OfflineI'm working on my first deal after being with DG for over a year. Found bank approved short sale on friday (10/28/11) from my agent. Looked at the property yesterday in the cold windy rain here in NJ. Bank approved for $75K, FMV 160-180K,Bank dropped price $100K. Made offer yesterday to tie it up while I get POF. First strategy is for double close using transactional funding. May look at selling retail at well below FMV. Only have a few buyers on my list, but will post adds today on this site & CL. Will also post flyers in local stores. Any recommendations are welcome. I got'a get this first deal under my belt.
Joe
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Joe,
I think it is great that you are taking action! There are a couple of other sites like CL that are out there as well. CL is good, but cover all bases. It may not hurt to use the classifieds in your local newspaper and nickel ad paper. Some of them allow free posting online.
So far, its sounds like you are making better progress than me. But I am getting back on track.
Andrew Dean
Joe
What's your exit strategy?
I have 10 days to get inspection to my approval. I know there are items that need to be done to get CO
Congrats.... now get it sold! Build ad on postlets.com and it will blast your ad to several places including a feature that produces the HTML code for pasting into craigslist, resulting in a nice looking ad there too. You know the drill...show how the numbers work!! Best wishes,
Jill Holden | San Diego
Investor Services
Team Development
Jill, Thanks for you comments, looked at postlets and placed an add for buyers. I'm not that computer savy in regards to the "HTML code" for plasting, sadly,don't know what your talking about.
contact some rehabbers,they may be interested
look for ads that have multiple houses for rent and call them
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
Bank accepted my offer on short sale yesterday, now must find buyers. e:mailed a few on my list, no takers yet. Arranging inspection for piece if mind. Will post some adds today in tje local shops. Any other suggestions to find cash buyers or who can close quickly?
Congrats on getting the deal. I live in NJ as well Ocean County. I used to work in Belmar. I'm working on getting a deal done before the new year. Do like Dean did put up bandit signs around draw more of a crowd.
Good luck.
Chris
In order to Succeed your desire for Success should be greater than your Fear of Failure. Bill Cosby.
Some people dream of Success.... While others wake up and work hard at it
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I'm in Cape may County! I met some re-habbers from your area Joe at the SJREI meeting in Collingswood...I will PM you with their info, you never know, this could all come together for you!
Barbara
Appreciate your help, I have to make it down to the meetings some time. Is it the 3rd thurs of the month?
Next time you come up with a good deal, PM me and I will take a look. Thanks, Bent