Spring Hill Florida Un Repaired Settlement Issue- No Visable Damage
Oct 06 2008
Posted by xinvestor as Uncategorized, deals, real estate, wholesale
This place looks and has an unbetable price at $78,000. It should appraise at $160,000 i repaired. Repairs will run 20K to 35K depending on what settlement repair company you use. There is no cosmetic damage so the place is in move in condition ASIS.
See for yourself:
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Your First Steps To Wholesale Investing-#1
Sep 19 2008
Posted by xinvestor as Getting started, Wholesale Training Lesson, real estate, wholesale
Before you even start getting leads you need to have a list of buyers ready to go. It is true that if you find a truly great deal then finding the buyer will be easy. BUT it is much easier to create a list of buyers. Find out what they want and then go and find the types of houses they are looking for.
Don’t call all of the “We Buy Houses” newspaper ads asking what they are looking for unless you want to bird dog for them. These guys are wholesalers looking to flip the deals to their list of buyers. You can partner with these guys to have them send out your deals until you build a good list. Keep it simple and find real cash buyers first for now OK.
A good buyer is someone that can pay cash and close quickly. Typically these buyers are landlords or rehab investors.
Here are a few ways to find good buyers.
Put out signs that say “3/1 Block 59K must sell” “call 813-404-7304″ (replace the 59K with whatever the bargain price would be for a rental house in your area where you are putting the sign). When they call tell them that house is sold but you will call and email them when you get another.
Call For Rent signs and ask the landlord if he is looking for any more houses.
Look up at the property appraiser’s site and see who has purchased rental (non owner occupied) homes in the last ninety days. Send them a postcard with a phone number and web address to your list sign up form. These are current active buyers. You can also buy this list from listsource.com or another data provider.
That’s it for this lesson. Go find some real buyers right now!
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Create Wealth As A Team - Partnerships in Rental Houses
Sep 17 2008
Posted by xinvestor as Uncategorized
Here is an example of a great way to build partnerships one deal at a time.
Starting with and average three bedroom house having a conservative current market value of about $100,000 in a good neighborhood.
This home can be purchased for $70,000 including closing costs.
Partner A located the house, negotiated the contract, arranged closing.
Partner B helped locate the money partner (partner C) and manages the rental house or lease option
Partner C Funds the deal at a below market interest return on his cash plus part of the equity
The rental house is rented with a positive cash flow of $265 net monthly after paying interest to partner C taxes and insurance.
In this example partner A gets 40% plus 5K marketing fee (included in the purchase price), partner B gets 40%, and partner C gets 20% plus a 5% additional yield on his cash invested.
Can you see how powerful this can be for all involved if multiplied by 10, 20, or 100. Partner C gets a great return secured by a solid investment home. Partners A and B get a good equity position without using their own money or credit. All three partners get a small positive cash flow.
This strategy can be used for both long and short term rental and lease option homes.
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Half Priced House Spring Hill FL Back From The Dead
Jul 21 2008
Posted by xinvestor as real estate, wholesale
We were robbed on this one. After putting a deal together both the buyer and seller went around us and got together.
Here is the engineering report for the Settlement
fax-4155201165-8138743100-20080801-142029-11191-1
Sonny ASAP 813-404-7304
6119 Belkton Ave, Spring Hill, FL
This is a great looking pool home! It has an un-repaired sinkhole. The price is only $98,000 OBO Cash Only on this one. Hurry these sink holes always sell quickly.
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Wholesale Rental New Port Richey / Holiday Area
Jul 02 2008
Posted by xinvestor as deals, real estate, wholesale
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2110 E Nedro Ave. This is a 3 bedroom updated home.
We are offering owner financing with a reasonable down payment. (Tells us what you have)
The total purchase price is $95,000. Monthly payment around $900.
Drive by then call Sonny 813-404-7304
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1109 Tangerine St, Clearwater, FL 3/2 New home!
Net to Seller $115,000, owner will finance with 10% down
5K discount for cash.
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Ready to go with at least 10% down price is $115,000.
Will discount 5K for cash. Call Sonny 813-404-7304
The address is 1417 E Mohawk Ave, Tampa FL
3/1 Updated and ready to go.
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Flipping, Have you thought about what else you can flip?
Jun 10 2008
Posted by xinvestor as Uncategorized
I recently took an online class about buying and selling websites online. What a great idea. Entrepreneurs that create multiple sources of will survive and even flourish in any market no matter what the economy.
I am not an info or seminar junkie and do not take a class or seminar unless I think I can easily earn at least many times my investment in the course soon after taking it.
About the class: Watch the free video here
The class is modeled after an online college course.
You do not have to have any technical knowledge to buy and sell websites.
You do not need to use any of your own money.
You will also learn how to take your website idea and create a new website.
You will learn how to make your own video based class.
You will learn exactly what types of sites can make a nice monthly income and be sold for up to 30 times the monthly income
Have you ever wanted a simple way to make money online or start your own online business? If so this is the class to take.
Learn how to buy a monthly cash flow of $2,500 for just $25,000 without using any of your own money
I really took the class to learn (copy Max’s idea and apply it to REI) how to create an online real estate training site. Within a week of finishing the class I have made several offers on existing website businesses.
This is a real business opportunity with little competition check it out for yourself.
One of the best benefits that comes with the class is a mastermind group membership and you can take the class over and over again as many times as you want.
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