BiggerPockets

Hey there!

This is Doug Smith. I'm the founder/president of MyHouseDeals. Welcome to Bigger Pockets! I think you'll find that Joshua has put together an incredible website for networking and sharing info amongst real estate investors.

I see from your recent postings that you're a new investor. I wrote a couple of articles that may help you out ...

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You can look through my blog to find many more that'll help you on your path to financial freedom.

I see that in this posting, you're asking about my website. Of course I think it's the greatest thing ever, but that doesn't carry much weight since I am, after all, its founder. So I won't get into all that.

What I will tell you is that we offer free access to the wholesale deals and motivated seller leads in your area. There are plenty in DC and a surprising number more in Baltimore. I assume you'd be more interested in DC since it's closer to where you live.

Also, we give away a guide to hard money lenders in the DC area when you sign up for a Premium account, but I'll hook you up with it for free if you'll PM me. Always happy to give new investors a leg up.

There are some current and previous MyHouseDeals members on this site. Maybe some of them will comment.

Hope that helps, and best of luck!
Doug

Glad to help! I just sent you the guide.

Hey GS. Not sure what you mean by that.

Thanks for the guide Doug. It seems quite helpful.

Thanks for the response Demos. Has this been profitable for you or is it too early to tell so far?.

Hi G Simpson. Actually this was not a set up by Doug. I was really and truly looking for an opinion on this company. Had heard of the company through e-mails I get that I thought were just spam but had never heard of Doug or corresponded with him before now.

MyHouseDeals.com is excellent, I used it to buy several properties in Dallas 08 also bought some from ther distressed sellers posts. Doug Smith is also the reason I was filmed on Flip That House, by the way Thanks Doug, nice to see you are on here. When are you going to branch out to Orlando, we could use a great site like yours here...Glen.

I know I'm late to the party with my post but I wanted to insure the MyHouseDeals.com got my vote.

I've used the site and was a paying customer for over a year, while I focused on SFH foreclosures. Great leads from wholesalers and direct to homeowners.

On longer using it, since I committed fulltime to commercial properties...but was great while I used it. (2007)

Thanks. Kyle

Since my last post, I became a premium member, which allows me to make offers on motivated seller deals, 7 days before the free members can. I have a contract on a buy and hold/wholetale property in Severn, MD as a result.

I'm a Northern Va. wholesaler, but I'm not getting any good deals here. Visit the NOVA RE Investors group on Bigger Pockets.

Hey Kevin. This is Doug, owner/founder of MyHouseDeals. We've been operating in DFW since sometime in 2006. It's our 2nd most active market behind Houston. Here's the scoop ... Some will tell you the website sucks, that there are no good deals, and that you shouldn't waste your time on any site where you have to pay for a regular or premium service. Some of those types of comments are actually in other threads on BiggerPockets. But other people will tell you how great the site has been for them and how much money they've made from it. We even went up to Dallas and took pictures of 6 different people who have made between $10K and $100K from the deals. They were standing in front of the houses they bought from the site. So at the end of the day, the site works if YOU work the site. And yes, the 14-day head start is very important. I don't know of many good deals that are still available after that period of time. But do what you wish. My goal is not to pitch you or close a sale, just inform you. Hope I helped. -- Doug

Hey E. Jacobs,

Thanks for reaching out. Wholesalers and motivated sellers provide the property information, including the ARV, cost of repairs, and asking price. We have notices throughout the the site that inform members of this and encourage you to determine the ARV and cost of repairs on your own. You can use their numbers as a guide, but you definitely can't go by them for a couple of reasons ... 1) some sellers exaggerate about the ARV and underestimate repairs, and 2) both of these figures are highly subjective. What's a comp to one person isn't a comp to another. And some people can get their repairs done at a much lower cost than others. At MyHouseDeals, we feel that our main responsibility is to round up dealmaking opportunities for you. It's impossible for us to pull comps on each property and/or inspect each property to verify repair amounts. But we still let sellers post that information so that you'll at least have an idea. So if that one deal is still sitting on the market after being posted for a while, there's a chance that the seller fudged on the ARV or repairs. But again, you'll have to look into that yourself. Hope that helps!

Doug