KEB'S later years

Bump

Hey Tony
Hope to see you at the edge. Just come up and say hi if you see me there because you know that there are tons of people running around. Keith

THE EDGEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE is almost here....

Woo Hoo !!!! See you there

im looking forward to meeting everyone at the EDGE.

Aaron

I sent out 25 yellow letter on Monday and Wednesday I got two calls. The first was an older man that stated he would live there until he died. The second was just starting probate. But, the point is that is a 9.5% call back rate and I am sure I will get more...Always do a few days after...NOW GO GET SOME...

April was a slow month for deals only because we worked on company stuff so that we are ready for all the things to come. The student part was great with us opening a new rei club in Atascadero and another one in Paso Robles in the middle of this month. We will help build them up then let someone take over and run them. Signed up two one on one students and we are helping them set up their IRA's and so forth. Now, it is back to the deals this coming month...NOW GO GET SOME

I had set a big goal when I started doing real estate several years back to become a accredited investor. To reach that goal you have to have seven zero net worth and it has to be verified by a lawyer or ? This puts me and our company on a whole new playing field with banks and asset managers. Fun stuff ahead.... NOW GO GET SOME...

The next two months are going to be tons of brain food for our company. We have training next week (all week) with Brendon Burchard in San Jose,Ca. Then two weeks later we are off to the edge in Az, then we are in Vegas for Russell Brunson so we can get our sales funnels set up better. Have been working more on company set up and laying out agreements with others to partner up on training/educational material. It's a big world out there so you have to tell the masses. NOW GO GET SOME

I am out the door in the morning to san jose to burn stuff into my brain about getting our business moving to the next level. See you in a week..

See you at the EDGE!

Michael

I look forward to seeing you as well. Keith

I have not posted here in a few months but just got offer approved and thought I would share.
The Deal:
3/1 in Ohio
Great area
arv is 45-50k
rents are 650
Needs maybe 2k in repairs
bought it for $8,500
from bank asset manager off the 400 they sent..OMG
I will lease option it for 2.5k option fee and 700 per month for three years (then sell for 50k) That's a .98 cap rate the first year and I can't even figure the total return because of the other two years and the buy out at the end...

LOL Don't you just love it!! Keith I cannot believe how we have all grown since last years EDGE. MINDSET and determination. I cant wait to see you !

Hey we are just a few days away. We are coming in Thursday so that we can get a rub down before we start the weekend. It is our treat for the year just like the edge...We got hooked up with the banks now and OMG are the list crazy..... Will tell you all about it.....See you soon.. Keith

Just wanted to say thanks for sharing the stories of success with us DG members! It's great how you've helped so many families along the way.

If I can do this you can as well. Where are you at today with getting there? What do you need going forward to get there? I look forward to reading your post here..Keith

I appreciate it. I just need to make it happen by taking the path that will lead me there.

Dan
Only you can find what you are searching for. It is out there trust me! OK is a good market from what I hear so, you should have no trouble finding a family to help get out of a home and one to help get in. NOW GO GET SOME..

Hi All
My company hosted it's first REI club meeting last night in a new area (paso Robles) to help build their REI interest up. We ask for some members of other clubs to find new locations in different cities up the coast to expand our reach and to open up new markets. This is the second new club that we have opened in the last two months. It went well last night with 10 people showing up for the first meeting. The room was at the Paso Robles Inn which is a land mark hotel from the 1920's. Room was free when people buy food which I liked. We ended up with a new investor out of the group which was well worth the two hour drive each way. Just wanted to write here to show what is possible if you really want things to happen. NOW GO GET SOME

Hi All
Just got back from four days at the 2015 funnel hack event in Vegas. It was an eye opening event to say the least. Crazy deals and money being made on the web everyday and now it is time to put what I know out there. I will post as we go through the process. NOW GO GET SOME

I posted about a condo wholesale that one of our students brought us. Today the home inspector went through and once we get the report back we will close on the 15th of july. I expect to make a great return on this one because of it's location and views of the water from the back of the unit. I think there is only two for sale because no one ever moves or they go so fast (yuppie area). Bought for 77k plus 3,500 to student for fee. Will lease option it for 10-15k option fee and 1,200 per month. Sell at the end for 150k.. OOOHHHHHHH YEEAAAAA

good to hear from you Keith and that you are rocking it as usual! working on deals myself will post soon on my deals. be well.

Hey Tony
Glad to hear from you as well. It slowed down for a few months but seems to be picking up again now. As always, we are looking for more OPM so if you have it or know of people looking to put it to work as a joint venture then, send them our way..Keith

Today we placed 7211 amherst in escrow for 31,500 all in. The list price was 44,500 and for some unknown reason it was sitting on the market (price). Had it inspected and it cleared with flying colors so I made the offer.
Exit Plan: Lease option of 3k, 750 per month lease and a sales price in three years of 50k
Numbers:
3k plus
750 lease for 36 month= 27k
50k - 31,500= 18.5k
For a total of $48,500 plus my 31.5k back
They pay taxes ( i let them write them off), they get to fix their credit (we help with reporting),They pay for all repairs but I will pay for three years of insurance because it stays in my name until option is done. Win , win win all the way around..NOW GO GET SOME

Getting on plane with Roberta to go see the new buys and spend time with two students while there. Have 12 homes lined up to view and make the right offers on. ON THE ROAD AGAIN..lol

Keep it going Keith and Roberta!
I love you exit plans you are posting!

love it man its awesome your lease options, so you purch the hm off the MLS & then lease option it out?

man that is cool you are traveling I want to travel after a few more deals well I will go to Baja since i am next door go whale watching, you ever been?

also will let you know of anyone int in investing with you i know/have 97 buyers onn my list & some of them do invest in rest of southern ca.

Golden Tip and Proof it all works.

Hi All My DG Family

Roberta and I just got back from a two and a half week training and house buying trip in four states. Yes, that is four and yes I am whopped. But, I wanted to share with you that what Dean teaches and what we twist and turn from those teachings works and works well. Below are the five deals already accepted on homes in Ohio. On average we paid 28.2k for each home and averaged a 30 cap rate as far as ROI goes. I used my rules here of, if the house is in a good growing area, is a 3/1 min, is less than 50k, needs less than 7k in repairs and there is a spread in the ask and arv price then I am in. The counter offers came back about 1,500 to 2,500 above my 65-75% of ask offers...really DEAL. They are all going to be lease options with 3k option, 850 per month and a 20k add on at the end. Oh, and they are all no money out of pocket deals... Do you still think that you can't do this. YOU CAN....AND I BELIEVE IN YOU SO GO DO IT.....

Hi Joe,

Here are the 5 offers:

_________________________________________

13609 Oak Park Blvd

$37,100 Cash

Trust Name: 136XX09 XXXXXXXXX Trust
__________________________________________

11809 Darlington Ave

$20,100 - Cash

NOTE ON CONTRACT: (i forgot where on contract Dennis noted this) ----- Buyer not asking for repairs however is noting offer reflects need for new roof, carpet and missing hot water heater.

Trust Name: 11XX809 XXXXXXXXXXX Trust

_________________________________________________________________

5365 East 131 St
$26750 - Cash

or

$30600 Owner Carry 4% Interest; 10 years, $5000 Down

Trust Name: 53XX65 XXXXXX Trust

________________________________________________________________

5502 East 135th

$26750 Cash

Or

$30600 Owner Carry 4%, 10 years $5000 Down

NOTE ON CONTRACT: (i forgot where on contract Dennis noted this) ----- Buyer not asking for repairs however is noting offer reflects need for new extreme concrete work

Trust Name: 55XX02 XXXXXXXX Trust

__________________________________________________________________

123486 Darlington Ave

$24635 Cash

NOTE ON CONTRACT: (i forgot where on contract Dennis noted this) ----- Buyer not asking for repairs however is noting offer reflects need for new extreme concrete work, as well as, garage floor replacement.

Trust Name: 1234 XXXXXXXXX

________________________________________________________________
All contracts.....for all offers now & later:

All $100 EMD upon acceptance

30 Day Close

No survivorship

Signed by XXXXXXXXXXXXX

XXX-XXX-XXXX

Address: XXXXXXXXXXXXXXXXXXXXXXXXX

MUST HAVE Wording on all contracts: All proceeds in excess of buyers closing costs will be returned to XXX XXX XXX, LLC (above address).

Please let us know if we missed anything or if you have any questions,

Thank you
XXXXXXXXXXXX

Man oh Man did we smoke these deals...Lord I love this stuff.
__________________

Not having a goal is worse than not setting one..
http://www.deangraziosi.com/real-estate-forums/investing-journals/92139/... -
http://www.deansmedia.com/play.php?vid=266

Got another accepted friday night. This one was an offer from our big east coast buying trip in ohio. The property was listed for 54,500 then dropped to 49k the week we arrived. The Average sale price for similar homes $54,434 11% above listing price. We offered 40k and the took it. I would have liked to shaved another few grand off but the arv was in the 60's so I think we are ok with the deal. We will Lease option it out like always. House only needs a few things to be 100% ready. That is six deals on this trip so far and we are working on the big six plex combo now...fingers are crossed booooyaaaaaa