OfflineWhat is 1/2 a deal? That is the property that I signed the contract on today. It is only 1/2 a deal because I have not sold it yet!! I paid a little more than I like to, but I think I will be OK.
Paid $77,000 68% Of ARV including remodel costs
Needs $25,000 remodel
ARV is $150,000
Buy price $85,000 73% of ARV including remodel costs.
I gave this deal to a new investor off the DG site here in Colorado and gave him 24 hours to find a buyer. I will pay him $1500 if he can produce, that's enough to count as one of his 5 success academy refund deals. We will see. Saturday night I will make a few calls and get the thing sold if I need to.
It's an REO so I will make around $6400 after my TF costs.
Deal number 8, Quick and easy, supplied a buyer for one of my realtor/investor's properties. $1250 bird dog fee. No risk, 0 money deal.
Need to average 3.8 deals a month the rest of 2011 to hit my 40 deal goal for 2011. Unless I get a couple more in March that will lower that average!
Michael Mangham
MD Home Acquisitions LLC
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 have some things in the works, not letting any info out until the details are final. Keep an eye on my profile.
Click Here To Buy Deans New Book!!! http://www.lanemccaw.bookimentioned.com/b/
Visit my website:http://qchomebuyers.weebly.com/
Visit My Facebook Page: http://www.facebook.com/#!/qchomebuyer
Visit My Linkedin Page: http://www.linkedin.com/pub/the-1-fast-ca-h-home-buyer-in-the-qc/28/b79/...
"In order for me to think outside the box, that would require me to acknowledge that the box actually exists. In my world, there is no box."
~Matt Larson~
I forgot to mention that what I do I learned from Deans books and the success academy. Folks, all the info is there! Read, study, read, study, take action! I never posted here crying help me, help me! I took what Dean teaches and took action, in fact I did not post on this site until after I had my first deal!
Like Deans says, I got out of my comfort zone, went to every REI meeting I could and met people that are actually doing this business. Face to face!! Met with realtors, looked at properties with contractors, inspectors etc.
Do what Dean and the academy teaches and you WILL do deals!!!
Michael Mangham
MD Home Acquisitions LLC
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
Great job Michael anytime you don't have to pay out of your pocket is a deal.
http://kendrickpropertymanagement.com/
http://rochesterapartmentrentals.com/?page_id=10
Great job Michael! Way to break the ground in 2011, looking forward to much more success. Congrats again!
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.~
Thanks for the good words!
Michael Mangham
MD Home Acquisitions LLC
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
Sounds like you're on fire. I hope you crush your goal this year.
Sometimes i'm unsure. Then i read your post thanks.
Good job thats the way to getter done Michael. Happy for you and thanks for helping a DGer.
Steve.
Steve and Veronica
Steve and Veronica's Journal.
http://www.deangraziosi.com/real-estate-forums/investing-journals/58073/...
http://www.deangraziosi.com/real-estate-forums/totally-fulfilled/72344/d...
I hope the deals work out for you guys, though.
Paid $77,000 68% Of ARV including remodel costs
Needs $25,000 remodel
ARV is $150,000
Buy price $85,000 73% of ARV including remodel costs.
I gave this deal to a new investor off the DG site here in Colorado and gave him 24 hours to find a buyer. I will pay him $1500 if he can produce, that's enough to count as one of his 5 success academy refund deals. We will see. Saturday night I will make a few calls and get the thing sold if I need to.
It's an REO so I will make around $6400 after my TF costs.
Deal number 8, Quick and easy, supplied a buyer for one of my realtor/investor's properties. $1250 bird dog fee. No risk, 0 money deal.
Need to average 3.8 deals a month the rest of 2011 to hit my 40 deal goal for 2011. Unless I get a couple more in March that will lower that average!
Michael Mangham
MD Home Acquisitions LLC
This is awesome!
You WILL make your 40! I have no doubts!
"You're never too old to be what you were meant to be!"
www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...
"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"