OfflineDeal #1 - Signed a contract to sell a 2 bed/2 bath/1 car(1525 sq. ft.) yesterday for 63K; Bought it for 52.5K & put in a dishwasher & had the tub re-glazed. It will close next Thurs.
Deal # 2 - Closed today on a 2 bed/ 2 bath/ 1 car
(1595 sq. ft.)Fannie Mae foreclosure, Bought it for 36,350; put in new kitchen, appliances, vanities, toilets, paint & carpet; Spent 8K on materials & it took us about 4 weeks to remodel; Sold it for $ 59,500.
Deal # 3 - Bought a 2 bed/1 bath/carport from an investor for 35K; they did owner financing with 5K down, 8% APR 30yr with a 5 yr. balloon; Payment is $ 220/month; taxes & insurance are 112/month. Dis a Lease Option, tenant buyer put down 3.5K & is paying $ 650/month rent for 5 yrs. That's $ 318/month positive cash flow X 12 months = $ 3816 X 5 = $ 19080. Sales price is $ 44,900. So 19,080 + 9900 = 28,980 Total Profit !
It was a VERY GOOD WEEK !!! Gary & Jill Ceriani
3 Deals this Week !
Posted on: Sat, 06/07/2014 - 01:50
3 Deals this Week !
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Yes, I would have to agree that you have definitely had a VERY good week!
Karen
"You're never too old to be what you were meant to be!"
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"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"
I second that! Congrats Gary & Jill!
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.~
Rackin' up the deals, huh?
way to go, awesome !!!! congratulations 3 in one week that is so cool...
That's fantastic! What marketing techniques are you using to find these great deals?
Congratulations on your closings!
Gary.....
Outstanding ! I love it, not only are you focused it sounds like there is a bit of fun while you was doing all these in a week's time frame...... I say that was a greeaaat week!
Watch your thoughts, for they become words.
Watch your words, for they become actions.
Watch your actions, for they become habits.
Watch your habits, for they become character.
Watch your character, for it becomes your destiny.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Our Heart's Desire must be nurtured by our mind,to give birth to common sense, that will enable us to seek out the path less traveled, with the greatest Personal Growth. -J.R.-
At least some one is able to make things happen. It must be that one has to have a lot of luck or something I just do not know. Any way congratulations on the deals.
ba
if you do not try then you do not have to worry about failing if nothing works
Gary and Jill,
that is pretty awesome! Congrats on your continued success!! Always fun to hear about your deals!
Val
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
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Thanks Karen, would love that every week! (lol).
Thanks Lennee, appreciate it.
Congrats and I admire your success.
All the best investing!
TC
Miami Florida
"If you are not doing something that help the universe or God or your family, or YOU, is that something you should still be doing?"-Dean Graziosi
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great great move it and rock it
i am a beginner and want to be part of a really strong network of people i have done a few guru conferances but decided that dean is still the best . i now just have to get together with people that can help and assist. i can do it determind and broke but have the ability and the go to get this done
A FANTASTIC week !!!! You have got some great momentum !! Keep it going strong
)
Way to go.
Jay
Click Here For homepage www.jaysthilaire.com
need to sell ? http://www.jayhousebuyers.com
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Thats a good week of work, way to go!!! Keep up the good work.
Reynold Orozco
Thanks Dallas! This last one was # 78; just received an accepted contract
for out next project!!!
Thanks Walt! It was pretty cool, & we got a call yesterday while Jill & I were kayaking on the Rainbow River that our offer was accepted yesterday on a Freddie Mac foreclosure!
Thanks Dorthy! One of the houses was a REO from the MLS; the 2nd house
we were actually buying the house next to it, when the owner saw our WE BUY HOUSES sign on the vehicle. He ran out asking if we wanted to purchase his property. The 3rd house, the owner/investor saw my wife out at a store with her WE BUY HOUSES shirt with our phone number & called ... the rest is history!
Now imagine if every week was like this one...
I like that you have used multiple strategies and I've always said it's a good idea to learn at least two or more different ways of investing since every deal is different in their own way.
Keep up the great work and I wish you all the best in your REI ventures.
John 14:6
Thanks JR! Yes, Jill & I have a great time with these houses, & even make some money doing it ...
Thanks Shawn! It does take persistence to put a deal together, but using
different techniques & tools to find, lock up & close deals is essential. Remember once that momentum builds up, 1 deal turns into 2, 2 to 3 & you become unstoppable! Good Luck!
Awesome work - congratulations on a stellar week. I too am working on buying Fannie properties and I have a question:
If the property has moved to Investor Status, plus has had a price reduction should I make my first bid about 25% below Fannie's asking price? I am trying to get the properties for the best price - not leaving any funds on the table. Your advise is appreciated. Thank you!
Have a joyous and profitable day!
Thank you Val, just had the closing on the last house that was for sale, scanned & emailed all the docs back to the broker on this Freddie Mac REO we're buying ... should close in a couple of weeks, then back to work!
Thanks TC & success to you!
Thank you very much!
Thanks Jay, keeping up that momentum is key ...
Thanks Ray, appreciate it!
Thanks Chris. It's true, be flexible & use as many tools as possible to find & close deals. Let's face the deals we close, the more we put into our pockets!
Three weeks ago we had 3 properties & now we have none ... we have the accepted signed contract back from the bank yesterday on Project # 79 ... can't wait to close & get started!
Way to GO!
Keep it up.
Jay C
Thanks Jay! We're looking for another while we're waiting for the next to close in a couple of weeks.