3 years in the making and just gotten my first deal of 15k!
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I'm working on my first deal ! And I'm highly excited about it. My wife and I just finished our first One on One with Dawn Erling. She is great! An excellent teacher. Patient and willing to go slow until we understand and get what she is teaching us. She showed us how to find a good Realtor. We looked at 3 houses yesterday 2 of which we are evaluating and doing the numbers on, so we may put in an offer on one or both! Our one on one mentor, Dawn, really put the last pieces of the puzzle together for me and now I see the whole picture. I'm ready to go. I'm off and running. Look out Real Estate world, here I come !!!
Was Signing a Contract today & the Neighbor asked us to Buy His House; Just From We Buy Houses car sign!January 5th, 2014 | posted by gceriani
This was freak'n amazing ... we were signing a contract earlier today, when the neighbor came over to ask if we wanted to buy their house ... they saw the We Buy Houses Magnetic Cars Signs.
We took a look & it was in excellent shape, the people want to leave because of kid's noise in the neighborhood. They are moving to a 55 community.
The property is free & clear, he was going to list it with real estate on Tuesday for 59,900 just to move it fast ... they paid 50K in Sept.& put in new appliances. We offered 52,500; cash & they accepted!
It's amazing how a $ 20 set of car signs has generated into hundreds of thousands of dollars of sales!!!!
Our first deal of 2014 went under contract today! MLS listed property that we acquired using the 25 to 1 system. I got an accepted offer on December 31st for $245,000. 81.5 % of ARV minus repairs. We assigned the contract today for $252,000. Closes January 10th. $7,000.00 to us.
ARV is $350,000
Rehab/remodel is $40,000
83.5% of ARV minus rehab is what my buyer paid.
We got another MLS listed property under contract this morning. Will be sending it out to my buyers list tomorrow. 25 to 1 works!!
The numbers on this one are:
Our buy price $409,000. 83% of ARV minus repairs.
Rehab/repairs needed $50,000
Will ask for $10,000 assignment fee
Buy price to my buyer $419,000.
Buyer will pay 85.5% of ARV minus rehab costs.
I wanted to take the time out to wish everyone a Merry Christmas! I've been absent from the site for a while, but have many things in the works and plan on resuming normal posting activity. Happy New Year and God Bless you all!