All Forum Posts by: Andre Green

Does anyone know how to move this post into the Creative financing forum to possible get some more feedback and advice?

Raymond B. thanks for the info on the hyperlink.

@Loc R - good points that I will explore when I talk to them over the weekend. I want to make sure I don't forget any of the creative financing options before I speak to them again.

@Jake Kucheck - I am going to find out as much as I can from the seller about the reason they are waiting to sell their current home before making the move. What's an AITD by the way?

***Also how do I make the @ a hyperlink?***

I will speak to them this weekend @Loc R. but what kind of financing options would there be if its only financial to not go the convential route through a lender?

Ok so I have some real estate experience in the business not the most and I'm not a newbie but none of it is on the creative side to get things done really outside of the box.

Like the majority of the population in my age range I have committed my share of bone head financial moves dut to ignorance and stupidity of me knowing it all at the tender age of 18 because I thought I was invincible (like who listens to their parents in their teenage years...lol... like don't waste your money and save some for a rainy day...blah blah blah). So fast forward 10 years and I have paid of my $30k!!!! of credit card debt (how dumb was I) and created some savings through alot of sacrafice, budgeting, and change in my spending habits and I feel like I have just completed a marathon! (BTW my parents were so right about everything! Even though I won't admit it to my Dad yet. I'm waiting to do it as a Christmas gift. LOL)

Anyway I have been looking to purchase my own home and I came across a decent area in Long Island that has what I am looking for but I am not in the best of positions to go to a Lender for finacning yet. Good news is that I recently learned that a neighbor of my cousin in this area is selling his property to move up NY to some lake area (Lake George I think) but can not move until they sell their current home. They are retired and don't seem to be in a rush but I would love to hear what you guys think can help me with some ideas as to what options I can offer to the seller to maybe get this deal done and purchase my first home for me!

I look forward to the feedback and the more ideas the better! Thanks!

I am a die hard Ray Allen fan! Since the Celtics are out :-( I am now going for the New Dynasty which will be the Derrick Rose BULLS!!!! You can do it!

Good advice Brian. You were spot on with the rehab cost using a contractor but I know that alot of my buyers list do their own construction. The market has pretty much stopped declining but correct me if I am wrong but isn't 70% where rehabbers want to be in terms of buying properties under market value. I am wholesaling it at 56%. My ARV is conservative but there is definitely a deal in there.

Whitepages.com is a good source. It gives you several different ways to search.

Hey Everybody,

I have been working on a few short sale deals since february and I am almost done with my first solo one and I am getting a little excited, but I foresee an issue and I am hoping that some of the experts can give me some guidance.

I negotiated the shortsale with the lender (and I am proud that I have proven to myself that I can make progress in this business on my own), however the lender countered my offer of $65k at $100k (The negotiator said they wanted to net $100k) so if I counter they might just reject it. I am looking to wholesale the deal for $20k which would bring my total to $120k to the end buyer.

The property is located in long island and the home prices have dropped drastically which is why the numbers are so low. The property is a single family that needs some renovation on a decent looking block with 3 recently renovated houses on the block fro sale at $275k and up (I dont know which cracker jack box they pulled those sale prices from..lol). The ARV is around $200k - $215k being conservative.

My goal was to get it low and wholesale it fast and pass on the savings to the end buy/investor but with the counter being at about the number most investors would purchase it wholesale from me.

I am not sure what I should do next ??? Look for an end buyer at the $120k or try to negotiate some more with the risk of losing the deal...

I

Its $4.09 for regular in NYC. We are one of the most densely populated areas but with all this grid lock it still takes you about an hour to get around....smh. I think I might get a Vespa for the summer!