My First Deal !!! - Posted by Dale(Oh)


#1

Posted by Eddie M. FL on October 15, 1998 at 23:01:35:

Congratulations Dale!!! Keep that energy flowing

Eddie


#2

My First Deal !!! - Posted by Dale(Oh)

Posted by Dale(Oh) on October 15, 1998 at 21:03:42:

Well, I finally got the nerve up to go out and look for properety and talk to owners about financing. It paid off. I close on my first two family on 11-01-98. The house appraised for $52,500, and listed for 49,500. After talking with the owner I got him down to 43,500. He will also be taking a note for the down payment.( No Money Down). Yes, it was a fun experience and I look forward to doing it again real soon.
P.S. I allready have a nother property to look at this week. Almost the same deal as above. Thanks to every one for comments and advise, also thanks to J.P. for CRE.


#3

Re: My First Deal !!! - Posted by Bud Branstetter

Posted by Bud Branstetter on October 16, 1998 at 08:34:32:

Good going. Please share how much positive cash flow there will be, is there an assumable underlying loan and if your intent is to have it as a rental property.

Remember, there are many ways to improve that owner financing as time goes along.


#4

Q:Re: My First Deal !!! - Posted by Adam

Posted by Adam on October 15, 1998 at 23:36:42:

Hows the agent getting paid,if the seller is taking a full 2nd note?