Did three wholesales this week, under contract and sold. All with non-refundable earnest money deposits in the bank. All my earnest checks covered!! Will close these while I am out of town on vacation and doing student meetings in Georgia, Alabama and Florida.
Two were HUDs and one was a B of A REO.
All were under contract within 24 hours. I think I have made over 50 offers this week and 50 the week before. So 35 to 1!!
Deans training works!
None of these were high dollar deals for me. Will double close all three. Should net $3500 on each one.
$10,500 total. Can't complain I guess.
More to come! Its only the 11th!!
PRAISE THE LORD!!!!!!!!!
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
Awesome!! Cant wait till I do my 1st!! I got my 1st cash buyer today,Yippee!!
Its funny, when I see a posts out there and people making things happen I think I wonder if this is another one from Michael. Last 2 I picked before even opening up. I have a deal locked up, closing Aug 7th, hopefully doing a double closing with a builder buying it an hour later. A realtor called my realtor today about a house we were interested in a few months back, told my realtor to bring any offer and my realtor seemed to have a certain figure to go in with, so that goes in tomorrow. Sent out 250 letters to ansentee owners yesterday, have 2500 more names to go through from a list we purchased. I guess I'll be taking letters 101 when the first call comes in. Keep making deals and pushing us! THANKS for being out on DG actively and keeping us motivated!
SEMPER FI
GET SOME!
Michael,
Congratulations on your deals and I wish you continued success!
Thank you for sharing.
Kurt A. Conway, MSHA, President
The Conway Financial Group, LLC
Real Estate Investor
kurt@tcfghomes.com
You are an action taker for sure!! It is amazing how things start coming your way once you have taken action and done a deal or two. Finding those deals is the KEY to what we do. Buyers are a great thing, but if you have nothing to sell them they don't do you much good!
Thanks again for your service.
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
Hope the input helps.
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
Are you investing in your home town or another area and tell us some details MAN!!!! Everyone is hungry for you excitiment
I am so happy for you sounds like you have found your niche
"Don't tell me I can't, Tell me how I can."
I put my systems and strategies to work in my hometown first. Now I am setting up teams in Georgia, Alabama, Ohio, New Jersey, Oklahoma, Texas, Florida and California.
I wholesale, do fix/flips, co wholesale, short sales and have several L/Os/subject tos.
Thanks Donna!
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
Hi this Amer,Congratulations on your deals.i can't get one deal done.
i need help with this.
the economy is getting better and the price of Houses is going back.the houses are selling now there is no more wholesaling in real estate.all homes are selling retail price and retail buyers are buying no more wholesaling.
Great job Michael! Isn't it amazing how things come together when you simply do what Dean says to do. Very night work.
Chris
"Faith is the eternal elixir which gives life, power, and action to the impulse of thought.
"Faith is the starting point of all accumulation of riches!"
- Napoleon Hill, Think and Grow Rich
Michael,
Just from the title of the thread, I knew this was Michael in Denver! Congrats Michael, your results and posts absolutely confirm the value of a good Buyer's List.
Keep it up; you are inspiring to the rest of us.
--Walter
"If it is to be, it is up to me". -Anon
Congratulations Michael on the deals, I am on a rolling streak myself actually a very good one from day one, zero. Maybe one of these days I will break the streak and get one before I die. Bad way to look at it but my biggest streak is in bad luck actually, son totaled his car so been busy helping him, was wanting to make it to an rei meeting but this is out of the question until he gets his car as my daughter, my son and myself split two cars and three different shifts and the rei meetings fall right when both of them work. Just another hurdle I guess to jump just like all the others too.
Shawn
Without Dean I would never have gotten off the ground!! What he says works! You just have to do the work!
Walter,
My posts confirm the value of having properties to sell first. Then the buyers. Not the other way around. (For me anyway) Of course I work on my buyers list every day, don't get me wrong. But if I have nothing to sell, my list really makes me NO money!
Thanks again everyone!
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
I'm still working on getting my first deal. Congratulations on the results from all your hard work. Thanks for your posts.
You are right! the only way to get offers accepted is by putting offers in!!! Many offers!!!
You make it sound so easy, and like you're actually enjoying wholesaling!!!!
Thanks for sharing!!!
Val
Valerie
βAnd will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!β β 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/...
Regina,
Thanks, I hope the info I post encourages others to TAKE ACTION doing what is truly productive.
Valerie,
No offer = NO chance of making MONEY!! NONE!!
Yes, I do LOVE wholesaling! At first I was thinking that I would do it just to build some quick cash and then move on to fix/flips and L/Os. However, I will ALWAYS wholesale while doing other types of deals. The demand is HUGE for real deals. BUYERS are everywhere, the trick is finding and controlling the deals!!
Well, my flight leaves at 12:00 today, going to start in Atlanta, do some property viewing and training with 2 of my students. Then headed over to Birmingham, Ala. to do the same and finally head to Ocala and then Orlando Fla. In between work I WILL take some vacation time! I will be back in 2 weeks!! I currently have 4 closings scheduled here in Denver while I am away.
Will be adding more. NETWORKING, TEAM BUILDING nationwide!!
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
ARV 69k repairs 5k want to sell for 27k the house is in Dayton ohio if anybody is interested I have about a wk for my inspection period & this would be my 1st deal I just need a buyer!
Quitting is forever pain is temporary
dean the hat just does'nt do it so please ditch it
also thursday 07/12/2012 I had the honor to attend the insiders sem- in
minnesota [ plymouth ]but I am sorry I could not afford the offers if anybody can afford them they should run to the back of the meeting without touching ground for I feel they are well worth it and is a no brainer and as usual the video was very informative ( but the hat
thank you
bob smith
And I'm behind. 5 in May, 7 in June and only 1 in July. The rejections are making me crazy!!!!
I'd better head to CO, huh?
Thank you for the updates, Michael.
-Tina
Never, Never, Never Quit, N3Q
"Nothing happens until you place an offer."
"Skip Deal #1, go straight to Deal #2; it's so much easier."
"There is nothing so useless as doing efficiently that which should not be done at all." β Peter F. Drucker... so, "Don't sweat the small stuff." -R.Carlson. "The greatest mistake you can make in life is to be continually fearing you will make one."~E.Hubbard, The Note Book, 1927...so, Do it for the right reason and "Do it with a headache!" - Dean Graziosi, Weekly Wisdom #176
When you say that you are double closing on these deals. Will you be using transactional funding?
Thanks
Anne
What happens when you can't find a buyer for your properties?
Do you keep them for yourself? or Do you have a clause in your offer contract?
Thanks
Jay C
Jay C
You just keep going, going, going, and giving, giving, and giving. Thanks for sharing your successes.
"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.
You are my hero!!! cheers and much more to come. good to read so much stories.
Be happy and go healthy ^_^
Ling and/or Dustin
Tina,
Those rejections happen a lot as inventory decreases! Just have to come up. Real investor buyers know in these circumstances their margins will decrease.
Atlanta is hot!! Areas with a ton of scrapes and new construction abound! Also some great standard fix/flip opportunities. It took me 24 hours to find 5 deals!!!
Anne,
These are all "dry" double closes. I use my buyers money to fund the a to b.
Jay,
If I can't get them sold I turn them back to the bank at the end of the inspection period. I rarely need to do this.
Sandra,
Thanks and I hope I help people take action!
Ling,
Thank you.
Hey, I closed 2 more in Colorado while I was in Georgia! Got 2 more under contract. Should have those gone by the end of this week. Starting a massive marketing campaign in Atlanta to find buyers.
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
2 more closing the first of next week! Total closings in July = SEVEN!! On to August!!
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
I love hearing others having success using the techniques Dean teaches. It gives me encouragement when I'm out there looking for properties I know I can do it because there are so many other students and investors doing deals.
Thank you for your posts and success stories
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125