🔔 First Two Contracts Signed in 2025 LET'S GOOOoooooo 💪💪
Starting this blessed year out with a bang: - the first contract is for an off-market property in Indianapolis, from the daily email I asked to Zillow to send me on my search terms. The couple on the deed bought the house together while they were still single in July 2022, they got married in September 2022, and they split up two years later. He's living with the sidechick he cheated on his then-wife with, she's still in the house, and they both want out. I'd sent out the paperwork last evening, she signed almost immediately, but ol'boy was partying a little too hearty last night 😀 so he only signed today. Since the interest rate and their arrears on the mortgage aren't that crazy, we put it under contract sub-to, with our usual $100 down, and at closing we'll give her a couple of thousand dollars in walking-away money so that she can secure a new apartment in downtown Indy (and help her move her stuff into it too). Part of me wants to just assign the contract, but since the house is in such great condition, another part of me wants talk to a PML to take it down & have it as a midterm rental or on Section 8. - the second contract came about from work I'd done last week: I'd gone onto Redfin to contact agents about stuff they had listed in Chicagoland. One of the agents responded, I got them on the phone, built up rapport with them, they took down my criteria (2-, 3- and 4-flats that are 90+ DOM), and set up a search on their MLS to automatically email me anything that fits. There's thirty-five properties in that first email. I already have a buyer lined up for this first one, and she moves really fast - seven days from contract to close (!) - so I can get a quick win for the agent and for me. My plan is to pick out the ones that require the least amount of work to get rent-ready, and assign the rest. I should get enough money from those assignment fees to be able to buy those best ones either outright, or creatively. There's SO MANY people out there who NEED to hear from you, because they NEED to get help out of their situations, and probably ONLY YOU can provide them with that help.