Hi DG Fam

Just want to keep u posted on 2012 progres, So far im averaging 1 - 2 deals a month. All of them have been through mls reo. I just got one today that the bank is giving me a 30 day inspection period. Now that is what I call a motivated seller

Never give up. Keep pushing forward, I promise you that it gets so easy after a while

Just closed on a L/O and the seller gave us a check for $24,000 to take over the property. We are L/Oing it for 10 years and when we exercise our option we will pay whatever is owed on the house only.

We are planning to option it with a $4K option fee and should cash flow $175/mo.

Out of the $24,000 we will paint, put in new carpet, landscape and do a few repairs that should all come to about $5,000.

This is really FUN!!!

Karen

At the Edge Event, Dean said that he had noticed that there are a lot of women getting deals done... and went on to say that 'the girls are kicking butt'!

Sooo, I thought maybe us Ladies could start a thread to see how many active women the DG family has, who following in the footsteps of Carol, Rina, Laura, Gena, Andrea, Jen, Tammy, are out there, taking action!

Come on Girls, let's continue getting those deals done!

While everyone was at the EDGE having fun and getting motivated I was working RE hard. Put together two awesome deals here in Colorado. While my teams across the nation are making multiple offers!!

1. 6 Townhouses that are 80% complete. Developer went broke. Got this bank owned property under contract for $1,650,000. This property is in the LODO district of down town Denver. Can see Coors field from the roof top decks! I have 2 contracts on my desk as we speak for my full asking price of $1,790,000. Waiting on 2 more possible offers before I sign one of them. One offer may be coming in from a fellow DGer!
These properties have an ARV of $3,300,000. They need $500,000 to complete construction. The dry double close will take place before the end of May.

I dont typically post until the deal is actually closed. During the edge, we mentioned a little about a deal we were closing this week! well... it finally closed today and still made about $9K! We bought this property for $43K and sold for $112K, and after repairs and closing cost, commissions, etc, etc, we still came out with $9K in our pocket. With this property, we did some massive repairs! from structural, french drain, framing, you name it! The lot was worth pretty much the price we paid for, but the property had so much potential that we took our chances here. It even had a Basement which is not typical in our area and over 0.75 acres lot size. We had to do some electrical work to bring this property to code in addition to plumbing, drain and others.

Dearest DG Family,

HI!!!!!!!!!!! Oh my gosh, I am so totally overwhelmed! I want to take this moment to say THANK YOU to EVERYONE who voted for me. I was truly surprised! And, I realize YOU believe in me more than *I* do!

You see, all the contestants found out about being a finalist in the contest about 2 weeks after I posted the Essay Contest (a separate contest run exclusively by the DG family here on the website), and I know I speak for so many of the contestants that it was a REALLLLLLLLLLLYYYYYYY long wait!