It has not been 30 days since the EDGE and we have done 6 deals with three others waiting to close!

Total NET profit so far since EDGE 2014 = $30,500.

We closed a lease option deal 2 weeks before the EDGE and cleared $53,000. So the last 6 weeks have been OK!

Wholesaling and doing L/Os just like Dean teaches. Even in a very competitive market. Multiple offers, highest and best, selling over list etc. etc. blah, blah, blah!
25 to 1 works when done the way Dean teaches.

YOU can do this!!

Michael

Detroit’s Auctions Begin with a $34,100 Sale
Detroit is beginning to auction off houses, and one open house saw more than 2,000 visitors. All bids start at $1,000. The first sale saw 88 bids and the home sold for $34,100.

Mortgage Rates Hit 2014 Low
Mortgage interest rates hit a 2014 low this week, with 30-year rates down from 4.29% to 4.21%. The 15-year rate hit 3.32%.

Pushing for Fannie Mae and Freddie Mac Wind Down
A Treasury official cites widespread support for winding down Fannie and Feddie. This is despite the fact that most of the same people see the possibility of anything happening in the Senate as remote.

There's no denying finding the right real estate agent to work with (and who will stick with you until the deals start closing) can be a challenge! You know we generally look for agents who work with other investors. This often works great, but not always.

Real estate investors who are speaking to others about the business sometimes are helping them to see the value of rental property investing. This is especially true if you’re wholesaling and constantly canvassing for investor buyers. Some are even giving seminars or webinars to interested parties considering real estate investment.
When the subject of risk comes up, some of these would-be investors may be very cautious. They may have significant money in savings accounts, certificates of deposit, and in sedate dividend-paying stocks. If we consider savings accounts and certificates of deposit as something less than “investing,” then we can help these people to make decisions about moving assets from these very low return asset categories into real estate.

I have a good memory and I often reflect to where I started so I never forget where I came from. It is fun and educational to reflect on our own personal growth and education through the years with Dean. When I was in corporate America, Dean appeared late night on television like so many others had first saw him. I had a great job and a great career and made very good money but I felt as though I had reached the pinnacle of my career in Accounting but I still hungered for something more.

Purchased for $46,500

Private Money $33,000
Seller 2nd $13,500

My money $0

Monthly Cashflow $350

The property was completely rehabbed 3 years ago and is in great shape. It has a long term tenant of 7 years and she loves the home.

I'm amazed I just closed this deal. The seller was a really great lady that had was really motivated to sell her home. The deal came to me from a referral and over a course of 2 months we worked on closing it. I couldn't get conventional financing on it, I have too many properties, so the only way I could close it was with private funding. I sent the deal out to my lenders and I had one of them bit on it.