Posted by Glenn(okla) on April 25, 2000 at 23:24:33:
Great:-)
one teeny thing…take off the all CAPS please
MY LAW SAYS NO DOWN PAYMENT & MAKE AT LEAST A POSITIVE CASH FLOW OF HARD CASH $8,000 AND AT LEAST $30,000 IN INSTINT EQUITY!!! - Posted by ANGELO GOTSIS
Posted by ANGELO GOTSIS on April 25, 2000 at 23:17:33:
I REMEMBER THE DAY I WAS SHOWING MY WIFE THE BUILDING WE WERE BUYING. AFTER SHOWING HER THE BUIDING WE DROVE AROUND THE AREA. BY THE WAY THE BUILDING WAS DOWN THE STREET FROM THE BEACH. SO AS WE WERE DRIVING AROUND I SEEN THIS WOMEN SHOWING THIS HOME WHICH WAS 100FT OF THE OCEAN. I GOT OUT THE CAR AND TOLD MY WIFE THAT FROM THE LOOKS OF THE LADY SHE WAS THE REALTOR AND I WAS GOING TO GET AL AND EVERY INFO ON THE HOUSE. IT CAME ABOUT THAT I ENDED UP BUYING THE HOUSE FOR HALF A MILLION AND MAKING $102,500 IN INSTINT EQUITY! I DID NOT PUT A DIME IN. THE ONLY THING I PUT MONEY TO IS THE APPRAISL, THATS THE ONLY THING THATS NOT YOU CAN GET AROUND. BUT WHATS $275.00 WHEN YOU ARE MAKING OVER $100,000. I HAVE MY HOUSE LISTED FOR $650,000 WHICH WHEN I SELL IT I WILL WALK AWAY WITH AT LEAST OR MORE $200,000. NOW NEXT WEEK IN HAVE ANOTHER CLOSING ON A 4-PLEX AND I’M MAKING MONEY ON THE FRONT AND ON THE END. REAL ESTATE THERES NO BUSINESS ELSE LIKE IT
Re: MY LAW SAYS… - Posted by Soraya
Posted by Soraya on May 01, 2000 at 12:52:16:
I Agree!! I don’t touch a deal unless I can make at least $25K-$30k going in. And I usually pay the full asking price (less 3% real estate commission). How? Buy property subject to the existing financing and lease optioning to a tenant buyer. You can raise the pruchase price at least $25K by providing the tenant buyer with financing and you can usually get enough option consideration to pay for most of your down payment. (I guess all those Real Estate Courses we took from Bronchich, Kaiser, Lowry, Sheets, Conte, Diamond, Como, Land, Cook etc are paying off.)
Soraya
Re: MY LAW SAYS NO DOWN PAYMENT & MAKE AT LEAST A POSITIVE CASH FLOW OF HARD CASH $8,000 AND AT LEAST $30,000 IN INSTINT EQUITY!!! - Posted by Lib Cassin
Posted by Lib Cassin on April 26, 2000 at 05:36:41:
Way to go
Angelo
I am a poet
and I didnt knowit
What are your outher laws Angelo, this is good to hear- instant 30k equity, 8k hard cash and no money down, I like this a lot, how did you get to this wisdom, is there a book that would help me?