MY BEST DEAL YET!! Bandit Sign does it again! Track this deal and learn!

That's amazing! Congratulations! I think that should definitely count as two deals

Once they are both sold, I think it would actually count as three deals. The initial purchase and the sale of each unit.

bandit signs do work when you're prepared to use your brain to maximize your profit. I'm sure there could have been people that would have just passed it by or wholesaled it for $5,000.

If that is true I already have 35 deals!! Only 5 to go!! Kidding aside, I don't count the acquisition as a deal. It is the first 1/2 of a deal. If you don't make money you don't have a deal only a debt! I could do that all day but my wife might punch me! So I must execute my exit strategy, the other and most important 1/2 of a complete deal.

But, if you say so, I will say 35 deals in 2011 so far!!
Man, the pressure if off now!!

Thanks,

Michael Mangham
MD Home Acquisitions LLC

This one is truly the diamond in the rough! It is one of those things you can't go wrong with. Well you can, but we have a lot of wiggle room. I am excited to see the sellers other properties early next week. I would love to have 2 or 3 of these going at once. The other ones are most likely the usual deal that I come across. But who knows!!

Michael Mangham
MD Home Acquisitions LLC

way to go micheal, keep on inspiring those of us who might not be where you are now but soon will be.
keep moving forward, rob

you forgot to mention if this is a 'recycled' bandit sign? If so, I think you can retire it after this one... he will soon be known as "the king of bandit signs"

I would definitely count it as two!!

Thank you for sharing another one of your amazing deals!!

Learning and progressing every day,

Valerie

I'm a newbie and I'm glad to hear of your success!
:)

Michael,

Awesome job! I know now why you have the title "DG Superstar" under your picture. I know one day I will be as successful as you at REI. Congrats again and please continue to keep us updated! Hearing of success like yours keeps me, as a newbie, motivated!

Here's to everyone's success,

Brent

Way to go Michael keep up the good work.

Steve.

They are attached single family homes, NOT a duplex. Oh brother. Anyway, meeting my realtor, builder, PM partner at the property at 9:00 AM. Then my PM guy and I will be going to my attorneys office at 1:00 PM. We want demo started in the next 30 days. Builder will get together the list of needed permits and costs as step one. Construction plans in the next 2 weeks.

Michael Mangham
MD Home Acquisitions LLC

This is inspiring...go get em tiger!!

Nicole

Michael,

I told you it was counted as TWO!!!

again... great job!! keep us motivated!!

Valerie

way to work it out-

once again thinking outside the box

Or are you just showing us how its done? I think the latter is the case. If you are going to hunt rabbits, you need a dog and a 12 gauge. But if you are going to be successful at investing you need solid knowledge, good instints, a good work ethic etc etc, and at times a little luck dont hurt Great job, and please keep us updated on how this deal shakes out!!

I knew immediately that this was your post when I read the heading. Congrats! Can't wait to hear more details as the deal progresses. God bless and much more success to you!

First of all, thanks Lenee, Steve, Mike, Valerie, Nicole, Steve and Brent.

Today we met with my realtor that will list the properties when done, my PM guy and 2 contractors and a architect/developer/ builder. This job was over the heads of the rehab/re modelers we use. But the architect has actually done multiple projects exactly like what we want to do. He already has the plans! No need to hire a architect to do the design. It is already done! Four floor plans to choose from. We have our second meeting with him at 10:00 Tuesday morning.

Both the architect (he works this area) and the realtor say list price between $610,000 and $619,900 each!

In this area we found out that Denver will not re zone for multi family. The only way is if the property is already zoned that way . We are zoned R2. So we are OK. Apparently there are not any lots like this currently available. All the big developers that work this area are out of inventory. These guys have millions and millions of dollars, are actively searching for land and I got this with a BANDIT SIGN!!!

Contract to the title company, should close with in two weeks. Want to leave the closing and go over and watch the demo/scrape start same day. Our builder has given us a 120 day completion schedule. We will firm up everything in the next 10 days or so. Will definitely have before, during and after photos to share on this one!

Michael Mangham
MD Home Acquisitions LLC

I am getting a few PMs asking what my bandit sign said and if I use a recorded message.

The sign said:
WE BUY HOUSES
xxx-xxx-xxxx

I do not use a recorded message. The number is my cell phone. I would rather talk to the seller right away. I don't get hang up calls that way. Really, do you like calling and getting a recording? I am not worried about some official calling to complain. If they really want to know who owns the recorded message phone number, they can find out if they want to.

If I were to get so busy that I could not handle answering and screening my calls I would hire an answering service.

Its Sunday so I am off to church and then some afternoon door knocking on pre foreclosure leads.

Michael Mangham
MD Home Acquisitions LLC

I dont think ANYONE likes recorded messages and according to surveys, about 80% or more of callers hang up!! So, look at how much business you are losing. Answer your phone!!

Im Impressed cant wait till i can do that my self. Great Job!