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  1. CashFlowDepot

    Highest Bidder Home Sale, Start to Finish

    EXECUTION 
  2. CashFlowDepot

    Highest Bidder Home Sale, Start to Finish

    EXECUTION 
    An option agreement is actually a purchase agreement - with all terms and conditions spelled out -- the thing that turns it in to an option is the contingency clause which would state that the property will only be purchased if there is a successful bidder at the HIghest Bidder Sale. There are...
  3. CashFlowDepot

    Highest Bidder Home Sale, Start to Finish

    EXECUTION 
  4. CashFlowDepot

    How to Make $49,000 in 4 Weeks Without Using Banks or Credit

    REAL ESTATE 
    Here are more details about how to make $49,000 in 4 weeks ( or less) As with all great real estate opportunities, it has to start with a motivated seller. A motivated seller is someone who needs to sell quickly for one reason or another. Or it could be someone who just needs to sell quickly...
  5. CashFlowDepot

    Good first purchase?

    REAL ESTATE 
    Your math is wrong. the payments on the mortgage would be $1227 P and I only. You need to figure in taxes, insurance, vacancies, and repairs. Plus, with a new unit, you will need money for window coverings. Condos also have HOA fees which can be quite substantial. that needs to be figured in...
  6. CashFlowDepot

    How to Make $49,000 in 4 Weeks Without Using Banks or Credit

    REAL ESTATE 
    Yes you can use a Highest Bidder Sale to sell your own condo. But you need to get a written agreement with your agent that if you sell it you do not owe him/her a commission.
  7. CashFlowDepot

    Fractional Financing... or How to Live the Champagne Lifestyle on a Beer Budget

    REAL ESTATE 
    John was broke! He'd been wiped out in a collapsed speculation on land that had left him little other than an appetite for good living and a creative imagination. He was smart and willing to do just about- anything except hold a regular job. He retained his lavish life style replete with a...
  8. CashFlowDepot

    How to Make $49,000 in 4 Weeks Without Using Banks or Credit

    REAL ESTATE 
    See my thread titled OPTIONS EXPLAINED You do not need a real estate license to do a Highest Bidder Sale or to get Options
  9. CashFlowDepot

    How to Make $49,000 in 4 Weeks Without Using Banks or Credit

    REAL ESTATE 
    There are many towns where houses are cheap - Balitmore was selling a whole street of houses for $2000 each but there was a catch - you had to put section 8 tenants in them after they were fixed up. Detroit, mosts of Ohio and other areas which are losing population and have serious financial...
  10. CashFlowDepot

    I'm 18 and off to South America: I'd love to hear your wisdom for me

    INTRO 
    The cost of living in Ecuador is considerably cheaper than Columbia. Just because they are both in South America you cannot make a comparison. Ecuador is on the path to another economic collapse so it is not a good place to settle down. see this...
  11. CashFlowDepot

    Wholesaling - My First Lead

    REAL ESTATE 
    How experienced is this other investor? If he knows there is a mortgage for $100k and it is only worth $130k, then he should know that that is NOT a wholesale deal. It sounds to me like he plans to use you for a bird dog to find properties, then he will get a contract so HE can flip it to...
  12. CashFlowDepot

    I'm 18 and off to South America: I'd love to hear your wisdom for me

    INTRO 
    Be careful... International Living is notorious for sugar coating things... a LOT! You may be able to live in a shared apartment for $700 a month but getting a place of your own in a SAFE area will be closer to $1200 - $1500 a month in expenses. SAFE area is the key anywhere in Columbia...
  13. CashFlowDepot

    How to Make $49,000 in 4 Weeks Without Using Banks or Credit

    REAL ESTATE 
    Here's a reprint of a previous post about a Highest Bidder Sale: That's why a Highest Bidder Sale is different than a typical Open House. Yes, you still do an open house for 2 days with a short fuse on the times that the house is open. By getting as many people there are the same time it create...
  14. CashFlowDepot

    Wholesaling - My First Lead

    REAL ESTATE 
    Send her a letter next day delivery. That will prove that you are motivated and not like the other "we buy houses" investors. In the letter you could explain your interest in the property but that you cannot make a firm offer without seeing the inside. You could also use the 3 offer...
  15. CashFlowDepot

    How to Make $49,000 in 4 Weeks Without Using Banks or Credit

    REAL ESTATE 
    Fastlane - get options, do a highest bidder sale, get paid in less than 30 days (no banks or credit needed because you do not buy the house) Slowlane - save up for a down payment, get a loan, buy the house, hire contractors, wait months for it to sell when you finally get paid
  16. CashFlowDepot

    How to Make $49,000 in 4 Weeks Without Using Banks or Credit

    REAL ESTATE 
    Fastlane - get options, do a highest bidder sale, get paid in less than 30 days Slowlane - save up for a down payment, get a loan, buy the house, hire contractors, wait months for it to sell when you finally get paid
  17. CashFlowDepot

    How to Make $49,000 in 4 Weeks Without Using Banks or Credit

    REAL ESTATE 
    BTW - you can also do a Highest Bidder Sale for the -- selling with seller financing - the bidders fight over who will give you the most down payment. One time I got $50,000 down on a $169,000 house. The buyers cashed me out a year later -- The highest renter - let tenants bid it up on who...
  18. CashFlowDepot

    How to Make $49,000 in 4 Weeks Without Using Banks or Credit

    REAL ESTATE 
    it works in any market, any price range I have done a Highest Bidder Sale on old, run down nasty junkers, median priced homes in nice neighborhoods, high end properties, multi-million dollar mansions, mobile homes, and even resort properties. It is the quickest way to make a substantial profit...
  19. CashFlowDepot

    How to Make $49,000 in 4 Weeks Without Using Banks or Credit

    REAL ESTATE 
    I did not include a link. This post was just telling a true story about a recent real estate deal and not aimed at being a sales pitch. Send me a PM if you want more details.
  20. CashFlowDepot

    Wholesaling - My First Lead

    REAL ESTATE 
    If there is a $100k mortgage, this is no wholesale deal. You have a couple of opportunities though. It sounds like she is more interested in NOT being a landlord than making a profit. Tell the seller you need to inspect the inside of the property before you can make an offer. While there...

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