My Deals

Ok yea...The house in taft (van pelt ct) was funded today (not my money,it will close on monday and record the same day). I sold this house for 110k and 73.6k was funded at 6.5% interest to my investor. Guess who gets the $36,319.69 balance? Hip national bank does!!!!! I had 8 hours in this one and about 300 in fuel and meals. That 4.5k per hour....Wow i feel like a lawyer or something....

I got an offer accepted on a 7 house package deal altogether it was $695,000 rented at $6500, offer was accepted $600,000...we plan to assign at $645,000 to our buyers on my list...Looking for Tammys help because my partners and i have more not only that we are running out of time, we may lose on the deal this just may have to go to another buyer...I want Tammy in on this so if you are out here please contact me asap....we plan to close soon please hurry...

Thanks,
Jevon

I'm very excited to move forward onto the next one. Last night I just closed on a Mobile home to a senior couple. Here is the whole deal. I just love it.

I got the home for free from my motivated community owner. I put about 3000 into this home, it didn't need a whole lot. I have my worker that does most of the work, he is learning and growing more every day. My buyer bought this for $13500. They gave me $1000 down and I am financing them a loan of $12,500 for 6 years with payments of $244 per month at 12% interest.

Over the loan I will make an additional $5000 with a total over $15500 for the deal.

I love this business, and I'm glad to share success. It is motivating to me to read others success stories, so that is why I posted mine

I'm very excited to move forward onto the next one. Last night I just closed on a Mobile home to a senior couple. Here is the whole deal. I just love it.

I got the home for free from my motivated community owner. I put about 3000 into this home, it didn't need a whole lot. I have my worker that does most of the work, he is learning and growing more every day. My buyer bought this for $13500. They gave me $1000 down and I am financing them a loan of $12,500 for 6 years with payments of $244 per month at 12% interest.

Over the loan I will make an additional $5000 with a total over $15500 for the deal.

I love this business, and I'm glad to share success. It is motivating to me to read others success stories, so that is why I posted mine

On the Monday before Thanksgiving, I met with a seller at house she is selling for her mother. She had called me about this house way back in 2011 after getting a yellow letter from me. I would call her every couple of months and leave a message saying I am still interested in buying when she is ready to sell. I also told her if she no longer wanted to sell it to let me know and I would stop calling. The last time I left a message for her was back in April of 2012. She called me in November and said they were ready to sell.

Here is how doing right comes back to you....I have a rental unit (my old home) in lompoc,ca that I have had the same rents in for the past four years. They let me know that they are going to down size and buy a trailer in a local trailer park and that they would call to have a check on them. I told them that I wished they could stay but i understood and would tell them my thoughts when they called and would let them know what they told me as well. The park manager called me and I let him know that he would not find better people anywhere. While i had him on the phone i let him know what I do and ask him if I could help him solve any problems he has in the park (oh yea). He told me that it would help him out if I could buy the old units he has taken back for non payment.

this was not a no money down deal, but a good deal none the less.
this one was purchased from a wholesaler who was a friend of a friend.
i negotiated and paid the wholesale fee and paid 1k down to the owner with him taking back the financing.
it's a 2 unit that has tenants in place in one and needs light rehab on the second. what i liked about it was that with the one unit it cash flows the property $250. per month and the other unit will rent for $650. per month
this real estate stuff is starting to pick up speed,lol.
keep moving forward, rob

Hello REI Professionals,
I'm happy to present a profitable Multi-Family L.A. Fixer. Here is the info:

· 6 bed/3 bath Multi-family/Triplex
· Size: 2,532 sqft +
· Lot: 6,316 sqft
· Purchase Price: $245,000 -- firm 62% ARV
· Similar properties have sold in the area for $395,000 to $425,000
· Estimated Repairs: $55,000
· Estimated ARV: $395,000 +
· If properly and nicely upgraded, this REI Property can sell for at least $395,000 or more!
· This REI Property is only available until Sunday Night, 11/25/2012!

For those that worry about the bandit police: I got a call from a guy in taft that wants to sell his house..I ask him were he got my number so that I can compare. He told me it was from a sign at the end of the street (big yellow thing was his words). The house is a 1 bedroom 1 bath on land that he pays rent on (does not own the land). I will have to see the the land owner will sell since he has owned it for over 10 years. I can get the house for 10k or less and the land for 5k i will do it because there are two houses on this lot. He told me the other needs work and they use it for storage only. They should rent for 500 each in that area...Will be some work but worth it bar none...NOW GO GET SOME

Earlier this month we completed our first deal and we finally closed after 60 days we thought we couldn't be more excited. Today we realized we were wrong! We got two emails -one from the homeowner and one from her daughter. These notes exactly WHY we started this business and the money is just a great bonus. We wanted to share them to encourage people to hang in there even if it seems hard, is taking a long time, or if the home owner is having a tough time with the transition.