Posted by ee on October 09, 2004 at 06:32:09:
we just bought a forecloure property for 45% of market value. with some work we expect to sell for about 33% above market value, or close to 200% above what we paid. in other words we’re planning on selling for 3 times what we paid. that’s a pretty good deal.
What Does a “Good Deal” Look Like? - Posted by Julia
Posted by Julia on October 08, 2004 at 10:57:10:
what are the primary signals of a “good deal” how does one know when they should move very quickly on an opportunity?
thanks
julia
What a “Good Deal” Looks Like? - Posted by ken in sc
Posted by ken in sc on October 08, 2004 at 16:46:00:
A good deal is where you offer so low that you think there is no way that they will take it, then they do.
A good deal is when you can make every mistake known to man and still make money.
If you get nervous the second they sign the contract, then it is not a good deal.
Ken
Re: What Does a - Posted by Ken (Fl)
Posted by Ken (Fl) on October 08, 2004 at 11:23:34:
Personally, any deal that leaves me with more than what I started with.
Then what makes a great deal?n/t - Posted by Tarheel T
Posted by Tarheel T on October 08, 2004 at 22:21:22:
n/t
Ken, aren’t good deals hard to come by these days? - Posted by Noname
Posted by Noname on October 08, 2004 at 21:37:52:
Just wondering you veterans feel the same way. I only see people with little equity calling, who are also shopping investors.
Re:smells like money!! - Posted by Matthew
Posted by Matthew on October 08, 2004 at 14:45:56:
Ken-
I can appreciate your honesty. I have a deal in St. Pete, Fl. would you be interested. I have the financing in place, I need a local partner. I just relocated out of state but still like the opportunities.
its a rehab reseller- split 50/50 we could make 15k each in 45 days or less.
email if interested eloansolution@yahoo.com
Best regards,
Matthew
Re: Ken, aren’t good deals hard to come by? - Posted by Kristine-CA
Posted by Kristine-CA on October 10, 2004 at 22:45:50:
I think it really depends on your market. I mostly get calls from people with no equity or with properties that are ready to go for FMV with an agent. But I also still get calls from motivated sellers. I mostly re-sell to wholesalers and shoot for 20K profit. I have one closing on Tuesday and three in escrow.
I am now convinced that deals are everywhere. When I started a few years ago I thought that deals couldn’t be had in my town (Santa Barbara), so I started working elsewhere. Now I can see the deals here too. It’s a different kind of deal and a different type of seller, but they are here nonetheless. Someone has to be buying for more than the last guy–otherwise appreciation wouldn’t continue. And it is continuing here.
I am always working towards learning and having lots of strategies for buying and selling so that when the market changes, I can change in a way where I fit in. Kristine