My Deals

Deal #1
I closed Another $25k Assignment Deal on Friday, which was a FSBO From my bandit signs ARV Was $280k
needed around $35k In rehab, Locked it up for $146,500 Sold it to one of my Big buyers for $171,500 in 6hrs And The seller threw in a 74 Stingray Corvette for another $1k That was in the Garage! When I made my 1st offer for $141,500 He declined it ,wanted closer to $150k, So I offered him $146,500 & The Stingray "He Accepted"
Deal #2
Also a FSBO who called from my Bandit signs,

Need assistance - I sort of had a relapse in thought.

I finally closed my first buy and hold deal. I was fortunate to be able to partner with a group of investors in my area and work out a partnership that will allow me to potentially make 20%+ on my money invested.

I can't wait to go out and do it all again!!
Martha

First closing was off our pre foreclosure marketing campaign. It was a short short. We handed off the lead to our short sale team and they did the rest. Closed yesterday (Friday) We did not even go to closing! We made $1784. This happened due to our PRE FORECLOSURE MARKETING CAMPAIGN. 45 minutes invested.

We have a closing on Monday the 23rd that we locked up in August. One of my buyers wanted to get rid of a property they no longer wanted. She called me and asked if I could wholesale it for her. We did and will make $6000. This happened due to NETWORKING. 1 hour invested.

Help would be appreiciated with what information is missing that investors will need. (minus photos)

101 Academy St, Platte City, MO 64079

Price $69,500
3 bed / 1 bath / 2,472 sqft / built 1952
ARV $143,000
Repair Estimate: $36,000

Currently rented month-to-month for $600

RentOMeter.com has 22 three bedroom rentals
making up an average rent of $886.

- ALL MAJOR APPLIANCES COME WITH PURCHASE

Allows for adding a master bath to master bedroom
and of course fixing the hysterical paint job to the left.

Comps:

# 113 Rader Ave: 3 beds / 1.5 bath / 2726 sq ft $130,000
# 109 Rader Ave: 4 beds / 1 bath / 2760 sqft $152,000
# 1313 Atchinson St: 3 beds / 2 bath / 2860 sqft $148,000

A i just had to tell you !! just dropped off a 100 dollar bill to my mom ?? why ?? just because she told me about a property and i locked it up last mnth,showed it multiple times .....built a 15 plus rent to own buyers list off it and in the process of sandwiching it to a buyer !!
I told my family and friends that if they found me a house and i contracted it or sold one to someone they referred that i would give them one hundred dollars !!! i think they were not believing me till i dropped the 100 off and she was sooo excited,she didnt want to take it but with what i told her i was going to makeon it in the end , she gave in ) my brother then said WOW i am going to get on this and find you something and i do know some people who are looking for a rent to own !!

Doing the financials is something I used to do regularly, but since things have gone crazy with the real estate, I've kind of neglected them. Actually, I HATE doing taxes. DESPISE them. Just getting everything ready for them is about as enjoyable as taking a bath in acid. And I have been working the REI business hard since last September and have been HORRIBLE at keeping up my books. (I know, I really need a bookkeeper but am afraid of the whole embezzlement thing (excuse... found one now ) And I found out today that I have surpassed a couple of my goals. Time to make new ones!

It's been awhile since I posted my deals but this one is special because my son Justin partnered with me !!! This is how exactly how it went !!
1- placed bandit signs out at strategic locations ... Such as the entrance and exit of Walmart !! Yellow with big black sharpie , 18* 24 size sign that says....I BUY HOUSES ANY COND. ###_###_###
Wait for calls .... MANY MANY calls come in.... Document ALL callers and ALL info on lead sheets. Ask
1. Their name 2. Ask where they found your # so you can track your marketing to see what area signs r working the best 3. The property address 4) how many bedrooms/ baths and approx sq footage... Note : you will need this to do your comps to find out the ARV
5) size lot, garage? Basement? One/ 2 story ?

I am again advertising my first bank-owned property we bought after joining the DG program a few years ago. This property was mentioned in our DG take me away video. We purchased with a credit line, did the rehab, and then refinanced and got all of our money invested back-Plus $5000. We then received a $5000 option from our first tenant buyers. This property has been cash-flowing ever since and now it is available again.

Julie and I have come a long way and have done many, many deals since the purchase of this property. Its just a great reminder to look at where we started and how far we have come. We are still growing and learning. Success to All

John Wakefield

Hey Dg family !!!! I KNOW many of you have the CREATIVE tools inside of you only WAITING to come out !! And MANY of you have already developed and used these talents to create deals. Now we have learned how to do a deal or two when everything falls into place but let's share our experience, questions, do's and dont'$ and best practices of CREATING a deal. If you have created a deal where NONE EXISTED, , lets hear EXACTLY what you did, said , LISTENED and thought when you made this happen !!! I think this will be an EXCITING and interesting learning experience !!!! Give us as many details to learn from ))
Jay