Multiple Offer Update

Several of the 15 properties Justin and I are working on are under contract, one was an auction, and another required me to get pq'd with Nationstar. When the dust settled there were 8 props left. Last night I signed and dated all eight contracts. Justin will be submitting them today. Then we'll wait. Meanwhile, I found a property on Province drive in East Dallas. Asking price around 48k. ARV is around 75,000. The owner of the property is a life estate. I will hopefully be looking at the property Saturday depending on Lisa's schedule. The estate might be willing to negotiate, and the numbers look really good. Rent-$1,100; gross equity - $21,692; cash flow $457/mo; estimated rehab costs-$12,000; est. COOP-$1,123; mos to recover COOP-2.46. I'll let you know how it turns out.

HUD properties

The two HuD properties that Jason submitted were rejected. We're now working on the other 15 that are bank REO's and should have a lot of them submitted by the end of today. Btw, my offers were rejected but it appears that one of them did not receive an acceptable offer and is still on the market. I'll re look at that one to see if it's worth revising my offer.