All Forum Posts by: Thomasina Singleton

:-).

Thanks Ashley

Thanks! I owned my own business.

This response is to Chris Guthrie, is was presented to me by a Realtor I do business with.

I never once thought about doing any type of these transactions because I was always an skeptic. Like I said, I am a newbie on this side of the deal. After this transaction is completed, I believe I will:-). Thanks

I am sorry, I wasn't trying to sound defensive at all:-).

I am in Maryland. Some of the properties in the area where this property is located, you can get for $31,000.000 to 51,000.00, I haven't seen any sold for more than $55,000. I do not know the conditions of the other properties in the area. Many were foreclosed homes and have sold in the range of $160,000.00 - $175,000.00.

I am a Loss Mitigator and I deal with Real Estate Short Sale Transactions and Modifications all day. One of my agents presented this deal to me. Before I took it, I did some homework, asked alot of questions, contacted others who are in the business to get some feedback. Made an offer to the Realtor's client and they accepted. I did submit along with the offer a copy of the Cost of Estimated report I had done by a professional licensed contractor and the realtor sent the comps to show as well to the seller(s) to show what the properties are actually selling for in that area. I didn't mean to sound defensive...this is my first time doing a wholesale deal....and I am still learning this process.

I will let you know who this turned out...

Thanks for the response...again, I apologize, I did not want to come off defensive.

I would never scammed anyone. I am a newbie in this type of area and have questioned everyone and everybody before I took on the contract. The property has been emptied for two years with no one attending to the property. The owner has appointed family members who live in another state as Power of Attorney to handle this sale. They do not have the means to keep the property nor do they want the property. Their options were to try and sell it in its condition or let it go into probate. The offer of $30,000.00 did not offend the seller(s) in anyway considering properties in the area has been purchased by other investors for far less and sold. They just want to do away with the property.

Thank you Jon...I will let you know how everything went! Thank you again...

The property is worth now 79,000.00. After repairs to bring the property to Market Value it will be work $173,000.00. I just recently had (3) Estimated Cost Repairs done on this property.

Thank you for the response back. The seller is only asking for $27,000.00. The seller is in a nursing home and the property has been vacant for 2 years. The house is free and clear. They want to dump this property and willing to let it go for $30,000.00. So are you still saying to sell it for $60,000.00. I am located in Maryland and the investor's here is 65%.