OfflineI am on my way to a first Deal! I found a house for sale by owner, posted bandit signs, found a buyer for 3000.00 down 700.00 a month. I am going to do a sandwich lease on the property, offering the seller, 1000.00 down and make his payments for him.. I should come out with 2000. and a monthly cash flow of around 200.00. With a minimum of a two year lease, if the buyer doesn't want to buy after 2yrs, I will re-negotiate the lease and I have a property for 1000.00 down with none of my own money! How about that for a first deal! I will keep you posted on my success! So, for all of the people that say this doesn't work, I say try and see! Get motivated, get out there and as Dean says.. Just DO IT ! Kevin
* I have met with the sellers and it is a go! Have the figures in line and won't cash flow much after the payment and rent credit, but hey gotta start somewhere, The most important thing is, the sellers are very flexible and are willing to let me take control of the property. I have buyers/tenants for at least two years, and getting some money down. On to deal number two. For those of you who bought Dean's books and are sitting around not taking action because of fear, I will say this, Don't let your fear of failure be greater than your desire for success.. Get going, make it happen, believe in yourself, you never know what will happen unless you try. Ask questions, do your homework. Best wishes to all! Kevin
Hey Kevin...
Great Job! That's Smokin for a first Deal! Way to go! Keep up the good work!
Ted
Ted Peterson
New RE Investor
ted@funmeetingsnow.com
http://tappowerhousemarketing.com/
Alright Mr. Kevin that is the way to step in....Just Do It...I love it. I can feel your fire has I read your post. Keep it coming. Much Success to you.
Erika, REI
Brownstone Investment Group
405.748.0734
www.facebook.com/Erika.Coleman
www.twitter.com/brownstoneREIgr
Job 22:21 Submit to God, and you will have peace; then things will go well for you.
Job 22:28 You will succeed in whatever you choose to do, and light will shine on the road ahead of you.
Deut 28:8 The Lord will guarantee a blessing on everything yo do and will fill your storehouses with grain. The Lord you God will bless you in the land he is giving you.
Nice to see another from Ct. jump in. I used to live in Wallingord. Miss the area big time. Good luck in your new life in REI. Keep posting and learning. It will come to you....Jan
You are doing good. Hopefully you can put this deal together and make it happen. Be persistant and never give up and big things will happen.
Jeremy
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams
Bruce Springsteen
Yo Kevin,
Fantastic job. You must be really excited. I'm a little jealous, OK a lot jealous. I haven't done my first deal yet, but with some luck it won't be too far off. Keep up the great work and keep posting, I need all the ammo for inspiration I can get. Once again, Way to kick butt....Johnnym66
jm66
Great job Kevin!
Kurt A. Conway, MSHA, President
The Conway Financial Group, LLC
Real Estate Investor
kurt@tcfghomes.com
Thanks Ted, these comments back motivate me even more. Best of luck on you success!
Thank you! It will happen for you as well, I am pumped, have had 3 calls in two days wanting to rent to own, I just don't have enough houses yet, had I owned 3 They would have all been gone!
Thank you! It's nice to see the DG family stepping in and being supportive!
Jeremy, thank you as well, I am hopeful and thankful for my family here. You guys rock!
Jan, I can't thank you enough for your kind words. Actually I live in Ky. and there are deals here that are though the roof! I saw where Rina is looking to network, hey, there is enough to go around! Rina if you get to read this, mail me your info. and I will jump on board! I am learning and making some good contacts, Thank you to all who post on here and have already became seasoned! Don't let fear stand in the way of anyone's success! Research and talk to people, you never know who is looking just like you are that have funds and or resources and is motivated to help. We are all in this together. Thank you to everyone!!
Great work finding that owner and getting a buyer to lease the property so quickly. You are definitely on the ball! Best of luck and your post was the poke I needed to get my ghost ads posted even though I don't have anything locked up completely yet. Keep up the good work.
Kristin
Great work finding that owner and getting a buyer to lease the property so quickly. You are definitely on the ball! Best of luck and your post was the poke I needed to get my ghost ads posted even though I don't have anything locked up completely yet. Keep up the good work.
Kristin
Somehow my computer got stuck and it sent the post twice. Oops!
Kristin
Thanks so much! to you as well!
Thank you Kristin as well, I can't seem to thank everyone for the support and confidence it has given me to get on here and get motivated. Let me know how ur doing! thanks again!
That's Great! Good for you,hopefully the rest of us who haven't gotten our first deal will follow your lead. Again, congrats and I hope many more deals will follow. Sincerely,
Vicki
Count your garden by it's flowers, Never by the leaves that fall
Count your days by golden hours, don't remember clouds at all
Count your life by smiles, not tears, and with joy on every birthday.
Count your age by friends, not years
Author Unknown
Thanks Vicki, everyone here has a strong desire to make it in REI, I know when you have free time, use it wisely. Your deal will come, I'm working on mine as we speak..I'm being positive either way! Don't let your fear of failure be greater than your desire for success!! Kevin
Congrats on your first deal success. I love sandwich deals. Keep us posted for more deals.
Harry F. D'Elia III
REALTOR
Congrats on your first deal, and if the sandwich doesn't work go to Plan B, C, D, etc.!
Peace and Blessings,
“Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light not our darkness that frightens us. Actually, who are you not to be? You are a child of God. Your playing small doesn’t serve the world. There’s nothing enlightened about shrinking so that other people won’t feel insecure around you. We were born to make manifest the glory of God that is within us.”
- Nelson Mandela
Congratulations on your first deal and welcome to the DG family!! You are already on your way. Keep up the good work, don't take no for an answer, and don't let others talk you out of doing your thing. Job well done, now get back to it.
Congrats on getting it done and soon to move onto more deals. Just make sure you have all the minor details worked out as well and go over everything with a fine tooth comb, insurance, coverage, title all that good stuff.
John 14:6
Sounds like you are off to a wonderful start! Keep up the good work!
Sounds like you are off to a wonderful start! Keep up the good work!
Congrats on your 1st deal and many more
to come. You're on your way
George41
George
Way to go! Once you get one done it's alot easier to move on to a second then third
hi my name is Ej im new to all this and i really dont know how to start and i dont know how to get my buyers list going and how to find house and connect them i dont know how to do anything can anybody share some light this way please!!!!!!!!!!1 this is an official cry for help
Hi EJ, Have you read Dean's books yet? If you have, take notes, be specific on your questions. We are here to help you. Post bandit signs. Put ghost ads in on craigslist, Drive around and look at FSBO or signs of neglect or vacant houses. If you can't locate the owner, go to the county courthouse, tax records to see who owns the property and address. Hope this helps some. Best wishes, Kevin
You can also try calling any rentals you see and ask if they are interested in selling. Sometimes lanlords get tired of being landlords and just want out. You can also get your buyers list going by calling 1800 numbers you see that say we buy houses. Those are investors as well. Just ask them if you can add them to your list of buyers for the properties you find with great discounts.
I am closing on my first deal tomorrow!! YA HOO, 3000 for less than 4 hrs work!! Try that on a day job..lol