I got an offer to buy 4 rentals that have a cash flow of 2554 a month. The asking price is at tax value, which is between 150k -200k. They are all owened by the family, and they just want to sell them since mom has passed. After talking to them I think a low offer might get it.
I'm not sure what to do now, it's not listed with a realtor, and I don't have an investor to partner with to have a second look to see if it really is a great deal.
Profitableproperties's blog
Rental properties
May 21st, 2012 | posted by Profitableproperties- Login to post comments
Next step
April 2nd, 2012 | posted by ProfitablepropertiesI got a client looking to buy a house and what sounds like realtor willing to work with me. The heat is on. What do I do next? Any thought would be helpful. Thanks.
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Wanting to be surrounded
March 28th, 2012 | posted by ProfitablepropertiesI was at work Monday doing the same thing as I do every Monday. We got a report of a truck sitting in are parking lot that had a bad odor coming from it and that they noticed a bunch of flies inside the cab.
Let explain, when you deal with high volume it's not easy to keep up with every truck, more so when there are so many that look the same. With that said I found the man dead in his truck.
I don't want to die on my job all alone to have some stranger find me months later. I want to be surrounded by people that I love and love me. I want my loved ones to search high and low for me if I was to be gone any abnormal langth of time.
I want more. I want to control my life. Not bill, me it's my life and I don't want a Just Over Broke job.
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At a truning point
March 13th, 2012 | posted by ProfitablepropertiesI want to express my thoughts and fellings about my new journey in life, although my wife listens to me ramble. I feel that I need a friend that is going through the same journey. Push on.
Taking a step.
March 11th, 2012 | posted by ProfitablepropertiesYesterday I emailed an contact that I had prior to starting the change in my life. Told my story and a new friendship is taking off. Turns out they are a mortgage broker that has a awesome realtor and our willing to guide me and help me on my new adventure in life. God bless.
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New Investor!
March 7th, 2012 | posted by ProfitablepropertiesHello, my name is Joshua Morrison and I am a real estate investor. I so ready to make my first deal. I know when I do, the snow ball effect will take place. I have learned to be a stronger person already. I know I can and I will provide a better life for my family and myself.