$500,000 profit margin. YUP. Closing tomorrow. Oh, did I mention? NONE OF MY OWN MONEY! Oh, and in Los Angeles area.... Hmmm :)

Hello DG Family,
Well, I wanted to make an effort to get here to this site much more frequently. But, sadly that hasn't happened. I've been working on a deal for the past 11 months that finally has come to fruition. You know me..., its one of Tammy's crazy deals! A short sale with 2 loans that's a divorce with IRS and other liens. Yes, I attract the problem properties, don't I? But I'm not complaining. I AM A PROBLEM SOLVER after all. And this one, I left in other's hands to resolve the problems while I worked on a few other deals.

Purchasing this one for $645,000. Paying some 'creative fees of $12,500 and $12,900 and a finder fee of $5,000. Rehab will be about $150,000. Holding costs are $15,000. So, that's approximately $840K to acquire and rehab this property. Then it will be about $56K in realtor fees. Mind, NONE, NONE, NONE of my own money!!! ARV? $1.4M! That leaves a profit of $500K. My money partner gets half of that. This is the 3rd deal I've done with this particular partner. He's quite a happy camper. So am I

This one required some creativity to make it happen. I'm keeping it and rehabbing it; although I did have a buyer and could have wholesaled it for $75,000. Its in the SAME city my $100,000 wholesale deal was in; which happens to be the city I live in. After doing a rehab in the mountains, I REALLLLY value a property close by that I can keep an eye on. This one is already funded. There's just a waiting period until tomorrow to record.

My strategies and goals this year have changed to that of 'less stress' and time with the family. Therefore, I'll only do deals that make over $100K and I'm liquidating some of my buy and holds to buy a whole bunch of buy and holds in other parts of the country utilizing full service wholesalers. I'll need a few more months to get into THAT part of my goals. But my goal is 75 out of state properties by next year's EDGE. I'm also going to do some wholesaling with a different partner, and working with another partner on a training program specifically geared towards Southern CA investing.

So, if you don't think YOU can do it, think again. If you know a little of my story, by rights, there's no way I should be doing ANY deals, right? LOL I laugh and snicker on the inside about that type of sentiment. I'm making it happen and nothing and nobody is stopping me, God willing.

YOU ARE THE CREATOR OF YOUR OWN DESTINY!
~Tammy
It is CERTAIN I will succeed to my next level! Oh YEAH!!!

PS: Also on a health journey, I'm down to 23.7% bodyfat from almost 47% at the start of my real estate journey. I've lost 69 lbs. There's nothing like the confidence investing in yourself can bring!!!! Thanks Dean, for EVERYTHING!!! You are still my hero (after my dad of course )