I thought I'd let you know about this before the weekend!
If you know someone who likes cheap ugly houses...
1018 FRAZIER ST.
Jacksonville, FL 32208
ARV: $85k
LIST PRICE: $22,900k
SUMMARY: 3/1 frame house, 1286 sf. Needs a little bit of everything.
TAKING INTERNET BID'S ONLY….. WILL NOT LAST!!!!!
BIDDING TO CLOSE WED MAY 9TH 12:OO NOON. GOOD LUCK
1217 W 8th St. (across from center field from teh city ball park)
3/2, 1,340, all red brick, great condition, paint and carpet, cent
a/c, replumbed, 200 amp box, roof OK, fireplace.
Bid at $63,300.00 and climbing
Owner occupied.
Call for a walk thru. Drive by till then.
helpful hints from consumers reports http://blogs. consumerreports. org/home/ greenenvironment /index.html
--
JD Polk, founder&ceo
Alternative Resource Electric Corp inc
(solar,wind & tidal-flow generation one platform)
904.333.9814
888.448.9188
On a more serious note:
If you go to the website www.LetsSayThanks. com you can pick out a thank you card that Xerox will print and send to a soldier that is currently serving in Iraq. You can't choose who gets it, but it will go to a member of the U.S. armed services. How AMAZING it would be if we could get everyone we know to send one!
My long term goal is to get about 15-20 paid off rentals for
retirement. That's about 25 years off. My 3 year goal is to quit my
job and make money in real estate. From the investigating I've done so
far, and with no money and little time I think wholesaling will be the
way to go. Currently, that's the nut I'm trying to crack. I'm one of
the fence sitters that is trying to get all the facts before taking a
step forward. I live in Green Cove and it's a growing area... I guess
I need to find the buyers before trying to find the sellers.
Jason Click
Jason,
I know just what you mean when you say you are a fence-sitter. I,
too, was one of those. That was two-and-a-half years ago; we now
own 13 rental units and are rapidly expanding.
I was VERY skeptical of real estate investing when we started, but
have been very pleased with the results. In the short time we have
been investing, we have been able to pay-off all of our debts and
are living debt-free (except for the normal monthly things like
electricity, water, cable, etc.). It is attainable if you plan your
business well and maintain the proper intestinal fortitude.
My suggestion to you is to secure a hard-money provider, find a
house that is priced right and easily rehabbed, buy it, fix it, sell
it, repeat. Our properties are all in the low-income areas of
Jacksonville. We have been able to buy properties for very little,
repair them and rent them (our's is a rental strategy). Our current
project, a 3600 sq. ft. duplex with 4BR, 2BTH, W/D hookups and new
everything) was bought for $32k. We have put a lot into it, but
when complete each unit will rent for $900 - $1000 per unit. Talk
about cashflow!!!
Its all about buying right, and knowing your area. Whatever area of
town you decide to go into. Learn it well. Know what to expect
from the tenents and what the rents -- or retail values -- are
likely to be. Read a lot of real estate books (have you read Rich
Dad, Poor Dad yet? If not GET IT TODAY!).
Hope this all helped, if just a little.
Look forward to reading aobut your successes.
Marc
No. Find the sellers first or you have little to offer the buyers. It'll only cost you $10 if you can't close a deal. Stick 3 or 4 deals on your website and now you have a reason to start collecting buyers information, so you can build a buyers list that you can use to market deal after deal. And you may just sell 1 or 2 or 3 or 4 of those first few listings!
Wholeselling is mostly about marketing and sales - Marketing for motivated sellers, "selling" your services to them, marketing for buyers and selling your contracts.
So beef up your knowledge in both areas but get off the fence ASAP, or it may never happen.
Work to learn not to earn.
Laban Johnson, Founder
The Laban Johnson Group
http://www.labanjoh nson.com
"Improving the Quality of Life"
http://www.realestate-jacksonvilleflorida.com/buy-a-home.html
Monday, May 7, 2007
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