Finally closing on the house from ---- well you know

Guess you don't know unless you try! I've been in a couple of similar situations and just gotten frustrated. Thinking twice about it(or too much), worried how to market, or thinking noone will 'bite'. Great lesson Carol!

You said you couldn't 'wholesale' it and still make a profit. That $3,000 payday is just that; wholesale or NOT! How much equity will your buyer have after his 'sweat equity' is invested?

Check it out Carol! You got paid and out of a jam. At the same time; helped a 'brother' soldier out in the process! How awesome is that?!!

John I also got to help a desperate seller settle an estate because I did not quit! Making a deal a win win for everyone and knowing that everyone is blessed because you did not give up is a great feeling.

I could have thrown in the towel on this, Lord knows it was a nightmare. But I am so glad that I didn't

I wouldn't have touched it with a ten foot pole; literally! Guess you made the payday!

Carol,
that is awesome that you were able to make this deal work!

All the things you see and do as an investor...

Thanks for sharing!

Why? Sometimes you have to get dirty to make money Not every property is going to be "pretty" or even decent for that matter. But it's being able to see beyond the "NASTY" and see a potential deal in the making that will either make you or break you in the wholesale world.

Remember there is a buyer for everything.... sometimes you just have to be persistent and find them

It worked out for everyone and you earned some cash for making it happen. Good thing for them you stuck it out. Another good hit Carol.

Joe

That is great, a friend of mine told me years ago don't ever pass on a Ouse just because of ow it looks . I never forgot that

So, did you sell it for your origional contract price or ? What were your end numbers on this deal? Wow, talk about sweat equity! Congrats, Carol!

Way to hang in there! $3000 ain't a bad pay day. Not sure how much time it took to clean it, but I'm sure it was worth it if nothing more than the good feeling you had after helping others out of their PICKLE!
Shirley

I saw you in one of Dean's video, you stated that if it doesn't look like a deal, it is possible to turn it into a deal. Way To Go Carol!
I'm just waiting to cash in on my first deal. Many more to come at cha.

Romaluv22
Signing out,

Carol,
Like someone else in the DG family say's, you got to knock the ugly off of it.Nice one Carol.
All the best
chuck0349

One thing you may have all missed is... Remember I said the house was full of stuff and that I had permission to clean the place out? Well there were tons of antiques, 1960s baseball cards and other stuff... I am just waiting to close so I can cash in

I think this deal is definitely going to end up being another sweet one for you.

You work hard for them and you deserve them.

Where some people only smell cat dung, others smell George Washingtons.

Can't wait to hear what kind of totals you start racking up on the "junk".

Karen

Carol Congrats on your deal, but I have a question for you, When you went in that house to inspect and when you placed an offer on it, how did you estimate the rehab cost? Did you bring someone with you like a contractor or something? The reason I ask is because I've looked at some many houses and i brought a contractor with me on like 20 of them and none of them worked out. Do you use a contractor or you figure it out yourself, if so how? Thanks for your help.

Stuff to the ceiling - wouldn't scare me or turn me off. Lots of work to do but you never know, you might find a missing Picaso or DiVinci painting. Great lessons and insight in this post and love the DG family comments too. Have a GREAT day!

Carol.

Great example of just not getting a deal, but making a deal happen. We are often looking for the perfect property, the perfect seller, the perfect deal. But in so doing, we miss out on a lot of deals which could have been created, just like the one you created. Thanks for the inspiration.

Barb

" It is never too late to become the person you could have been."

I would love to do just what you did, find the treasures within!! That is always on my mind when i see an old house i wonder what may be in the attic or basement thats been there for ever.
keep rolling!!1
best wishes
Richie

That's the way to see it through. Congrats!

Way to go! One womans trash is another womans treasure! LOL

That's very encouraging! I'm looking forward to deals like that. Well, maybe not with all the "kitty product" left. But, that is awesome!

What a great (and stinky) story! You just never know. Carol, you are so right when you talk about your buyer's list. I tell students if they are going to wholesale that the buyer's list is the foundation of their business. You certainly proved that with this transaction. Keep up the good work. If you need a good dry cleaner to get the stench out of your clothes, I know on after you come out of the bank. (HA! HA!)

Keep on flipping.

My husband has been a contractor for 30 years so when I started wholesaling my husband and I developed our own rehab company, sent both of my sons to trade school, one is certified in HVAC and the other is now an Electrician. We currently do our own rehab on properties we buy and offer our services on properties we wholesale. My husband comes with me to look at the properties and gives me rehab costs... and he never charges me...lol

Great story! We have had a few like that. On a couple we made as little as $1000! Beats not doing the deal. It is funny, but we have NEVER made any money offering on nice move in ready homes that we would like to live in. What we do takes vision. What the house will look like when we are done. The uglier the better when we start! This is how we or our buyers MAKE equity.

Ahhhhhhhhh! The sweet smell of poop, mold or both!!

Congratulations and keep it up! Isn't REI fun?

Michael Mangham
Mentoring/Team Building Nationwide
MD Home Acquisitions LLC