Just Closed My First Deal And Have A Pocket Full Of Cash To Show For It.

I am so very thank for to john for his advice and help. my wife is a belives now... smile

Comments(7)

  • Skydiver23rd April, 2008

    Can you elaborate on some details of your deal? I am barely dipping my toe in right now to REI so any success stories would be greatly appreciated.

  • joel5th May, 2008

    You can use the Members link at the top to search for people within an area.

    http://www.thecreativeinvestor.com/modules.php?name=Members_List&search=1&user_occ=23&state=OR[ Edited by joel on Date 05/05/2008 ]

  • wesmill6930th May, 2008

    I bought and sold land in other states it work out good for me. It is still a lot of deal out their I just bought 5 lot in Fl at 750 and sold 3 of them for 3000. I buy my land at tax sells I live in Atlanta area. [ Edited by wesmill69 on Date 05/30/2008 ]

  • davidstyles28th April, 2008

    Excellent!

    And in the unfortionate event that the buyer trashes the place and skips town after a month?

  • davidstyles7th May, 2008

    JM,

    Could you outline the repo process and how one begins eviction? Does one come before the other, as in, must I evict then repo, or visa-versa?

    Also, how foregiving are you with late/missed payments before you begin the repo/evicting process?

    Thanks

  • faulky20th July, 2008

    You will go the the DMV and put the title in your buyers name with you or your company listed as lein holder or first secured party. I would also reccomend getting a Limmited Power of Attorney that allows you to sign the title "as if" you were the buyer in the case of a default. My state is not a title holding state som here in Michigan we have to do a special mailer with the state if we wish to have the title sent back to us once the names have been changed and taxes paid on the sale. I hope this helps. Feel free to contact me any time.
    [addsig]

  • faulky20th July, 2008

    As for the buyers skipping town in one month, you should get enough down where this would be a real stupid thing to do. Why would someone trash a place after one month if they have a couple of grand into the equation?
    [addsig]

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