My largest check to date on a single property.... I AM SOOOO PUMPED!!!!!!

My largest check to date on a single property.... I AM SOOOO PUMPED!!!!!!

I received my largest check to date on a single property today... $25,000.00!!!

I have done many wholesale deals over the past years making 5k to 10k and one time I got a wholesale fee of 12k on a deal. But I did this deal a little different and it resulted in a check for 25k!!!

I had a 5 unit building that I was able to negotiate down to 135k. That's a huge discount considering this property only needed about 40k in rehab and had the potential rental income of $5,500 per month. So instead of simply wholesaling the deal I found a partner who had the cash to purchase and rehab the deal. I allowed him to take title to the property since it was his cash and I simply put a $25,000 note and mortgage on the property to protect my interest in the property.

The rehab was completed last week and we mailed a letter to a buyer who recently purchased a 6 unit in the area to see if he was interested in possibly buying ours. He immediately called my partner and went to look at the property. Which was a good thing that he called him instead of me because it turns out his religion did not allow him to shake a woman's hand and did not believe that women should be in business... I KNEW HE WOULD FOR SURE NOT LIKE ME...lol so I stayed silent in the process.

Long story short him and my money partner decided to partner on the deal and keep it so I was cashed out of my note and mortgage for $25,000.

Now remember I used NONE of my own money in this deal and NEVER had to access my credit for approval. I closed on the property on December 30th and was cashed out on March 17th (who says St. Patty's Day is not lucky? Smiling )

I have attached a copy of my check to motivate you to KEEP ON PUSHING!!!! Don't give up, get creative and make it happen!!!! Ahhhhhh I am so PUMPED!!!!!!

__________________

Do not fear, for I am with you; do not be dismayed, for I am your God.I will strengthen you and help you; I will uphold you with my righteous right hand. Isaiah 41:10

http://realwholesaling.com FREE wholesaling tips and resources!

To your success,
Carol Stinson

File Attachments
Main St check.PDF (275.78 KB)

Edge Event!

I CANT WAIT to be able to go to the Edge event! it will probably have to be next year for me! I will succeed and join you guys their next year(:

__________________

yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the "present."

"Be not afraid of growing slowly; be afraid only of standing still"


Congrats

So awesome! Glad you are doing well...

__________________

Don't Wish the Past, Create the Future! - DH


Congrats

Carol,you are the best.Green.$$$$ on green day.And thank you for being you.
All The Best
Chuck


Awesome!!!

Super Sweet Thinking!!

________________

Maurice


Wow!

Hey Carol,

Your Family must be so proud of you! thank you very much
for posting your triumphs, it gives us all encouragement.
You Are My Wholesale Super-Hero!!!

__________________

"Do, or do not. There is no 'try'"
------Yoda

Think, say and do what is right; refuse to think, say or do what is wrong.