OfflineThings are picking up and looking to be a great second year soon. I recently added 5 more deals, here's how it lined up.
#15 A wholesaler did his homework and realized that I had bought and rehabbed a house in the neigborhood that had a house under contract. He emailed me asking if I'd like to buy it at 65k, after looking at it I offered him 60,500 and he accepted.
#16 A lady contacted me from a vinyl sign I had on the back of my car window regarding a vacant house she owned. None of my buyers liked it so I contacted another wholesaler in the area and we agreed to split th profit 50/50. He had a buyer the next morning. It just closed today for a total profit of 7000.
#17/#18 Just got two forclosures accepted on the same street at roughly 50% of value. They will both be rehabs and should bothe net approx. 25-30k.
#19 a friend contacted me about a house someones kids were liquidating, the parents are both in hospice centers. I met him at the house along with one of the kids and they said they'll sell it for 60k. It's worth roughly 130k after about 20k in rehabs. I haven't quite decided if I will be wholesaling it for a quick 10k or rehab it for 30k. I have enough going on that I am leaning toward assigning it.
All my previous deals are in other posts.
On top of all this I slept in till 11am today and didn't have to go to a JOB:)
Way to go markl, you deserve the rest with 19 deals in 16 months!
RENinja
"Remember, success is a journey, not a destination.
Have faith in your ability."
Bruce Lee
Know you're proud and should be!
RENinja's right; you deserve the rest. You shoulda slept till at least 1pm! LOL!!
My goal is to be without a JOB within 6-8 months myself. If I can keep the momentum going, plans should work out!
BTW; you didn't give us the "details" on Deal #15....only what you paid for it?!
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
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www.windfall-properties.com
You are on a roll; I do believe that you are passionate about rei!!!
Thanks for sharing!
Learning and progressing every day,
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
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Looks like you know how to get things done.
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.
Sounds like you certainly have your work cut out for you! Keep up the great work...many more sleeping in days are sure to come your way
God bless!
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.~
God bless!
Hard work requires lots of recuperation, or I'm lazy, really not sure which.
I just got the ok from my hml to offer on another rehab so if I get it then the one deal will definitely be an assignment.
You are on a roll!!! Can't wait until I can have the same success or even better. Where are you finding your hard money lenders? All the ones i've tried to use are now under, or don't have funds to loan right now. Please help! There's a great deal i've been looking at for a while, and the price just dropped even $2,000 more after dropping $10,000 earlier this week. VERY MOTIVATED BANK!!! Please help if possible. Thanks
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That's really good. I hope you have many more deals coming your way...best of luck!
To get something you've NEVER HAD
DO something you've NEVER DONE.
You're on a roll! I'ld like to hear more about your vinyl sign. How much did you pay for it, & can you make one for cheap?
#15 A wholesaler did his homework and realized that I had bought and rehabbed a house in the neigborhood that had a house under contract. He emailed me asking if I'd like to buy it at 65k, after looking at it I offered him 60,500 and he accepted.
#16 A lady contacted me from a vinyl sign I had on the back of my car window regarding a vacant house she owned. None of my buyers liked it so I contacted another wholesaler in the area and we agreed to split th profit 50/50. He had a buyer the next morning. It just closed today for a total profit of 7000.
#17/#18 Just got two forclosures accepted on the same street at roughly 50% of value. They will both be rehabs and should bothe net approx. 25-30k.
#19 a friend contacted me about a house someones kids were liquidating, the parents are both in hospice centers. I met him at the house along with one of the kids and they said they'll sell it for 60k. It's worth roughly 130k after about 20k in rehabs. I haven't quite decided if I will be wholesaling it for a quick 10k or rehab it for 30k. I have enough going on that I am leaning toward assigning it.
All my previous deals are in other posts.
On top of all this I slept in till 11am today and didn't have to go to a JOB:)
my vinyl cost $100 and I had it done at a sign shop.
I use two hard money lenders and they are both local investors themselves. Ask your attorneys, cpa's, title companies etc. If you live in a decent size city you more than likely have some local hml's in your town, they just usually don't advertise, it seems to be word of mouth.
Really excited for you! You are an inspiration!!!!!!
Thanks for the reminder on trying for more than one deal at a time, I spend too much time planning one deal out.
Reading your post gave me a good nudge to call others back on their houses.
Congrats on your success!
Sandi
That's awesome Mark!! The best part? No J.O.B.!!!
You and your wife look very happy, good luck with everything!
Real Estate Investor, if you would like the chance to work with me in the US East Coast, send me a PM (Private Message) anytime to see if we are a good fit for each other.
Wishing you abundance,
Ken Siew
Great job. This is how its done !!! Mark, what size is the area you work(town, city) ?
Again, great job and glad you enjoyed some well deserved sleep.Take care
Curtis Fillers
(Charlotte,NC)
I think an area like Des Moines is perfect because the city is not so big that the possibilities are overwhelming yet not too small so there are plenty of deals.
Matt Larson started out in the Quad Cities if I remember right, very comparable.
I honestly don't know what our population is. It takes less than 20 minutes to get from one side of town to the other and I can get to the suburbs if neccessary in about the same, 15-25min.
I've had it said to me many times " you're not making money if you're not making offers".
I still don't feel like I'm doing enough because the vision I have is much larger than what I'm doing, but it's one step at a time, or two if I'm lucky.
When I started I felt like the small fish in the pond, not realizing what the possibilities are and seeing other investors buying multiple deals a year, I felt inferior. But after gaining some experience I realize there is not a single investor in my city that is capitalizing on the possibilities that are out there. Nobody is doing much for advertising, they are simply putting out offers on whats on the mls. I plan to be the go to guy for people that need to get rid of there properties and it'll happen very soon.
I hear and read about the big dog investors out there that are putting out dozens if not hundreds of offers a week and have so much advertising and marketing out there that a ton of leads are literally just being brought to them.
I honestly feel that we have the power to do absoloutley anything we desire, all we really need to do is focus our energy on our desires and have a well executed plan. Pretty simple really, I think we often make it much harder than it is.
I steered off the topic a bit, sorry.
well done !!! its great to hear how you now feel you can do any deal!!! its true ....after doing a few deals...the CONFIDENCE it builds is mind boggling!!!! wat to show us it can be done !!! success to you on reaching higher goals !!!...AWESOME !!!
JAY
Click Here For homepage www.jaysthilaire.com
need to sell ? http://www.jayhousebuyers.com
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Hey Mark I went to Drake University in Des Moines
It's awesome to know someone in DG.com that's investing there!
I was on Facebook and noticed one of my old friends is working as a realtor there. Reminds me of the good ol' days!
I think the population is about 200k in case anyone's wondering.
Matt Larson started out in the Quad Cities if I remember right, very comparable.
I honestly don't know what our population is. It takes less than 20 minutes to get from one side of town to the other and I can get to the suburbs if neccessary in about the same, 15-25min.
Real Estate Investor, if you would like the chance to work with me in the US East Coast, send me a PM (Private Message) anytime to see if we are a good fit for each other.
Wishing you abundance,
Ken Siew
As someone said once, SHOOT FOR THE STARS OR GO HOME!
I fully believe you can achieve your goals.
What we think has such a strong impact on us, that many times our thoughts become our reality.
Keep on making those deals!
RENinja
"Remember, success is a journey, not a destination.
Have faith in your ability."
Bruce Lee
You are really on a roll! Well done Mark there's no stopping you..
Hello everyone,
I am in need of the BUYER PROFILE INTERVIEW form. It is temporarily down on the DG site right now and I have tons of letters ready to be mailed to research of cash buyers! Can someone help me LOCATE this so I can print it ASAP. I WANT TO BE PREPARED. Thanks so much! Scot
You deserve your break. Enjoy it!
Let's go investing at the speed of opportunity!
JM
I fully believe you can achieve your goals.
What we think has such a strong impact on us, that many times our thoughts become our reality.
Keep on making those deals!
RENinja
You're exactly right, most people settle for mediocrity because it's easy, but easy is boring.