Deal of The Month #6 - From rundown shack to new home tract!


Watch the other Deal of the Month Videos as well as other great videos on Dean Graziosi's Media Site

How I paid one man’s foreclosure bill and built a house on a hill

Did you catch my attempts at clever rhymes in those two headlines? Okay, no one’s ever going to accuse me of being a great poet, but I do know how to spot a great opportunity. This month I’m going to tell you about one of those great opportunities, that was also one of my most unusual projects. A couple years ago I was visiting my home town. I drove by a run down old shack on the side of a hill. It looked abandoned, so I stopped and took a look around. Suddenly, I had an idea. “If I could get this property, I’d do something that would turn this eyesore of a site into a lot that was beautiful and bright. (uh…! There I go with that rhyming again). Watch the video and learn how I took a $30,000 investment and created something could return 1000% increase on my money. By the way, in the video I keep saying “I’m going to make $50,000” which is NOT correct as I’m sure you’ll notice. My profit is much higher. Maybe math isn’t my strong suite either eh…

Nice Video Dean

Anitarny's picture

And once again I learned something new, but unless I missed it how long did it take you to rehab?

Thank you, Dean.

Rina's picture

I appreciated you walking through the house. You are so down-to-earth. I love that, even as a multi-millionaire, you can relate so well to us and point out the HUGE and small things that will contribute to our success. Great video!

Thanks again,

Rina

Question

Why not just sell the lot between 120 and 150 after only investing 40ish? I realize it wasn't the most attractive lot, but if you're only netting 50, couldn't you have gotten the same 50 a lot sooner by just selling the lot?

Wonderful Video Dean

The walk through the property was quite informative. The use of color gave a warm and inviting atmosphere. The explanation of mishaps, understandable. All in all a wonderful presentation. we need more of these. Thanks and God Bless.

Sandra

Love This Video

laurajohnson's picture

I love the way you take the time to personally talk to us, advise us and walk us through your deals. Your sharing the nuts and bolts from A-Z is what has enabled me to take your book knowledge and follow up with ACTION! You are a true teacher to all us 'little guys' and your honest intent for everyone to be as successful as you is very rare in todays world - so THANK YOU!

new contruction

dsmith4655's picture

the old house was torn down by a local demolition company , and the new house took approx 4months to build

hillside lot

dsmith4655's picture

being that the lot was a steep hillside most people did not have the vision , to picture a new home there , the skeptics said you can't build that house there , but we did and it's a beautiful home !!! , the lot was for sale for a short while , but dean had quickly decided it would be easier to sell with a nice little house on it

d.smith

Rina's picture

Thank you for adding those notes. Makes it feel that much more real, with someone who was involved in the project giving more perspective.

Thanks again,

Rina

really real

dsmith4655's picture

everyone needs to understand one thing, it s all real , not only does dean create everything you see here , he is the creative mind behind everything you read in print and everything you see on tv , the reason deans info works is because he owns realestate all over the country , in many diverse markets ,dean has his finger on the pulse of whats going on , in my market in upstate ny realestate is tough right now and he knows that because we own alot of properties , some we are trying to sell some we are developing , some we are renting for the long term and some we are renting just till we see things turn around so we can sell for a profit , other parts of the country other techniques are working , i'm always amazed that there is a part of the country where you can still buy a house for 30k and flip it for 60k , but it is happening everyday ,so remember its all real and dean is an ordinary guy with some extrodinary vision when it comes to realestate and business in general

S W E E T !

sully's picture

That House Went From ZERO to HERO!, Absolutley gorgeous interior and exterior, no wonder your a freggin' MILLIONAIRE!? SULLY

Great Video and Great Home!

Indiana-Joe's picture

Dean,

Thanks for taking the time to walk through this deal of the month. I enjoyed watching it more the second time around. Thanks for explaining all the details. The home looks great! Good luck on your future deals! Believe and Achieve! Smiling