OfflineHey everybody. I just wanted to report in that I have completed my first deal. So here is the story. The house is a HUD home, 4 bed/2 bath, .50 acres, I was going to submit a low offer and I was going to fund it using private funds do a little rehab and then show it to my buyers. My partner providing the funds backed out. My other business partner who was going to help me rehab it backed out because he is currently campaigning for city commisioner which is taking all of his time. AHH!!.... Frustrating!!... So I just started calling of my buyers to see if they were willing to do a finders fee agreement if I just found them a house. Apparently that was the right choice and the only other option for me at this time so I made it work. My buyer happened to be my real estate agent. The thing that made this house unique and not many people know about it is that you can only bid on it electronically and their are only 2 agents out of 40 in my home town that know how to do that. LOL. She happens to be one of them. She hasn't even closed on it yet but plans to live in it herself. She has already given me the check. I ended up making $1,000.00 with only 1 hour of my time into this. That's what I like to call NO RISK and NO MONEY DOWN!! I have another deal that I have located for an investor and if all goes through then I should make anywhere from 3k to 4k. Ill keep you all updated.
Until then, best of success to everyone in real estate investing!!! Godspeed
Josh Ogden
Great follow through Josh. As the saying goes."There's More Than One Way To Skin A Cat", and you gottr done. Congrats & keep up the good work!
JEROME D. BUGGS-St Louis
"FUTURE MILLIONARE"
There is more than one way to skin a cat.... I agree 100%. Keep an open mind and look at all your options! My second deal im working on is looking good so far. I may get another finders fee. Thanks again for the comments. Good luck with your real estate investing jeromebuggs and remember to always keep pushing forward when it gets tough. God helps those who help themselves.
Godspeed
Congrats on the first deal and good luck on the next. Keep us posted.
Rick
Rick Merritt
Trident Realty, LLC
Weak is he who permits his thoughts to control his actions; Strong is he who forces his actions to control his thoughts. --Og Mandino
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Way to go. Way to persevere through frustration. Where there is a will there is a way. Did u get some solid confidence out of this deal?
Don't Count the Days, Make the Days Count!!
Yeah I felt great after I got this one accomplished but I still need to do at least one more to keep the confidence up. It definately planted a seed. I have been calling and talking with more buyers with confidence though. That's definately an upside. Keep pushing forward to get a deal done if you haven't already. Once the seed is planted, keep giving it the nutrients that it needs and it will grow.
Thanks again
Way to utilize your exit strategies! Happy for you!
It is CERTAIN you will succeed!
YOU DID IT!!! Way to go. Keep up the good work it paid off for you. As they say it gets better every time you do it.
Bertha
Thank you
Josh congrats on the first one under your belt. we say even if the amount is small it is a step in the right direction. Also I trully learned from evryones comments that u need to have plan through z ready. heading to a large networking event in our area soon. We are hopeful to get our buyer's list started from this event and have the bird dog/assignment fees roll in. One of the key phrases I hope everyone stays with is K.I.S.S. (Keep It Simple, St....).
thanks for the inspiration.
Deb and Bud
Thanks again guys. I have been working toward my second deal slowly but surely. I have gotten really distracted with my normal job but look forward to getting another one done here shortly.