All Forum Posts by: Henry Howard

I have a question for you, I have been sending out yellow letter getting good response. When you began you talk how do you analyze the deal. For instants one property says the value is $40,000 do start with this amount or try to get owner to give you a price.How do you get to max offer allowed(MOA).

This will be my first deal, so what is the most common formula this isn't a bank deal a private owner.

I read this in about this suppose to be the way you use for REO

Good evening I need to run some number by you, to see if I'm correct. Let say purchase price is

$30200 x 82%=24764

24764_25%=99056 divided ARV

99056 x45%=44575.2 what the property is to be marketed at.

Now where is my fee?

Tell my what you need from Birmingham,

Do you know how to run the numbers?.once you do that then run it thru some of the people here might be able to tell you if its a good deal or not. Beware some that answer you won't be nice, but deal with it. It's all about the deal.

This was great I got hammered for asking a simple question,who gets the blueprints on a flip.

What I'm saying is that when we talk here or when we listen to webinars we come away with no straight answer to our question.like the question about the blueprints.i know the gurus do this to keep you coming back .but here it shouldn't be,no one is getting paid for the answer.

I know of people that gone to these classes starting at $250 and by the time they get to $20000 they are still confused about what's next.

Like I said this is just one of the things that not told or mention, in all the post that I had read.we come here to  learn the job ask question, and like lot of the paid money we spent we still have questions.and yes I have been to the educational classes. Listen to the classes online also. But at the end of the day, we still have questions.

hello everyone, I read a lot of post,I listen to a lot ofGurus tell us how great things are everything is free until you get to the last page. Well you all know what I'm talking about,but only one of the things no one has addressed is this. When you flipping a property, and you have all your ducks in a row,(wait for it)who gets the blue prints you or your contractor???