Posted by Michael on December 28, 2000 at 20:15:32:
Charity,
It is great to hear that you are doing well. I’m still in the asking questions and reading all the postings I can find stage. I’m eager to start my career as well but I’m still just a little nervous.
Reading postings such as your just inforces the realization that I’m waste my time by not starting now.
I hope all the deals you spoke about work out for you and may you have the best of luck in your REI.
Posted by Charity on December 28, 2000 at 18:39:20:
I am getting pretty excited about REI now. After months of studying and not DOING anything, I have taken a lot of steps to crank up my buying machine in the past 3 weeks and it is starting to pay off. Just wanted to share some possible deals!
Definitely signing this one up on Saturday: Going to L/O from the seller for mtg balance of $150K. Payments are $1016 and I will L/P to T/B for $1300 with option fee of $5,000. Sales price to T/B will be at least $159,900.
Possible deal: meeting with seller Friday night: Another L/O possiblity: Seller needs to get out- building new house- doesn’t need money from this one for down payment, but needs monthly debt relief. Home valued at $299K. Going to discuss all the possibilities with seller.
Condo in exclusive area of town: checked comps and could get $160K easy: seller will take $139K and L/O to me. No word on monthly spread yet. Wants me to come see ASAP. Totally renovated.
Seller has another home. Interested in L/O: home priced at $183,500 now, will offer low $170s. Comps are up to $230 for comparable home in n’hood. Great backend potential! Haven’t discussed monthly payments yet. Sending info via email on L/O and will meet after New Years.
Those are the main ones so far. I am getting calls everyday, all day long. Many are not legit, of course, but I am excited about the ones that are!
Posted by Kevin Subbert on December 29, 2000 at 23:02:44:
What is the interest rate of the mortgage and are taxes and insurance impounded? Thats an excellent monthly payment for a mortgage of $150000. If the rate is 7.125% then the payments would be around $1010 WITHOUT taxes and insurance. Just curious.
Posted by Carlos on December 28, 2000 at 21:15:21:
Hey Charity… I’m right behind ya… :o) Getting new cell phone tomorrow to stop bugging my wife… :o) What are you doing to get the phone ringing? What’s working the best? Ad’s?