My Deals

Congratulations to everyone who closed on their first deal this has inspired me to continue pressing on and not lose hope in knowing that persistence pays off.. Keep moving forward.

Sorry we havent posted lately, just taking some days off and next week visiting family in my home country! So exciting!

Just right before xmas, we are closing tomorrow on a property we are buying using our Self Directed IRA. This property is worth As-Is for about $30K, we are buying it for $14K from someone who needs help and needs paying medical bills. We are planning to sell it for $20K, with hopefully a $4-5K profit after paying closing costs. I dont really believe our IRAs could gain this value in a short timeframe by only investing in stocks and mutual funds, but we will be working on it within the next few weeks.

Enjoy Christmas everyone and Happy New Year 2012! Keep on rocking!

Tom and Jeri

5/1
2 Story
ARV $75k
Repairs $20k
Contracted for $25k
Already sold for $30k

Bought and sold in less than 1 hour!

Buyer wanted it before we made the offer on it!

Bandit Sign Lead

NEXT!

Yellow Letters are going out tomorrow.
50 more signs being ordered tomorrow.

Im on the downhill slide now!

My Plan: 4 Deals a month @ $2,500 a piece = $10k a month = $120k in 2012!

It can be done!

Seller was asking $40k

We got it for 63% of ASKING PRICE.

We explained why our offer was so low and the seller did not counter offer at all.

They said ok when can you close and told us a fax number.

The contract is being faxed over tonight and the paperwork is being sent to the title company ASAP.

I have a very good canadian friends that I met on a cruise and talked to them about dean graziosi and his books and strategies.We became closer friends and shared investing ideas and they immediately started taking action.they just got the keys to their new investment ...an 8 plex.!!!! Congratulations ! Yeve and Chantal Menard!!!! I am searching here for other canadian investors to share experience and wisdom with them as the canadian rules and ways of doing things may be a little different.I believe they will be a valuable source of knowledge for other canadian investors.please contact me and contribute to this post if you r interested in chatting with this TAKE ACTION team from canada! !!!
I am proud to have some exciting action takers as friends across the border!!
Jay

Steve and I closed on our second real estate deal today on a deal that we bought for $54K and sold for $69,900. Total rehab costs were about $60 because we only changed the locks on the property from the time we bought until we sold. We did an owner finance deal with $13K down and 12% finance, so if the buyer pays off on schedule and not early, our profits will end up being closer to $100K.

I have been working on this Nice deal for the last 2 weeks..Im Dealing with a company that buys alot of Property at one time,But they take a long time with their DD before they give a yes or no..Well tonight I got a Text that said they have giving a Verbal Yes and they will right up a Offer and send it to me Tomorrow..
If the Offer isnt to low I will have done a deal before the new Year..The Deal goes Like This...

My Agent Knows a Developer That Has 27 Town Homes he wants to get rid of so he can build more..With my fee I was asking $70k for each unit..He was asking $63k so I will be making $7k for each unit which comes out to $189k for me...But I do Have to Split it 3 ways So I will be getting $63k Not bad,Thats makes out to be a good Xmas...I will keep everyone updated

Bandit Sign Deal

Unlisted

Vacant

Asking Price $30k

3/1
2 story
2 car garage
ARV $75k
Rehab $30k
Contract Price $22,500
Buyer in Place
$5k Fee Expected!
Close before Dec 31!

Get your bandit signs out!

They work!

Study, TAKE ACTION

GET LEADS GET LEADS GET LEADS

MAKE OFFERS MAKE OFFERS MAKE OFFERS

25:1

DG Family,

I need help and / or a partner.

I am working on deal #3 and I have seven deals pending.

I was just shown a three bedroom with two bath which was recently rehabbed. According to Totalveiw it is worth $86,000, on the market for 481 days and recently reduced to $70,000, the Realitor has been told any offer under $65,000 would need to be approved short sale.

I was thinking a cash offer should be for about $49,000. Other than earnest money I am without the means to buy this right now. Details available by phone.

Well hello DG family! I know, I am not around here too much anymore and I miss it. I just have so much on my plate right now, something had to give. BUT, I wanted to let you know that I've now done my first SHORT SALE 'assignment'.

Here's how it worked. One of my partners who had a short sale under contract was going to let it go because it was expiring and they already extended it twice and had been working on it for a year. I told him to hold off on letting it go, I may have a buyer, sent it to my buyer's list and one of buyers was very interested. We signed the finder fee agreement and then resubmitted the short sale paperwork with the new buyer's info.

Folks, for those who believe in Santa and Dean (and even those disbelievers), I can tell you you don't need a lot of money to get started.

Wholesale properties can be purchased for SUCH little money without partners, assigning, or methods you might not feel comfortable with to start out. Fannie Mae's website is full of them from coast-to-coast.

My first deal involved purchasing a property from a wholesaler WITHOUT title insurance, and it's a lesson I learned hard and well. Now, I wouldn't even let someone GIVE me a piece of property without title insurance. It could be riddled with liens, back taxes and/or encumbrances, and could cost you a fortune to extricate yourself out of. I was fortunate to get out of that situation.