so escrow is non refundable so if buyer backs out and he was your only buyer you will atleast keep 1k from the deal cause the seller will keep you 2,500 escrow
I always close with my title company cause they are on your side and will help you and not the seller. Buyer pays for title insurance. and you pay your regular closing cost and selling cost..
"In order for me to think outside the box, that would require me to acknowledge that the box actually exists. In my world, there is no box."
~Matt Larson~
you are so right... i had to step away from my friends and some family that were negative about the whole thing.. But now when they see all the deals im doing, now when they see that i quit my 8 - 5 job, now that they see im living my dream life, now is when they are beliving... I have bad credit, I have a foreclosure on my record that i just did 3 or 4 years ago..
YOU DO NOT NEED GOOD CREDIT TO DO THIS... YOU DO NOT NEED MONEY TO DO THIS.. YOU JUST NEED YOU TO DO THIS
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You already have a great start to make this year very memorable for you. On to the next deal!
Congrats Mike. Your on the right track. This going to be a good year
Chris
In order to Succeed your desire for Success should be greater than your Fear of Failure. Bill Cosby.
Some people dream of Success.... While others wake up and work hard at it
Join me on Facebook. www.Facebook.com/ortizrealestateinvestments
It's nice to see someone else from Florida.With success.Will you share some details?
Thanks
Zsuzsa
Would you mind sharing the details of your deals... how you got them, your exit strategy, and the numbers?
Shirley
Everything works out in the end. If it hasn't worked out, it's not the end.
You have not lived a perfect day, unless you have done something for someone who will never be able to repay you. Ruth Smeltzer
It is what it is 'til you change it.
Mike
Can you share some more details on your deals. If you keep it up you will have a phenomenal year.
Judi
Please explain how you executed the double close and your numbers
Thanks,
Michael Mangham
Mentoring/Team Building Nationwide
MD Home Acquisitions LLC
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
whoohooo! Go Mike!
Great job!! Congrats!
Way to make it happen!
Jen
BUILD AND CONTINUE TO BUILD YOUR BUYER LIST AND PUT ALOT!! OF OFFERS
Hi
I find most of my deals on mls, it's challenging to find fsbo here in miami... I put a ton of offers in a month and my exit strategy is the inspection period the seller gives you.. my coaches in dg said to me "we make our money on the purchase, not on the sale" so if i don't sell it before the inspection period, I buy it and maybe fix it up and put it for sale again, or just put it in the market again for sale without rehab or I rehab it and refi..
Hi Mike
lock it up on contract.. put escrow on your side... seller gives you the inspection period, market the property and share it with your buyers and try to sell it before the inspection period is over..once I get a buyer i have them put 1k extra in escrow into my title company example ( I put $2,500 in escrow and my buyer will put $3,500 into escrow ) I give the buyer 0 day inspection period so escrow is non refundable so if buyer backs out and he was your only buyer you will atleast keep 1k from the deal cause the seller will keep you 2,500 escrow
I always close with my title company cause they are on your side and will help you and not the seller. Buyer pays for title insurance. and you pay your regular closing cost and selling cost..
Waz up Jen Jen
2012 lets do this
Way to go!
Click Here To Buy Deans New Book!!! http://www.lanemccaw.bookimentioned.com/b/
Visit my website:http://qchomebuyers.weebly.com/
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Visit My Linkedin Page: http://www.linkedin.com/pub/the-1-fast-ca-h-home-buyer-in-the-qc/28/b79/...
"In order for me to think outside the box, that would require me to acknowledge that the box actually exists. In my world, there is no box."
~Matt Larson~
waz up lane
you are so right... i had to step away from my friends and some family that were negative about the whole thing.. But now when they see all the deals im doing, now when they see that i quit my 8 - 5 job, now that they see im living my dream life, now is when they are beliving... I have bad credit, I have a foreclosure on my record that i just did 3 or 4 years ago..
YOU DO NOT NEED GOOD CREDIT TO DO THIS... YOU DO NOT NEED MONEY TO DO THIS.. YOU JUST NEED YOU TO DO THIS
GET ER DONE LOL