25/1 = A $29,000 Check This Morning

I like that and so do you and your agent, Jimn

I LOVE IT! THANK YOU!

Wow, Michael amazing, nice to see the full potential yet to BE! This makes me so very happy and laughing out loud right now with big admiration for you!

Totally Awesome Michael!

Congratulations!

Whatever happened with the free website that was being offered in one of Dean's books? I never got one. Is the offer still valid? Pls PM me anyone on Staff who has a reply. Thanks.

WELL, that was SOME anti negative self-talk! Hope that helped US all empty our minds of NEGATIVE LIES so we can make up our minds to go in NEW directions! Join me in a Fast: Let's not read or watch the news for the next 3 days; just read Positive Affirmations for at least 3 days! THANKS Dean and Continued Success All!

Wow Michael! You are just prove that anyone can do this if we rid ourselves of the fear and just take action. I appreciate the positive posts. Thanks.

REI is such a great thing all around. The money is nice, the people you meet are great and the free time is awesome1

Thanks,
Michael

I've been watching you, your 1st will come soon, followed by many more!

You are welcome,
Michael

A good laugh is always a good thing. Keep up the good work on your end!

Thanks,
Michael

Thanks man!

Michael

What you say is so true. Over come the fear and take action is all you have to do!

Good Luck,
Michael

You know who is getting my vote for the next "send me away" contest.

Andy Sager
DG's AndyS
CFIC & IE member

Great job Michael. It's a win, win for everyone involved!

You crack me up! Let do some more deals!

Thanks,
Michael

It was really a win for my daughters college fund. She starts this weekend.

Michael

Congrats to you and Deb for KILLIN' it! What a pay-day!

I want to 'be like Mike when I grow up'! LOL!

I MUST get busy and start to implement this strategy!...gotta find the right agent. Need to diversify and I know the sky's the limit!

Can you give details about the deal.....that netted you $29,000 ?.......SWEET............btw....Congrats...... on your Daughter going to college.......

Regards,
Sharon

Just need a couple of more like Tumbleweed St.

Thanks,
Michael

Here was the deal.
MLS listed estate sale.
Offered $285,000, was listed for $369,000 in terrible condition
Needed $100,000 to $120,000 depending on the finish.
ARV $590,000 with a high end remodel.
They countered at $349,000 and stayed there around 3 months, I came up to $290,000 and they took it.
Sold it to my buyer for $319,000. It was still listed on the MLS for $369,000. My buyer was happy and asked, "How can you sell it to me for $50,000 less than it is listed for"?
This was an LLC transfer, single closing, buyer pays all closing costs. $29,000 to me.
I saw the property one time, maybe spent 15 minutes there, my agent did all the work, I just told him what to offer. I maybe have 4 hours into this including my time at closing yesterday.

Thanks,
Michael

Nice job. Very inspiring. I like seeing the details of a deal since it gives me a more detailed idea of how a deal is formed and what the numbers and terms are since each deal is unique. Thanks for sharing. I also like the part of your bio that says: first you like helping people.

with gratitude.

Talk about pipe lining a deal!!! Great job!!

Hope that the info helped!

Thanks,
Michael

Thanks,
Michael

Great work and thanks for sharing. Can you share with us what types of properties you decide to make an LLC and what your guidelines are?

Thanks,

Cam-

That's why they call you a "DG Superstar"!!
Congratulations!!

Wow, you rock! You are an amazing inspiration to everyone! I seem to have a lot more time into my deals and have found its easiest to have an inspection done and an ARV appraisal to show values. I need to work on that; but even with my agents making money, when they find out I'm wholesaling they are reluctant to close with me again; even making the money they're making. This last agent called me a 'seminar investor'. Turns out they are actually teaching agents to recognize these 'horrible seminar investors' here.

I've successfully closed 5 Southern CA wholesales this year myself totaling $139K alone (shared with other investors)and got myself my own first commercial property netting over $2800/mo alone; after failing at wholesaling in Southern CA for over 2 years; (with only 1 wholesale closing in those prior 2 years.) But I do have to say it gets easier with each one.

I want to encourage EVERYONE to KEEP ON TRYING. It is only through multiple 'failures' (ahhhem... learning experiences; every single one of them!) you reach success. SUCCESS IS ON THE OTHER SIDE OF FAILURE; so long as YOU DON'T GIVE UP! Wholesaling in the big crazy cities is NOT EASY; however it IS possible.

That is great and confirms my feelings that I need to work out of state. I am located in Southern California and the 1 in 25 is not working here right now due to the extremely low inventory.
Time to locate a new farm
Thanks,

I make all my offers in an LLC. If I can assign the contract I keep my LLC. If the contract is not assignable I sell the LLC

Michael

Thank you!

Michael