OfflineI haven't been on hear for a while because I've been busy making offers and having fun with my family.I put in 5-10 offers a day.I closed 2 deals at the end of July and made $9500.I have another deal that is closing on 9-14-12 ,similar to Rando1,and I'm making 15k.Its a estate sale and their are 7 family members that will be involed in the estate,but only one has rights to sign.We were suppose to close the end of August but its a probate.This the most I've ever made on a deal.I have a great realtor and I hope that all the people who haven't done a deal yet,would JUST DO IT! SERIOUSLY! Put an ad on CL and find you a great realtor and also a friend,and just put in offers.Or just MARKET,MARKET,MARKET.I have 3 other deals that I'm working on now that could profit me 20k.All from wholesaling MLS properties.Hahahahaha!
Many Blessings
2 Deals Closed from 25-1 Srategy.Thank-you Matt and Dean!
Posted on: Fri, 09/07/2012 - 17:26
2 Deals Closed from 25-1 Srategy.Thank-you Matt and Dean!
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25-1?
Rick Allison, Realtor
Amarillo, Texas USA
Find comps, private lenders and cash buyers nationwide: www.TheRealEstate.PRO
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If your interested in learning more about the 25:1 strategy you can read 30 Days To Real Estate Cash. It details it pretty well. Also Dean and Matt have a video on DG.com that speaks about it quite well.
It is basically a filtering system that says you make 25 low offers and you should get 1 deal out of the 25. You have to filter the properties to find the BEST motivated sellers in order for it to work though. Properties that are vacant, as-is, handyman special, and had at least one price reduction are some examples of a motivated seller. You can't just put offers in on random properties for the 25:1 to work.
The book also has the offer formula in it that breaks down how to come up with your offer price. Many people just seem to shoot out .65 or .70 of the price as a starting point. Each area is different I guess. Hope that helps.
Nick
Wow, that is so awesome!! I am so happy for you!
For now I only have out of state investments properties, and I have been working hard to get deals done here in the local area (the greater Seattle area).
Let's keep rolling, cashinvestor!
Matt Inomata
Seattle Moo
Congrats Cashinvestor,
I think that is just what I am going to have to start doing. Just putting in offers on all the properties in this area. Keep up the efforts, thanks for the information on how you are making it work,
Ty
Yesterday is history, Tomorrow is a mystery, and Today is a gift...
Ethel Griffin
...So don't throw away a gift, do it today as tomorrow is not promised.
It's Matt Larson's strategy---his formula of 25:1---what made him a millionaire in real estate. You can it find it on pg. 173 of "Your Town, Your Real Estate"-Dean Graziosi
or here if you do not have the book >>>deangraziosi.com/yourtown/25to1
Happy Prospering! ~Kat, Liberty Residential Investment Acquisitions
• "To every thing there is a season, & a time to every purpose..." ~Ecclesiastes 3:1-8
• "Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy!" ~Dale Carnegie
• "Begin, be bold, and venture to be wise." ~Horace
• "Never, never, never give up." ~Winston Churchill
• "Whatever you do, or dream you can, begin it. Boldness has genius and power and magic in it." ~Johann Wolfgang von Goethe