3rd DEAL ...It's all about the momentum

Don't STOP until U reach those GOALS!!! Everybody needs somebody to look up to... Now, U can be a LEADER in the RE Investment .... I appreciated our phone contact we had on today. It was very informative for me!!! I learned so much from your experiences and u answered so many of my questions. I will be in touch more often and will keep the DG fam posted on my FIRST DEAL!! It's just days away, I promise!!! Again, Thanks so much NW!!!

Wow Northwest you are doing great! What a difference each area of the country has in the value of homes. It amazes me when reading these posts. But I am working hours every day and putting out lots of offers and know my next deal is right around the bend. Reading posts like yours and so many others really helps to keep me going. Thanks for sharing!

You emphasized how important it was on finding a Bank Representative Broker to work with, how did you go about finding one willing to work with you?

Awsome Samuel! You are growing right before our eyes. You made me re-evaluate my thought process. Maybe I need to get a HML and go that route instead of trying Owner financing.
Godd luck going foward.
Richie.

I really am NOT doing anything special.....just diving head first into the world of REI. I get excited about things and with Knowledge and Faith...You gotta believe that things should work out. I can't take the time to worry too much about whether or not I actually know EVERY little detail, but that would be nice.....I just say go for it. Make offers.......lots of them.....In my case........I haven't made very many offers.....they keep taking them. So I am trying to be particular as to each offer at this point. I want the LTV ratios that I feel will give me the Value and Profit I am looking for. I want homes that have NICE equity, but AWESOME equity is better. 2 of the houses that I am aquiring have ARV numbers that are MORE equity than I paid for the House........ie.....160K house = 160K+ Equity
120K house = 125K+ Equity. These are ARV numbers, but actually possible and that is in TODAYS market. If I wait to sell until the market goes up...$$$$$$$$$$$$$$ I don't know how much I'll have.

Nice find. I think you found a new trend with the banks. With their inventories going up they are going to look for ways to unload. What a great opportunity, you brining in new comps in an ever down spiraling market. Thanks for the insight.

Jimmy

Though the bank was in the works to accept my offer......another buyer came in with a CASH offer that was lower, and they took it....Darn it....OH well.....just keep offering. LOL

Sam,
You're a great example to us all. You're going to win some and lose some. Don't get upset or emotional about it or it will eat you up. It's a numbers game and as long as you keep making those offers you will keep making money. Some will get accepted, some won't, some will make it to closing, and some won't. Don't lose any sleep over it. It's just the way this business is!

Ya......it was a great property, and close to my business. My mechanic wanted to rent it from me too....it would have been a nice arrangement. I have to find another one for him, but that's ok....

If anyone can do it, YOU CAN! It just wasn't meant to be on this one. But you're a fighter, so just shake it off and move on to the next one.

Northwest,

What are your means of financing. Are you using hard money and if so , is it a smooth process?

Thanks, Bruce

HML I am using at this point is www.privatemoneysource.com They seem very professional.

Who is it?

RANDY

fairfield financing