OfflineWe 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 !
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You hit the nail on the head. Working a regular job would be irresponsible given the knowledge that you now have. You owe it to your family, yourself, and others around you to continue on in your investments. If it took 3 days or 3 months to complete a deal, You are still way ahead of the game. The more time you spend with your research, the better your profits. It basically takes the same amount of time to complete a high or low profit deal. One thing is for certain though... you will always make a profit when you buy right.
Great point, you always make your money on the property when you buy ... if
you buy it right in the first place. The beauty of that philosophy is that it is true in any market.
Congrats on your latest deal...it HAS to be gratifying!!
I really loved reading your stories in YTYREP and admire what you two have accompished together to date. It's very inspiring to see an such an AWESOME team in action.
Can't wait to see my "epiphany" through to fruition and kiss the old JOB goodbye. Your story helps give me the motivation to continue pushing and gain the knowledge and confidence to do so!
Thanks for sharing,
John
Quitters NEVER win - Winners NEVER quit!
"P.U.S.H. = Persevere Until Something Happens" Dean
“Opportunity is missed by most people because it is dressed in overalls and looks like work.” Thomas A. Edison
Check out my Road to Redemption journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/88171/...
www.windfall-properties.com
Thanks for the kind words, we both give each other the confidence & drive to help make things happen. Thanks, Gary
If you want it, you have to go out and get it. Well done, congrats. God Bless.
Sandra
"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.
Some people just don't take the opportunity to make it happen. Thanks again.
We would like to extend a Merry Christmas to all & thanks for the support on each additional deal we complete. Your best wishes are always greatly appreciated. Thanks, Gary/Jill
Hi Cerianis. They just posted our video on Dean's media. I want to apologize to you Gary for calling you Greg in the video. If you have time to watch it here is the link at the bottom of this post. It is a little long so sorry and where I call you Greg is at the end.
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...
Steve, I'll let off with the "Greg" part. I must say you actually did better with the credit card deal, the house we bought was around 70K & took an additional 10K for rehab, so we took 80K from the credit cards ... thank you Chase, sold it for around 135K. Gary/Jill