OfflineHello DG family,
I am a full time investor. I currently specialize in short sales. I love helping the homeowners that are facing foreclosure. This to me is very rewarding. The homeowners are very thankful when their property is sold. I also purchase commercial property deals that are worth 500k and up.
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| FAQ: Answers To The Most Asked Questions - Start Here | dgadmin | 1909 | 4 hours 29 min ago |
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| This Has Been a Big Day for Me! | steinway024 | 19 | 5 weeks 3 days ago |
Just wanted to say hi & welcome you to the DG site 
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John A.
Hi Donna, I saw your ad on the DG classifieds, I too am a full time investor, as well as being a licensed broker. Currently I specialized in bulk deals and my contacts have sent me some inventory that they have that could be purchased around 40 cents on the dollar. There are quite a few multi families however most of them are underperforming, and might be in need of rehab. Does this fit your model?
The multi-family that we purchase are 50 to 500 units. Prefer occupied, but under performing and vacant will be considered on a case by case basis. 1985 or newer preferred. 500k to 5mil. Value-add, able to achieve break-even occupancy within 3-6 months. Defaulted and distressed is a plus. I would be very interested to know what you have.
Thanks!
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Good Day Donna
Glad to see another Missourian on hear.
Sounds like it could be a great deal.
What is the community like you are looking at? Is it growing?
First get one of dean’s contracts and secure the property, make sure you have covered yourself. With Earnest money applied after 30-60 days and prior to a satisfactory property inspection. You can build in a profit margin of 2-10% pending on what the sellers is willing to take and what the future buyer will be willing to spend. Then you will sign the contract over to the new purchaser and they will pay for the earnest money. And you will get your % at the closing table.
I would be interested in learning more about the property when you get it secured with a contract from the present owner.
Truly
Diana
RoyalDiademProperties