How did I find this deal? Driving for dollars that's how. Just like Dean teaches in his books, I was driving one of the areas I work. Up one street and down the next. Looking for FSBO signs and for rent signs. This is a very hot area where a lot of scrapes, pop tops and full remodels are taking place.

I see these THREE houses in a row with for rent signs. I call and ask if he wants to sell. He says Yes! I get all three properties under contract for $788,500. I was hoping to assign the deal for $838,500 but my buyer talked me into $825,000. With a non refundable earnest money (certified funds) check of $45,000!! Oh well, I made $36,500 instead of $50,000.

Took the two contracts and earnest money to my title company. Closing is set for May 14th.

Today, we just closed on our second Quadplex! This baby is second and located Next to another Quad we closed early this year. Both were REOs and bought them for 50% off market value. We paid $20K per quad. We almost own the whole block with the two Quadplexes and large parking area. Another great piece of investment. We are rehabbing this one and look forward to $400 / month / unit. Very exciting on what's going on, and indeed this is our chance to get real estate for pennies on a dollar.

We just received our biggest payday to date! Over the past few years I have been writing about our Ohio house. It has been our biggest project. We didn't put this deal in our company we kept it to ourselves.
Dan and I rehabbed it by ourselves. Then put a tenant buyer in the home. 15 months later it has closed!!!!!!!!!!!!!!!!!! Woo Hooooo!!
Our PML is paid off! Dan and I received a check for $37584.22 This is such a finacial relief!
WE didn't believe our TB would ever close. Dan and I helped her along and we got it done.
Our contract withour PML ended in January. We got a 6 month extention and helped our TB find financing. It was financed as a refi not a purchase. So we are still carrying a second on the house
So here are the numbers;

An article this week at Fortune.com, titled The one number to watch for a housing recovery, speaks to the reliance on home prices to try and call a market turn. In the last few months, many economists have concluded that the housing market may indeed have turned and is in a healing mode. Many would doubt this, especially if they’re using home sale prices as the indicator of a market trend change.

Got the check in the mail Saturday. Wrote an offering check to my church for $1100 and deposited the check this morning. $11,270 and I am still an equity partner in the deal!!!!

This was the acquisition fee from my private money partner on a major flip that we are partnering on. I am using my self directed IRA to fund part of the deal and am expecting to make 125% return on that part of the deal. Merrel/Lynch eat your heart out!! Should make another $40,000 in cash from the management part of the deal!!

REI just keeps getting better and better. Working on a three house deal from a tired landlord. Should have it under contract today. Have several buyers lined up. Will net $50,000 on this one if all goes well!

Thanks Dean!

Michael Mangham
Mentoring/Team Building Nationwide