Closed on 5th house deal with Dean's help. SOLD 1st flip.

We closed on our 5th house deal since we bought one of Dean's books. At the time this deal came to our attention we knew we did not have the money to swing this deal and not being one to pass on a good deal I used OPM to close this deal. My sister Alison and her husband helped us doing leg work on a past deal and they wanted to get in the REI adventure also. I asked Alison if she wanted to get in on this deal and she said yes. She had the cash to pay her half of the deal.

We needed to come up with our half some how. While we were at the Edge 2011 event we signed up for some advanced training. We really wanted to spend two days brainstorming with Dean and Matt. If you signed up for the advanced training you received Dean's direct e-mail (do not ask me for it) Veronica being the smarter business person told me to just ask Dean for a PML or HML so I sent Dean an e-mail telling him about our deal and that we needed money. The next thing that happened was I got a call from Private Money Bank and they told me that Dean Graziosi told them to call me. All right it does pay to know people that know how to get things done. Thanks to Dean.

We were able to get a HML for 80% of the purchase price and my sister was paying the down payment closing cost and repairs. My sister will still make over 30% on her money invested in this deal so it is good for her also. There are people you know that have some money in the bank getting .05% ROI and when you show them they can get 30% they will want in on your deal.

Now the rehab begins and on to the next one.

Just to clarify that this is our 5th purchase of a house not our 5th deal. Renting a house out for positive cash flow is also a deal.

I want to thank Dean Graziosi, Alison, Bob and Patricia at Private Money Bank and of course my partner for life Veronica for making this deal happen.

God bless the DG Family

Steve