My Deals

yeaaa wahooooooo I did my first wholesale deal and it feels pretty good. it was a not a huge pay day but it was a learning experience and i did still make $1000 and i needed it. it all thanks to dean. after my buisness went under in 2008 i never thought i would be involved in real estate again but one night a year ago as I lay in bed I saw deans infomercial and i couldn't believe this guy was real and that it was possible to make money in real estate with no money and no credit. here are the details of my first wholesale deal.

We sent a cancellation letter today. Turns out that the MLS Bank pics did not represent the gutted house. The comps were way out of whack as well. Next!

Hello all,
A woman responding to my badit sign wants to give me her house but I have a few concerns. The area is the worst and the condition of the house is likely close to that. The house has been vacant for a year and the copper has been stripped out. I don't have a buyer on my list that would embrace this degree of repair or be willing to even consider this area of town. The other buildings on the street have been vacant for so long that they are beginning to dissolve into the landscape. So, what do you think...I'm ready to run the other way while my partner wants me to jump on it today? Remember now...the house is FREE.
Bob

Our IRA custodian (sister of Equity Trust) sent our documents back signed today, approving sale of one of our latest acquisitions! We bought it through our Roth IRA for $15,000.00. Property was originally listed for $30K, vacant, with price reduction. This property has also a large Mother-in-law unit in the back yard . The front house has 3 beds, 1 bath, while the back house 1 bed, 1 bath. Both houses under one utility service (i.e water, electricity, gas). We sold it in installment contract to a large family perfect for this property set-up. Property appraised for $45K and sold it in installment contract for $40K with $3K down and $530.00 per month for 9 years at 10.45% interest rate.

Hi everyone. I have aseller who inherited a property from his mother and she had a reverse mortgage.he is now responsible to pay the mortgage up and cannot get a loan because of bad credit.He wants to sell the property for what he owes on it which he says is $172,000.Says it doesn't need repairs, but will determine that when I go look at the property.He lives in it and wants to sell it and hopefully rent it back if he can.The ARV for the area he is in is $221,500.Does anyone think this is a good deal and should I make him an offer.He can't take anything less than what he owes.This is an area where BRAC is moving in and improvements are being made at a rapid speed.It would be a great rental property for the area.Just not sure if the profit is good enough.

I need some advice (newbie here). I came across a property, rundown, Looked it up on Zillow and found zestimation is 189000. houses in area have been going from 100,000-200,000. I estimated the repairs at 15,000. Is a offering price of 102,050 too low of a offer,and did i figure this correctly? Help!
189,000-AVR
x 65%
---------
122,850
-15,000-Repairs
-----------
107,850
5800 - Profit
-------------
102,050- sale price

Birddogs: EARN $500 DOLLARS PER REFERRAL FOR LEADS THAT CLOSE ESCROW!!

Hello everyone, during Dean's first live online event, Matt suggested making offers at 70% asking price or even bumping up the offers if 70% isn't working. My understanding is that (as a Wholesaler) I start at 70%, then subtract rehab, holding, profit, closing costs and misc in order to make an offer - is that wrong? Matt and Dean seemed to suggest going the other way. I can get properties at 70%+ all day, the problem is that my local Buyers won't buy because they say there is no profit at that level. Anyone else having this problem? Does anyone know of Buyers that will buy at this price point? Dean/Matt/Anyone, are you interested in buying in Huntsville, Al at 70% price point?

I am excited to say I have received my first monies from real estate investing. AAAAAAWWWWWWWHHHHHHLLLLLL YEAH!!! I received a check for $31,065.29 from the title company, and deposited it the same day. It took me almost 7 months to complete this deal (purchase, rehab, refinance) but I did it and I learned something new every step of the way. Time to duplicate and do 4 more deals before july28, so I need to speed up my process, or wholesale. Thank you to everyone on this site who has helped me along the way, and encouraged me while i was down. I know that I can do it, now I just have to take action. SUCCESS, HERE I COME!!!

Great property..Great cap rate..

Attention Buy & Hold investors. Synergy 1 has been working closely with
property managers and realtors in Lansing, Mich. and finding some great
deals. The property shown here is one of many that we will be offering
to Dean Graziosi students on a first come first serve basis. This one
will move fast.

3 B/R, 1 Bth 1368 sq ft. New roof put on 5 years ago. Gas fireplace, large
family room, back deck, Aall appliances in good shape including washer
and dryer. Kitchen cabinets in great shape. House needs inside painting
to clean up and new carpeting which is included in the price. Furnace
will be replaced before closing. ARV (after repair value $67K-$75K)

Price $49900
Expenses as follows;
Taxes & insurance $217. per month= $2604/Year