How Would You Get This Deal Done?

Posted on 19 July 2010

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Last week, we told our readers that we were going to construct a deal right in front of you, live without a net at our next REI BarCamp event.

Well the response has been nuts. We have had people who isn’t even in South Florida who want to know how we do it. He wants to fly in from Los Angeles just to see how it’s done.

That’s crazy! He said he took a course for $5,000.00 and could not believe that we would walk people through a deal for fr.ee. But that’s exactly what we’re going to do.

Today, I’m even going to tell you the address so you can see how we do it. Sure, there may be some snakes in our midst who will run out and try to put something together before we do it on Saturday.

But that’s not the point. The point is we’ll still show you how to do it. The target property, except for numbers and such is pretty much irrelevant. The way we put the deal together can be implemented on ANY property.

So let’s begin. Our subject property is located at 713 SW 3rd Place in Dania Beach, Florida. I’ll also tell you it’s slated to be auctioned off on August 31, 2010.

That’s just about 45 days until the bank takes it back. That’s all you need to know right now. On Saturday we’ll show you how you can put an entire deal together and get this short sale approved and sold for some serious coin.

That’s all the info Barry and I need to start with. We don’t know the homeowner, have never met the homeowner and haven’t even talked to the homeowner. Pretty much, other than knowing an address, you know about as much as we do.

However…what can YOU do with this information to make yourself $10,000.00 – $20,000.00 in the next 45 days? Would you even been able to find this information on your own? So what’s your next move?

Well, to find out ours, you’ll have to come to REI BarCamp. It’s definitely something you can afford. It’s completely f.ree! 

Find out more information on REI BarCamp by clicking here.


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This post was written by:

Barry Cunningham - who has written 4986 posts on Real Estate Radio USA.


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2 Responses to “How Would You Get This Deal Done?”

  1. foureverdays says:

    Hi Barrys – Do you buy and hold? I am looking for information for someone who doesn’t want to flip properties. He wants to create a retirement inventory portfolio with buy and hold, become the bank – owner finance, lease option, rent-to-own and become a landlord. I need to include the rate for assignment fee and property management fee. He can provide his proof of funds letter for the properties he wants to purchase and manage. There are gurus that show 10.99% to owner finance and various down payment terms for the potetntial purchaser, lease option, rent-to-own and renting.

  2. We have done so before but right now we are not taking on any other properties to hold. That in no way means that we advocate against that. Much to the contrary. We are not buing and holding new props because we are so busy with wholesaling deals. I’m not sure what your question is. Your assignment fee and management fee can be anything you want and your buyer will accept. As for the financing aspect of your comment..please expound further so I may assist.


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