signed contract today!!!!!!!!!!!!### - Posted by Ron-Va

Posted by JoeKaiser on December 20, 1999 at 18:47:10:

Yes, you understood my question.

I liked your list. One additional item I’d have down there is a call to the lienholders to see if they’ll sell me their liens at a discount.

Joe

signed contract today!!!### - Posted by Ron-Va

Posted by Ron-Va on December 20, 1999 at 11:08:46:

Thanks for the input from everyone including Steve. I signed contract today on house. Put a $100.00 deposit down with contract. This house is in Richmond VA.

Contract amount $31,000.00
After repaired value $62,000.00
Repairs needed $8-10,000.00

I am going to try and flip this to wholesale buyer, but I am going to try and find hard money lender for back up. I need to close by Dec. 31. Not much time!

This is what I am going to do any other suggestions would be most appreciated.

To find wholesale buyer:
call “I buy” ads in paper
Call my list of buyers
Run ad in paper "Handyman Special"
Check with my attorney if he knows of investors

To find Hard Money Lender:
Call my attorney for possibilities
Check with Mortage Broker I know to see if he knows of any

I would really appreciate any other ideas you have.Thanks for everything and hope you have a great Holiday.

Thanks, Ron

Re: signed contract today!!!### - Posted by SCook85

Posted by SCook85 on December 20, 1999 at 19:13:09:

Ron,
Keep in mind that the holidays are coming. Many investors (not all) will take some time off. Get your ad in the paper immediately, don’t wait for Sunday. Call everyone you know. MAKE the deal happen.

Good luck.

Steve

Re: signed contract today!!!### - Posted by Joe Kaiser

Posted by Joe Kaiser on December 20, 1999 at 13:56:07:

Good going. What does he owe?

Joe

Re: signed contract today!!!### - Posted by Ron-Va

Posted by Ron-Va on December 20, 1999 at 20:22:31:

Thanks for the advice and encouragement.
I have already called the paper ad will be in tomorrow and I was on the phone just now with my attorney who also invests and he is going to look at it also.

Steve thanks so much for your help, I will MAKE it happen.

Re: signed contract today!!!### - Posted by Ron-Va

Posted by Ron-Va on December 20, 1999 at 15:03:10:

Joe,
Thanks for the response but what do you mean “what does he owe”? Are you speaking of the seller I am buying from?
Sorry if I misunderstood your question.
Ron