The seller was found by making calls on rental ads from the newspaper. After a short discussion, he informed us that he was not looking to purchase, but he had a multifamily that was listed with three different realtors from which there were no activity. Out of desperation, he practically threw it at us. All we could feel after that hit was, "ASSIGNMENT." We ran the numbers and met briefly with the seller who gave us a tour of the property. The property needs minor cosmetic work and has a possible sub-division. We also made a few phone calls to our list of buyers.
ANOTHER DEAL, there is no money to be made sitting on the couch !!
July 27th, 2009 | posted by dscvdvrHey everyone, I have been meaning to type this up for a week or so, but just got busy house hunting.
I wanted to take a few moments to tell you about another deal I am signing at the title company in two days.
second deal since joining the academy!!
July 27th, 2009 | posted by Jay Sthilairejust got deal #2 in motion !! signed purchase agreement on 3 bdrm sfr with tennant paying 475 per month. asking price 35000 and my offer 25000 .it has been approx 2 mnths since my offer was presented and at first she rejected it. after closing on my first deal since joing the academy she called back to say she wanted to sell NOW !!
Dean Graziosi Weekly Video Blog #35 - Updates on The Blitz, President Clinton and More
July 27th, 2009 | posted by dgadminThis week Dean gives you updates on the completion of the Blitz, his dinner with former President Clinton and some words of wisdom to take with you this week and beyond.
I DID IT!!!!!! FIRST DEAL IN THE BAG
July 23rd, 2009 | posted by southpaw025So I finally did it. Got my first rehab deal under contract. I am working with an investment company to get the deal but it is a good way to get my feet wet. My father is my financial backer and the company I am working with is helping with the acquisition, rehab, and sale of the property. The property was listed for $55,000. We are getting it for $51,000. Comps in the area are around the $120,000 + range. We will need to put approx. $29,000 worth of work into it and then put it on the market for $115,000.
TotalView and REIT Charts
July 17th, 2009 | posted by dgadminI saw several questions about the REIT charts in the TotalView tool (www.totalviewrealestate.com). I started to simply reply in the comments, but it started getting long enough to justify its own topic. Without further ado...
