OfflineI did my first assignment today for $2500 and I only had 1/2 hour in the deal.
I don't usually do wholesaling cause I'm do rehabs and rentals but this is how it went down.
One of my goals for the week was to find 3 more agents to work with. One of those agents wanted me to look at a couple properties. I have two deals waiting to close at the end of this month so my financing is pretty tied up... I'm sure I could find more just not on short notice. Anyway since I knew I may have a hard time getting financing I lined up a friend and investor to come with me. We looked at two properties and he fell in love with the second one. After discussing options he agreed to pay me $2500 for bringing him the deal. Pretty sweet for 30min. of walking around.
That's deal number 14 in 12 months!
One deal at a time is all it takes to be successful.
Always Looking to Acquire Houses | Always Looking to Amaze Investors
not bad at all- $2500 for 30min!
Wishing many more of those successful minutes!
Valerie
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 on your deal. Inching my way closer to my first deal.
Josh
"The best is yet to come."
"Never let someones opinion become your reality"
You didn't even have to get it under contract for him? He just gave you money for bringing him along?? Wow - nice deal. You have obviously built great credibility.
Blessings & Favor,
Gena.
Follow my Blog: www.genahoriatis.com
I can do all things through Christ who strengthens me. Phil 4:13
Psalm 1:1-3
Wow Mark, thats great news! Appreciate you posting this out here. I keep saying that while I am waiting for this house to sell I need to get out and wholesale a couple but have been putting it off. Time to get some of that $ you just got!
SEMPER FI
GET SOME!
I know how you're feeling. I have 3 that are waiting to sell. They all still have to finish out there fha 90 day waiting period.
However, making 2500 that quick got me thinking, why am I not doing more of this? Let's keep making the big chunks every couple months and continue to build rentals but in the meantime why not try to assign a couple a month and make an easy 5 grand.
It's crazy a year ago I would have had to work 80hrs. to make that. Now I can do it in 30min.
Puts things in a whole different perspective.
I love success stories like this. It goes to show what you can do, to get creative.
I know how you're feeling. I have 3 that are waiting to sell. They all still have to finish out there fha 90 day waiting period.
However, making 2500 that quick got me thinking, why am I not doing more of this? Let's keep making the big chunks every couple months and continue to build rentals but in the meantime why not try to assign a couple a month and make an easy 5 grand.
It's crazy a year ago I would have had to work 80hrs. to make that. Now I can do it in 30min.
Puts things in a whole different perspective.
maybe $5000 an hour will make you want to do more assignments
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
Congrats Mark keep up the good work.
TG
"With God All Things Are Possible Matt. 19:26"
"Give a Man a Dollar he's Rich For The Day, Teach a Man To Make a Dollar
He's Rich For Life" - T. Grant
Good job for 1/2 hr. I am also working on my first.
Nice job bro, congratulations! I was even surprised myself to read that instead of getting it under contract, you just walked around for 30 min and got paid just to bring it to the attention of the investor. Almost sounded like a Bird Dogging deal to me, but hey....whether if it's for Wholesaling or Bird dogging, who cares cuz for $2500 it was totally worth it at the end of the day! : )
"You are who you are without a doubt...And what you put in is what you see out."
It definitely makes me want to do more. In fact I just sent out some letters of intent for my agent to send out tommorrow. If I can just do one of these a month I could allow my wife to stay home and I could work on my business even more. I have a some good profits coming my way from some flips and I intend to start advertising more with some of that cash. Step by step.
Mark,
That's great! Congratulations. Now you have more motivation to move ahead. Best wishes to you in your next deals.
Cheryl & Dave
Congratualtions Mark!!!!
I'm one week new to this Forum and reading the book. I want to start doing assignments to generate income and build confidence.... I have so much knowledge BUT just don't know quite where and how to start!!!!
Any suggestions!!!!
"If not now, then when?!"
Some ME Time
"if not now, then when?"
I'm one week new to this Forum and reading the book. I want to start doing assignments to generate income and build confidence.... I have so much knowledge BUT just don't know quite where and how to start!!!!
Any suggestions!!!!
"If not now, then when?!"
The best advice I could probally give is run it as a business, because that's what it is. When I started out I was all over the place, very unorganized and too desparate. Looking back if I would have taken some deep breaths and focused I would have had a lot less stress.
First off, get your buyers list built. Everyone says it and its true. You don't want to find a great deal and not have anyone to assign it to. Figure out how much you can spend on advertising and decide which ways will be most efficient to you right now.
Start making offers or letter of intent on at least 10 properties a week. You will likely have the most success with properties on the market for 180 days or more. Try to find an agent that's ok with sending out those letters of intent. Also, see if they can send you the whole listing, it'll usually show if the property is vacant or occupied. If vacant, likely more motivated.
More than anything just get out there and start making mistakes:) Once you make some mistakes you'll be smarter and then start making money!
Thats 5000/hr SWEEEEEET!!!!
Glassrealestateinvesting.com
Thanks again Mark.... I'm going to do just that!!!
My goal this week is to make a buyers list and look for a agent best suited for what I am about to do. I truly appreciate your feedback.
Also on my to To-Do-List to to figure this website out.... I'm just seeing your response.
I intend on being on this site more often...
I trust God and I know with all my heart THISIS MY YEAR FOR HEALTH, WEALTH AND GREATNESS!!!!
Some ME Time
"if not now, then when?"
Mark, CONGRATULATIONS on your first assignment...and thank you for sharing this with us!! It is so wonderful to read about your "on fire" attitude about REI. My husband and I are the same way..."on fire" and just itching to get that first deal, whether it is bird dogging, assignment or whatever comes first... we are very serious about this and it is so encouraging to see such a nice person already have so many deals accomplished! God bless you and your family! Deb & Mike in Hickory, NC
I am always glad to see someone make their first deal ! Keep it up.
Randy S.
Elkton MD
Hi Dean:
I have recently located two houses I' like to buy creatively. But with no cash and being as credit challeged as I am. I dont know what technique to use. They are both Bank Owned and going into Foreclosure, so flipping to other cash buyers is a method out of the question unless I do a double closing.
Thee other problem is, I have not yet compiled an update list of new (Cash Buyers.)
And the ones I once had , claim to be tapped out and are not interested in taking on any new investments.
I dunno what to do...Any suggestions ???
Dino.