I bought deans 2 latest books back in May. Lack of time, stress and fear were always my reasons for not taking action. It took me a while to realize that they were just excuses and that if I truly wanted to be successful, I would have to get over them all and do something about it. So i did. FINALLY! And it may be a small step but it's amazing how quickly things can work out. I was searching Craigslist a few nights ago when i decided to check out the real estate section. At the top of the page was an add that read "WAY BELOW MARKET VALUE". I thought is was too good to be true. After searching for months and finding properties and not taking action. I decided I wanted better. So I called the owner. He is very motivated. His post said $65,000. But on the phone he told me he just wanted to get rid of it and would sell it outright for $60,000. I still haven't made an offer. I have looked on Zillow.com ($96,000), Cyberhomes.com ($59,000), Eppraisal.com($63,000) and TotalView ($73,000). I spent an hour and 1/2 on Zillow looking at comps for that area. There were plenty. I took notes and can look at all 15 comps at once. But because of such a range of estimates I am unsure whether or not its worth it. My goal was $10,000 on my 1st deal. Should I lower my profit? Should I go wit my gut feeling and do it just to say I got my 1st deal done?? Or should I drop it all together and start over? I'm stuck. The house had a 25yr roof put on 2yrs ago. and they also added a family room. It's a 3bd/2ba, 1500sqft, 1 story house. Built on a corner lot in 1958 with a big yard, Huge carport and a shed.
ANY words of wisdom or advice would be helpful and appreciated.
This site can be extremely informative
** KNOWLEDGE WITHOUT ACTION = FAILURE **