OfflineWow, you know you got a good deal locked up when the owner of the property you have locked up under contract offers you $50,000 to tear up your contract and walk away from the deal. That is what happened to me a few days ago. I decided to turn down the $50,000 and keep the property. Oh and I bought the property with no money down, 100% bank financed, and NO EARNEST MONEY DEPOSIT! In fact I walked away from the closing table with a check for over $3000! Getting paid to buy a property is really cool. Even though I have bought over 15 properties where I walked away from the closing table with a cashiers check (getting cash at closing) it is still a great feeling, especially when people tell you it is not possible anymore! How many properties can you buy when you get paid to buy them? INFINATE! AS MANY AS YOU CAN FIND!!! Go out there and get it done! It's worth it!
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
cbrpower, why would you walk away from $50K?? Not sure I understand the deal here. You walked away from $50K and made $3K?
"If you cannot do great things, do small things in a great way.”
Napoleon Hill quote
Sounds like that cbr is going to make a whole lot more then 50k thats why he was offered 50k to walk away from it. Must be a very very good deal.
Shaun
if he was gonna give cbr 50k to walk away that means cbr might be sitting on a 500k or more deal for himself i mean i wouldnt have turned down 50k but cbr is a pro at this buy the way i have both buyer and seller contact on this one prop and i wanna get them moving faster so i can make some end of the year money what can i do or say to get them moving fast im trying to set up
well if you deny 50K then you must be makin at least double? What is the property valued at? Let us know so we can give some props!
Kai
Money won't fall into your hands, you have to earn it!
cbr, you are just a good human being. You value yourself an others which is good. You walked away from $50K, God would give you triple that amount. God Bless, may God continue to Bless you.
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.
Tell us more about this deal, it sounds like a serious winner!
You've got hungry people begging for details! You left out the best part!!
Rina
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
I would have taken the 50k. It could have funded your next deal free and clear!
Don't Wish the Past, Create the Future! - DH
it seems obvious from the comments, CBR is many levels up above the rest and did not need the cash. He could walk when the rest of us would be tempted to talk.
My guess is between 100K-150K of equity in the property with positive cash flow of $300-$500.
Maybe we could have a contest on whose guess is closest. LOL!
"Whether you think you can or can't, you are probably right" Henry Ford
I think much, much higher.
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
The reason I walked away is because I bought the property for about $800,000 less than what it is worth. I am selling the property next month for a massive profit! I do mean massive! I can't wait to tell you folks the details. This no money down deal is the deal of a lifetime.
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
i said it when he first said he turned the 50k down he might be making 300k to 500k on the deal get your money crb im trying to do some of my deals just like you i found a seller that has many property's and deep pockets and he wants me to find him buyers and we worked out a good mark up on property's and we did all this without a contract were working on a longer term contract even one of my buyers tried to contact him and he didnt even wanna deal with him without me i think i found a great investor/seller to help me make money got fingers crossed
That sounds like a sweet deal. Great job!
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
Hey CBR,
Drooling for the details, baby!!!! Do tell:)
Challenges are only challenges if you view them that way. Try looking at them as OPPORTUNITIES instead and success will follow!!! "ME"
cbr, what type of property was it that you found? I'm just curious, that's a sweet profit margin, I think you did the right thing passing on the 50K! haha nice work.
Kai
Money won't fall into your hands, you have to earn it!
apears, the property was much more worth than the selling price. the original seller probly missed a great thing after the sale.maybe the future property price value in the next year or two would be doubled. the seller missed out on something he didnt see until after the sale.
Congrats CBRPower, How can we do the same?
"God help Them Whop Help Themselves"
"With God All Things Are Possible Matt. 19:26"
"Give a Man a Dollar he's Rich For The Day, Teach a Man To Make a Dollar
He's Rich For Life" - T. Grant
When I read that they offered to give cbr 50k to tear up the contract, then you have to know that the profits on something like that is massive. The question really is do you take 50k today, or 250k tomorrow. The back end could be so massive that there's no way that you take the 50k.
Jeremy K.