Okay so within the past 3 days I have made a few contacts and have been talking to this Woman Real Estate Agent that has been very helpful with questions and understanding that I knew to the whole REI Business. Well she gave me a free website for foreclosure homes in Florida that I believe I found my first deal on through using this website.So I typed in the ZIP code where I want to start in since I know the area very well and I know the market of homes in the area pretty good. The deal that I found was a Foreclosure home that is under $100,000 and that is a HUGE HOUSE.
Asking price: $99,000
FMV on TotalViewRealestate : $182,217
Walk through score of 57/100 So it needs work, But not a lot from what it looks like.
Lot Size: 14508
Property Type: Single Family
Year Built: 1962
Tax Assessment: $218,186
Year Assessed: 2008
Also the other comps in the area are going in the $230,000's for houses that are a 1/3 of the size of this one. And figure out how much the house would be worth APV after the whole thing has been remodeled and marketed to sell. So any advice would be appreciated that can help me out with this.
So now all I need to do is find a investor after I negotiate on the price to try to get it even cheaper then what it already is. I am so excited that this is going to be MY FIRST DEAL.
Never Give Up On Your Dreams