My Deals

Finally! I became a DG studen at the end of July...I have searched for the great deal, created a blog, website, created an LLC and have tried to get my power team together. Through this process I have ended up with 3 realtors. I put offers out with two of them (about 20 offers, contingent upon inspection and my attorney's approval) I am still waiting on the bank for an offer I put in for less than half of what the property was listed for.

Today was the big day that I did my first assignment. I had a seller contact me about selling her property, I went and looked at it, locked the property up for 5K. I marketed the house, found a buyer that wanted it, assigned it to him for 6K. Sounds simple right??

After a few bumps in the road and this question and that form later, we got the call yesterday to close our last deal and that date is November 23rd at 11:30am.I have to admit, it was getting a little crazy, but hey, this is the game we have chosen to play. Anyway, we will walk away from closing with $1408.00 in our pockets.
THIS IS TRULY A NO MONEY DOWN DEAL WITH USDA. All of our up front money will come back to us. The only money we spent was a $300.00 house inspection fee which came thru with flying colors. That was an option, not required.

Hey everyone,

Just to let all you out there with goals and desires know, it IS possible to do this REI stuff!

FOMAC receives HML pre-approval today for the up coming auction!

Still waiting to hear back on the owner carry property, but very excited about everything at this point! I litteraly can not move fast enough to soak up every opportunity that is being presented to me.

Everybody needs a piece of this pie - now go get em boys!

FOMAC

Failure to plan is planning to fail.......

I have a very motivated seller that needs to get rid of a duplex that he owns right now. He is willing to take a lower purchase price with a higher interest rate across 2 years with 0 DOWN!!

Problem is he is moving out of state and he is thinking that b/c he still has this mortgage in his name that he will not be able to get approved by another lender to buy another house...

Just was wondering if anyone has came across this problem and if there is anything creative that I can do to solve this problem.

Hi everyone, Dean,

Today was a very encouraging day! I signed the offer I made on a single family, owner carry property. That was about 3:00 pm this afternoon.

But WAIT..... Tonight about 6:00 pm I got a call from a friend of mine who I told to pass along any potential renters, and she was asked by someone she knows today if there was a place for rent in town!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

The offer has not been accepted yet, should hear back in the next 24 to 48 hours. But in any case I have not just this tenant as an option but others as well!!!

Well I am getting closer to my first real deal. I have been a fan of REI for years and never had all the puzzle pieces to make sense of everything. I for some reason really started looking at REI in January of this year. In July I saw Dean on TV. He is the most genuine guy I have seen promoting any information or product. Through all my action I actually became a property manager for a couple who moved out of state and have a huge list of potential renters looking for housing in my area, awesome!

Hi Everyone in the DG family!!!

Just wanted to share a few recent events... but first just a brief on my background...

Many of you know that I have been only assigning properties since I got Dean's book a year ago. Though I have been doing well assigning properties and bringing in up to $5,000 a month. I have decided I want more!

I just signed the contracts for my first Investment property. It is a small 2 bedroom that I negotiated to 45,000, needs 10,000 rehab and I can resell the property for $110,000. That's a $55,000 profit before closing costs etc.... I will get a hard money loan to flip the property.

2 years ago we bought this little 800sqft house 2 bedroom on a corner lot with a nice sized yard. We paid 56k for it with private money. We aquired it with marketing the neighbor hood with post cards. Our plan was to rent it out and take the cash flow which was about 150.00 a month. not bad.... Well that little house became vacant in August. We put up out for rent signs, ran ads in the local papers to re rent it. when showing it a young couples approached us to buy the little house. We said sure.90k...