$11,500 in 2 hours! Thanks DEAN!!

.

WTG......Congrats....Enjoy the Houseboat vacation with your family........

Regards,
Sharon

Another AWESOME deal! Congrats!

How many have you guys done so far this year?

You two enjoy the vacation and the grand kids!! We just got back from our first vacation this past w/e....first one in 6 years! We also, would have never been able to afford it w/o learning/using Dean's techniques!

Keep 'em coming!

This is such great news of encouragement for others, especially for me because I was browsing in a down mood(family stuff going on) looking for a local Real Estate Club... and then your reporting blog completely bright up my day! Now am avid to continue my efforts to take action.
CONGRATULATIONS!
Fanny

Love your deal!

Would you say you got this deal mainly because you made the first offer with a cash buyer lined up? Or were there any other reasons?

Sharon, Thanks!

John, Who's counting??

Fanny, Keep taking action and learn!!

Ken, My seller has no idea that I have a buyer lined up. As far as the seller is concerned, I am the cash buyer. If I told them I had a buyer or needed a buyer I might NOT have gotten this deal.

My offers are cash, 14 day closing, 7 day inspection, no other contingencies, earnest money and POF with every offer. Just so happened that these guys needed 30 days to get moved. No problem.

I put forth a strong offer and never disclose my exit strategy to the seller or the sellers agent. Sometimes my agent does not know!!

Thanks again!
Michael

I think you might be starting to get the hang of this!

Karen

Just give the buyers what they want....simple

Karen, I am still working on it! So many ways to make money in REI!

Mike, Thanks! Yep, buyers are everywhere once you have the DEAL.

Michael

I love how you put those deals together that works.
Very simple!
http://djbuysellhomesinc.cyberbirddog.com

I hope for more deals to come.peace!

Hey Michael, so you bought this in an LLC and then are just transferring the LLC to the buyer and there is only the one closing right?

THANKS

Correct, only one closing. The LLC purchased the property. Just changed the managing member. We have been doing every property we can't assign this way.

Michael

Hey congrats Michael, What was the sqft on that property and what was the style of the house?

you are flipping houses as if they were pancakes!!! Very cool! Again, thank you for sharing your deals and the details with us, it keeps us motivated!

Enjoy the vacation with family... that's what it's all about, isn't it?
Val

I wish I had met you, nxt yr, I am on the crazy 8's team who won a free tx nxt yr for the edge, question, can you sell the LLC w/fanny freddie/bank prop's? w/deed restricion & such, thanks and it I love the posts on here especially this thread

I LOVE YOU TWO! Im on vacation too while putting deals together! I can definitely get used to this!

SEE YOU AT THE TOP!

Thank you for sharring your Deal's, that help's me to keep going forward to getting my first Deal.

Armendariz5

Congratulations Michael! Taking action really produces results.

Hi Mike
I like the numbers on that one my friend.... You beat my record with that one because the best I even did was 12k in 15 minutes but it took a few days after to get it done...Very nice mike..Keith

Put some thought into how each of these deals would be 'structured'.

It will not fit all your buyers ,but, ALL you need is ONE.

ALL in the numbers.

how many hrs total in deal??

My best/quickest wholesale deal was 3 1/2 hrs from signing and assigning on a divorce property to my buyer.

REO's take alot of time and follow up.

Mike, thanks for your comments I actually do the same thing and told my realtor and seller that I AM the cash buyer too.

So would you say that the seller accepted your offer because it was the first offer and/or it was a very strong one? Not that it matters as long as it's accepted but I'm just curious. Definitely a motivated seller!

Keep us posted on your next deal!

Great deal Mike, I like the LLC transfer stratedgy, im thinking of doing that on this deal im working on.

enjoy the well desrved vacation

Richie

Great pay day!

Hello Michael,

I always loved seeing your posts when you got a deal done. When I first started you were such an inspiration to me and still are. Nice job!!! Here is to many more like it!!!!

with gratitude,

Makeba

Valerie, Back from Vacation yesterday, it was great. Doing a couple more this year, just Deborah and me on the upcoming ones.

Tony, There is only one closing when you do the entity transfer so deed restrictions do not apply.

Joseph, you are right! You must take action and market your business at all times!

Kieth, you gotta love REI!

Mike, this one was so fast and easy! With systems and cash buyers in place it does not take a lot of time if the numbers are there!

Richie, we really like doing the LLC transfer, it is so clean and easy.

Makeba, It was nice meeting you at the EDGE, I hope I inspired and helped you
out a little bit.

Michael

Thanks so much Mike for being so open to helping us all! I am looking forward to seeing you next week at our Edge-Colorado group meeting. I would love to hear about your training with Dean & Matt when we see each other. Hope you had an amazing week with your family on Lake Powell! That is one of the most peaceful places on earth to kick back, no cell, no news, no nothin but chilllin!

Shawn

Can you tell me how you changed the managing member?

Thanks for the help

Look forward to our meeting, hope we have some action takers that show up. I don't have time for any B players! Only As!! I know you are an A!
Powell is a great place, the kids and grand kids had a BLAST. Deborah and I had a great time. WE took the whole family, all expenses paid. One deal with $$$ left over.

Anne,
It has to do with how you form your LLC and the Operating Agreement for the LLC that allows new members to be brought on. Consult with a RE attorney that knows what he/she is doing!

Michael