OfflineI 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!!!
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My Journal- http://www.deangraziosi.com/real-estate-forums/investing-journals/86100/...
This was great. This sounds like it was a great journey to success with many lessons along the way. You are so right the information, inspiration and motivation from this site is the greatest. Hat off to ya!!
Wonderful news, can't wait until I am there with you sharing my success. Would you mind sharing how you structured your deal for that wonderful payoff!!
Kristen
That is GREAT profit! thanks for sharing your success gives us motivation, hoping to do my first deal very soon. On to the next deal! and hope you make the deals before July.
Thanks again, Robert.
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"
GREEAAATTT JOB!!!
Congratulations! YOU ARE ON YOUR WAY!!!
It is wonderful to hear that you have made your first success. Thanks for sharing it. It encourages me and I believe as well as others. I need a lift like that to propel me to take action. It also encourages me that it is possible.
Thanks again for sharing.
Brandon, Congrats on the first of many to come!!
Raymond
Congratulations on your first one. Keep em coming. It gets easier next time.
Cathy B
Follow my progress at:
http://www.deangraziosi.com/real-estate-forums/investing-journals/44397/...
Man when the going gets tough this is what keeps us going......
CONGRATULATIONS $$$$$$$$$$$$$$$$$$$$$$$$$$$$
Thank you all again!!! If you only knew how much encouragement this gives. To everyone that hasn't got your first deal yet, IT'S COMING!! DON'T GIVE UP, HAVE FAITH, AND KNOW THAT YOU CAN DO IT! Continually educate yourself with real estate knowledge, marketing knowledge, and whatever will help you learn more about investing. But most importantly, TAKE ACTION!!!
SUCCESS, HERE WE COME!!!!!
Detail deals coming soon
My Journal- http://www.deangraziosi.com/real-estate-forums/investing-journals/86100/...
That is so cool! Congratulations and keep up the good work
Was this a REO? Please give details
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.~
This deal was a REO. Majority of the details are in my journal, but I'll list basics here. If you want more info, please check out my journal or pm me. Here we go.
Purchase price: $7,000
Rehab: $10,000
Total= $17,000
Actual ARV= $45,000
Amount received from bank (75% of appraisal)= $33,750 - $2,684.71(closing)
Actual amount received= $31,065.29
My Journal- http://www.deangraziosi.com/real-estate-forums/investing-journals/86100/...
Great Job! I have beeng trying to do my first deal as well. I hope at some point in time I will have the same feeling as you experience. I have not been able to find a hard money lender to fun my first deal. I do find great deals but I lack the funding to pull them together. I do not know if it is because of my area I live in Massachussetts. Enjoy your success! you do have a great family to lean on the DG famiily! you will soon be hitting your goal keep up your the great work. I do not know if or when I could get my first deal. I do wish you all the success in the world!
Maria
Maria
"Thoughts create words, Words create actions, Actions creates dreams"
Way to go ! Doesn't that get you going when you get the check
Now go get the next one!
John and Julie Wakefield
JCW Properties, LLC
Thanks for sharing the information relevant to your transaction. You are on your way, all the best.
Sandra
"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.