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2 September 2014 | 14 replies
I live on the Border of Iowa and Illinois in the Quad Cities area.
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18 July 2018 | 42 replies
deals 7 and 8 had a partner - he found the home, I fixed it up, managed the rehab, he sold it, we split the net profit...these were ok deals we split $20,000 on each deal but they took 5 months and 9 months respectively due to issues with contractors doing shoddy work....so if you figure our profit at an hourly rate these were not barn burners...but hey it's $20,000 I didn't have before, so I am fine with that#8 paid $265K used hard money, spent ZERO on rehab, wholesaled it in 12 days for $360,000, that was a nice one (sad back story on this one, owner of the property was busted for selling drugs and arrested, then deported to Mexico, so wife took over the drug selling biz...then she got popped, in order for me to be able to close on the home, Escrow had to go to the jail to have the wife sign, then hire a mobile notary to drive down to the SD/Mexico border to have the husband sign) death, divorce, drugs, disease....the 4 D's that create real estate opportunities, sad but true#9 paid $205K used hard money, spent $25K on rehab, sold for $300,000#10 paid $90K for 3/2 SFR, used hard money, spent $3500 on rehab, rented out for $800/month, slight negative cashflow currently (-$150/month), market value is $130K now, plan on refinancing into better loan in 3 months, will cashflow $300/month after the refi#11 paid $108K for 3/1 SFR used hard money, spent $3000 on rehab, rented out for $850/month, slight negative cashflow currently (-$190/month, market value is $140,000 now, plan on refi into better loan in 3 months, will cashflow $150-$200 after the refi#12 paid $125,000 for 4/2 SFR used hard money, spent $0 on rehab, house already had a tenant in it paying $900/month, will be raising rent to $1150/month, market value is $160,000, plan on refi into better loan in 3 months, will cashflow approx. $500/month after the refi#13 invested $50,000 with my parents to buy a triplex, for $530,000, property cashflows $1000/month from day one, and value has increased to $650,000--------------------------------in current pipeline/in escrow - thru these deals I've made good friends and I've made my hard money lender some good money, hard money lender let me know he has $5,000,000 +/- sitting in the bank looking for houses to invest in, and he's given me the green light.
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21 April 2008 | 25 replies
I put a roof on the house and a new sewer line (about another $3,000), and carried the note to the tenant for $400 a month for 30 years.Both of these houses were in border line war zone areas.As for multi-dwellings the lowest I've gotten down to is $7,000 per unit.
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3 July 2008 | 21 replies
But -- anyway -- my specific question is: Why is it that after a REO MLS Listing goes to: "Pending" -- it never changes forward to "Sold" - and it never displays the Sale Price that the bank finally accepted?
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4 December 2008 | 0 replies
On Nov. 20, Nakheel and its South African partner threw a $20 million party for the opening of the $1.5 billion Atlantis resort, complete with the world’s biggest fireworks display and celebrities from actress Charlize Theron to singer Kylie Minogue.
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15 December 2008 | 7 replies
Try using our "Maps" tab to get a visual display of neighborhood characteristics. 3.)
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7 December 2009 | 29 replies
Sure, the window displays are switched from spooks to sleigh bells, passing right over sweet potatoes, squash, and stuffing; but I saw electric candles twinkling in house windows, low-voltage icicles on the eaves, and big inflatable Santa’s flopping around in leaf-strewn front yards, as if lamenting the lack of snow--all before the ink on the Thanksgiving shopping-list was even dry.
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3 February 2009 | 18 replies
I keep hearing about wholesaling bordering on the line of brokering, where can you get in trouble and not get in trouble.Can you only market the property if you have a written agreement, option, or contract?
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13 January 2009 | 2 replies
If your purchase price offer was not border line insulting at first then you are probably offering a higher price then you need to.