OfflineSorry for not posting this earlier but after struggling with fear and doubting myself for 2 years, I finally closed my first deal and profit $2,500! Thanks to the Success Academy and the DG family I managed to wholesale in North California.
I was at the last day of the time frame for the Earnest Money, since I did not count with the $5K that was required to move on, but I persisted on finding a buyer and finally one of my buyers said YES.
I got it under contract on 9/12/13 for $424K and assigned it to my buyer for $426,500 which closed on 10/08/13. The property had an ARV of $560K.
I feels amazing!!! Thanks Dean! you changed another life!! 
__________________
Way to go GildardoH !!! This stuff really works huh? lol
*Disclaimer I am not an attorney nor am I offering any professional advice, just some thoughts I am sharing*
So glad to hear of your first success.. Now go get the next one !!
Randy Sherman
Elkton MD
I think it might help if we could hear more of the story, maybe with more details?
Seems like the size of the selling price wasn't as important as the willingness of the buyer and your compromise on profit margin. and what did you mean about not counting the 5K that was required to move on? where did that come from and why was it "required"?
Still I'd like to read about this more (if your willing that is)
Congrats on the successful deal by the way!
Less Talking, More Doing
Yes, It does work!!
Yep, on to the next. I have this amazing momentum!
The seller was only taking offers with $5k as EMD, and I didn't count with that amount of money. So, I had 3 days to send my agent and contractor for pictures and for rehab estimate plus presenting the deal to my buyers and giving them time to view the property. All this took 2 days and mostly half of the third day but before the time was up. One of my buyers finally agreed and we decided to make this work by removing my name from the contract and placing his name as total control of the property. We also agreed he will put in the $5k for the earnest money.
Hope this explains in more detail of the story.
Cant get number 2 until number 1 is in the bank, good job keep going.
We do like to hear all the details tho.
Aaron-n-Suzy
Way to go, it does feel good huh, done 3 deals myself and I do have the hunger for more! and im sure you do too! nice deal btw, great profit the buyer will have, love it. thx for posting
Tony
Go faster do more! GFDM!
sounds like you got a great deal and left enough meat on the bone for your buyer! Very nice! I'm sure your buyer will be buying many more deals from you!
Wishing you continued success,
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
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Please tell everyone how you found your deal. Was it for sale by owner, MLS etc. Good luck to you. I am in Northern Cali and it can be done here too. Thanks for posting and giving another DG'er in California motivation to keep going and to never give up
To get something you've NEVER HAD
DO something you've NEVER DONE.
Yes, this was in the MLS and it was done using Matt's 25:1
Way to stick to it!
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.
Thanks for sharing with us on how you got your first deal done. You will succeed.
BEst Of Luck
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
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Gildardo,
Congrats on getting the first deal done and out of the way. It only gets easier. That first one is tough for most people. You now have a greater understanding of the entire process. I tell students everyday taht the first hurdle is the biggest. Keep moving forward and you will do a great job of changing your life.
Keep offers going. You have the momentum and will do well. the more experience you get you will discover that the excitement does not change. Opportunities will increase. Best of luck moving forward.
Roy Voeks
Official RE Coach
Hi Gildardo,
I have a question -- after you had your agent and contractor took pictures and estimate, how did you show the house to your buyers. Did you have them come in at the same time or different times. And what did you have to tell the seller when you have several people coming in to inspect? Also, on assignment deals, is it true that you have to tell your cash buyer your profit and if so did you tell him before or after he agreed on the price.
I'm a newbie and would appreciate some basics on the process.
Thanks,
Dan
It doesn't matter how long it took you to get that first deal! You showed that you are going to do this, NO MATTER WHAT! That shows that you are a winner!
I am SO happy for you! I know you must be very excited, as well you should!
Looking forward to hearing all about the next one. It will be much easier and come much sooner!
Best wishes!
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!"
Well this sounds inspiring. ^_^
LESTWINS
Congrats and way to stick with it! I admire you for now giving up and getting that first deal done. keep up the hard work!
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!!!!
Sorry for typo, admire you for NOT giving up! Its possible to do deals in CA!!!
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!!!!