My Deals

First offer accepted. Now to get busy and sign the papers and sell to an end buyer.

I am looking for some advice on a commercial deal that me and my business partner are working on. I have never baught an apartment complex before and have just started in my realestate investing career. I have made a thorough inspection of the building and its units, consiting of 1, 2, & 3 brd apartments. The current owners have completely remodeled the entire building, so I know that I would be paying a lot more than most would want too. The building itself is in very good shape. The occupancy rate is at 66% (or 12 units). The reason i'm enterested in this building are the owners. They want $550k for the building, which is right around FMV, I think. But, I have gotten them to agree to seller financing over a 30yr period @ only 5% for 350k of the purchase price. They want $200k down.

I became a member 11/09, couldn't afford to join the "Academy", still can't,I lost my job to the recession 3yrs ago and am too old to be hired,I have read Dean's books among others; I have tried to build a buyers list,get a lot of BS, have talked to those who are old pros at wheeling and dealing in RE,they seem to want to make all the money and actually steal properties from me,then I have tried finding investors over the internet, more BS...but I continue to be like one of those punching clowns, you know the ones w/sand in the bottom that bounce back. The thing that I have found is it "does" take money to make money (Al Capone). Those who I have dealt w/are selfish and greedy. These are people who have 40 or 50 yrs.

I would like to add more success minded Creative Investors to my contact list and do deals. Utilize me if you are looking for or wanting to get rid of investment properties. I would like to network with exclusive mastermind millionaires and brain storm new ideas and discuss topics that will enhance everyone’s personal and professional development and increase everyone's bottom line. My goals - meet, network, mastermind, share ideas, partner, joint venture, synergize, have fun making money and give back to the community.

Your Investor Buddy,

Sabrina Gonzalesbrown
Exclusive Investment REA/ US Navy Veteran
DRE: 01812276
First Team Real Estate
407 North El Camino Real
San Clemente, CA 92672
(949) 514-4266

Here for you - always.

http://sabrinagb.northsdcountyhomesnow.com/

Hello DG family! Closing another one, this one is with a JV partner! I am doing all the work, and then renting this one out either regular rental or more preferable rent to own

PP: $95K (lowest bank would go on the short sale)
Closing costs: Approx $2K
Rehab: $6K (for a nice cosmetic rent ready rehab)
ARV: $135K (conservatively )
Rents: $1650-1850/mo (easily)

Monthly NET profit to EACH of us as JV partners:
Approx $725/mo ($1450/mo net profits (at $1650/mo))

Plus, we will share the option fee 50/50. Paying my partner a nice return on her investment.

Closing Monday. Want to thank my JV partner so much! She rocks!!! And want to thank Dean and the DG family for being there for me to goto when naysayers get in the way, which they often do.

Hello DG Family,

Just wanted to post a deal I currently have. I have a super Hot deal in Blue Springs, MO!! Great area with highly rated schools.

This home is worth over $105,000 we are currently selling it for $60,000
It needs a little love!!! For more info just let me know and I will give you all the details and show video: )

Have a great night everyone!!!

with gratitude,

Makeba

Bought a HUD home 4 bed/ 2 bath ranch 1800 sq. ft. with full basement. Purchase price of $55K. This house was the ugly, but I sure did see the potential! New siding, gutters and windows. Gutted the kitchen and both bathrooms. New maple cabinets in kitchen with granite tops, tile floors and recessed lights. Bathrooms new everything also. Updated some of the wiring in the house along with plumbing. Kept original hardwood in part of house and installed new carpet in backside of house where old carpet was previously. Painted the entire house to cover up the yellow and purple walls! New doors, fans and much more. Total rehab cost of $45K.

Listed house with my realtor and was in contract in 2 weeks! Sale price of $132K CASH and I am still smiling!

How did I find this deal? Driving for dollars that's how. Just like Dean teaches in his books, I was driving one of the areas I work. Up one street and down the next. Looking for FSBO signs and for rent signs. This is a very hot area where a lot of scrapes, pop tops and full remodels are taking place.

I see these THREE houses in a row with for rent signs. I call and ask if he wants to sell. He says Yes! I get all three properties under contract for $788,500. I was hoping to assign the deal for $838,500 but my buyer talked me into $825,000. With a non refundable earnest money (certified funds) check of $45,000!! Oh well, I made $36,500 instead of $50,000.

Took the two contracts and earnest money to my title company. Closing is set for May 14th.

OK I feel like a deer on the headlight, I have 3 properties I am making offers on I have the contracts sign to go back to the agent with all 3 contingent to partners approval, and earnest money to follow 25 days after partners approval.

House#1 Beds:3 Bed Baths:1 Bath House Size:1,398 Sq Ft Lot Size:2.45 Acres Asking $52,900 Zestimate $67,700 Value Range: $52,129 to $85,302
MY Offer 37,375

House#2 Beds:3 Bed Baths:2 Bath House Size:2,228 Sq Ft Lot Size:0.25 Acres asking $45,000 Zestimate $114,300 Value Range: $88,011 to $176,022
MY Offer 19,250 Needs around 20,000 work

House#3 Beds:3 Bed Baths:2 Bath House Size:1,777 Sq Ft Lot Size:2.00 Acres Asking $59,900 Zestimate $86,500 Value Range: $63,145 to $126,290
MY offer 38,935

K...if I can do this, YOU CAN TOO!

Just received contract and releases back on a property I am purchasing Subject-To. Lead came from a bandit sign. It's in an awesome neighborhood (one of my cherry markets I target). this specific property is in my median range. there are two phases to his subdivision. $125-175k to $175-225k (current) property ranges.

Details as follows:
3bd/2bth
Brick 1,776 sq ft.
Build 1992
privacy fence
roof 4 yrs old.
new water heater and inside/outside units in 2006
new dishwasher 2 months ago
they refinanced in 2009 to a 30 yr fixed @ 4.5% PITI $910
balance owed: $141,500
CURRENT FMV $162,300