OfflineI am sooooo happy, I finally did my first deal, after seeing our fearless leader Dean on tv and ordering his
Awesome book How To Be A Real Estate Millionaire in 2008,4 years ago when I started my journey . I think most people would have quit but not me.I knew I could do it.But I did not think it would take this long.I've heard the first one is the hardest to get and then it gets easier.I hope that's true. How did I do it? Not by myself.I found a mentor coach in Los Angeles and started taking Action.We work together and make offers, it was a short sale, we put it under contract for $155,345 with a 3,500 deposit and The Realtor called me and said your offer was approved.Cool...Then started marketing the property to find a buyer, a wholesaler called and said she had a buyer for us. we got a non-refundable deposit from the buyer $5000. This is key! when they want to back out of the deal.We sold it for $166,000. Turns out we know the guy, we saw him at another property a few weeks earlier.We called escrows and found out its very hard to do a back to back close here in CA. No more A to B - B to C. So how the heck did we close it? Buyer became our private money lender for a day.
Ask escrow to secure a Deed of Trust. Basically put a lien on the property and Quit Claim yourself off of it. Then Give the buyer a Grant Deed at the closing. when Our buyer wanted to back out, we said no because "if you do that you will lose your deposit". He was mad... but so what "Just close the deal and let's be friends again". And so we did. Now let's go get Deal number
2. You can do it guys just keep going. don't quit.
Bryan
Think positive and make offers.
Good for you! Congrats on hanging in and on your first deal!
That diamond will be appearing before you know it!
What area was your house in? I am in So Cal also.
Karen
"You're never too old to be what you were meant to be!"
www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...
"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"
After it doesnt matter how long you take to make that first deal all that matters now is that you DID IT!! now it should be a little easier and like Dean says, after the third one the one that changes everything. (: congrats
Robert.
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"
Thanks Karen,
It was a SFR in Los Angeles
90047.
Think positive and make offers.
Thanks Robert,
I like that, also cool pic. on your profile. What part of the country are you in?
Bryan
Think positive and make offers.
Congrats Bryan on your first deal. Way to stick with it.
Chris
In order to Succeed your desire for Success should be greater than your Fear of Failure. Bill Cosby.
Some people dream of Success.... While others wake up and work hard at it
Join me on Facebook. www.Facebook.com/ortizrealestateinvestments
That is called a dry closing on steroids! LOL Way to go! WE have to do some crazy things here in LA to get deals closed! Good ol' difficult CA!! If you can wholesale here you can wholesale ANYWHERE!!!!!
Congratulations!!! What inspiration to others trying to wholesale here!!
Awesome book How To Be A Real Estate Millionaire in 2008,4 years ago when I started my journey . I think most people would have quit but not me.I knew I could do it.But I did not think it would take this long.I've heard the first one is the hardest to get and then it gets easier.I hope that's true. How did I do it? Not by myself.I found a mentor coach in Los Angeles and started taking Action.We work together and make offers, it was a short sale, we put it under contract for $155,345 with a 3,500 deposit and The Realtor called me and said your offer was approved.Cool...Then started marketing the property to find a buyer, a wholesaler called and said she had a buyer for us. we got a non-refundable deposit from the buyer $5000. This is key! when they want to back out of the deal.We sold it for $166,000. Turns out we know the guy, we saw him at another property a few weeks earlier.We called escrows and found out its very hard to do a back to back close here in CA. No more A to B - B to C. So how the heck did we close it? Buyer became our private money lender for a day.
Ask escrow to secure a Deed of Trust. Basically put a lien on the property and Quit Claim yourself off of it. Then Give the buyer a Grant Deed at the closing. when Our buyer wanted to back out, we said no because "if you do that you will lose your deposit". He was mad... but so what "Just close the deal and let's be friends again". And so we did. Now let's go get Deal number
2. You can do it guys just keep going. don't quit.
Bryan
i am located in central california!(: about 1 hr west of the sierra mountains. Thanks i love corvettes theyre amazing cars!
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!
I bookmarked this so I have that method down. Will have to reread it when my mind is not so tired.
Karen
"You're never too old to be what you were meant to be!"
www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...
"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"
Congratulations Bryan! And thank you for sharing the details! (Helpful for newbies like me!)
Good luck and best wishes!
Cris
Great job!!
Way to stick it out, if we keep moving forward we will succeed
On to # 2
Matt B
Wow...you really are persistent!
I'm also finding out that it takes a lot of that!
Thanks for your encouragement.
Linda
"...be; not greedy for money....but eager to serve"
1 Peter 5:2
persistence, determination, and creativity at its best!
Looking forward to hearing more of your deals in the near future!
Congrats!!
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
now that is persistence! Way to go and I hope the next deals do come quicker and easier.
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
Hi Byski, were soooooo happy for YOU!!!!!!!!Isnt this fun, way to go, Jim
jbischoff
Never give up.
That was very smart!
Tom and Jeri
www.TuCasaInvestors.com
www.TuCasaRealtyllc.com
Keep going there is more to come!
"Don't tell me I can't, Tell me how I can."
Really good job. Now its on to your next one. Keep us posted on how you are doing.
Take care
Curtis Fillers
(Charlotte,NC)
Sweet deal, #2 is right around the corner.
SEMPER FI
GET SOME!
Nice job! How does that make you feel
Now go get your 2nd one
Success to all!!!
John and Julie Wakefield
JCW Properties, LLC
Great Job!!! Bryan, Thanks for sharing the process.. It's definitely help our newbie's out. Appreciate your generosity in your experience. I'm in Corona, Riverside. Would love to work together and learn from you!
Also thanks for hanging there long enough to make it happen!! That's motivation!!
Proud of you!!!
Li
Never Give Up!!!
I'm inspired! Let's hope it doesn't take 4 years for me though!
Blessings, Joy
That's a strategy worth bookmarking and learning! thank you for sharing it.
Shirley
Everything works out in the end. If it hasn't worked out, it's not the end.
You have not lived a perfect day, unless you have done something for someone who will never be able to repay you. Ruth Smeltzer
It is what it is 'til you change it.
That's a strategy worth bookmarking and learning! thank you for sharing it.
Shirley
Everything works out in the end. If it hasn't worked out, it's not the end.
You have not lived a perfect day, unless you have done something for someone who will never be able to repay you. Ruth Smeltzer
It is what it is 'til you change it.
Congratulations !
It is not how long, but only that it is done. now on to the next.
Sandra
"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.
Great job Bryan! So proud of you and your persistence!!
Leilani
_________________________
Way To Go. Keep It up