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REGISTERING MY BUYERS
Date: 04/08/2010 / Category: none
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Current Grade B
Preview:
While negotiating a wholesale deal, the owner of the property, who was a seasoned investor, requested that I "register" my buyers with him in lieu of him having his property "tied up" in a contract. While I understood his need to make sure I actually had buyers, I didn't agree to move forward and risk being cut out of the deal. His proposal was to sign contracts stating I would be compensated when one of the buyers closed on the property. I know that I am new to the world of real estate investing, but I have never heard of... continue reading >>
REHAB SPECIAL
I am in the process of acquiring some property in the Tower Grove South neighborhood. The first one is a duplex which is being converted into a 3 bedroom, 2 bath, single family dwelling. NEEDS WORK.
AVR: $140,000
Repairs: 25k to 30k
Asking: 75k (Cash Purchase)
Profit for Rehabber: 35K to 40K!!!!
Contact me: famsuccess@ymail.com