$36,500!! Did it just how DEAN says to do it!! CLOSED 5/14!!!!!

It was really easy. I got the properties under contract and had 48 hours to supply the earnest money. I got the earnest money from my buyer. Her earnest covered the earnest I would have had to put up! O money out of my pocket!!

Michael

That makes me really excited. I understand now. Keep doing your thing. I am looking forward to making deals and money just like this example you have set forth. And thank you so much for your help. I really appreciate it!

Don't want to be a worrisome, but I am wondering if you can tell us newbies how to figure out what the neighborhood standards are when renovating/remodeling? I have heard before then you can't really renovate so much that you throw all of the neighborhood, is that correct?

You definitely don't want to do granite and stainless in a painted appliance and formica neighborhood. I like to be the nicest house on the block but don't exceed the neighborhood standards. I base my offer on the amount of rehab/remodeling needed and the ARV that the rehab will bring. To determine this I look at sold comps that were nice, NOT dumps, REOs or short sales and go out and look at currently listed properties. I see how they are remodeled and what they are asking. This is how I determine what is going on in a certain area. The key is knowing the market in the area you are looking at street by street. Once you have done this research on a property the next time you are looking at a property in that area you will have a decent idea of ARV. But be CAREFUL, comps can and will vary street to street.

Michael Mangham
Mentoring/Team Building Nationwide
MD Home Acquisitions LLC

That is great finding a deal like that right in a row! I guess driving for dollars really does work! Great find and carry through on the deals and knowing what to do with them.

I definitely appreciating the info, Mike.

Closed on this one at 11:00 this morning 5/14. Walked out with check in hand for $36,500.

Thanks DEAN!!

Have a closing on Tuesday the 15th, Wednesday the 16th and Friday 18th!! Will close on $56,500 worth of wholesale deals this WEEK!!

I have stopped counting deals! I just count CASH now.

Michael Mangham
Mentoring/Team Building Nationwide
MD Home Acquisitions LLC

Michael,

All I have to say is; you KILT IT!!!! It is DONE!

I AM inspired and ready for some of these (ANY) deals. I know it will be soon!!

Congrats!

It is just a matter of time for you!! You are taking action, just got to increase those offers.

Michael

I'm going to drive my neighborhood,for rent signs,and FSBO.

Don't forget estate and garage sale signs.

Michael

All I can say is, Wow!

Thank you Mark for explaining it a little more below, I had the same questions like Machael Mingham asked you. I am glad you explained a little in details, because i am doing in right now too - driving around and looking for signs, so I hope to get the first deal soon! So nice to be inspired by people like you - who just do it! My husband and I split the work and are trying, maybe we`ll write about our first deal soon too!

Congrats Mike!!!

Many Blessings on all your future deals.

Dan, you are on the right course, it is only a matter of time! Keep doing what you are doing. TAKING ACTION!

Bobbie, Thank you!

Michael