Screamin' hot deals - they don't last long...

The Lazy Investor
Well, today was a perfect example...

A hot deal came across my desk at 10:40 AM - something that one of my Deal Finders sent to me - a 1000+ sq. ft. house in a 'less than perfect' neighborhood for $62,000.

The comps they pulled were showing around $112,000 value, and as is common with these deals, the house would likely need some work.

We were told that the place had a renter in it - nothing more on the deal at all....

Now, this deal alert went out to others on the list of this Deal Finder. To be sure, they have put together their list of buyers to make short work of such deals - that's just good business.

I sent the message out to the Club Members of LVREIC (Members get priority notifications of all such deals) as soon as I read the message, which, today, was just after lunch (I was at the bank cashing a $124,630.85 check from another deal I did recently - you can read more about that in another story...).

Members of LVREIC received the DEAL ALERT at 1:57 PM

One of the members contacted me around 3:45 PM and I followed up on the deal...

It was GONE already!

You see, deals like this are out there. Oh, not everyday, but they are there.

And, when they come along, you have to be READY. Not only ready to "look at it", but ready to BUY it.

People that get deals like this are those that are "decisive in nature" - they say "I'll take it, and then work out the details", not the other way around.

Now, would this be a screamin' deal if it needs tons of repairs? Well, it could take $20,000 and still be a good one - if you wanted to do that much work (that's actually one of the main reasons I didn't take it, BTW...)

Looking into the deal further, we found that the 'renter' was someone that wasn't paying anything to the owner of the property (maybe even a dead-beat family member) and they didn't want to go through the hassle of eviction (and the trouble of family issues, no doubt...) - that is one of the reasons they were selling so quickly and cheaply.

So, the deal isn't 'clean'... It will take some work to get the property into shape after going through an eviction (about 30 days in this state). But, there is still a good amount of equity sitting there and a deal is to be had - - -

IF you are READY!

Are you ready? What can you do, right now, that will put you in a position to get such deals like this one? Who do you need on your team to make things like this a reality in your life?

Or, maybe you just aren't interested in getting screamin' hot deals like this...

If you'd like to get these DEAL ALERTS quickly, get on the LVREIC Member's list. You can do that at www.LVREIC.com.

Happy Investing,

Steve