OfflineHey everyone, I wanted to stop in and give an update on my recent flipping success. This is where I'm at as of this week...
I have two properties cashing out on the 23rd of this month. house one should profit approx. $23,000. House two should be approx. $20,000.
I have another that is set to close and cash out on April 19th, it should be roughly $28,000.
The fourth I am currently working on with about a week and a half to go, but I already have buyers that are ready to sign a purchase agreement and they are not fha, and they want to close by the end of April... this one should profit approx. $20,000.
The fifth one I haven't even closed on yet, but my realtor brought a couple through there over the weekend and they want to sign a purchase agreement asap and they are cash buyers. This one should be a whopping profit of approx. $35,000.
The sixth property is under current rehab, my realtor may have someone interested and once sold it should profit for approx. $30,000.
That is a total of more than $150,000 people! oh, and my partner bought me out of my rentals for another $40,000. Almost $200,000 and the year isn't even half over!
This is for real my newbie friends, if you desire it bad enough and act on it you will be truly amazed what will happen.
Absolutely astonishing bro, much props to ya!! Keep at it!
For sharing your success and spurring us on!
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
Was these houses Foreclosure?
tell us the details!!!!!
"Don't tell me I can't, Tell me how I can."
Great Job giving me hope!
NEVER GIVE UP
You are my hero - I am assuming that your flipping is assignments??? I am having a difficult time getting sellers to accept the clause of assigments here in Utah....what's your secret???
I started to wonder where you had been?? Way to go and show others how it CAN be done
I'm like Donna, do tell the details. When you say cash out, do you mean you had tenant buyers in them and they are at the purchase point?
Thanks again for sharing your story!
Lenee
www.allstarhouses.com
~Act successful! And you'll draw it to you.~
~Every achievement, big or small, begins in your mind. It starts as a thought.~
Congrats, man! If you're clearing $20-40K rapid-fire style, that's fantastic! Probably not done through assignments - I'm guessing straight up flips that cashed out, right? You need a high value place with ALOT of profit margin (and most likely a non-investor buyer) to clear $20K by just signing the place over without doing any work to it. Can't wait to hear all the details - great job!
Paul: "I must not fear. Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when my fear is gone I will turn and face fear's path, and only I will remain."
Duke Leto: "I'll miss the sea, but a person needs new experiences. They jar something deep inside, allowing him to grow. Without change something sleeps inside us, and seldom awakens. The sleeper must awaken." - "Dune."
That is FANTASTIC!
Tell us more!
Karen
"You're never too old to be what you were meant to be!"
www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...
"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"
Mark,
congratulations!! Are you fixing and flipping them? From your post, you're currently rehabbing two properties at the same time? and you finished another two also at the same time?
thanks for sharing,
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
Congrats Mark, way to go!!
Mark has been a DGer for LESS than 2 1/2 yrs and LOOK at how HE is TAKING ACTION!!!!!
YOU can TOO
CONGRATS Mark!!
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
God Bless You Guys!!!!!!!!!!! Have fun getting rich!!!!
And here I thought aiming for a modest $10K my first 3 months was something-now I know I can shoot even higher!
After hearing this, ANYTHING is possible!
Congrats!! How are you going to celebrate??
Woukd you be so kind to give us the details? Thanks in advance
Mark, that is AMAZING!! Congratulations!
Teresa
College Station, TX
**********************************************************************************
"Declare that you will prosper despite every difficulty that may come your way. Don't just survive; thrive!"
-Joel Osteen
wow that sounds inspiring. what was your target FSBO? REO? Foreclosure? and what is your marketing campaign consist of? this makes me feel very positive about what i can do. Thanks
Sounds like you have your pipeline full ,would love to here more blessings
Please share the details.
Great job! The deals are all over the place.
Congrats on your success, would love to chat for 15 minutes and hear more about how you accomplished this. Thanks!
Real Estate Investor~Freedom Watch,LLC
www.youlistwebuy.com
Short Sales & Commercial Funding Consultant
Kingdom Builders Financial Group
www.kingdombuildersfinancial.org/default.html
Executive Representative
Numis Network
www.numisnetwork.com/clthomas
I must be in the right place!! I want it bad - so much that it's hard to sit still long enough to do my due diligence!! I'm new to this and want so much to have my first deal done in 60 days!! Going after motivated FSBO's but not sure how to find buyers. I welcome suggestions from anyone! Thanks!!
~~Looking forward to moving forward!~~
Read the books!
"You're never too old to be what you were meant to be!"
www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...
"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"
I have made my decision... I am moving to Iowa!
Karen
"You're never too old to be what you were meant to be!"
www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...
"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"
Wow that is amazing!!! $156k ..I mean $200k in for months!! Thanks for the post Mark. It really does give us all atrue motivation!!! Success to us all!!
Robert.
yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the "present."
"Be not afraid of growing slowly; be afraid only of standing still"
Congratulations, Mark! GREAT JOB!!
Cris
Hey you guys!
I can not wait until I am at this point, thank you so much for taking the time
to post this. We need to all keep our eyes on the prize!
Thank you so much,
Denver
"Do, or do not. There is no 'try'"
------Yoda
Think, say and do what is right; refuse to think, say or do what is wrong.
Nicely done Mark!! You guys are killin it!!!
AWESOME job!
God bless,
Jen
That is amazing! Does this exceed the goals you had set for yourself? I am truly inspired. thanks for posting.
Way to show us!
Thank you--
Never, Never, Never Quit, N3Q
"Nothing happens until you place an offer."
"Skip Deal #1, go straight to Deal #2; it's so much easier."
"There is nothing so useless as doing efficiently that which should not be done at all." — Peter F. Drucker... so, "Don't sweat the small stuff." -R.Carlson. "The greatest mistake you can make in life is to be continually fearing you will make one."~E.Hubbard, The Note Book, 1927...so, Do it for the right reason and "Do it with a headache!" - Dean Graziosi, Weekly Wisdom #176
Mark L,
Awesome! Like OMGoodness--
Mark, I searched your posts and My Deals and Member Journals--
Is there anywhere we can read through your deals? Or would you mind giving us a summary of the types of deals?
Are these FSBO, REO's or what and do they come you thru signs or ads, or just from MLS listings?
How do you close them? Are your buyers Retail or Wholesale? Do you take possession and rehab? Or just pass them along? And, do the buyers see how much you make?
Asking because I am sooooooo proud of you! I am flipping wholesale deals in Las Vegas-- most of my buyers are in the under $50's market, so I am locking up deals at $25K to $50K and averaging a fee of $3500 ea. I'm also rehabbing at profits of $15K-$40K, but I really do help SELLING afoter they are rehab'd. Would love some guidance...
I had a fair shot of making my $100,000 goal by the Edge event this month and I'm carrying 60 active offers at all times and still not near my goal. Any ideas would soooo appreciated!
--GO MARKL!
Never, Never, Never Quit, N3Q
"Nothing happens until you place an offer."
"Skip Deal #1, go straight to Deal #2; it's so much easier."
"There is nothing so useless as doing efficiently that which should not be done at all." — Peter F. Drucker... so, "Don't sweat the small stuff." -R.Carlson. "The greatest mistake you can make in life is to be continually fearing you will make one."~E.Hubbard, The Note Book, 1927...so, Do it for the right reason and "Do it with a headache!" - Dean Graziosi, Weekly Wisdom #176