Closed my 3rd Deal

Closed my 3rd Deal

Hello fellow DG members. I have been a member of this site for about 18 months I think. I posted my 1st deal last January when I got my first wholesaling check, and made $3,500. I did another deal in May ($4,000)but didnt post that one, and I just closed by 3rd last week ($2,500), so I wanted to post it because I'm sure there are some newbies out there who could use some inspiration I guess and to prove that this stuff really works. I started wholsaling after I read Deans book, "30 Days to Real Estate Cash". The book didnt do the work for me though, I actually STILL had to get off my butt and work for it, and THAT'S why I succedded.
My first 2 deals came from bandit signs, and my 3rd deal came from a FSBO (For Sale By Owner). I saw a FSBO sign in a nice area of town when I was actually "driving for dollars" looking for vacant houses. I called and the owner was only asking 55,000. My next question was "Is that negotiable?" and he said yes (so I knew he was motivated). I knew his asking price was very low for that area, so I asked to see it that day. I saw it and it needed a COMPLETE rehab on the inside, but the outside was in great shape. After running my numbers I knew it needed about 20K just to make it "rent ready" so I made my offer of 25K (knowing I could wholesale that thing for 30K all day long, because of the area it was in), even though they were asking 55K. I didnt feel like I was lowballing because the house did really need a ton of work. He countered and said he needed at least 30K (so already i got the price dropped by 25K!!!!)I said I cant do 30K, but I could do 28,500, and he accepted. Signed the contract that day, showed my main buyer who bought my 2nd deal, and we agreed on a price of 31K, because of all the work that was needed. I simply "assigned" my contract to him at the title company, and they gave me a check for $2,500. This entire process took exactly 11 days to complete! I had about 3 hours worth of my "time" in this deal, so that's $833 an hour!!! I only did 3 deals in 2012, but this is a new year and I am taking this thing to the next level in 2013, I promise MYSELF! I could NOT have had the courage to do this if it wasn't for Dean's constant motivating and telling all of us that we CAN absolutely do this! So I want to personally thank you once again Dean, for all of your hard work and dedicating this site and a lot of your time to all of us DG members, Thank you. I also want to send a shout out to Michael Mangham from this site, he keeps pushing me as well and has been there to keep me strong when I am feeling frustrated with things, so thank you Michael...this stuff is simple, but not easy. You have to work at it, and when you fail, learn from it and do it again, and again, and again, until you succeed. Cheers to 2013!!!

__________________


Congrats!!!!

What is fun is that it gets easier with each deal.

__________________

Roy Voeks
Official RE Coach


Jopseph

Congrats on your deal!!
Did you bring your buyer threw the house to take a look?
Also, What did you tell the Homeowner?

__________________

Jay C


Congratulations

Stay flexible, stay creative! Keep up the momentum!!!

__________________

See how I was able to make money in real estate without any of my own money all while I was over 3,500 miles away!
http://www.deansmedia.com/play.php?vid=252

We buy houses any condition or circumstance:
http://www.HomeRemedyKC.com/


Good Job Joe!!

You are taking action. Wait till you see what happens in 2013. Everything is going to fall into place for you. On to the next one!

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


WAY TO GO!!!

JB Holdings, Way to go. Also, a very very prosperous 2013,

Romaluv22

Signing out,

__________________

I have finally made up my mind to take control of my own Mind and Destiny. I am confident with the Faith in My Higher Power, I will Achieve what I Believe., In His Mighty Name, AMEN!

FOLLOW//LIKE ME AT:
http://www.wholesalemnhomes.com/
http://www.sellyourmnhomefast.com/
www.linkedin.com/pub/ronda-love/52/525/655
https://www.facebook.com/minnesotawholesalehomes?ref=bookmarks
https://twitter.com/lovr_l


Need inspiration

I gave a fear of talkinf to people on the phone. How do I get get over that?


Great Job!!

Great Job!!

__________________

"Don't tell me I can't, Tell me how I can."


Congratution !! Thankyou JB holdings for sharing your success

By sharing Your story and success with us we have learn from this. It gives us the courage to go out there and take action and make it happen. I wish you many more success thank-you.


Great year ahead

Hey great job on three for 2012. I know that you now have what i call the reibug and it will take you to the next level. You will notice along the way that people will look at you different than before and the the closed minded friends you had will fall to the sidelines. Let them fall...Spend your energy and time on you and getting what you want out of life...Enjoy the game...NOW GO GET SOME


Great job JB Holdings!

Thanks for taking the time. This helps the rest of us press on. Where did you find your buyers? You kept the momentum during the low times and kept theprocess going. Thank you for the motivation. Looking forward to your success.
Robert


Close your 3rd Deal!

Congratulation! That is the kind of money I plan to make. Thanks for the motovation.


YES!!!

I love new deals close! CONGRATULATIONS! I am so happy for you! 3 Deals?!?! Thats totally awesome!!!!! Keep up the Amazing Work! I know you will!

I would love to hear one or some of your greatest moments/turning points that transformed your belief/attitude/mindset! Please share!

I love your Faith/Persistence!

__________________

I Exist. I Am That I Am. I Know That I Know.


Woo Hoo, Joseph!

Woo Hoo, Joseph!
Over $800 an hour?
Ain't real estate grand?
Gotta love the possibilities!
Wishing you even more prosperity in 2013!
Congratulations!

__________________

Happy Prospering! ~Kat, Liberty Residential Investment Acquisitions
• "To every thing there is a season, & a time to every purpose..." ~Ecclesiastes 3:1-8
• "Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy!" ~Dale Carnegie
• "Begin, be bold, and venture to be wise." ~Horace
• "Never, never, never give up." ~Winston Churchill
• "Whatever you do, or dream you can, begin it. Boldness has genius and power and magic in it." ~Johann Wolfgang von Goethe


Awesome job on your first

Awesome job on your first couple deals! I also believe that 2013 will be an even better year for you. Press forward!

__________________

Lenee

www.allstarhouses.com

~Act successful! And you'll draw it to you.~
~Every achievement, big or small, begins in your mind. It starts as a thought.~


Nice Job!

I love how you countered his counter for a quick profit. You were right - he was motivated. And, you were right to discount the worth on account of the work needed. Excellent example of sticking to the numbers to form a great deal. Now, like one of my favorites here also, Michael Mangham, says - On to the next one, right?! And, like a great wide receiver for the Atlanta Falcons just said this weekend going into the playoffs, "There's No Mentum like Momentum"! So, keep that money train moving, and Congratulations!


Thats wonderful

Way to go! I love hearing success stories. Thanks for sharing! Onward and upward!!


nice...

Congrats on your deals, Joseph! Smiling


Thank you for posting....It

Thank you for posting....It really inspires a "scaredy cat newbie" like me. I am going to step out on faith in this NEW YEAR....and make a new way for my family.

Thanks Again!


GOOD JOB !!!!!

Way to go! Thanks for all the inspirational advice because we all need it
in 2013 a new year for new beginning.

__________________

Do not let no one stop you from knowing more knowledge and initiative.


Great story, thanx for

Great story, thanx for giving hope to a newbie like me im really hoping to close my first deal soon. Im talkin to buyers and sellers everyday so I know im close ..just try to stay focusd

__________________

Wholesaling Phen0m


Congratulations on a great 2012! Off and running!!!

Wow! Kudos to you for having the persistence to not give up and keep pushing toward your goal. I'm trying to get started in this and am wondering if I should just take the leap and sign up for coaching and The Success Academy. Your story really makes me feel like this is real and does work! Thanks for sharing the encouragement. All the best to you in 2013 and beyond!

Regards:
Tim.


3rd Deal

Loved hearing your story. Great job sticking with it and putting the work in.Thanks for sharing.


Nice "Work"

I started with this to find steady income so I could move closer to my son. A lot of us do this for our families. Stay sharp! Stay at it. You are a success!


Excellent Work and Thanks for Sharing!

Nice work on the 3 deals and you are right, this is great motivation for us newbies. Keep it up and we look forward to seeing more posts on your deals in 2013!

__________________

Steve

--------------------------------------------------

A dream doesn’t happen in a day, but it does happen daily, and what you
do daily will determine what you are permanently – Pat Mesiti


Congratulations

Inspiring to hear your deals ! Good Job ! You have inspired me to put out some bandit signs lol. In my area calls from bandit signs have dried up, so I switched to direct mail and internet marketing. Also, inspiring to hear the FSBO who was felxable. Soo many FSBOS have their properties over priced now days and wont budge on the price or terms ! Good Job !

__________________

*Disclaimer I am not an attorney nor am I offering any professional advice, just some thoughts I am sharing*


Congrats!

Great job Joe! Keep it going in 2013.


Way to go, Joseph!

It sounds like you definitely know what you are doing! You just need to be doing more of it!

I LOVE hearing stories like this! Thanks for sharing! Bring us more!

Karen

__________________

"You're never too old to be what you were meant to be!"

www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...

"Shining Like a Star & Dancing on Sunshine"

"Shoot for the moon! Even if you fall short, you'll still land among the stars!"


Congratulations Joseph

Looks like your on your way!

__________________

www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.


good job

Hi Joseph your on your way keep that train moving and contiue to pick up passengers( deals).Anything worth while takes work and we are fooling our selves if we think it doesnt, wishing you well, Jim

__________________

jbischoff


Great Job!!!

It's always great to hear of other's success in real estate investing. Very motivational!

__________________

Stephan Roberts
"In absence of clearly defined goals, we become strangely loyal to performing daily acts of trivia!"

Here is a FREE property analyzer I've found:

https://tvallc.infusionsoft.com/go/RehabLite/sroberts/

It's a great tool to use to help analyze your deals (and did I mention it's FREE)! But, you really should spend the $97 and get the full premium edition! IT'S AWESOME!!