OfflineHello DG Family,
Well, I wanted to make an effort to get here to this site much more frequently. But, sadly that hasn't happened. I've been working on a deal for the past 11 months that finally has come to fruition. You know me..., its one of Tammy's crazy deals! A short sale with 2 loans that's a divorce with IRS and other liens. Yes, I attract the problem properties, don't I? But I'm not complaining. 
I AM A PROBLEM SOLVER after all. And this one, I left in other's hands to resolve the problems while I worked on a few other deals.
Purchasing this one for $645,000. Paying some 'creative fees of $12,500 and $12,900 and a finder fee of $5,000. Rehab will be about $150,000. Holding costs are $15,000. So, that's approximately $840K to acquire and rehab this property. Then it will be about $56K in realtor fees. Mind, NONE, NONE, NONE of my own money!!! ARV? $1.4M! That leaves a profit of $500K. My money partner gets half of that. This is the 3rd deal I've done with this particular partner. He's quite a happy camper. So am I 
This one required some creativity to make it happen. I'm keeping it and rehabbing it; although I did have a buyer and could have wholesaled it for $75,000. Its in the SAME city my $100,000 wholesale deal was in; which happens to be the city I live in. After doing a rehab in the mountains, I REALLLLY value a property close by that I can keep an eye on. This one is already funded. There's just a waiting period until tomorrow to record.
My strategies and goals this year have changed to that of 'less stress' and time with the family. Therefore, I'll only do deals that make over $100K and I'm liquidating some of my buy and holds to buy a whole bunch of buy and holds in other parts of the country utilizing full service wholesalers. I'll need a few more months to get into THAT part of my goals. 
But my goal is 75 out of state properties by next year's EDGE. I'm also going to do some wholesaling with a different partner, and working with another partner on a training program specifically geared towards Southern CA investing.
So, if you don't think YOU can do it, think again. If you know a little of my story, by rights, there's no way I should be doing ANY deals, right? LOL I laugh and snicker on the inside about that type of sentiment. I'm making it happen and nothing and nobody is stopping me, God willing. 
YOU ARE THE CREATOR OF YOUR OWN DESTINY!
~Tammy
It is CERTAIN I will succeed to my next level! Oh YEAH!!!
PS: Also on a health journey, I'm down to 23.7% bodyfat from almost 47% at the start of my real estate journey. I've lost 69 lbs. There's nothing like the confidence investing in yourself can bring!!!! Thanks Dean, for EVERYTHING!!! You are still my hero (after my dad of course )
Tammy I love this and it gets me excited even more! Congratulations you deserve it and it's clear your 100% focus driven, I hope you hit both your goals quicker then expected
Watch your thoughts, for they become words.
Watch your words, for they become actions.
Watch your actions, for they become habits.
Watch your habits, for they become character.
Watch your character, for it becomes your destiny.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Our Heart's Desire must be nurtured by our mind,to give birth to common sense, that will enable us to seek out the path less traveled, with the greatest Personal Growth. -J.R.-
I love your signature.
I see you are also in a very big city. What are you focusing on for your real estate right now?
~Tammy
Just BELIEVE and CONCEIVE and you WILL ACHIEVE! But you HAVE to BELIEVE!!!!
Tammy I am so stubborn it's annoying.... And I am a stickler for the law and rules, I finally cleared my LLC so I have my name, my EIN and I will be finalizing it but first a vacation (13 years over due) I saw in my real estate school (renewing my realtor's license and saw a group that focuses on Reo's) so I will be journeying on that initially and fsbo's with price reductions is my idea.... Just have to finalize my website.....
Watch your thoughts, for they become words.
Watch your words, for they become actions.
Watch your actions, for they become habits.
Watch your habits, for they become character.
Watch your character, for it becomes your destiny.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Our Heart's Desire must be nurtured by our mind,to give birth to common sense, that will enable us to seek out the path less traveled, with the greatest Personal Growth. -J.R.-
You go girl, consider me your junior partner in san diego I am refocusing my energies on So Cal to make bigger profits! You know I have done 3 deals in KC & 1 in Sd & now my confidence is up now to do deals here in So Cal. that is the type of profits I am going to make! I would have prob wholesaled the deal cuz I'm not at your level yet but I will be girl!
God bless you I know you have been going thru stuff like me personally & am praying for you and me
So gettin busy here in So Cal. talk soon.
Tony
Go faster do more! GFDM!
I'm a Southern California investor. I'm also a cash buyer. Let me know if you want to work together. I think you know me, but I'll remind you again.
P.S. - Everything else is immaterial, irrelevant, and unnecessary.
Did you have someone negotiate the short sale with the bank? How much of a hit did the second mortgage take?
Did you have someone negotiate the short sale with the bank? How much of a hit did the second mortgage take?
Wow Tammy! This is Mark here, the long haired dude that sat next to you at your breakout session at The EDGE... Thanks for that, it was super informative and you and Donna were awesome, I learned a ton!
You are amazing, an inspiration to all of us both professionally and personally... congrats on the weight loss goal, you look A-MAZING already!!!
I can't wait til EDGE 2015 (297 days left!) we are going to have amazing stories to share with each other!
Mark
Great job on landing that deal and keeping faith in making the deal happen. I'm starting to think, even from my last couple of deals I did myself. The more complicated a deal may seem the more nobody else wants to pursuit that deal but those deals are the ones that makes you the most money. I had a couple of wholesale deals myself that took months to close, but the payout was worth the wait. Good luck on your new goals
Reynold Orozco
Go Tammy, Go!!! I clearly misread your post and apparently didn't see 2 other 0's to the left of the comma
Big congrats to you! You def have come a long way and deserve every bit of it. Your journey is just so inspiring 
May God continue to bless you greatly! One question...how did you originally line your money partner up? Was a buyer turned partner? Thanks for sharing!
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.~
Getting things set up and building your foundation is crucial. But don't forget to build your buyers list. Even in the initial stages, do some of the real estate related items. It's never too early to start building relationships with buyers.
Hi Tony,
You have done so well! Getting the first deal done is always the toughest. Each and every successive one builds the confidence! Glad to hear you are making it happen!
Great to reconnect. I will be getting a lot of deals very soon! We should catch up sometime! Hope you are having an amazing day!
-Tammy
The second took a hit of about $225,000. The first is paying the second $13,000.
-Tammy
Pd the negotiator a lot!
I'm glad the breakout session had value to you! It was great to meet you and talk about property managing.
. Thank you for the kind words. I'm even more cut than I was at the Edge now 
. 297days! I better get moving on getting some of these sales done! 
-Tammy
You are amazing, an inspiration to all of us both professionally and personally... congrats on the weight loss goal, you look A-MAZING already!!!
I can't wait til EDGE 2015 (297 days left!) we are going to have amazing stories to share with each other!
Mark
Good going Tammy, I am not stubborn!!!!!! just a lot of stick to it and patience and determination, eye on the prize , sincerely, Jim ( send me your ph.# please)
jbischoff
Tammy so cool. Share with us what you are going to reward yourself with! Big hug.
cb&cb
That's what you call the BIGGGGGG Whopping Deal. Congrats and hope you continue on your journey of success. Please keep us posted especially us newbies who needed some push every now and then.
I'm in Southern California as well and have done all that the Dean has in his 30 days ... book and still looking for my first deal. It seems like every 3 months, I have to do a recalculation of the offers I'm making since the market turns quickly. The deals are out there, just need to find them.
By the way, I have a couple of "Luxury" buyers who's been very anxious to get fed. If you have some "bones" left over, I will be more than happy to partner with you.
Again congrats and more power to you.
Dan
Much success to you. Let me know if we can work together.
P.S. - Everything else is immaterial, irrelevant, and unnecessary.
Great job on the goal change. It hits all of us sooner or later. Roberta told me you talked awhile back. If you need anything just yell. Keep your head high because YOU deserve it and earned it..
Not having a goal is worse than not setting one..
http://www.deangraziosi.com/real-estate-forums/investing-journals/92139/... -
http://www.deansmedia.com/play.php?vid=266
Congratulations! Thanks for the reminder to review our goals regularly and upgrade!
Congrats Tammy. You visualized it, focused, and followed through. I'm excited just hearing about your great success. It is a source of encouragement to me. Thanks for posting it.
"Have I not commanded you? Be strong and courageous! Do not tremble or be dismayed, for the LORD your God is with you wherever you go.” Joshua 1:9
wow lady you go....... gives us all hope....
Yes-! Finally got that 1st one out of the way.
Number 2 is a done deal as well,.
I'm working on number 3 and 4 now,.
Wish me well.,.
Romaluv22
Signing Out-!!
I have finally made up my mind to take control of my own Mind and Destiny. I am confident with the Faith in My Higher Power, I will Achieve what I Believe., In His Mighty Name, AMEN!
FOLLOW//LIKE ME AT:
http://www.wholesalemnhomes.com/
http://www.sellyourmnhomefast.com/
www.linkedin.com/pub/ronda-love/52/525/655
https://www.facebook.com/minnesotawholesalehomes?ref=bookmarks
https://twitter.com/lovr_l
Hi Ray,
These deals definitely take time, but the effort I had to put on this one was minimal because I had someone else do it. It was just a matter of stick to it ness and not always knowing if the deal was going to go through or not. But you keep yourself working on a few of them, 3 may not work out, but the one that does... Bam!!!!
Never give up, see the potential out of the problem!
~Tammy
Congratulations AND I know you will do GREAT in the new direction you have taken!!
On to the next one!!
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
Yeah, those zeroes make a huge difference
Remember, I had no idea how I was going to close that deal (which was $975k plus $475k rehab ). I had to be confident, act as if I'd already gotten an investor. I believed and conceived myself into achieving.
Believe and Conceive until you achieve!!
~Tammy
My phone number is still the same; but my email has changed. If you goto my website you'll see all my information.
~Tammy
I'm not sure, but I have a place to stay now should I need to get away and get out of a really bad situation on the homefront.
~Tammy
I'm in Southern California as well and have done all that the Dean has in his 30 days ... book and still looking for my first deal. It seems like every 3 months, I have to do a recalculation of the offers I'm making since the market turns quickly. The deals are out there, just need to find them.
By the way, I have a couple of "Luxury" buyers who's been very anxious to get fed. If you have some "bones" left over, I will be more than happy to partner with you.
Again congrats and more power to you.
Dan
Dan, out here in Southern California, there's A LOT of tweaking to the material that needs to be done to get it to work. While the basic principles are the same, things need to be done quite differently out here. It took me 3 years of tweaking to get the right formula out here.
~Tammy