Closed another wholesale deal this morning. Walked out with a $10,000 check. Got it off the MLS for $415,000, assigned the contract to my buyer for $425,000. August has been a pretty good month so far
$29,000 Wholesale fee. LLC transfer. 25/1
$9,600 Co-wholesale. Networking
$2,000 Co-wholesale. Networking
$5,000 Co-wholesale. Networking
$10,000 Wholesale fee, contract assignment. 25/1
Total so far in August - $53,600 closed and collected.
Got one under contract that does not close until Sept 23. Co-wholesale. $6,000. Networking
Grand total of $59,600. Not a bad month, maybe 20 hours total time in all 6 deals!
Every one of these was a zero money out of pocket deal. What Dean teaches is REAL and WORKS period.
Any questions? Read 30 Days to Real Estate Cash then read Be A Real Estate Millionaire.
STUDY Be A Real Estate Millionaire really, really hard. Then go back to 30 Days to Real Estate Cash and DO what it says step by step.
That's my advise on how to do what I am doing!! IT WORKS IF YOU DO!!
Good Luck,
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
If you know it won't work it won't. If you KNOW it will work it will. If some one kidnapped all of your loved ones and told you if you did not do a deal in 60 days that he would kill all your loved ones you would do WHATEVER it takes to do that deal. That is how you must approach this business if you want to make it work.
Good Luck,
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
good to hear your doing well. I have more multis on my radar so give me a call when you can.
whether you think you can or you think you can't, you're right.- Henry Ford
keep moving forward, rob
Hope as is well with you, Cecil and the rest of your family! Talk to you soon.
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Congratulations on a successful deal! I hope you have many, many more
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
Thank you! Hope all is well with you and your family!
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
I am so happy for you, I am in the process of reading and learning about Matt's 25/1 from Dean's 30 days to real estate cash. I am stuck because I have not gained the confidence to call the agents. I have tried in the past, but was rejected. I know I can do this, any pointers on how to get over the rejection?
Thanks in advance and congratulation again!!
"Miracles R Achieved When Believed"
'And the Lord Thy God Will Bring Thee into the Land Thy Fathers Possessed, and Thou Shall Possess it; and He Will do Thee Good, and Multiply Thee Above Thy Fathers," (Deuteronomy 30:5, King James Version)
'I can do ALL things through Christ which strengthens me!' (Philippians 4:13, King James Version)
FANTASTIC work !!!! You really have mastered your strategies !!
Congratulations on all you have accomplished .... Including this deal !! Something tells me this is just the beginning of much more to come !!!!!! AWESOME !!!!
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/...
One piece of advise when interviewing a new agent is to not mention the words wholesaling, contract assignment or double close. Just tell them YOU are the buyer and will close using your money, private or hard money or your investor partners money. Present yourself as a professional.
Good luck,
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Thanks and hope to see you again in the near future!
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Thanks again for the valuable information. I will use it and let you know how things went.
"Miracles R Achieved When Believed"
'And the Lord Thy God Will Bring Thee into the Land Thy Fathers Possessed, and Thou Shall Possess it; and He Will do Thee Good, and Multiply Thee Above Thy Fathers," (Deuteronomy 30:5, King James Version)
'I can do ALL things through Christ which strengthens me!' (Philippians 4:13, King James Version)
Michael, please keep posting your deals because they're so inspirational! It allows us to see what's possible.
And I love your straightforward advice - reminds me of this quote from Tony Robbins: "People say I have no time but that's such a lie...you can't lie to yourself and expect to have the truth be a part of your life and have success that comes from the truth."
You gotta beat your August numbers this month!
Real Estate Investor, if you would like the chance to work with me in the US East Coast, send me a PM (Private Message) anytime to see if we are a good fit for each other.
Wishing you abundance,
Ken Siew
Awesome!!!......absolutely awesome....these are the posts that inspire me to keep going!! Thanks!!
Beakman18
Good luck,
Michael
YOU are buying the property (get under contract).
YOUR exit strategy is NO concern!!!
ANYONE Can DO this ... Education is KEY.
LEARN-STUDY.
As Jay said above, "MASTER the strategy", then move to next or not.
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
$29,000 Wholesale fee. LLC transfer. 25/1
$9,600 Co-wholesale. Networking
$2,000 Co-wholesale. Networking
$5,000 Co-wholesale. Networking
$10,000 Wholesale fee, contract assignment. 25/1
Total so far in August - $53,600 closed and collected.
Got one under contract that does not close until Sept 23. Co-wholesale. $6,000. Networking
Grand total of $59,600. Not a bad month, maybe 20 hours total time in all 6 deals!
Every one of these was a zero money out of pocket deal. What Dean teaches is REAL and WORKS period.
Any questions? Read 30 Days to Real Estate Cash then read Be A Real Estate Millionaire.
STUDY Be A Real Estate Millionaire really, really hard. Then go back to 30 Days to Real Estate Cash and DO what it says step by step.
That's my advise on how to do what I am doing!! IT WORKS IF YOU DO!!
Good Luck,
Michael
YOU, like other Succesful REI's, have INDEED Earned this Very Rewarding Life.
ONLY by Learning and Committment!!!!!!!!
CONGRATS!
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
Thanks, I'm a 1/4 of the way there as of today.
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
You can do this!
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
And PERSISTENCE!
Thanks again,
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
awesome work guys, i would love to catch up to yall, but im just beginning my venture, i will follow yall but if you have some pointers i will soak them up, thank you again.
One pointer is to read 30 Days to Real Estate Cash if you have not already done so.
Good Luck,
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Michael,
What kind of buyers are you working with on these deals? Are they professionals that have money they are trying to park. Are they other investors looking to buy fix and sell. It is a hedge fund buying these?
Just like Matt has said, Anything can be fixed with more buyers.
Thanks
Mikessler
I always say Keep Moving Forward! Never Give Up On Your Dreams!
As Matt Larsen says "Feed the Need" - Edge 2013
Follow my daily investing journal and read about the deals I've done and am working on at:
http://www.deangraziosi.com/real-estate-forums/investing-journals/117493...
90% of my buyers are fix/flip guys. The other 10% are buy and hold guys. No hedge fund buyers yet, although a couple of my flippers have a huge amount of money available to them. None of my big buyers use much of their own money. They have PM lenders and commercial loans available to them.
Matt is right! Never stop adding buyers to your list!
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site