This was a Fannie Mae REO that was overpriced, so
we waited until after the 2nd price reduction & the house was going to auction ... we made a couple of pre-bid offers, but were rejected. Then raised it another $ 1000 & it was presented to the bank, the beautiful part was that they stopped the auction while waiting for approval; the offer was accepted at 32,300 plus 2,500 buyer's premium, 34,800 total.
Here's what really awesome; we had a buyer that looked at 2 of our other houses, but had not sold her place yet ... received a call that she sold it to a cash buyer & was moving down to Florida in 2 weeks!
Jill & I did our 67th rehab; it needed paint, carpet, kitchen sink/faucet, light fixtures totaling about $ 5100. It also needed a new roof, that was $ 6100.

And “they” said that I would never do it! That it was just another one of those things that I started, and just never finished. A pie in the sky dream that would never ever, ever come true!! “They” never told me to my face, but you can read the eyes; if you know what I mean….

Today I got an awesome call I was not expecting on my latest deal that funded today, not the title company calling to say come pick up your check, not the buyer saying your check is at closing but the most unexpected call from my seller!! He says, "Kathy I just wanted to thank you for all you did and all your work, my wife and I really appreciate it and now I can retire that's all I ever wanted since I am 66, one less worry and you made that happen thank you so much and God Bless you"!

Just wrapped up my first deal and I'm on my way! After finally running out of excuses, I started working the 25:1 strategy and making offers on properties. After making 22 offers I got one accepted! Had an investor lined up who pulled out over some repair issues so I was left scrambling to get another (note to all: build that buyers list!. I only had identified 3-5 buyers so I didn't really have enough. (plus, in my haste to get a deal done, I offered a little too much on this property!... Live and learn!)

Hello DG family,
Well, do I have another story to tell you! Guess what, this one is also riddled with twists, turns, ups, downs and craziness too! I tell you; I attract these complicated deals! One of these days I'll post you an extremely boring deal. But, NOT THIS TIME!

My deal funded yesterday, recorded today, and is finalized on Monday. That is because this deal occurred in Los Angeles County, which has the 24 hour wait period between funding, recording and re-recording.

STOP trying to learn it ALL. You can't.

Find YOUR niche in RE:

Whether it be wholesaling, BDogging, SFH, car washes, laundrymats, apts, buy/hold, fix/flips, mobilehomes, billboards, etc,...PICK ONE.

Then learn ALL you can about JUST that!

You WILL avoid Info Overload and have a better chance at success in REI.

You CAN do it!

#3 to follow-stay tuned

Best wishes on YOUR REI journey,
Mike