He's a Hoarder with Chickens and dogs and pigeons, OH MY

you bought something.....you thought you may have made a mistake......that mistake made you $10,000 .....Nice deal......WTG.....

Regards,
Sharon

on leads / offers

No today can be Yes tomorrow or next week/month!!!!

Situations change....

Congrats!

born in Des Moines, Iowa, and I loved my little community. I reside in Minneapolis, Mn for the latter part of my life. You can take me out of the Country, but you can't take the Country out of Me!

Congrats on you Hillbilly Country Heaven Jewel!! Many many more to come!

Romaluv22
Signing Out

That is awesome! I live in farming country and always have, and have seen a couple places like that.
Great job!!

I'm sure the lady was happy to get $16K so quickly! Nice deal!

I LUV IT ) !!! I hear you loud n clear Randy !! I have had my share of ...... Wow r u crazy for buying that ). U HAVE to have VISION !!
As Mike said above... People's needs n wants change DAILEY !! ...... SOMEBODY out there will buy this. The secret is to BUY RIGHT and CREATE A DEAL. Just as u have done. Congratulations and keep hauling in the chicken $$$$$

Randy absolutely loved your story and laughed out loud, I just had to tell you that you are not alone in your ylw. ltr campaign!!! I've done the same but it sure is sweet when the "cows come home"

You made me wonder about the couple. While you were sitting under the tree with them did they happen to say what they were going to do or where they were going? This is an "as is" and buyer cleaning up the property right? Since the wife made the call and did the thinking about it/working on hubby, was he trying to hold on to it? You said they were a cute couple - were they in good health.
Congrats to you and I love the yellow letter approach. I wish more success.

Randy, Way to hang in there, They say Nice things come to those that wait( or is it Great Things ?) Any way, You hung in there and Followed up and made a Nice Profit out of it. LOVE IT !! I am currently working on an REO in my area DOM is getting longer every day, Had my realtor send in offers 3 diff offers, But now staying firm on my price & will stay patient ( Bank is wanting $60k more than FMV. Congratulations !! Keep Em Coming $$$
Darren
BLUE SKY INVESTMENT PROPERTIES
(209) 266-2039

I'm worried about the old couple also. The lady seemed to be in good health, but the husband was having trouble getting around and out of breath. The lady said he was a lifetime smoker and had recently quit. She told me they were headed to Alaska to live with her sister. I'm sure they are collecting SS benefits.
I'm also worried they will freak out when they find out I'm making 10K on their property. I'm also worried about the buyer freaking out when he sees that amount on the Assignment of contract.
But we started escrow a few days ago so he must have been fine with it.
Maybe I shud have done a double close, it wud have been $1,500 out of my pocket. But here's hoping the sellers are happy with the deal we made and this deal fly's.
The sellers asked for 60 days to get all the junk out of there. She asks me, what if we cant get to all of it? I tell her no problem, just leave it.
The buyer had asked me, what if they leave all that junk? I told him, I guarantee they will, it comes with the deal.
The buyer asked what if after 60 days they wont get out? I told him we cud write it in the contract that the Title company will hold back $5,000 till they vacate. What's crazy is the buyer called the sellers to go see the house, they told him the next morning wud be better. He was busy working so he's buying the place unseen. I warned him, you should see the place first, the bathroom is gutted. He said that's OK I don't want to lose this deal.

The success you will achieve is from starting, continuing smartly and not quitting. Thanks for the post. With the success of just 1 deal you can be more comfortable and FAR more confident for the next deal. Keep it up!
Andy

I wish you the best man. folks never quit. you might be 3 feet from the gold.

WALT

I did not intend to worry you. If everyone has signed the contracts including buyer just go with it. If the buyer does not want to deal with the mess there then you can get someone with a truck to help you clear away the debri. You never know what hidden treasure you may find that could be worth more. Also we do not know the buyers intention. If it is a nice piece of property and if the buyer wants to tear down the old house and put a new one on it - etc.
Since the old couple is going to his Sisters house in Alaska I am thinking that the wife did not want to be saddled with the mess once he is gone and just wants to be done with it.
Don't second guess yourself and don't let negativity blow it for you. I don't think I saw any value figures. What are other properties worth in that area?

The buyer on this property is a young flooring contractor, he said his Grandfather taught him how to rehab properties. And he told me he inherited some funds and wants to put them to work.

I expect he will do most of the rehabbing himself saving thousands of dollars. I think he may spend another 20-30K to rehab this house and remove the junk and pigeon and chicken pens etc.
I had estimated the ARV would be about 70-80K and I had a Realtor tell me the same.

I have been talking with the sellers and the buyer, everything is moving forward. So far so good.

Unfortunately, I've had deals just blow up because of various reasons, so, on this deal I was hoping for the best, but, expecting the worst. That way if the worst did happen, I wudnt be totally devastated as I was in some of my other failed deals. I was really starting to get worried too, just a few days ago the buyer emailed me and asks why are we not splitting the closing costs? I would have been willing to negotiate that, but this buyer signed my agreement that stated the terms and one was, buyer pays all closing costs. Anyway, I told him, my buyers always pay closing costs.
This deal was supposed to close last Friday, then the buyer tells me the Title company told him it was closing Tuesday. Yesterday was Tuesday, and I called The Title Co and they tell me its closing tomorrow on Wednesday and I can pick up my check at 10 AM.
Well, you should have seen me smiling all the way from the Title Company, got home, snapped a few photos of the check and then went directly to the bank and deposited it. The bank teller says the funds will be available in 2 days, that's this Friday.
It took about 3 weeks from getting this house on contract to picking up my check.
The reason it took so long is this Title Company was dragging their feet.
This is my 14th deal. Thanks Dean for the motivation, and making me believe I could do it..
Rando

Since my buyer purchased this property I would occasionally send him an email to see how things are going. I was surprised when he told me that he had to get 18 huge dumpsters at $500 each and hired 3 guys for 3 weeks to clean up the property spending $14,000 and he still hadnt done any repairs to the house.
Even a year later I was emailing him and he tells me he still has the property and is considering selling it.
I offered him 40K but he insisted on 45K
I sent him the contract and he crossed out my 30 days and wrote in 10 days. He tells me if I want to tie it up for 30 days I will need to give him $2,500 non refundable deposit.
I sent it to my buyer and he says he will take it at 50K and he doubts he can make it happen it 10 days though. I told him if we start escrow I dont think he will back out.
The deal actually took a little more than 2 weeks and I had my check in hand for $5,000, my buyer flipped it and made $6,800
Selling a house twice is a first for me.
Let's make some money..... Rando