Another $25k Assignment Deal in Ca, Closed Friday,This one Came with A 74 Stingray Corvette ,$8k assignment, Closing next week

Thank you for the details. From what I've read it seems this property was in very poor condition and perhaps the $35K rehab was too optimistic. Otherwise, ARV of $280K with a $35K rehab should not have been an issue with bank financing.

I think the biggest selling point was the fact that the deal required a cash purchase because of its condition. I hope the investor is able to rehab the house with something left over at the end.

I don't think your aggressive comments are necessary. This site is more than praising and celebrating. It's part of the education process. You may have talked to Darren and know the details, but that does not mean the rest can not ask questions. My comment about you asking was a rhetorical question, so I did not expect an answer for it.

I'm waiting for a deal like that where I can get a nice car with it. Sounds like you're doing great.

Corvette for sale?

Keep up the good work. I have to say I've read many threads here on DG and this one was definitely the most heated...lol! We all have passion for RE and I've been to different RE sites but nothing beats this one. Nothing is even close to the learning experience you get in each thread. They are like mini courses in themselves so I say thank you to all of you that participated in this one for sharing your views, your questions and most of all the passion!

So awesome! Is this the Darren I met at the Edge? Remember me? the white cane guy? Well if it is you, either way OMG that is awesome! Who say's it can't be done in Ca! It can be done, I am going to put out bandit signs here soon in San Diego! And get it done baby with my partner. so cool Darren. Cant wait to start depositing profits like that!

Hi Tony,
Yes, This is the Darren you met at the Edge, The Other Guy with the cane LOL
Thank You Buddy for the Congrats, You bet it can be done here in Ca
Get those Bandit signs out , I see that your working in Ohio too, Way To Go!!
Looking forward to next years Edge Again, Hopefully I won't be sick this time
Darren

I love when we can continue to post our California deals when others say it doesn't work here. You have to change thing up. Market different! That's the key.

Deals are still out there, But We do have to market and continue marketing, and definitely not give up, we have to keep moving forward Like dean Teaches us.
Keep at it and Our Blessings will Come
Darren

I have to honestly say that after not being on here for some time, this is exactly what I would need to see, to make me want to give it a go...again. I should have keep going when I first started, but this is great inspiration for a reboot.

Congrats Yosemite

Hi Michael, I have a question for you, if you wouldn't mind answering for me.Last night I was talking to my neighbor
and told him i was a investor,he said he had a house he wants to get rid of, and it needs a lot of work, sound motivated, so I asked him a couple questions, how many bed's and bath's and where it was located, he said hear in our neighborhood, in our city we have four zip codes, house' in that zip code is around $240-$286,000. My question to you is that he owes $80,000 on the house, as you could tell I am haven't closed a deal yet, if i have a cash buyer will I have to go threw a realtor, or could i just use a Agreement purchase form to lock it up then do A NCDR TO my cash buyer, and then go threw a Title company. Once the buyer want's it. I am in California, and if i am not mistaking you've close a deal in California before, and you know how California has different rules.
Thank you

Richard

Congrats!! Keep up the good work.
I love reading post like yours, keeps me motivated.

Nice ride!! Those bandit signs are great and they work in CA too!! Happy to hear of your success buddy and thanks for the bird dog website info. Lets keep taking action!

Thom

not only did you get the deal but one of the most iconic cars ever made. even the new version doesn't match up to that one

Now, this thread sounded well rehearsed,..

All I can is WOW!!!!!!!!!!!!!!!!!!

Romaluv22
Signing Out,,

Glad to hear of your success ...

Thanks for sharing how you get things done ..

Nice post .

Randy Sherman
Elkton MD

Thank You Everybody For Your Awesome Comments
Love our DG Fam & Our DG Site, Let's All Keep moving
Our Feet Forward And Never Give Up ! Take Action
As Dean Teaches Us And Remember To Count Our Blessings
LETS ALL HAVE A GREAT WEEK
TO OUR SUCCESS !!
Darren From Calif/ Yosemite

Darren,

also fantastic job. I have really enjoyed working with you on some of your deals and seeing this one close is just awesome.

This has been a fun post because of the controversy about the motivation of the seller and the numbers. I can see just starting out knowing the details is very important. As some of the seasoned investors have responded they both have said it doesn't really matter as long as the seller is motivated.
I remember when I did my first deal and that is how I was, I needed to know all the details so I can go out and find someone in similar situations so I can create great deals.

Every seller sells for various reasons and as long as we satisfy their needs and our buyer is happy than away we go, close the deal.

Great job Darren, I look forward to seeing your next deal.

Congrats. It does look like you've had a great month. Very nicely done. See even in California there are deals. Thanks for showing us how to make money. Great job!

Hi, well I'm not Michael but I have done 3 deals and live in San Diego Ca and I can tell you that no you dont use a realtor for that deal because it is a for sale by owner or fsbo OK, realtors are only for properties listed on the multiple listing service or MLS. For that house you can use the State Contract or use a regular one like the one on this site, under contracts I think there is a purchase contract you can download for free.

Also you would assign that contract to your buyer so you wouldn't need a NCND that is usually for bird dogging as far as I know, that assignment of contract is also on this site under contracts and you can download for free too! You just have to get comps from a realtor though to make sure what the after repair value is "ARV" OK but you wouldn't pay them a commission though for that, just the promise of referring retail buyers to them or of doing business with them. Hablo Espanol so if you want to Private message me we can talk further ok. happy saturday

Thanks Darren for all of the information!!!

You are so Very welcome
Have A Great Week !
To Our Success !!
Darren

This is so awesome to see! Where in CA are you driving to for your deals?

This can be done in any state!

Hey, Paul, I'm not sure why this seems so unbelievable; it isn't any different than any other deal posted here. I've had many deals this year that sold much more than 100K off of ARV; it is pretty common; whether its a bank, short sale, inherited property, out of state seller, vacant property, health issues preventing owner from caring for the property, divorce, probate, estate sale, problem property. I get them here in southern CA regularly as well. Follow Deans techniques, tweak them for your area. Are you going to come to our REIC club on the 3rd of December? We'll be doing the analyzing deals presentation and I think you'll benefit from it tremendously!! Hope to see you there Paul!!

Hi Darren,

Congrats on all your success, last time I talked to you, you had closed your first $25k deal and now look most of your closing have been around $25k. You've come a long way and please let all the students know how easy it was to work with the coaches who have helped you through all your questions and hurdles. We are a resource I hope everyone uses...........

Happy Investing,
Shah Ali

I just went to the free seminar and the 3 DAY WORKSHOP. I have great news....this is the best most awesome money making effort that I have ever been involved in ! (and I haven't even made my first deal yet !) I say that because I've attempted (been scammed by) numerous money making/home business type ventures this; but this one DEAN GRAZIOSI REAL ESTATE has shown me that it's for real right from the beginning. The reason I say that is because what Dean offers that NO ONE ELSE DOES is.....hands on/boots on the ground/buying summit/mentors etc.etc. he makes sure that I will be coach every bit of the way on exactly how to do every little bit of every thing that I have to do to make this happen. And I love that !!! Because I just need to learn how to do it, then I can repeat it. HALLELUYAH !!!!

Thanks Dean

Thank you for the Post I am currently driving around 2hrs 1 way to the Central Valley for my Deals,since I live Near Yosemite.This is just what we have to do, Investing from Sacramento to the Bay Area. Wherever the Deals Take Me LOL . Absolutely it can Be done in Any State, We Just have to do As Dean Teaches Us,Tweak Things around as needed Keep moving our feet in the Forward direction & Never ,Ever Give Up The Blessings Will Come . Curious; For your Calif Deals are you focusing on the So.Calif Areas? Send me a PM & I'll send you my contact info
TO OUR SUCCESS,
Darren From Calif

Thank you Shah for your post
You guys are Incredible there, Always giving and sharing Tons of
Incredible advice & Knowledge, You guys are such a Huge Blessing
I Remember You Personally Helping Write My 1st Contract For my First $25k Deal, Making Sure I Had All My T's Crossed & My I'S Dotted You Are Awesome Shah!! I can't Begin to thank you guys enough, I know every student here will Totally agree with me here.It doesn't get any easier,We just have to Pick Up The Phone & Call
It is just like you guys Teach us "If We don't Call & Ask We Won't Learn The Answer"
Even if a Person is not in the Success Academy, The DG site is Incredible ,Full of Knowledge & Incredible People Sharing Golden Nuggets Of Advice, Love Our DG Family.
Excited To See Where 2014 will Take Us All,
"Let's Crush It !!"
TO ALL OF OUR SUCCESS !!
Darren From Calif

Awesome success man hard work pays off.