OfflineIt's only an assignment/wholesale deal, but it's great money for a 19 year old college kid! I'm so excited right now it's insane! I can't say I owe it all to Dean, but wait, I do! Getting me started could have changed my future!
Details of my first deal:
Met with the seller to check out a rehab home on the Southeast side of the city. Before we went my partner and I checked how much it would be worth and what we thought we could offer. We decided the home is worth approximately $71,000. Give or take a bit. The home has some work to be done because it has slight fire damage from earlier this month when the renter forgot to open the screen in the fireplace. Next thing you know, fire! Well we met with the seller today and got the home under contract for $30,000 at noon today. By 3 P.M. we had an offer of $31,000, but we also got a call today that seems to want to offer 33k. We think we could possibly get more because of the equity; however, we may just want to take $3,000 away from the table and call it a successful first deal! Wow this is a great feeling! I can't wait to begin investing full time!
Success and Nothing Less!
I'm 19 as well, it is good to see other young investors. Congrats on your first deal! Great job for you and your partner! I'm sure this is just the beginning of many deals for you. Please post more if you have any other offers, and when everything is finalized. Much success to you!
Jeremy
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams
Bruce Springsteen
I'm a big fan of your journal, and I'm happy to see you are getting it done!! Congratulations, take the money and run.
Cathy
Cathy B
Follow my progress at:
http://www.deangraziosi.com/real-estate-forums/investing-journals/44397/...
CONGRATULATIONS on your first deal! I follow your journal and was happy to see this post. I wish you much success and look forward to hearing how this progresses.
Lea
SPR Property Solutions, LLC
I think that's a great first deal. They always say the first one is the hardest. And I only wish I was 19 again, LOL. I think it's awesome at such a young age to get into this business and know it's an avenue of the highly successful. I wish you the best and look forward to hearing more great deals from you.
Cathy
Congratulations sounds like an exciting deal.
Love and Laughter make the world a better place.
Congrats young guy and thanks for making me feel old at 29, JK. Put it on Craigslist and watch your phone ring like it did for my first deal. I would be happy with $3000(that was my first deal)but never settle for less if you can get more. Keep it up.
MARTIN
FAILURE IS NOT AN OPTION!
I WILL NOT BE POOR ANYMORE!
Way to do business. 3k is cool. Use some of that cash to boost your marketing and now you are way motivated to seek more deals and they will to you so go get em man. First deal in the books. On to the next one.
I got my mind made up.....
www.Kingjussinvestors.com
www.jussinvestors.com (buyers site)
Congratulations on your first.I wish i had started at 19.good luck on all your deals!!!
"Every failure brings with it the seed of an equivalent success"
Napoleon Hill
http://www.deangraziosi.com/real-estate-forums/investing-journals/42379/...
Mike
Kalamazoo,MI
Congratulations on your first deal. Its great to hear you were able to get this deal. The first one can sometimes be the most difficult, so I am sure there are a lot more to follow. Also, think of all the great information you have learned along the way. Good luck on all your future real estate deals. Believe and Achieve!
- Joe
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Joe Jurek CPA
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Congratulations on your first deal; and hopefully many more to come. Way to keep it and be patient over the month time frame. Let us know how this deal completes out for you....
JER 29:11 Thoughts of Hope; thoughts of a blessed Future
Good Job Luke!!!
Can you teach us by sharing a lil more detail?
Did they accept you first offer? Did you negotiate some? Did they make a numerical offer first? When you went to view the house how'd it go?
How did you find this property in the first place?
Scott
Join my REI group SouthCentralTexas ALL active motivated gogetters welcome Your location is not important.
http://www.deangraziosi.com/og/all?filter0=SouthCentralTexas
You can lead a horse to water but you can't force him to accept money.
-One Step Closer
Great going on your first deal. Hey a deal is a deal. 3k not bad work for 1 day in the trenches. Much success to you and your partner on many more to come...Jan