OfflineStill catching up, but this one did not happen until February 2012.
At the end of Dec 2011, I had worked soooooo diligently trying to close those first 5 deals that I did not take the time to place new offers, so guess what? No accepted offers in January. And I did not have the offering process on auto-pilot yet. I was still trying to understand the processes, still trying to ramp-down from working my other business 90 hrs a week and do this.
But, finally in Feb I got another offer accepted.
Hah! After putting bandit signs out 5 times in different places, we found a new spot and MAN! I got like 60 calls that week.
Gotta love it! One of the calls was from someone who wanted to buy/fix & sell.... I told them about this one deal I had locked up. They went to drive by it that day, they called me to show it the next day (that was a Friday) and Monday their brother wired the funds to escrow and we closed Tuesday. Phewf! Got 'er done by the skin of chinny chin chin.
"Ramsey"
REO
Listed at $44,900, locked it up at $30,700
Passed it to my newest buyer for $33,600. I know, not much, I could probably do better, but you have to feel your way around.... so I profited $2,900 and got reimbursed for the EMD.
Profit to date: Cash from wholesales- $13,300
Projected income with No Money of my Own! when the 2 rehab deals complete- $42,300
Thank you for visiting.
Never, Never, Never Quit, N3Q
"Nothing happens until you place an offer."
"Skip Deal #1, go straight to Deal #2; it's so much easier."
"There is nothing so useless as doing efficiently that which should not be done at all." — Peter F. Drucker... so, "Don't sweat the small stuff." -R.Carlson. "The greatest mistake you can make in life is to be continually fearing you will make one."~E.Hubbard, The Note Book, 1927...so, Do it for the right reason and "Do it with a headache!" - Dean Graziosi, Weekly Wisdom #176
With these numbers, didn't you make $5,900?
Karen
"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!"
I wish it was $5,900, but then again that would not have left enough meat on the bone!
You are right, I fixed my type-o it was flipped to the buyer at $33,600.
Good catch!
Never, Never, Never Quit, N3Q
"Nothing happens until you place an offer."
"Skip Deal #1, go straight to Deal #2; it's so much easier."
"There is nothing so useless as doing efficiently that which should not be done at all." — Peter F. Drucker... so, "Don't sweat the small stuff." -R.Carlson. "The greatest mistake you can make in life is to be continually fearing you will make one."~E.Hubbard, The Note Book, 1927...so, Do it for the right reason and "Do it with a headache!" - Dean Graziosi, Weekly Wisdom #176
This is awesome! Keep plugging away! You are making it happen! Baby profits are better than no profits at all!
It's always nice to meet and work with other investors. If you have houses, leads on houses, criteria from buyers you need houses for-- just let me know! We can team-up on deals!
It works if we work it!
-Tina
Never, Never, Never Quit, N3Q
"Nothing happens until you place an offer."
"Skip Deal #1, go straight to Deal #2; it's so much easier."
"There is nothing so useless as doing efficiently that which should not be done at all." — Peter F. Drucker... so, "Don't sweat the small stuff." -R.Carlson. "The greatest mistake you can make in life is to be continually fearing you will make one."~E.Hubbard, The Note Book, 1927...so, Do it for the right reason and "Do it with a headache!" - Dean Graziosi, Weekly Wisdom #176