Just got a property under contract that I have been working on with a private seller (FSBO) for over 2 months.
He started at $249,000, I ended up getting it under contract for $190,000. Assigned the contract to one of my buyers, made one phone call, gave her the lock box. She called me back 3 hours later and took the property for $195,000. Contracts and earnest delivered to the title company, we close on the 22nd.
Numbers are as follows:
ARV $425,000
Rehab/remodel $130,000
Purchase price $195,000
Commissions, closing/ holding expenses $38,250
Net profit to my buyer $61,750, an 18% ROI. This leaves some room if she has to drop the price or make any seller concessions at closing OR has any cost over runs.

There are never enough hours in the day. Time moves so fast and it is true as we look at the calendar and year 2011 is almost half over already. We are all busy but it is so true that we all make time for what we want to make time for.

When I commuted to work on the train this was a great time to get things done. If we read at least one chapter a day how long would it really take to read or re-read Dean's books?

If you plan your time wisely you can get reults. So the questions is where do you read Dean's books? At home, work, on a plane or train, on vacation or in the yard.

Share where you read and one of the best tips from the book that you have or will apply.

You can make it happen! Carpe Diem! :0) - Stacey

Funny thing happened the other day when I was having fun in sunny Florida. While sitting at the pool enjoying the rays, a drink, and some well deserved R&R.

My little guy was in the pool and said "MOM that guy over there is reading a Dean Graziosi book." I then yelled out "which one is he reading?" My little guy said, "the black book cover." He then went on to yell in the pool "Dean Graziosi, Dean Graziosi, he rocks! Dean Graziosi, Dean Graziosi he rocks!."

I always say, you make time for what you want to make time for. This person was probably on vacation sitting by the pool and instead of just looking around, he choose to take the time and learn a lot about Real Estate by reading Dean's book.

Dropped off a signed contract on the sale of another property today. This was the house we originally bought in 2007, remodeled it & sold it for 92K.
While researching "Probates" on the county clerk's
website, we noticed that owner passed away, so we contacted the personal rep. to see if they wanted to sell, they did & we made an offer of 27K...they accepted. They had us clean out the property, so we had a estate sale & made about 2K. We also received and $ 800 credit on the HUD for a fence repair due to a storm prior to closing.
We sold it for 35K, making $ 10,800 profit ... but best of all there were some collectibles left in the attic that may just give us 4 times the profit once everything is sold.