This was a quick co-wholesale. Fellow wholesaler called me with his deal. I sent one of my students over to check out the level of rehab/remodel needed. I let him blast the deal to his buyers. Got the numbers together and made ONE phone call to a buyer I have sold properties to in that very neighborhood. Then I blasted out the property on one of my buyer websites. I got this deal on Saturday and had it under contract Monday evening. The one call I made turned out to be the person that took this deal.
This buyer bought at 76.5% of ARV minus repairs. Had I stuck to some rigid formula I would have let $2,000 walk away!
ARV is $225,000
Rehab/remodel is $20,000
Buy price was $152,000
Follow wholesaler had it at $148,000
We split the $4,000 fee.
Deal closes July 13th. This is the day I fly to Georgia to spend time with students in Georgia, Alabama and Florida. A two week "business trip"!
Thanks Dean! What you teach works. This was ANOTHER 00000 out of pocket deal.
Without a property (your product) EVERYTHING else is a waste of time. Concentrate on acquisitions!!
Make some offers today!!
Michael Mangham
Mentoring/Team Building Nationwide
MD Home Acquisitions LLC
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Hi this Amer,i been on here for a long time and i can't get a deal done yet.
Keep trying, change what you are doing that does not work. How many offers have you made this week?
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Sir Dean, this was off the hook! You plugged into a theme I have been trying to bring home to others. I though you dod such a good job that I posted this on my Face Book page with my own comments, about how our Emotions Go, so goes our Realities... Thank You for these wonderful Words of Wisom, Joseph Reesha FB id