OfflineJust inked a sub2 deal with a distressed seller referred to me by father in law. Older gentleman is 2 months behind and decided to walk away. Has already moved out and moved on. Am getting him caught up on payments and taxes, total of 3200. He is signing it over, has no issue with leaving the financing in his name he only wants the bank to stop calling him and stop sending him mail. Craigslist ads have netted several interested C4D buyers, who I'll be showing it to next week. One of the interested party has 12k to put down. I told him I could work with that.....This is the smallest amount of money I have spent on a house. Net profit should come in at 22k.
Cathy B
Follow my progress at:
http://www.deangraziosi.com/real-estate-forums/investing-journals/44397/...
Sounds like you lucked up Cathy
congrats! It is a small amount up front, but a pretty decent penny on the back end.
Lenee
www.allstarhouses.com
~Act successful! And you'll draw it to you.~
~Every achievement, big or small, begins in your mind. It starts as a thought.~
Woohoo, Kathy!
that sounds great! Congratulations!
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
I need to do more sub2 deals! Congratulations!
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Nice deal Cathy!
Cheap is good
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
Congrats on the deal. A good way to make some good money from a referral you got. It goes to show how telling everyone what you do and who you are works in your favor. Word of mouth is very power. Nice job
Reynold Orozco
Way to go keep at it, Jim
jbischoff
That's the way you get her done... Thanks for sharing your good news with us!!!
Elena
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."
IT'S BEEN A WHILE.....Cathy b congratulations !!!!!!!!!!
Didn't mean to ignore all your comments and encouragement. Am showing property again today, will see who is the lucky person to finally strike the deal.
Thank you all for the Kind words. It really is amazing how you can make money practically out of thin air.
Thanks Dean for your leadership and for sharing your knowledge.
Cathy B
Follow my progress at:
http://www.deangraziosi.com/real-estate-forums/investing-journals/44397/...
So what happened here Cathy? Congrats on your deal. Awesome
Tony
Go faster do more! GFDM!