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Real Estate Investing Rocks!!!
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1/29/2008 - Talked to another seller
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This one is here in Smithville.  It might have been a good deal, but it's a really old house and I'm worried about wholesaling it (1910).  I estimated pretty low on my offer and it wasn't in her ballpark.  But I have to be careful, too.  She really doesn't want to fix it up and sell it, but it may be her best option.  I'm hoping I'm not being too conservative with numbers, but I'd rather err on that side than the other, especially in this market.

 

Tomorrow I look at an REO (bank-owned property).  It was built in the 1950s, so I know I could offer more, though the area isn't wonderful.  We'll see.

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