OfflineDean lit the fire! On 10-11-08
Goal#1: 5 houses a year 10,000-20,000 profit per house (part time)
Goal#2: After goal one quit job at body shop after 30 years
Goal#3: flip houses full /part time 10 houses a year 10,000-20,000 profit per house
Goal#4: Fly my plane all over the us and Canada/ lots of family time!
First Year in review (after buying book)
First flip 20,000 profit
Second flip renting and cash out loan 30,000
Third flip 7,000 profit (but helped young family get a great house)
#4 Working with bank now for no money down loan on a two family rental that will have great positive cash flow, may hold or sell for profit?
Always looking for # five
I can finally see the way out of my all day long job!
PJ
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Sounds like you've got it all goin for you!
Its good to see that you've started a journal. I add to mine everyday and I feel like its so helpful. It definitely keeps me on track.
Well, in short, I hope to continue hearing good successful things from you here. So get started on those goals and stay focused!
Best of luck and god bless,
Tracy Lynn
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Tracy Lynn
My daily journal link.
I'd love to hear from you.
http://www.deangraziosi.com/real-estate-forums/investing-journals/29564/...
Almost completed a no money down deal but when the bank learned I was walking away 30,000 every thing slowed down to a crawl,deal has been in the works for two months now. Could use a extra prayer or two. Thanks PJ
You know it will not happen until the time is right. Remember who is in charge, we must keep that at the forefront of everything we do. Like Mr. Proctor would say, "write what you want to be successful in and walk around with it everyday on your body." You have to keep your eyes on the prize. May God see you need and grant it. 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.
I am new to the R/E game. I haven't done any deals yet....but I can't be defeated, so I won't quit!! You can't be defeated if you don't quit. Don't settle...You have set your goals..now don't stop until you fulfill every one...keep us posted..blessings
KenyaH!!
I Can't Be Defeated....So I Won't Quit!!!
Good luck on that no money down deal. If it is meant to be, it will work out. Sometimes time can increase a bank's or sellers motivation. Keep us updated as to the progress on this deal. Good luck on all your current and future deals. Believe and Achieve!
- Joe
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Joe Jurek CPA
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I've made offers on many homes in the last few months, And I started Thinking maybe its just a bad time or I should just hold off, Than It dawned on me Im moving I'm not just sitting watching the deals go by. If I keep on this course I will find the next deal. The Numbers have to work or I have to walk away.
One good home with good numbers brings profit! My rule # one is, (Never buy The Wrong House!) The wrong house being 1. paid to much 2.Thought it was worth more 3.under estamated repairs 4.wrong location
I now realize because I do my home work when I make the next deal it will be profitable. And Im learning a lot on the journy!.
Looking for deal #4
PJ
Very close to Deal #4
2 family reo, good location, tax ass value 140,000 asking price 44,900 offered 37,000,verbal commitment, waiting for documents. True value about 100,000 when fixed
also from post 9-18-09(bank moving slow) I did after 3 months get a 30 year fixed at 6.25 on deal #3 and walked away with all I invested plus $28,000.I also have it rented with 100+ cash flow.
NOTES had to try other lenders, and keep on trying. There many people in my area doing this, my area is at bottom or close to it. There about10 new foreclosure a day its wild fun.
Glad to hear about your progress Pastor Joe. It's great to hear about other's deals. Good luck to you on the rest of them. And you are right; the numbers have to work out in the end and I believe they do. Keep at it.
Blessings,
Cathy