OfflineJust closed on my first Rent To Own deal which started May 1st of 2012.. I purchased the home for $5k down, $600 per month and total purchase price of $65,000. I sold it under option 1 week later to a tenant buyer for $10,000 down, $900 per month and a purchase price of $90,000. There were a few issues with the appraisal and we had to twerk some numbers for the bank but it all worked out great! I had to actually close the deal in June 2013 with the original owner which was a mistake that I made but it was a good lesson learned! I never paid a penny out of my own pocket and received $11k today at closing.. I have 2 more deals to close and I will have reached my goals for 2013. I already have those two deals now just waiting to sell.... Its amazing the things that can happen and what you can learn in only a years time!
John Trivett
Thats what I'm talking about. Now onto the next deal lol. I'm so happy for you and I love reading successful stories like this. Keep up the good work:)
_________________________
TC Igwilo
Miami, FL
"If it is important to you, you will find a way. If not, you'll find an excuse."- Karen Ellsworth
"Faith is taking the first step even when you don't see the whole staircase." - Martin Luther King, Jr.
My Sellers website: www.selltoigwilo.com
My Buyer Website: www.igwiloproperties.com
My Birddog website: www.igwilohousefinder.com
FOLLOW My daily 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
Nice one John, It feels pretty darn good. doesn't it keep it up.
"Don't tell me I can't, Tell me how I can."
$31,000 on a lease option, talk about a home run. Keep up the good work.
Reynold Orozco
What a deal! This is terrific. What it really tells me is that you have a tremendous amount of creativity. You were able to spot a good deal and you have a fair amount of patience. Keep moving onward and upward!
Chris
"Faith is the eternal elixir which gives life, power, and action to the impulse of thought.
"Faith is the starting point of all accumulation of riches!"
- Napoleon Hill, Think and Grow Rich
It just goes to show if you are persistent with what dean teaches you can create anything.
lease options are a strategy I have done and it works well. 31K profit is fantastic deals and is one of the largest I have heard of with a lease option, so great job.
I look forward to seeing your success, keep posting.
Thanks
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
That is awesome! Way to go!
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.