All Forum Posts by: Neil J.

@Neil J. Also i would hire a VA to answer the phones but thats just me. I don't want to work a job, i want to run a business so if u can hire someone to answer the phones and give u all the calls which are motivated, your golden. and someone who can put up bandit signs. U dont want to get up early on saturday morning to put on signs, try to hire someone. Atleast thats how i think again, its a business, not a job. Its only a job in the beginning until you figure out how to fire yourself from each position.

 Is it my inexperience talking here when I don't see how this could benefit a long term business strategy? You're making a killing in this deal, as is your investor, but I can't imagine you'd make a good name for yourself profiting this much in one transaction. This is coming from someone that doesn't really allow personal emotion to cloud his investment decisions. I can't imagine any other reasons someone would sell that low unless they are clueless, desperate or felt like giving up all worldly possessions and moving into the woods. Sucks to be him/her I guess? 

@Neil J. Also Neil, i was thinking because i was putting marketing together to send out my mail. First don't feel horrible about making 28k-30k. Now its Game Over. If i was you, u said u only wanted to make 8k out of the deal, i would take the rest say 20k and reinvest it into marketing but thats just me because u see, now your playing with the houses money.

@Neil J. I love double closing. And I agree with everyone on here who has said that it shouldn't matter what you make as long as the end buyer is getting a good deal, and if the seller really only needed $45,000 and that makes them happy then you really have provided a good service. Best of luck to you in this transaction!

@Neil J.

Do a double close, tell your first buyer that you have a back up buyer. If he doesn't sign the contract that is up to him.

On a side note, it sounds like your seller is in a helpless state. It might help the soul if you did something to help them with some of the profits. 

Just my opinion

nice deal good luck with everything! Update us when completed! 

@Neil J.

I also provide transactional funding.  Please llookup my profile and ask for me when you call or email.

Hi @Neil J.

Not trying to be critical and I fully believe your business is yours to run as you see fit. That being said, if I had a client with a 300K ARV home, 80K in repairs... (even 160K in repairs)... I would have some real discussions with them. Long before I let them sell it for 45K.... 70K or 120K.

Based on your numbers there is (300K-78K) which is $222,000 of money that is being played with over a profit of $33,000. That homeowner had zero friends on any side of this equation and that is what causes regulations.... and I can see why.

Best of luck to you in your business.