My NEXT Project!

I have produced the flyer that I plan to use to market it - yes!

I have my offered prepared - Yes!

Has my offer been accepted yes - NO!

Do I have a potential buyer ALREADY lined up - YES!

I found this property while in AZ for E.D.G.E when I was visiting with my sister, whom lives in Scottsdale. - YES!

Good Luck!

Angela

Hey Anita,

Any progress on that AZ deal. The property is amazing.

Is this really your first deal Anita? You seem very knowledgable and professional around the site for a first timer. It is unbelievable that you are going for a multi-million dollar deal on your first time. I admire your boldness!!

No this is not my first but it IS the boldest one I have ever tried my hand at but you know what they say....you never know until you try

Anita, That is awesome. Keep us posted

hey, sister. I LOVE your flier. I've been looking at it over and over. (the property is so beautiful and you did such a great job!)
I know we've been keeping up by phone but thought I'd ask a couple things in here that more people might be wondering.

I know you said the seller is good with you marketing this aggresively. (of course it only benefits them too!)

I was just wondering what paperwork you have signed as of now to keep "lookers" from contacting the listing agent themselves at this point? (btw, did they respond to the written offer yet?)
What due diligence documents did you use to protect your interest?

Thanks, friend! Love you!

Rina

P.S. BTW, Al Christmann is like the dream realtor!!! Everyone should SEE the comps (and everything else!) he pulled on this property!

I'm finally back on the site. I've been out of service for while, but i'm back on track and more determine than ever. It was great meeting you and seen you guys at Gain the EDGE conference. Wow, that was an awesome experience! I would also like to give a shout out to those who attended this special event.

As far as your new deal, i have no doubt that you will suceed Anita. If anyone can do this is you. I have faith in you and having you as an investor buddy makes me a believer. I like your boldness and determination. I've also taking the same steps as you do and for me, failure is not an option. Good luck with all your investing adventures and please keep us posted.

Lloyd

Hi Rina

Well AL and I worked up the purchase offer and the time frame for the owners to respond was set for thiw Wednesday - so I will post as soon as I get a response.

I used a standard purchase agreement with the followinging additions:

1. And/or assigns following my name
2. Acceptance subject to inspection
3. Ability to market property
4. Title company of MY choice
5. 45 day Escrow
6. $1000.00 good faith money (to be paid upon close of escrow)

I will post copy of purchase offer once it accepted. I have some other things that I will submitt addemdums on once offer is accepted. I will post them as I go.

================================================

re: BTW (AL)

OMG AL IS AWESOME!!!.... That man is like the dream realtor. He actually understands ME...lol..but then again I guess he should as long as he has reading my stuff on here and also I know for a fact that he realizes I am a nutt job....especialy for this one...lol.

So all I have to say is ODE TO AL - THE DREAM REALTOR (applause)

Good to have you back!! I won't hog Anita's thread but wanted to say WE LOVE YOU! It was so good to meet you at the EDGE. (Anita was right in everything she ever told me about you. She's got a good eye for excellence! )

Rina

That's very sweet Rina! I love you guys too. You guys inspired me and i was just as blessed to have met you and everyone else at the conference. Now, i'm back and you'll be seen more of me on the site.

As far as what Anita told you, well, i'm a realist and what you see is what you get, lol.

Lloyd

Thanks for keeping us updated on how this deals goes. I enjoy hearing what investors are doing through-out the country. It gives us all great ideas for our next deal. My wife also wanted to say hello and thanks for visiting with us at the Edge conference. Good luck with this deal and keep us posted on any developments. Believe and Achieve!

You made me blush! Thanks for your kind comments. I look forward to learning from Anita on this project (and maybe putting some bucks in my pocket). To do a deal with the famous "ANITA" is something no one would turn down.

Al

Are these quotes from the movie "Slumdog Millionaire 2"?

"I have strength for all things in Christ Who empowers ME [I am ready for anything and equal to anything through Him Who infuses inner strength into ME; I am self-sufficient in Christ's sufficiency]." Phil 4:13 AMP

"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11

Anita....nothing fear's you does it?? I know you will get this home. From following your posts, you won't stop until the deal gets down so without a shadow of a doubt, I am sure you will pull it off. I am also an agent here in AZ so I know Al is the MAN and taking care of you but if he ever can't and you have any questions I would be happy to help and that goes for anyone on this site1
Also I have a couple of investors I am working with and one of them only purchases high end homes so if all goes well and your end buyers fall out for some reason, let me know so I can present it to him! BTW, this home is beautiful and the area is fantastic and very desirable to any buyer! Good Luck!

Anita,
You have me very excited and interested in this deal, however, i have a ton of questions reading your story, as i'm certain many other DG readers do, so let me ask...
How did you find this home (was it MLS, FSBO, word of mouth, etc)?
How did you determine your MOP? (what are your numbers and figures that you are working with?)
How did you get property pics and interior details to do your marketing plan before contacting owners or having prop under contract?
What is your assignment fee going to be and how are you determining it?
Do you plan on getting your assignment money upfront or are you going to ride this one out until closing?
Why do you say you might need funds to pay for this home? Are you planning on buying it if you can't assign it and then flipping it at a later date?
Are you going to use an agent to sell it for you?
What tools are you using to market this property to such high end buyers?
If i think of any other questions, i will post them, but WE NEED TO KNOW THESEE THINGS!!!!\\
Good Luck,
Matilda
Mid Atlantic Property Management, LLC

How did you find this home (was it MLS, FSBO, word of mouth, etc)? DRIVE BY

How did you determine your MOP? (what are your numbers and figures that you are working with?)I USED THE AMOUNT THEY OWE ON MORTGAGE PLUS ADD'L 250K FOR OFFER PRICE

How did you get property pics and interior details to do your marketing plan before contacting owners or having prop under contract? MOST I GOT FROM MLS OTHERE WERE EMAILED BY 3rd PARTY

What is your assignment fee going to be and how are you determining it? NO ASSIGNMENT FEE

Do you plan on getting your assignment money upfront or are you going to ride this one out until closing? N/A

Why do you say you might need funds to pay for this home? THAT WAS A JOKE

Are you planning on buying it if you can't assign it and then flipping it at a later date? NO I DO NOT PLAN ON BUYING IT _ I AM GOING TO DO A DOUVLE CLOSING WITH A POTENTIAL BUYER I ALREADY HAVE LINED UP

Are you going to use an agent to sell it for you? IF YOU HAVE READ THE POST YOU WOULD KNOW I WAS USING AL CHRISTMANN

What tools are you using to market this property to such high end buyers? RIGHT NOW ALL I HAVE DESIGNED IS THE FLYER BUT I HAVE NO PUBLISH IT FOR CIRCULATION I PUT IT ON HERE JUST TO SHOW MY STEPS AND PROGRESS. I WILL BE USING MULTIPLE MEANS FOR MARKETING

I hope this answered your questions, most of which were answerd already in previous post. But thank you for the interest and you can follow my progress by reading along as I post my steps. Thank you.

Hi Anita, Since I am barely getting started in Dean's book, not to mention this business, you have really peaked my curiosity. I am eagerly awaiting the results of your endeavor. If you pull this off, I will be more excited and motivated than ever. It sounds as if you have a lot of support from this community, which is also very encouraging. I actually live in the Tucson, AZ. area with many high end homes nearby as well. You may have helped me raise my own personal bar somewhat. I wish you well and will be checking in on your progress.

Any advise on how to find decent comps? I tried Property Trend and their are entire areas that aren't coming up. Zillow seems to only use tax assesments (which are way out of wack) I haven't found a decent RE yet so can't get it from them either. Any ideas.

Have already submitted offer for 1.75mil. Al just called this morning and said their realtor said that my offer was too low. Al asked her if that was a flat out decline of the offer but she promtptly said no, it was, they have just not had time to formulate a counter.

Per my suspicious side, I think I will contact the owners again just to see if she actually submitted it. If not andeven if she did I will attempt to negotiage with them from there. Then I can counteract their realtor - of whom I am wiry.

I will keep you informed.

Cyberhomes.com & Eppraisal.com

I love this site all the love and support you getting from everyone. No one being negative it"s a Beautiful thing. I been reading your blogs for the longest Anita you and Rina always uplift me when things seem to be going slow for me in this business. GOD Bless you all.. see ya at the top

With agents, ya never really know if they submit the offers, or even if the listing agent submits the offers to their clients...especially low ones...Gotta take their word for it in most cases, but nice job as far as making sure this one gets presented, and even if it does, negotiating isn't going to hurt.So I praise you for doing what you do...

As we see Anita is not backing down. Her determination are lessons for us all. We have to remain focus, despite the challenges and the prize will come. Good Luck Anita and God Bless.

Sandra

I'm broke, but maybe I can scrape together a bit of cash. LOL I wish you well. I know you'll let us know how it turned out. It will be a great learning experience.

Al called back and said when he got in last evening the other agent had sent him a fax stating that the offer was not accepted and there was no counter. I spoke with owners and this was almost a complete 360 from the other day. Apparently the same agent that has done absolutely nothing with this property since February is now telling them that they will get a better offer than mine - on a house the gotten NO! offers on before.

Next move - after reviewing all of my information again I have elected to make another offer of 1.93mil - my final offer. My buyer is prepared to pay up to 2.2mil for it but if I cant get it for 2M or less then
I just cant see the profit in that.

So I will have Al re-submit this offer later today and see what falls. If they decline it then I will move on, there is another one in the comps that Al sent that caught my evey thats been on the market a VERY VERY long time. So I already see plenty of room for negotiating.