OfflineMy bird dog Jose was out trolling the small town about 20 miles from where he lives and sent me the address of this kinda cute but severly distressed house.
I sent the address to my Title girl, soon she sends me the name and mailing address of the owners. I sent out a post card on this and others that Jose found and soon this seller was calling.
She tells me its been vacant for 10 years and they had hoped to fix it up but were now considering selling if they can get 35K Joe says he purchased this house for $200 and take over payments 25 years ago and its been long since paid off and was a rental for many years till it got trashed and vandalized.
I met the seller out there and of course the house was in really bad shape. I told him I cud do 26K. He calls the wife and puts me on the phone with her. She was a tough negotiator but we settled on $32,000
I gave Joe the owner a $200 earnest deposit, got the contract signed and blasted it out to my buyers.
My buyer Mark that I did a previous big deal with was quick to reply and said he wud take it at $40K
My bird dog/partner Jose said he wud take $1,500 but I'm going to cut him 2 Grand, this guy is sending me lots of potential deals, this is our 3rd and he's only been doing this a few months. In 24 hours I got the deal under contract, got it sold and already started escrow.
The crazy part is another bird dog/partner sent me a deal he got from another wholesaler this week. The original guy got it on contract for 25K and I got it sold for 48,000 frikin thousand dollars. Were splitting $7,666,66 each.
The finder is from another State Utah, and I'm here in central cal. I asked him how he found it & how he did it, he replied he does deals all over the US and wud give me his methods if I wud call him.
I now have a bunch of deals in Escrow, closed on 2 big ones last month, my cranial is imploding, I'm so excited. 3 months into 2015 and I've already made more dinero than I did in 2014... How insane is that?
Let's make some MONEY
Rando
Rando
It's called momento once you get started life will blow wind in your sails plus you are not greedy and consider other people keep that going my friend
Watch your thoughts, for they become words.
Watch your words, for they become actions.
Watch your actions, for they become habits.
Watch your habits, for they become character.
Watch your character, for it becomes your destiny.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Our Heart's Desire must be nurtured by our mind,to give birth to common sense, that will enable us to seek out the path less traveled, with the greatest Personal Growth. -J.R.-
Luv to hear how you're being blessed..very inspiring..Go guy!
"I can do all things through Christ who strengthens me" Phil 4:13
Nice job Rando. Ive been keeping up with your post and have to say your rocking it. Keep up the good work.
Reynold Orozco
man the success stories are flying tonight. I believe the word is "momentum" my friends.
WALT
Hey,
we are a real estate service that helps people like yourself sell their house in 7 days or less, by buying it.
I'm looking for an agent who is working with real estate investors.
I want to buy, fix and sell. And I want to make a $20,000 to $30,000 profit.
Let's look at the listings that are "starter homes", properties that are listed "as-is", "vacant", and "price reductions".
Do you have a list of cash buyers of real estate within the last 90 days?
I'm happy to work with you together!
Please contact us if you need help with your house-selling.
Thanks!
Greetings,
Diversity Realty, LLC.
Udo Ginczek
biguseof at ****
Network Business Community & Real Estate Investments! Orbit Financing & Diversity Realty, LLC. Udo Ginczek, 13505 Avebury Dr. Apt. 22, Laurel, MD 20708, (240)790-2284, biguseof@****
I didn't know you can simply obtain the name and address of the property owner through your title company just like that. So simple and time saving!!
Now, I really need to have title company and bird-dogs in my team ASAP.
Did you get to call the finder from Utah, yet?
Would you share his methods here again?
Creativity, love it Rando!!!!!!!!!!No greed here, awesome!!!!!!!!
jbischoff
Way to go Rando. If you have anything in Dallas Fort Worth . Texas area please let us know.
Kavita
Kavita
The wholesaler from Utah is a difficult person to deal with. He first wanted 38K for the property, I contacted my fav buyer and he wanted it at 48, I called Brad (the wholesaler from Utah) and he tells me he has an offer of 40 and hes waiting for the paperwork. I told him I wud do the 40K, let's do it. He said he was committed to the other guy.
A week later he calls me to say his buyer dropped out and he wants to sell to me. I tell him, I can do 36K and he agreed. I sent the assignment of contract to my buyer and he didn't get it back to me. After some go around, We cudnt find a buyer cuz the house was in such bad condition, my partner explained how trashed the property was to Brad he lowered his price to 30K
But now he demanded we start escrow immediately with a $5,000 non refundable deposit. I told him that was ridiculous to risk that kind of money of this junk house that he had on contract for 25K I explained that I have wholesaled a lot of houses and I have never put down a deposit over 200 buks and I never ask my regular buyer to do so either. Finally he agrees to $1,000
Finally my regular buyer sends the signed assignment for 48K Cha Ching
My partner Bob and I and Brad are splitting a $23,000 assignment fee.
I have my doubts it will go through, but here's hoping.
Rando
I may risk sounding as an optimist but you never know with real estate investing what I would do is always take care of my buyer since the guy from Utah is such a burden to work with.....
In this business reputation,follow through and courtesy go a long way....
Watch your thoughts, for they become words.
Watch your words, for they become actions.
Watch your actions, for they become habits.
Watch your habits, for they become character.
Watch your character, for it becomes your destiny.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Our Heart's Desire must be nurtured by our mind,to give birth to common sense, that will enable us to seek out the path less traveled, with the greatest Personal Growth. -J.R.-
always great to read your posts they are inspiring buddy. hope this deal goes thru & i hear you about difficult people I have a hard to work with wholesaler & buyer that I am putting on the back burner now bc of that I only want to work with people w/the deals w/be smooth.
sme people are greddy too huh, pigs get fed & hogs get slaugtered they say.
Go California!!! the golden state, did you say you were going to the Edge! and how much have you made since jan 1? thx.
Tony
Go faster do more! GFDM!