OfflineOk, The house we closed on in Lompoc turned out to be a cash cow. This house was at the start of the foreclosure process when we turned it into a short sale. Used opm to buy it for 235k, spent about 1k to clean the stuff out, inspection and insurance. We put signs out for a lease option and what do you know. We signed the lease with 15k option fee (not off the price), lease is $1,500 per month (same) and at the end the price is 300k. WOW
Here is where it gets fun. We also did a subject too the same way for even more money at the end. Bought another trailer for $3,200 on Friday and sold it Monday for $13,000 and got a ref fee from our short sale company. What will next week bring....NOW GO GET SOME
Not having a goal is worse than not setting one..
http://www.deangraziosi.com/real-estate-forums/investing-journals/92139/... -
http://www.deansmedia.com/play.php?vid=266
Congrats on these deals!
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
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That is so.... much a momentum boost!. awesome Keith...
Watch your thoughts, for they become words.
Watch your words, for they become actions.
Watch your actions, for they become habits.
Watch your habits, for they become character.
Watch your character, for it becomes your destiny.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Our Heart's Desire must be nurtured by our mind,to give birth to common sense, that will enable us to seek out the path less traveled, with the greatest Personal Growth. -J.R.-
Hey TC and insidernotes. I want to thank you for reading my post and let you know that you can do the same thing in your area. Once we had the paperwork correct (reviewed by lawyer) it was a cake walk. NOW GO GET SOME
Not having a goal is worse than not setting one..
http://www.deangraziosi.com/real-estate-forums/investing-journals/92139/... -
http://www.deansmedia.com/play.php?vid=266
Congrats on your success.....
My questions is on the 15k option fee. Did you get that up front or is there a premium on rent and over the coure of the lease that is the amount that will be collected from the premium's? Also how long is your lease option?
Thanks
How did you find this, let me guess... Bandit sign..
Good job guys, that's an "ata boy"....
Aaron
The 15k down was upfront. We decided to split up the 15k among all investors in the deal. So there are five cash investors and Roberta and I and equity investors. Three of us got 3k each and the others got 1,500. Monthly we will do the same for the lease payment and at the end we will split up 65k according to your share. We found this deal via word of mouth. It is a great deal for everyone involved. Boooyaa
Not having a goal is worse than not setting one..
http://www.deangraziosi.com/real-estate-forums/investing-journals/92139/... -
http://www.deansmedia.com/play.php?vid=266
Hey Keith,
i was wondering is there any type of investing you fill may become your niche or you stay flexible as the deals come?
Watch your thoughts, for they become words.
Watch your words, for they become actions.
Watch your actions, for they become habits.
Watch your habits, for they become character.
Watch your character, for it becomes your destiny.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Our Heart's Desire must be nurtured by our mind,to give birth to common sense, that will enable us to seek out the path less traveled, with the greatest Personal Growth. -J.R.-
Congrats to you and Roberta! Sweet Deals! MOMENTUM is rolling...
Thom
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!!!!
Congrats, great deal.
Insidernotes: I always try to have three ways to exit the deal at the end. If it is a deal and it comes to us we sit down and just dump it out on how it looks best for all.
Thom: Thanks and yes they are rolling in. rolling, rolling,rolling
gceriani: Thanks guys. I love reading your post as well
Not having a goal is worse than not setting one..
http://www.deangraziosi.com/real-estate-forums/investing-journals/92139/... -
http://www.deansmedia.com/play.php?vid=266
Way to go Keith!! Thanks for sharing your success stories, makes me want to take my game up to another level.
Reynold Orozco
Hi Keith thats awesome keep at it, much success, Jim
jbischoff
Thanks for the thanks guys. The deals are out there and this month I am trying to put three to five in the hopper. Working mostly on our business and setting it up with the right people.
Not having a goal is worse than not setting one..
http://www.deangraziosi.com/real-estate-forums/investing-journals/92139/... -
http://www.deansmedia.com/play.php?vid=266
Well you are kicking a@# & taking names! I like it, think I will go get some! Question? Did you take the Matt training? I did.
It is helping me up my game.
Tony
Go faster do more! GFDM!
No I didn't take Matts training. I have some much info coming out my ears now from the work Roberta and I are doing with our company I don't think anymore will fit..lol
Not having a goal is worse than not setting one..
http://www.deangraziosi.com/real-estate-forums/investing-journals/92139/... -
http://www.deansmedia.com/play.php?vid=266
I know right. it is pretty mindblowing what he shared, prob a lot you know already but there were some things just a few things that he has tweaked that make the buyers list soo much better & also the assistants, virtual & interns you might like.
Tony
Go faster do more! GFDM!
When it Rains it POURS!
CONGRATS and keep on doing what you're doing!
It's been REAL busy this year!
I'm ready to retire ... again for the 3rd time, but I ENJOY helping people.
Mike
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