BiggerPockets

finally my deals are breaking...

Wednesday, December 02

after months and months of bidding at auctions, making over asking prices for reo's and making low ball offers on short sales bang!!!

Monday 2 condos i made offers on in Dec of last year were approved...the bank wants to close next week

Tues i nailed a renovated 3 family at an auction...need to close in 30 days...

Wed (today) another short sale 3 family was approved...need to close in 2 weeks... and the bonus is the broker tells me i can get the 2 family nxt door also!...this one fortunately wont be approved for a few months

now the scramble is on...i will probably have to let the 2 condos go...i hate leaving money on the table but i just cant fund them w/ all these other multi family deals right now...im trying to wholesale these condos but not sure if the bank will wait

 im trying to wholesale the condos and make anything i can but doesnt look good and bank doesn't want to wait...

if any boston investors out there these 2 condos could make you $100K with in a few months depending on a few factors...looking for $70K each...ARV of $120K...only very minor work needed (painting and re-finish hardwood floors)

Comments

1. 

   Jon K. Reply
   over 2 years ago

   Ah, a good problem--exactly what you were going for. Congrats on winning some deals!

2. 

   Erie Springer Reply
   over 2 years ago

   Congrats and i'm interested in hearing about those condos and potential 100k

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