All Forum Posts by: Everett Marshall

someone else just told me that. I will get a contractor to go in and estimate repairs tomorrow. its all cosmetic

I don't have the capital or credit to buy fix and flip. I'm looking to flip this as fast as possible. Those are the pics I post online. The roof may look bad but its really just that boarder. roof only 5 years old. Tenants love the house. no leaks or nothing. Tenants even willing to do a lease purchase option.

ads usually say something about the property being turnkey and that it already have tenants and about the shed that can be turned into a 1\1.

That pic is from my walk through. included in the 3000 is the siding around the window, the boarder around the end of the roof, and dry walling in 2 rooms.

I put a house under contract for 30,000

Arv 59,000

3\1 1564 sq ft.

House has a tenant in it paying 500 a month

Rehab 3000

Asking 38,500

I have had this property a week and 4 investors have looked at it but no one has pulled the trigger. I have often read on here that if its a good deal investors will jump in on it, Is there something I am missing? I market it on craigslist everyday. Can someone tell me what I am missing.

how do I build a list of people to send out news letters to without a Web site? Is there a special software to create the news letters? 

see I was told to get her to owner finance it and whatever she ask for down I add to that and find someone else to take over payments. But you guys didn't say that so I guess that's not the thing to do. 

she asking 85,000. I seen anything like this. That's why I ask. She knows the house house isn't worth more than 100k. She knows she is in it for more than its worth. I've seen the repairs and where it's prob not 180k she has fully updated the house. 

I have a property owner that has put 180k into remodeling her home and the house is still only worth 100k. She is willing to do a owner finance but her terms are not what I have read about.  She wants 50% up front, 25% in 30 days and 25% in 30 days after that. I'm not sure how to make this work for me. How should I go about making this work? 

Oh BTW I locked her other house up for 29,000 and it already has  a tenant in it paying 500 a month.  I'm asking 38,500 for it.