First closing was off our pre foreclosure marketing campaign. It was a short short. We handed off the lead to our short sale team and they did the rest. Closed yesterday (Friday) We did not even go to closing! We made $1784. This happened due to our PRE FORECLOSURE MARKETING CAMPAIGN. 45 minutes invested.
We have a closing on Monday the 23rd that we locked up in August. One of my buyers wanted to get rid of a property they no longer wanted. She called me and asked if I could wholesale it for her. We did and will make $6000. This happened due to NETWORKING. 1 hour invested.
The next closing is set for Wednesday the 25th. This is another MLS listed property that we got under contract using the 25/1 system. Got it under contract for $172,500 and assigned the contract for $177,500. Quick and easy! We'll make the $5,000 assignment fee. This happened due to our 25/1 OFFERING SYSTEM. 2 hours invested.
As you can see, each deal came from a different acquisition strategy. Dean teaches all three! Get your marketing and offering systems in place while continually building your buyers list.
It is 8:45 Saturday morning, I have already looked at 85 deals that came in from my MLS searches. I have narrowed that list down to 7 properties I will make offers on now. This will take about 30 minutes.
Michael
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
Thanks for taking the time out to post about these deals. I really appreciate it and I'm sure others do to! It gives us all hope. Congratulations!!!
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
Thanks for sharing. I love the way you are crushing these deals out there, thats the spririt. I agree with Teresa as well as. Your post motivated me and gave me alot of hope.
____________________________-
TC
Miami, FL
My Journal http://www.deangraziosi.com/real-estate-forums/investing-journals/144538...
TC
Miami Florida
"If you are not doing something that help the universe or God or your family, or YOU, is that something you should still be doing?"-Dean Graziosi
"Each day do one thing to get you closer to your dreams because if you do today what others are not willing to do, then tomorrow you can do those things that others are only dreaming about doing!"- Joe Jurek
Follow me on my road to being a BILLIONAIRE http://bit.ly/1q7aOFX
Go LIKE my official facebook page http://on.fb.me/1qQGO6i
Where is your diamond? You deserve one, you did your first deal!
Keep it up, more will follow.
Thanks,
Michael
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
Yep, this stuff works!!
Good Luck,
Michael
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
Analyzing the deal and knowing what to do is second nature to you now. I look forward to getting to that point. I will definitely get there soon.
thank you for sharing your deals and strategies used to accomplish them! You are right, Dean teaches us everything we need to know to go out and get deals done; we just have to put in the time and effort! And you having already looked at 85 listings by 8:45am on Saturday morning just shows how committed you are to succeed.
Hats off to you!!!
Val
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/...
We learned to analyze these deals by making a ton of dumb offers! By doing so we learned what an investment property actually is and how to get the thing under contract and then wholesale it. We knew all the theory but HAD to take action to learn the real world aspects of REI!
Keep at it, you will get there!
Michael
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
The more you do it the easier it becomes. I can go through those deals and eliminate the ones I'm not interested in pretty quick. When I first started, looking at 85 deals took a week! Just goes to show you that you HAVE to take action and stick to it to learn this business.
Thanks again and I hope all is well,
Michael
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
Checks totaling $12,784 deposited this week.
We have multiple offers to get in this afternoon and then will take the rest of the day off.
Michael
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
Don't know where my diamond is! Maybe a bird dog fee of $1k doesn't count? Don't know. Well, I've got a new REA so I'm outta here to work on some offers!
Teresa
College Station, TX
**********************************************************************************
"Declare that you will prosper despite every difficulty that may come your way. Don't just survive; thrive!"
-Joel Osteen
Super Nice Michael:) You Guys Are crushing It Out There!
You Are Definitely proof That We have to Take action & Effort & Never give Up!
Thank You For Sharing your Deals & Thank You For Sharing Your Knowledge & Incredible Advice
Congratulations,
Darren
A deal is a deal!! $1000 counts. Jeremy just does not know about your deal yet.
On to the next one!
Michael
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
Thanks! Your last deal looked pretty good to me! Are you driving around in that Corvette?
Michael
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
LOL Not yet:( But Soon, Needs a Little TLC ,But will be nice when Done, Going to use some of my Profits from my deals for That:)
Darren
You give plenty of info when you post your deals and I'm sure I'm not the only one that appreciates that. Thanks for the learning experience!
Moving forward daily will get you to your goals!
"You become what you study" - RTK Rich Dad Poor Dad
http://bulkassets.com
Yes thanks for sharing Michael appreciate it. Just got my #1st wholesale deal yesterday $1,120. and another one Mon God willing for $625. when you say you looked at 85 listings Sat am, do you have an agent send them to you? Or do you have access to the MLS? Thanks
Tony
Go faster do more! GFDM!
You are welcome. I hope my posts help some people out.
Michael
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
We have multiple searches set up that come to us daily. Our agents have searches set up for us as well as searches I have set up for myself on Zillow. I also have access to the MLS. We also have a great search set up for me from one of my commercial lenders, it is there own program and its pretty cool.
So combine all of those assets and that supplies plenty of MLS based leads.
Then there is our marketing campaign for unlisted motivated sellers. Bandit signs, mailers, county websites, google, facebook, REI clubs (I started my own last month!)networking, handing out business cards, Craigs list and so on.
Good Luck and congratulations on your deals!
Michael
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
Send pictures when complete. What was the FMV on the Corvette! LOL!!
MIchael
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
Thanks Michael for sharing all of your insightful posts , filled with usable info... You have learned the business and broken it down to a science .. Now it continually brings profits back to you . Job well done !!
Randy Sherman
Elkton MD
Thanks! We continue to learn every day, what works today may not work in 6 months! To not know and understand your market and stick with old strategies can be fatal to your business.
Michael
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