Your Best Discounts And Profits?

Stockpro99 profile photo

I am in the process of writing a book on Short Sales. I am including many of my deals that I have made over the last two years (to keep it current).



I use SS for about 60% of what we bring in each month.



I am looking for the experience of others (yours) to be included to some degree in my book.



If you have a particular SS that you are proud of post it here with your name and depending on the number I receive I will put it in my book.



In my area I work 10-15 per month and they look something like this.



Bought $145,000 spent $1000 on minor repair and cleanup and sold in 10 days for $230,000



Or Bought at $87,000 spent $30,000 on repairs and sold for $207,000 in 30 days (90 days purchase to sale).



There are many who claim that SS are only good for the long hold. I would not be one of them. I flipped all of them this year and last year) and average profits exceed $30,000 on homes that are generally under $240,000 with the majority in the 100-200K range.



I would love to hear about your deals (what you bought for, how much you spent in repair, and what you sold it for). I am also interested in how long you have been doing short sales and any unique experiences that you may have had. Please include your name if you want me to include your experience.



I look forward to seeing what your experience has been! smile



Randall

Comments(1)

  • charlotteinvestor7th December, 2006

    I agree with PMP. I have negotiated short sales after short sales. All the deals negotiated bring in a potential profit of 30k. But all of my marketing is geared to houses from 85k-150k.

    I like this price range, because my marketing is for the everyday worker. Trust me, in my area there are a lot more houses in this price range, than the ones that ggo for 250k or better.

    If the profits are like stockpro says, then maybe i will go for higher properties with higher risk. Nah, i am ok.

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