Things are rolling again! - Posted by Charity
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!