finally my deals are breaking...
after months and months of bidding at auctions, making over asking prices for reo's and making low ball offers on short sales bang!!!
Monday 2 condos i made offers on in Dec of last year were approved...the bank wants to close next week
Tues i nailed a renovated 3 family at an auction...need to close in 30 days...
Wed (today) another short sale 3 family was approved...need to close in 2 weeks... and the bonus is the broker tells me i can get the 2 family nxt door also!...this one fortunately wont be approved for a few months
now the scramble is on...i will probably have to let the 2 condos go...i hate leaving money on the table but i just cant fund them w/ all these other multi family deals right now...im trying to wholesale these condos but not sure if the bank will wait
im trying to wholesale the condos and make anything i can but doesnt look good and bank doesn't want to wait...
if any boston investors out there these 2 condos could make you $100K with in a few months depending on a few factors...looking for $70K each...ARV of $120K...only very minor work needed (painting and re-finish hardwood floors)
Comments (2)
Congrats and i'm interested in hearing about those condos and potential 100k
Erie Springer, over 14 years ago
Ah, a good problem--exactly what you were going for. Congrats on winning some deals!
Jon Klaus, over 14 years ago