OfflineJust wrapped up my first deal and I'm on my way! After finally running out of excuses, I started working the 25:1 strategy and making offers on properties. After making 22 offers I got one accepted! Had an investor lined up who pulled out over some repair issues so I was left scrambling to get another (note to all: build that buyers list!. I only had identified 3-5 buyers so I didn't really have enough. (plus, in my haste to get a deal done, I offered a little too much on this property!... Live and learn!)
Bottom line is this: found an investor who was willing to do 75k. I had it under contract at 73k. I went back to my agent and told them I needed the seller to drop the price $3,000 because of some issues I thought they misrepresented (Thanks, Matt Larsen for the suggestion!) They kicked and screamed... and dropped the price $1,500.00!! Did an Amendment to the contract and I assigned it to my buyer. Walked away with a check for $3,250.00!! 2013 is going to be an awesome year! Thanks Dean and Matt for all you do!!
Got My First Deal - Net $3,250.00 !!
Posted on: Wed, 03/06/2013 - 23:30
Got My First Deal - Net $3,250.00 !!
__________________
On your first of many deals.
Welcome to the real World....Jan
Thanks for this info. I'm at the point where I have to do the same thing. Good job and great inspiration. Well great job too!
I used the technique on day 1 video four of the 2012 Livecast for buyers. I had 126 calls over a 3 night 4 day campaingn. Couldn't keep up.
https://www.deansinsider.com/livecast/replays2.html
hope it helps w buyers list.
thanks again.
Louis
were those offers for Standard Sales, REO's, Foreclosures, or short sales?
Way to go!! What part of Texas are you from? If you would fill out your Bio, that would help us all get to know you better and help you.
Teresa
College Station, TX
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"Declare that you will prosper despite every difficulty that may come your way. Don't just survive; thrive!"
-Joel Osteen
It only goes up from here.
Thanks for sharing...
Andy Sager
DG's AndyS
CFIC and IE member
Andy Sager
DG's AndyS
CFIC & IE member
2013, 2014, 2015 & 2016 EDGE Alumni
The deals I'm offering were MLS lisings with the "AS IS, vacant, price reduced" filter. I'm also working hard on the Bandit signs and just sold deal #2 that I got from a bandit sign!!
Chip
That is the way to apply the principles. I also am offering MLS through realtor with the same criteria of AS IS, Vacant, and price reduced!
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.
What part of the country are you working in?
P.S. - Everything else is immaterial, irrelevant, and unnecessary.
you may want to fill out some info on your profile so that other investors here can know a little about you and where you're from.
again, congrats on your first and second deals!
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― 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/...
I am proud of you for continuing to take action until you got that first deal done.
Dan
www.danbuyshomesfast.weebly.com
Congrats on your first of many! Great work! Keep it up!
Tim
Way to go! Once you get a taste of that money your confidence grows and you'll never go back!
Congrats!
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!"
That first deal is always the most difficult and the most exciting. You have done a great job of doing something great. Now that you have tasted the waters of success you will find that you will want to do that again.
Keep the mojo going. Do not rest on your laurels. Keep offers going out and keep looking for deals. You will be able to make this thing happen again and again.
Best of Luck in your future deals.
Roy Voeks
Official RE Coach
San Antonio area
That's awesome keep it up! I know a full service wholesaler/investor in the San Antonio area that you might want to work with. He's been working there for 12 years. Shoot me a PM and we can talk more if you're interested. Again congrats on your success!
I am a Professional Real Estate Investor! And I see a whole army of my countrymen, here in defiance of the J.O.B. You've come to fight as free men/women... and free men/women you are! What will you do for that freedom?? Will you fight?!! Lets fight for it together!!!!
Keep the momentum going, congratz!!!
Real Estate Investor, if you would like the chance to work with me in the US East Coast, send me a PM (Private Message) anytime to see if we are a good fit for each other.
Wishing you abundance,
Ken Siew
Congrats chipf! Now you need to celebrate this achievement and go on to your next deal!
Hi Ken, we connected some time last year but have yet to work together. I am located in So. California at present (SanFernandoValley)think Universal Studio, movie business & residential homes. If I can be of assistance to you in your RE investments here, pls don't hesitate to contact me.
anita Page
Keep moving forward.It's about to take off!
Many Blessings
Look forward to hearing about your second deal.
Josh
"The best is yet to come."
"Never let someones opinion become your reality"
Sings for Joy for You! CONGRATULATIONS Winner!
I Exist. I Am That I Am. I Know That I Know.