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:welcome:

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I'll be checking out the REI too.. :mrgreen:

I will have to agree with lenderles, this site has great info and lots of people willing to anwer any questions!

:welcome:

MY husband and I have found several properties..

We need some buyers so we called several WE BUY HOMES ads and we are getting so many different opinons... one investor asked us if we were new to this and we said yes.... and he started drilling us.. (somewhat normal) Anyways he told us that the appraised value of the home does not matter, it is the comps.

My question is when looking at comps especially in a old (historic) neighborhood with newer homes and older homes that have not had really any renovations.....how do you know what to look for??

Here is what I found on this property.

the house was built in 1930 (completely renovated)
The seller has agreed to 190,000 as purchase price
no repairs are needed
the house appraised about a year ago at 245,000
according to the comps there was a house that was built in 1945 and I'm assuming it has been renovated ... it sold for 395,000 in Jan. 2007
Other comps were showing price ranges from 70,000 to 450,000
THe neigborhood is a pretty nice place.

Any advice would be great. :blush:

Alright thanks!!! I :D

Where do I place my exist clause in my contract?? (sorry if this is a silly question) Also I have a sale and purchase of real estate contract (no broker) is this contract ok to use?? I thinking it is but just want to make sure... THANKS!! :mrgreen: (little overwhelmed after reading through it a few times)

I have found four properties that are being auctioned in a few weeks. I have already done all of my due diligence and they seem to be great deals! If I could get one or two that would be awsome. I wanted to know if there was anyone who could help me out with the funds.

I would need about 50k to purchase the property(properties). I know of a few investors that will be interested, that I can sell them to. I will only need the money for a short amount of time. I am not opposed to paying a little intrest even though I wont have the loan for long.....it's gotta be worth it for you to, right? :wink:

Ok so I found a property and the guy has agreed to the price I have offered him. I have a standard contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement.

Is 10.00 ok for earnest to make the contract legal??
Once I get it under contract I have an investor who is interested..so what is the next step??? An assingment contract? If so can anyone give me a site to go to or tell me what the contract should say?

Any help would be great!! If you can tell this is my first deal! :D

HAHA!! YOu need to write a book! That has to be by far the greatest success story I have ever read!! A sense of humor! I am in the process of trianing my husbands mind like that! (he get discouraged easily) We both enjoyed this!! He says that he is gonna keep saying "Im rich b***h"! (following "Im a muli-millionar REI") :lol:

Well, WHAT a GREAT name! :D THank you very much! I am going to see what my schedule looks like and I may be able to be there and I def. would like to listen to the teleconference! Thank you. Is the class and the benefit at the location that you gave me yesterday? Have you looked at any properties yet?? Oh yeah, on the ***************** if you go to FH education you can read tons of articles!! THey are good. Do you know anything about any types pf creative financing? :D

Alright!! THanks so much. I'll check it out! :rock: What types of investing are you looking to start out doing? (sorry you may have already said..I have been reading soooo much on here and other websites.)

I have done nothing for the past month but read..read..read!! :D