OfflineI received my largest check to date on a single property today... $25,000.00!!!
I have done many wholesale deals over the past years making 5k to 10k and one time I got a wholesale fee of 12k on a deal. But I did this deal a little different and it resulted in a check for 25k!!!
I had a 5 unit building that I was able to negotiate down to 135k. That's a huge discount considering this property only needed about 40k in rehab and had the potential rental income of $5,500 per month. So instead of simply wholesaling the deal I found a partner who had the cash to purchase and rehab the deal. I allowed him to take title to the property since it was his cash and I simply put a $25,000 note and mortgage on the property to protect my interest in the property.
The rehab was completed last week and we mailed a letter to a buyer who recently purchased a 6 unit in the area to see if he was interested in possibly buying ours. He immediately called my partner and went to look at the property. Which was a good thing that he called him instead of me because it turns out his religion did not allow him to shake a woman's hand and did not believe that women should be in business... I KNEW HE WOULD FOR SURE NOT LIKE ME...lol so I stayed silent in the process.
Long story short him and my money partner decided to partner on the deal and keep it so I was cashed out of my note and mortgage for $25,000.
Now remember I used NONE of my own money in this deal and NEVER had to access my credit for approval. I closed on the property on December 30th and was cashed out on March 17th (who says St. Patty's Day is not lucky? 
)
I have attached a copy of my check to motivate you to KEEP ON PUSHING!!!! Don't give up, get creative and make it happen!!!! Ahhhhhh I am so PUMPED!!!!!!
Do not fear, for I am with you; do not be dismayed, for I am your God.I will strengthen you and help you; I will uphold you with my righteous right hand. Isaiah 41:10
http://realwholesaling.com FREE wholesaling tips and resources!
To your success,
Carol Stinson
That is amazing. Great job and thank you. You gave me motivation to keep going..I actually ordered some bandits signs and they just got shipped today. Cant wait for them to get here next week. Meanwhile I'll put out some flyers and put an ad on craigslist.
Thank you!
"You deserve to be successful"
Gabriel Do Carmo
www.gdc.usapropertywholesale.com
Carol,
that is an amazing deal-you just keep inspiring us exponentially!!! so happy for you, and your sons too! a full circle of goodness!!
wishing you many more great deals,
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
Lá Fhéile Pádraig Shona! ( Happy Saint Patrick's Day) Ahhhh the luck of the Irish...lol
Do not fear, for I am with you; do not be dismayed, for I am your God.I will strengthen you and help you; I will uphold you with my righteous right hand. Isaiah 41:10
http://realwholesaling.com FREE wholesaling tips and resources!
To your success,
Carol Stinson
Carol Great deal!!
Can you explain how you Put a note and a mortgage on this?
Jay C
Carol, I am reading every post here on this site to learn and get inspiration. I am trying to recover from a life threatening disease and injury. I am very thankful for you and other superstars for your comments. I am looking forward to getting started again when I can get back on my feet.
God Bless You!
Les
As a man thinks in his heart, so is he!
Think on these things: whatever things are true, whatever things are noble, whatever things are pure, whatever things are lovely, whatever things are of good report, if there is any virtue and if there is anything praiseworthy- meditate on these things
I love how you think! This is so inspiring!!
Congrats on another job well done! It just keeps getting better and better, doesn't it?
Karen
"You're never too old to be what you were meant to be!"
www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...
"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"
Nice Carol.
Can't wait till I can receive checks like that. I want to be the next big success out of Jersey. You got big shoes to fill.lol. Once again Congrats.
Chris
In order to Succeed your desire for Success should be greater than your Fear of Failure. Bill Cosby.
Some people dream of Success.... While others wake up and work hard at it
Join me on Facebook. www.Facebook.com/ortizrealestateinvestments
Sweet Deal...
- Look Out World, I smell my FIRST Wholesale deal coming...lol...
- "Ether we evolve or dissolve, but change is inevitable". - Davillion T. Royal Ward
- "All men dream but not equally. Those who dream by night in the dusty recesses of their minds wake in the day to find that it was vanity; but the dreamers of the day are dangerous men, for they may act their dream with open eyes to make it possible". - T.E. Lawrence
You are so awesome, just so a copy of the amazing check! now cheers!
Tom and Jeri
www.TuCasaInvestors.com
www.TuCasaRealtyllc.com
what a great motivator thanks for the visual.
NICE DEAL !!! you r CRAZY ......KICKIN IT GIRL !!!!! way to go !! very inspiring and shows how persistence day in and day out only makes you get a BIGGER N BIGGER check !!! this goes to show that learning from dean graziosi and taking ACTION with what we learn can take you to GREAT heights !!!
I LOVE IT !!!
JAY
Click Here For homepage www.jaysthilaire.com
need to sell ? http://www.jayhousebuyers.com
Need me to FINANCE a home ? http://www.jaysrenttoown.com
CHECK OUT MY JOURNAL http://www.deangraziosi.com/real-estate-forums/investing-journals/20063/...
I did not know you could make that much at one time wholesaling or assigning, absolutely amazing. I have made that much at once on flips, but my one assignment only netted me $1750, so much more potential. I am definitely tracking you down at the Edge and going back and reading the blueprint scripts to see how you do this.
Congrats
Judi
Carol that's very impressive. Good for You!! Carol what form did you use to place a note/mortgage on the property to protect your interest?
Ivan Chacon
Ivan Chacon
Investor/Real Estate Broker
Thats good to hear! thats a huge check! on to the next one!
yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the "present."
"Be not afraid of growing slowly; be afraid only of standing still"
woohoo for the Girls!!! Especially the Irish Girls!!!
Let's Hear It For the Girls!!!! Oh Yeah!!!
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
Congratulations Carol,
Luck or Skill? Ha Ha!
I know it was those superb negotiating skills at the front end of this deal that produced that nice check. That is the skill I want to learn!
I'll leave the luck for today's Saint Patrick's Day Parade goers here in Minnesota. They need it more than you do.
Awesome job.
Roger
URL for Journal : http://www.deangraziosi.com/real-estate-forums/investing-journals/43293/...
All things are possible to him who believes! ----- Mark 9:23
In the middle of difficulty lies opportunity ------ Albert Einstein
Frame it Girl!!! That is one nice check!! I'm Irish.. I wonder if I'll have that kind of luck one day... hmmmm.. YES!!!
Congratulations Carol!!
Everything works out in the end. If it hasn't worked out, it's not the end.
You have not lived a perfect day, unless you have done something for someone who will never be able to repay you. Ruth Smeltzer
It is what it is 'til you change it.
Carol, i'm new to DG because of you, you were my inspiration in getting started in real estate! Thank you for sharing you success, just the kick in the rear I need to keep going and not look back!
Kristen
Carol, i'm new to DG because of you, you were my inspiration in getting started in real estate! Thank you for sharing your success, just the kick in the rear I need to keep going and not look back!
Kristen
Kristen
Kristen I am so happy to hear that I was your inspiration to come here to DG and get started in real estate. That truly touches my heart in knowing that I have played a role in someone's decision to change their life!
I wish you the best of luck and know that we are all here for you
Do not fear, for I am with you; do not be dismayed, for I am your God.I will strengthen you and help you; I will uphold you with my righteous right hand. Isaiah 41:10
http://realwholesaling.com FREE wholesaling tips and resources!
To your success,
Carol Stinson
Wow! You have good reason to be stoked! That is just awesome; you are such an inspiration. Thanks for sharing!
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
You are such a great inspiration. I just love reading your posts and ideas of making it happen
We are on our way here also, we will be FREE one day I just know it I keep chugging along. Will you be at Edge 2012
Donna
Donna
I will be at the Edge... I WOULD NOT MISS IT FOR ANYTHING!!!!! I hope to see you there
Do not fear, for I am with you; do not be dismayed, for I am your God.I will strengthen you and help you; I will uphold you with my righteous right hand. Isaiah 41:10
http://realwholesaling.com FREE wholesaling tips and resources!
To your success,
Carol Stinson
AWESOME JOB! NICELY DONE! Congrats!
Jen
that is super wonderful : ): ) YAY!!!!! Congratulations Carol I am so happy for you: )
When you say thank you, you are telling the world that you want more. Say thank you every day! It will bring joy, and it will bring so much more.
www.virtue-investments.com
Out of curiosity, I was wondering how the deal was set up (specifically the mortgage that you placed for $25k)? Thanks!
Lenee
www.allstarhouses.com
~Act successful! And you'll draw it to you.~
~Every achievement, big or small, begins in your mind. It starts as a thought.~
Hi Carol,
WOW! Congratulations! Thanks for the MOTIVATION!!!
See you at the Edge 2012!
Cris
Way to think creatively.
I too would like very much to know how you put together the note and mortgage.
Can you show us when you have time please.
Thanks, Bryan
Think positive and make offers.
Great job.Stories like this keep us going. Can't wait to get my check. Thanks