Donna's road to Success

Today was a successful day! I met with a new PM couple.. they are financing our next fix/rent/refi property! 10% 12 months. No points! They great thing about this is they love doing these types of deals and we have already agreed on more deals.
We looked another house and I negotiated 125 down to 75k and after our walk through i think we could get it a little lower. foreclosure price is 84k so we could offer it at 79k making 4k assignment fee.

And we picked up another duplex for the property management company!

Hi Donna,

I have been watching your videos on insider elite and also reread your chat on Lease Option.

On your vidoe on Badit sign you mentioned you got your Yellow Blank Substrate for 50Cents a piece, can you please provide where did you order your signs from.

It costed me $2.29/sign with Step Stakes.

If you are busy please ignore my request.

Best Regards and More success.
Bimal

Hi Bimal... Another person I know was ordering signs and I joined him and we ordered together. It was a great deal. I have to order more I hope he is still in business

Things are starting to get busy again. That's good because February wasn't good.
We found funding for our latest deal 10% for 12 months not exactly what we wanted but this is the first deal of many with this new lender. And his is proofed to 500k.
Yesterday, Dan found another person with 80k that we know well.It was nice because this person approached him.
We have 4 other houses under contract for wholesaling, and working on one more today. My marketing will go up today.
Sold one of our flips. We profited 7500.00 Not much but Ill take it
I'm writing my first offer on multiplex! and purchasing with another persons money!
Im struggling with getting my signs and flyers out... seems I always run out of time.
We have picked up consistently for 2 months 2 new management accts a week. Woot Woot!
Oh and the other day I was taking pictures of our latest wholesale and the house next door had recently sold to an investor... I noticed him and started a conversation. He is an investor (buy and Hold) guy, new to the area that knows nothing about the local market etc.... He was looking for a property manager and has been trying out realtors and he, like me says, "Nobody in this town wants to work!" Exactly ! I think. Because I haven't been able to find anyone willing to work either that why Im making my own offers!!!!! I gave him my pitch for property management and gave him my business cards. Yesterday he called me and wanted my opinion on potential rents for a property he was looking at, his realtor told him it would rent for 150.00 more than is possible. I let him know my opinion. Anyway, he told me he liked what I had to say about management and hired my company to manage all his properties. He plans on buying 20 locally! Im seeing a win, win here.
I just love this stuff!

I just closed on my first 25:1 deal ! it is a 4 bedroom 3 bath home ARV is 155k We purchased for 82k it needs about 17k it will rent out for 1100/month I am going to fix it rent it and refi it!!! funded with private money.
I have an other one under contract and am now searching for private money to fund it. it is a 4 bed 1 bath ARV is 125k purchase price of 72k it need 7k in rehab to get it rent ready. It wil rent for 950/mo and I have a multi unit pending, 10 units, the 25% down is funded with ..... private money (125k) and bonus my property management company will manage it. we just sold our latest flip didnt make much but we still get to manage it too! The flip was also funded with private money!!! Lots of stuff going on.
We have increased our equity position in the company about 120k in the past month ...... it wont be long and i will be quitting my job!!

2nd day of rehab and the house smells so much better Hahahha! it is amazing how much removing the ruined carpet helps. so far so good no surprises yet.
Still searching for private money for my next deal. I really haven't spent any time on it yet. The seller is so happy she saved me a rhubarb start
It has been my work week so it always feels like I dont get anything done. We got 2 more new property for the management company this week. I believe we have everything ready for the multiunit deal. the inspection is monday. fingers crossed
We received 5 phone calls this week One appt setup for tomorrow. It is a postcard call. I saw a new bandit sign today in my area I called it and it was a new investor. I will add her to my list I could tell by her sign she is NOT a DGer.

I focused on finances today and we are getting stronger every month. Thank you Dean for keeping me and others motivated to keep reaching for success

It has been 2 weeks since i have done any investing and I am glad to have my mind set back!!!
I am a nurse and have been around death and dying for most of my life. But this one so close to me really messed me up. But that's not what my Mom would have wanted. I am more determined than ever to get to the next level!!! It broke my heart to hear my Dad worry about how he could not afford to pay for my Moms funeral! I kept telling him not to worried about it, It will be taken care of.But through his tears I could see the doubt in his eyes. Not again will this happen because I WILL be able to write a check to cover it!
LETS GO!!!

Happy Sunday Everyone!
Things are changing around here. Tomorrow is my very last day at my JOB! I am still nervous and the little self doubt is still nagging at me but We have already proven we can be successful REI So I say Lets GO!
Today I am going to make a schedule for my new life.I couldnt even have thought this was possible without discovering Dean and his education. Thank you
This is going to be fun!

So sorry for your loss it sounds like your using this to motivate you to another level. My best friend from high school called me yesterday to tell me that his dad died at of a heart attack while playing tennis at the age of 60. It reminded me that life is so precious and we all need to make sure that the ones we love know we love them because we never know when it may be our time to go...We invest for a better tomorrow but love everyone today like there's no tomorrow.

I'm so excited for you to become a full time REI!!! You're going to ROCK IT!! Your dreams and beliefs are limitless and I have no doubt that you will accomplish all that you have set in front of you, so lets GO!

Thom

Thanks Thom, You are so right WE MUST love everyone today... I appreciate your kind words. Bless you Thom

Donna,

I'm heartbroken to hear about your mother. I am so sorry and I send up prayers for your peace and your healing for your loss.

I am so happy to hear of your last day at your job. And your skyrocketing momentum in real estate!

I wish you all the best in this step of your journey and wish many blessings in your business and in your family this year!!! Congrats on all you have accomplished. It is HUGE!!!

XO
Louisa

I am glad to see you back and thrilled that you are leaving your old job!

I know that your heart is broken over your Mom. I have loved seeing your pictures of her on FB and know it has been comforting for you to share there.

Hugs are sent to you and you are in my heart.

Karen

Karen and Louisa, Thank you for the kind words. My Dads is pretty lonely.
today is day 3 of my new career.
Im looking at a potential new office today. and we are making several offers.
I am working on streamlining my schedule so that I can maximize my time. LOL never enough of it! Our new bookkeeper is doing great things I am so pleased that everything will be correct!
I am working very closly with my teams now and I will probably drive them crazy! I can see areas that need tightening up!

Alrighty!! I may need lots of advice! I am going to master wholesaling if it Kills me! I must succeed!! I must!! I have such a buy and hold mindset it is holding me back....
We have purchased 2 properties recently that after repairs are great deals. And we could have flipped them and made money, but the deals were too awesome One has 60k equity and other 45k equity.

I am going to focus on wholesaling....Yes sir

With your mindset & determination, NOTHING can stop you! I think you got it in the bag, Donna. Just DO it!

thanks Dallas just another obstacle.... I just feel stuck on this!

Just remember that Matt says have $100K in the bank before you start rehabbing and buy and hold. I know you are already doing those other things but put your focus on building that bank acct and have tunnel vision. The fastest way to build that cash is wholesaling.

Remember...tunnel vision...

Karen

Hi Donna,

I was going through last few of you postings and learnt about your Mom,
Sorry for the loss, my prayers for you Mom and prayers for you to withstand the loos.

Wishing you all the Best in your Fulltime RE wholesaling endeavor.

Bimal

Thank you for your wishes and prayers. You are a kind person.

Karen! LOL that is perfect I will keep that in my head! 100k in the bank! Liquidity!

thank you!

So today I have been a full time real estate investor for 1 whole week!!
I have been working on mastering wholesaling, getting my team together and streamlining the PM company and the Investing company....So much to do as the boss! But I know I must take time and train them well.
We are developing a new website. Looking for a new office space we are so cramped. I am looking for better exposure and a building big enough to accommodate all of us. Our maintenance crew has been offsite since the beginning. This is simplify communication, billing and productivity.

yesterday I sold a house with a hand shake to a friend and made 10k on the deal and we will still be managing it. Win WIN. We have picked up 2 more management properties.We have one house under renovation and 2 pending. Offering on a 4 plex tomorrow. Closed another deal today and got paid 1800.00 fee

I going to go back and read 30d to Cash.

Congrats on all you are doing...been catching up a bit with your journal.

Keep us posted on all the developments! I love reading about them!
Louisa

Hi Donna,

I liked reading about your recent successes.
You have so much going on. With your hands full I am sure you must be enjoying fulltime in RE as a BOSS.

Congratulations!!

Bimal

Louisa,
Thank you for stopping by. I have been trying to be more consistent with my journal. Plus its a great dairy.

Bimal,

LOL Yes I have a lot going on. But I do love it . I have had to make a few immediate changes. Now that I am there everyday I saw some changes that needed to happen. A little restructuring.. I will keep checking in.

Happy investing

Hi Donna,

I missed your chat the other day as I had to go to monthly religious meeting.

I just completed reading the chat and found it had loads of information. I didn't know you have to pay the agents to seek their assistance, as I believed they make their money with the commission they get.

Enjoy, the rest of your Sunday.

Bimal

Oh no Bimal you don't have to pay the Agent. She is an employee of mine and has been for 6 years, She got her real estate license at my request.

In property management a license is required to negotiate with owners and tenants. So she works 7 hours a day and 2 hours a day. I have her doing offers, flyers property research stuff for just investing, the rest of the hours she works for the property management business. So yes I pay her to write offers. However agents normal only get commission on sells, unless they work for a property management company.

I have 2 other agents that work in my office in the property management company.does that clear that up???

Awesome! Keep it rolling! I LOVE reading about your success and pushing forward as a full time investor!! I pushing to go full time within the next 6 months so I may be asking you a few questions. Happy Sunday! Thom

Thanks for the explanation.
I do follow now.

Bimal

Between you and Louisa, you gals keep my head spinning!

Karen

Woman Power!!! gotta love it