My Deals

Ok, after a year of sitting on my thumbs I finally got a copy of 30 Days to Real Estate Cash with no money up front book. Today was day one of my first 5 days and it had an "oh $#!+ am I really doing this!?" Moment while I was on the phone with an agent asking the questions. That moment was followed by doubt an insecurity. Should I have finished the book before I started? My biggest question is, does this really work? I am not afraid to do the work my why> my quit. If there is anyone who has followed the steps in this book and succeeded please I ask of you accounts of your experiences and positive rei forcement. I have told no one what i am venturing out to do so I kind of feel isolated.

I have an elderly lady who is selling one of her two homes in Charlotte, NC. She lives in Illinois. I'm trying to get the home on terms instead of purchasing it cash for two reasons, less money out of our pocket and to save her from being slammed by the IRS with taxes. If we pay her the full amount, she feels she can roll the full amount into an IRA and she will be okay. My understanding is she will be heavily taxed since this is not her primary home. Does anyone have any insight on this topic? I greatly appreciate your thoughts and wisdom.

It has not been 30 days since the EDGE and we have done 6 deals with three others waiting to close!

Total NET profit so far since EDGE 2014 = $30,500.

We closed a lease option deal 2 weeks before the EDGE and cleared $53,000. So the last 6 weeks have been OK!

Wholesaling and doing L/Os just like Dean teaches. Even in a very competitive market. Multiple offers, highest and best, selling over list etc. etc. blah, blah, blah!
25 to 1 works when done the way Dean teaches.

YOU can do this!!

Michael

Hello DG Family,

I know I haven't posted about a deal in sometime. I've been slowly working on a rehab in the mountains; taking my time as values are going up there and the season for selling is coming up soon. I should have that rehab done end of this month. Projected NET profit on that one will be $110K. Worked with a private investor on that one. I do the work, he gives me the money. We'll each split that $110K, so that will be $55K for me!

Closing at the end of this month is another deal; a short sale, divorce with liens and 2 mortgages that I have been working on for 10 months. If you follow my deals, you know my specialty are these properties with all these issues and complications.

For the people that say yellow letters don't work....... I say horse poooo.. Just got a call from a guy that I sent two letters to one year ago. Want to sell his MH that he owns the land under. I sold one in this park which was half the size of the one for 45k in and hour. Home run number two is coming so get your gloves on baseball fans.... Please use yellow letters and bandit signs because they work..I will post the deal once I lock it in Friday ..NOW GO GET SOME

I wanted to post all our deals in hope that they can help someone else learn and take action with their own deals. Also so that I can continue to learn as much as possible from any comments and advice from the DG family!

So I break down our REI to two time frames:

Before Dean (BD) 2001-2012. Deals #1-3
After Dean (AD) 2012-2014. Deals #4-12.

Deal #1: The OD (Original Deal)

Well as if the edge was not enough with speaking on stage, meeting great people, helping put people into the right mind set about only doing deals where everyone wins! Even thou I was sick as a dog on stage I would not have missed it for the world. We have been doing a rehab in Paso Robles Ca. for the last two months. We helped a family get out of the deal because the son had a heart attack after mom was placed in a home. Wife told him to get it gone before it killed him.

Hello everyone,

I have a seller that responded to one of my marketing letters. Here are the details:

* St. Louis, MO
* 4 BR/2.5 BA
* 2,124 sq. ft.
* Built in the '60s
* New siding and roof because house was hit by a tornado
* Listed at $145,000 then $139,900 a month later
* Reduced to $134,900 last week
* Zestimate of $133,382 on Zillow.com
* Estimate of $116,703 on Total Value Real Estate
* Estimate of $112,179 on eppraisal.com
* Listed with a Realtor
* Wants $134,000

I had a hard time comping the property and don't really know what to offer. Can this still be a wholesale deal?

I’m really behind posting this so….

This was the first one of the 10 houses currently under contract.....link to previous thread is below.

Almost 2 weeks ago Monday, 4/8; I closed on the 1st half of the 2-Pack Rentals getting a $2,500 assignment fee. This is my first closed deal since early January….almost 90 days!!!

I’ll take it, all day long as the “meat on the bone” is in the 2nd house in the package…a $6K pay day, right?…NOT!!!! 

As previously mentioned; these contracts were signed at different times (b/c of jerk-**f partner). Of course, the intent was for them to close together as a package.

First Condo; 2/2, $79700, HOA $256/month, Intercostal views, 55+ community, good for Buy & Hold.
Second Condo; 2/2 converted, $39700, HOA $350/month, overlooking lake & club house, 55+, needs some updates, good for Buy & Hold.

Find the buyers & we split the earnings