Reat to Own Deal Closed 2/5/14 = $3760

Yesterday

ACTION =

Marketing
- Seller agreed to a contract price of 40k.
- Put out Buyer Bandit signsm for wholesale property.
- Emailed property photo's and profile to investors
- Called 2 cash buyers to see if interested (1 no, on hold buying untill he sells a home and the other had to VM).
- Went to look at 1 seller bandit sign caller house.

Networking
- Signed up for NGAREI (North Ga. Real Estate Investing Group, $149 yr).
- Made more buyer bandit signs.
- Put together flyers for buyers.

"Make Offers, Make Offers, Make Offers" - Dean (Matt) P.154

Yesterday

ACTION =

Marketing
- I had the seller sign the assignable contract for 40k.
- I called the tenant to discuss rent.
- I called 2 investor to see if they were interested in buying.
- I put ad on craigslist.
- I put ad on eaby classified undeer homes for sale.
- I started some cash buyer signs to go out this Friday.
- I posted a Forum on DG.com asking for input on getting a buyer.
- I returned some calls from realtail buyers on my signs.
"Make Offers, Make Offers, Make Offers" - Dean (Matt) p.154

Yesterday

Marketing
- Emails and calls looking for a buyer for the home under contract.
Returned calls from retail buyers.
- Got signs ready for this weekend.
- Registered for a NGREI event this evening
- Placed home on postlets.com
- Pulled past cahs buy agent contact info. (she sold the last cash sale in that neighborhood).

"Make Offers, Make Offers, Make Offers" - Deam (Matt) P.154

Yesterday

Marketing
- Put ad on craigslist for the home I have under contract
- Put out bandit signs for cash buyers (House for sale, 75,000 - value, 44,000 - cash, xxx-xxx-xxxx)
- Put out retail buyer signs
- Spoke to a business owner about perhaps partnering on the home

Networking
- Went to my first GAREI meeting

Make Offers, Make Offers, Make Offers - Dean (Matt) P.154

Update

Well here is how this deal happened (read first 28 days of my 30 days to real estate cash to see action taken.)

- I put home under contract to wholesale on 1/31/2012 (yep 2012).
- I showed the home to all my cash buyers and callers from craigslist and sign callers.
- I had 2 investors and 3 retail buyers that said they would buy the house after the tenant was moved out. The tenant was a hoarder and the home a gigantic mess and filthy.
- I could only show the home after 5:00 and by appointment only. The tenant had 4 kids, 2 dogs in crates and 1 to 3 cats. She was taking advantage of the seller a elderly man (and he did not know what to do, felt sorry for her and let her manipulate him) and had gotten the rent down from $700 to $400 per month.
- I believed in this house and knew it was a deal its just no one else wanted to evict her or deal with the dumpsters full of a mess.
- After 7 months the seller said "I am backing out, do not sell it, thank you for efforts". I told him ok and I would stay in touch. I continued to place bandit signs advertising it etc.
- I ran into one of my cash buyer and he said do you have a house for me and I said yep and I convinced him to revisit the deal. He once again said get her out and I will take it.
- On Nov. 31st I call the seller, wrote a certified letter giving his tenant 60 days to vacate (she had no lease but seller did not want her to be homeless with 4 kids at Christmas), had him sign it and I mailed it. Gave her until Feb. 1st to move.
- Shockingly she called and was moved out by Jan 7th.
- BUTT she said her ex-husband was going to stay out her last 3 weeks - nice(Also, she did not pay Jan 1st rent so he was staying out her unpaid notice/days).- Then seller called and said the house was now really vacant because the police picked up the ex-husband at the house on a parole violation.
- So Feb 1st buyer walker over (not through still to much stuff left behind so he walked over clutter to try to inspect).
- He requested seller to get more stuff out and at least clean up some in bathrooms. They had been used with out water running, really bad!
- Buyer requested to pay $800 less so I reduced my fee from $3800 to $3200 and sell came down another $200 He was not going a penny under 40k then 39k down to $38,800.
- Feb. 2nd and 3rd more stuff removed and we were set to close.

- Closed today wholesale deal for $3200.

Key points
- I owe it all to GOD. HE gets all the credit and glory, I could have never done this by myself. The prayers to help the elderly gentleman, prayers to do the right thing for those 4 kids, 2 dogs and random number of cats, prayers to help me provide for my family and prayers for the buyer and his end tenant/or buyer.

- I did not quit on this deal. Slowed down a few times but never quit.
- By always being kind and considerate to sellers tenant, I continuously planted the seed "by telling her, it is just a matter of time. The seller has to sell and I will be selling this home soon (soon took 1 year and 5 days).
- Once I put the needs of the seller above mine and was mindful of the tenant the deal came together and closed. After awhile it was not about the money it was about being creative, helping others and creating a win win win win situation.
- I almost killed the deal on Feb. 3rd when the buyer said he may not closed and asked me to reduce my fee. I really got twisted when he implied he wanted my fee reduced not asking for reduction in homes price.
- I learned next time to be pre-prepared for that question. I had another buyer but I was scared the time it would take that the seller would change his mind and try to back out or die, lol.
- After getting that close I was not gambling on not closing this wholesale deal.
- Next time I will ask seller to discount, before I reduce my fee.
- The attorneys office was easy to work with and had no problem with my contract or assignment contract.
- Attorney did put me on the HUD as "assign of contract".
- Really believed that if I did not quit I would close a wholesale deal and "I did it".

Thank you to Dean for his books and this site.
Thank you to all the veterans and newbies here that provided encouragement over the years.

- On to the next deal. Bandit signs going out Thursday and Friday.

A few things I learned from this wholesale deal.

- Focus mostly on talking to sellers and making offers.
- I got caught up in a lot of the busy stuff that does not make you any money (letters to past cash buyers, mapping out my area etc.).
- Put out signs, make calls to owners then get buyers from the property you are trying to sell.
- Marketing, offers, research property, market some more and close is what has to be done to get paid. That was my experience on this deal.

Congrats on this one!

You have REALLY earned that diamond on this one!

Karen

Karen,

Thank you it was a exciting, learning and motivational experience in many ways.

hopefully the next ones will take less time to complete!

wishing you continued success,

Did this house lead come from one? Congrats!

Valuni,

Thank you for your kind wishes.

The next one will be much quicker.

thishousebuyer,

Thank you for the congrats.

Yes it did come from a Bandit Sign.
Better yet a recycled sign that I taped white paper over and wrote with black marker.

We Buy Houses
Any Condition
Phone number

Have a safe move. I use to live in South Carolina and loved it. I hope it will be a great home and new start for you.

I also got my 1st deal yesterday! $1,350.00 bird dog fee! so relieved about that, i see the last qoute is from 3 yrs ago so i would like to hear how it went down, congrats and i started 1 yr 1/2 ago so hey it's never too late, way to go!

Purchase price was $38.800
I wholesaled it for $42,000
Check at closing to me for $3,200.

Congrats on your bird dog fee that is awesome.

I have been working (and I still am) as a agent for 2 investors. I write offers and sell their properties. I need homes in Metro Atlanta area so if anyone has one please contact me.

Please post or PM me with any Metro Atlanta properties you may have tied up.

Good job Dan. Glad to see it working in your life. I am going to start Deans Book 30 days To Real Estate Cash also. Thanks for the motivation. Louis

Thank you,

Keep taking action and your deals will come together.

Thank you for the motivation and kind words.

My deal came through a bandit sign

Dan,Congrats,you are a great motivation to all on this site.keep us informed.Could you pm me the company address/website where you get that duck oil from.Seem's to be working well for you!))) All the best Chuck.

Thank you Chuck,

I appreciate your kind words.
Money can not buy that duck oil, lol
That duck oil has to be acquired from having experienced setbacks to the point that your desire to accomplish your goal "truely" outweighs your willingness to settle and not accomplish your goal. That was my experience on this deal. Best wishes and I am pulling for you. You too can do it.

I am glad to see that you have cashed a nice one. I am very happy for you Dan. I knew right from your first post you would never give up and I was right. Now go do it again...Jan

Thank you Jan, that mean a lot to me coming from you. Thank you again for your motivation in the beginning, middle and now. You are appreciated.

Instead of waiting until I assigned this one that thought I would go ahead and post and maybe it will help someone else take action.

I have a property under contract.
Here is how I did it.

I put out bandit signs (we buy houses, any condition, my phone number, www.danbuyshomesfast.weebly.com) and a guy called and said he had a house to get rid of.
I asked him about the house. Wrote down details.
Researched the home online at tax site, zillow,and MLS.
2 recent sales with last 4 months same street at 51k and 35k.
I went to inspect the home.
This house is in West Atlanta and is in badddd share. House needs 18k rehab.
Said he would sell for 10k. I negotiated down to 8k and he signed a contract (The same contract found on this site under Forms section to the left).
This home will have a 60% to 75% ARV (after repair value) depends on work done & buyers cost.
Next I started putting out signs House for sale, $12,000, my phone number).
I posted property in craigs list, postlets and blast to my buyers list.

I am getting a lot of calls and some interest. I have a code box on the home so I
do not have to show every time some is interested. (cost $20 bucks).
Every one that calls that is a investor or real buyer that calls I put into my buyers list. I take the name, number and email address. I put them in contacts in gmail. I can then put a free ad in craigs list copy it a send it to all of my list in about 2 minutes.
This one is about as basic as it gets. I put out signs to buy. Answer the phone, talk to callers and inspect/research the home. I put out signs to sell, take calls and answer questions.

Keep taking ACTION, Learning and Growing.

Hope that helps someone else to take ACTION.

Best Wishes!

"Now lets go Wholesale some Homes"

You are on your way now! Just the beginning, it will only get better now.

Congratulations,

Michael

It is very good to see that there are people out there that are starting. There are a lot of places and people that will talk you8 down, best place to be is in here. I limit myself to only places that will uplift my desire to succeed in this dream of mine. So, yeah, stay in here and take as much as you need and there are so many people in here that are like minded and are willing to help.

Michael, I appreciate your inspiration, acknowledge and experience. I am grateful to have your help. What a blessing you are to everyone on this site.

Lihpaid, Thank you for the post.

"Now lets go Wholesale some Homes"

Update,

- Assigned the contract today (today is day #19 of this deal). Closing next week.
- Collected a $500 non-refundable Earnest Money Deposit.
- Turned in contract to Attorney to pull Title and prepare for closing.
- Put the buyer in my Buyers list.
- He also wants me to find him a new primary residence as well as more wholesale deals.

- This is a very basic deal
1)- Put out a "We buy Houses" Signs
2)- Took calls, negotiate a contract
3)- None of my buyers on my list would buy in this low price range in Atlanta
4)- Put out "House for Sale Signs" $12,000 and my phone number
5)- Took calls, negotiated a contract. The title /closing will be ready next week. Then I go to closing to get my check, $1,500 - $2,000. Not a big check. But a solid little deal that looks like it will lead to more deals and a opportunity for a big deal when I find him a primary residence to buy. Approximately 5 hours in this deal.

Hope that help someone to take Action.

This was a 2/1.
The back roof had fallen in and the home needs about 20k in repairs.
I did not need to do a lot of inspection due to it is a mess and the buyer would have decide how much rehab to do. Kitchen,bath,drywall,floor and new roof.
A owner of a construction company is the buyer. he is going to add a bedroom to make it a 3/1 and hold and rent it.