We just closed, went to breakfast & cashed another
check from a Real Estate Investment. This was the REO we bought at 22,500; rehabbed it for 8,000; & sold for
46,500. Now it's not a tremendous amount of profit, (but still works out to about 40% return on our investment)but considering on just the last 6 deals we bought this year, we made equivalent of working a local
job for almost 3 years.
We are now looking for our next victim, in fact after cancelling the homeowners insurance & leaving the agent's office I previewed three properties & will submit a contract on one of them.
After doing this for so long, we don't think we could ever go back to working a regular job again !
Just Closed & Cashed Another Check
Posted on: Wed, 12/15/2010 - 20:10
Just Closed & Cashed Another Check
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Great job keep up the good work.
Steve
Steve and Veronica
Steve and Veronica's Journal.
http://www.deangraziosi.com/real-estate-forums/investing-journals/58073/...
http://www.deangraziosi.com/real-estate-forums/totally-fulfilled/72344/d...
Congrats once again!
You are on a roll! Of course, once you know what you are doing, which you obviously do, you are just like a machine!
Keep up the good work and thanks for keeping us informed and motivated.
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!"
Gary & Jill
Great job, and a deals a deal, and a profit is a profit, and your still moving forward.
http://kendrickpropertymanagement.com/
http://rochesterapartmentrentals.com/?page_id=10
Keep it up. Over 15k profit for a quick rehab, thats pretty sweet if you ask me.
Jeremy
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams
Bruce Springsteen
Thanks to all you guys for your support! It is true a profit is a profit, & to us 15K is sweet ... the best part is that even after all these deals
the thrill is just as great as the first! Gary/Jill
can't wait to be in your shoes. hope they fit!!!
Linda, Army EOD Mom
you can follow my journal at http://www.deangraziosi.com/real-estate-forums/investing-journals/45351/...
IT'S ALL GOOD AND EVERYTHING IS WORKING OUT PERFECTLY FOR ME!
Fear equals:
False
Evidence
Appearing
Real
Gary and Jill you guys are on a roll! Congratulations!
The thrills get bigger as the checks get bigger.... trust me!
Do not fear, for I am with you; do not be dismayed, for I am your God.I will strengthen you and help you; I will uphold you with my righteous right hand. Isaiah 41:10
http://realwholesaling.com FREE wholesaling tips and resources!
To your success,
Carol Stinson
Thanks Linda, you shouldn't have any problems. Thank you Carol, our best deal
has been $ 104,000 net profit on one property we sold in two days & it's sure nice to get those big checks, but the conquest of the "deal" is still what gets our juices flowing. Thanks again, Gary/Jill
Just keep doing what you are doing on a nice managable basis. You'll be pleasantly surprised by the results.
Always Looking to Acquire Houses | Always Looking to Amaze Investors
We are still doing that oil thing...I have seriously got to sit the man down and show him the light! Way to go!
Barbara
I'll have to come back up to NJ & help you with the oil company & fix some oil burners,(just to remember what it's like to be in the trenches again, after 10 yrs.) then fill him in on the easier way to make money.
Awesome job Gary!! It looks like a few of us closed some deals this month.
My partner and I made $11k less than you, but hope to make profits like you and your wife. Ours was a small probate wholesale deal up here in Ohio that took 2 months to close. Just in time for Christmas though.
Maybe I can meet up with you guys one day when I head down to Crystal River to visit my parents and work some deals with ya.
Anyways keep up the good work. You guys rock!!
Jason B
You Can Have and Be Anything you Want!!
Jason Bly (The RE_Situation)
Visit Me at http://www.facebook.com/JasonBly23
Blog- http://wholesalesuperstar.blogspot.com/
Push Button Yellow Letter Software- http://www.yellowlettergenerator.com
My how to take Discount Vacations Blog- http://www.advisorytravel.net
We had to hold this one for 90 days since it was a Fannie Mae. Give us a shout
if you get down to Citrus County. Thanks, Gary/Jill
ball til ya fall keep up good work,good thing come to those who wait.
keep on truck!!!!keep reading!!!!keep finding!!!!keep sharing!!!keep responding!!!keep help keep-up the good work!!! but,don't keep it to yourself!!!
that is wonderful to hear. I am so happy and grateful when I see more and more people putting up there deals. And I feel the same way. I never want to go back to a JOB again. I enjoy working for my self and working hard for myself and my partner. It makes it all worth while and its more than rewarding money wise it is rewarding to me on a personal level.
Cant wait to hear more
When you say thank you, you are telling the world that you want more. Say thank you every day! It will bring joy, and it will bring so much more.
www.virtue-investments.com
$16,000 is nothing to balk at! I only make $22k in a year at my full time job and that's before taxes! ( I live in a room for rent because it's not enough to live on my own) I would love your one deal for this whole year of mine!! Great job also on your $104k deal - amazing! I still can't even fathom that kind of money- YET......
Lisa
My DG Journal/Journey - http://www.deangraziosi.com/real-estate-forums/investing-journals/65333/...
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you; plans to give you hope and a future." - Jeremiah 29:11
Success is always to be found on the other side of FEAR! Don't stop, push over the mountain to success waiting on the other side!
No amount of profit is anything to balk at, just so long as it's a profit!
Don't get discouraged, put together only one assignment or bird-dog deal & make even 1K to 2K on it ... that will give you the confidence & determination
to put more & bigger deals together. Just remember real estate markets are different everywhere, but the simple mechanics work anywhere. If you have any questions PM me & will try to help. Thanks, Gary/Jill
I feel excited for you! Can't wait to see what it feel like to be in your position. Keep posting because it keep us all motivated.
Thanks
The word "VICTIM" pertains to the house! What we primarily do is buy REO's with our cash & rehab them ... I'm sure you have seen these types of bank owned properties, & yes they are victims of destruction. What we do is provide a service to our community by fixing up these abandoned eye soars & selling a new finished product to end buyers. We have never wholesaled a property yet, & do not deal with distressed homeowners in pre-foreclosure. The $ 507,000 documented profit we made mentioned in Dean's book, Your Town(Chapter 12) was from the sale of about 22 properties at a little over 1.2 million in total sales. Of course, there has been many other houses bought & sold since then, & hopefully there will be many more. Thanks, Gary/Jill
Most of us investors knew Gary and Jill were talking about the next house. I do not know how old you are Keith but some of us with some age use the term victim for any project we have next.
Sorry to anyone afected by the term victim.
Steve.
Steve and Veronica
Steve and Veronica's Journal.
http://www.deangraziosi.com/real-estate-forums/investing-journals/58073/...
http://www.deangraziosi.com/real-estate-forums/totally-fulfilled/72344/d...
You both inspire me.
KNOW YOUR MARKET, find a really good deal, then flip it to make some cash.
You pick your type of strategies depending upon your circumstances.
Nice tidy profit .
That is the beauty of real estate.
Randy S.
Elkton , MD
It was just in time to have a few extra bucks at Christmas.
Way to go! We are hoping to do our first deal in the next 60 days. We hope to be doing this full time at some point! We hope we can be successful like you folks!
Kim
Thank you for your support. Just keep with it to complete that first deal, the rest will just follow ....
with the knowledge you've learned it is possible to apply it into some moneymaking principles. I tell anyone
around the country if they find us something we'll pay
a bird-dog fee. I have spent hours on phone conversations & even walked people through our county web sites so they can check local probates for us; in fact, I received a call from a fellow DG'er with a local property yesterday. We made an offer, if it's accepted he'll get a check. I'll be the 1st one to say it's not easy, but it is do-able.
JUST DO IT. You CAN do it! What do you need help with? Start a thread with your questions, I'm sure you'll get MANY answers and lots of help unless you stump 'em with a question they don't know the answer to (I've done that a few times! ). Bird dog for someone. Build a buyer's list, post ads on craigslist, call FSBOs, tell yourself you CAN and you WILL. YOU can do this too, and I can't wait to see a post with your first deal. Don't stand in the way of your success.
Peace
It is CERTAIN you WILL SUCCEED!
to put it Tammy. It is easy to get complacent & not follow through, I know this first hand. Jill & I don't network to speak of like we should, we could only imagine what kind of success we could achieve if we did ... nonetheless,
if you're diligent you will get what you put into it, big or small.
Congratulations to you on another deal!
Lea