OfflineI started this deal with not much money because Sandy destroyed everything i had and it costed me alot to get our lives back together. The reason i am telling you this is so you know you CAN accomplish anything if you put your mind to it and never give up!
Ok, I bought this house from an owner who had rented it and lost it to Sandy, I convinced her to hold the mortgage with no payments for 3 months to give me time to get the property rehabbed since it was a full gut and rehab. numbers: I put 500.00 down on an agree'd price of 150k, at closing she found out she owed 8k in taxes (problem ? ) I offered to accept the debt and they deducted it from the price so we are down to 142k purchase. I partnered with a contractor with the agreement we would use his co for the rehab, this worked for me because i didnt have all the money to put up for the rehab and i got him to agree to put most of the rehab on the arm until we sold the house. After construction started i used what i learned at the Edge from I think Nathan. I went to the neighbors and offered 1k if they could bring me a buyer that closes on the house. Within a week the lady across the street came and said her brother-in-law is looking for the amount of bedrooms i had and is interested, So i met with him and he has been watching the rehab each time he visited his brother. here it is 3 months later and we have about a week left on the rehab and i just got off the phone with the guy after i showed he and his wife the progress yesterday and we have an agree'd upon deal after counter offers. So basically i bought and had it sold before i even finshed the rehab. I will have to make one payment it looks like maybe two before we close. purchase price 142k sale price 315k and after expenses and closing cost we should net around 70k.
Thank you Dean!!
Never EVER give up!!
You can have anything you want in life as long as your willing to work for it.
Richie
What a sweet deal.
All the best!
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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SCHAAAAAAWEEEET !! Congrats my friend !! You are certainly the definition of PERSISTENCE !!!! Nice job
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Congrats on the deal and nice job on being creative on making this deal happen. Thanks for this inspiring story.
Reynold Orozco
Congrats on that deal..nice
Beautiful!!!! The success is amazing, but what really penetrated my heart are the obstacles that you overcame with creative thinking and courage. I've had so many unfortunate circumstances in regards to family life and business within the past year, and I just continue to fight through the tears to stay standing. Your success story definitely brought me a surge of internal strength!
Thank you for the kind words narmond, Dont ever let life get you down always look at the positive side of things, we even learn from the bad things and i look at that as a positive. Just go and do it scared or not. like i said even mistakes breed success as we learn what not to do next time we are in the same situation. I have failed because of mistakes but I kept going forward wiser then i was before the mistakes.
never EVER give up!!!
You can have anything you want in life as long as your willing to work for it.
Richie
Slam dunk! Congrats on your awesome deal!
Lenee
www.allstarhouses.com
~Act successful! And you'll draw it to you.~
~Every achievement, big or small, begins in your mind. It starts as a thought.~
That's right, I've pledged a long time ago to never give up - and I vow to stick to that!
Rehab is done and today we just rcvd a tentative closing date of 12/16/14 what a great christmas present
had to make 2 mortgage payments but i expected atleast 2-3 so we are good. After all pay outs we should net around 30k each. I really worked my but off on this one ,well i used my brain lol never touched a tool 
.
Any way I just wanted to let all the new DGers know that it is possible if you put your mind to it and put in the work, nothing is gonna come to you so you have to go out there and get it.
again I did this in NY no banks, just creative thinking and using what i learned from Dean and some good friends, (thanks Rina and Laura).
Never EVER give up!!!
Richie
I know that you and your family has been through so much due to Sandy. I am so very proud at how you have refused to be beaten! You knew this worked and you have shown what you are made of!
God bless, my friend!
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!"
congratulations man. that is so cool. i wish you all the best. THANK YOU SO MUCH for sharing your story. seems some on here are to busy to do that anymore.......
What a out come and you never gave up and got really creative and used what you have learned, Sandy hurt a lot of people, but you and others made something positive out of it, thats how we all grow and it feels so very good, thanks for that feed back and out come, sincerely, Jim
jbischoff
Thank you walt and james, I posted this deal to hopefully inspire others to get off the fence and just do it. If you put your mind to it and just do it and follow what you learned in deans books or the Edge and the people here on this site you can make it work. if you think about it what do you really have to loose?? I do know there is much to gain but you have to face your fears and doubt and take action.
Karen how are you my friend
I see your in SC still, funny i was there last yr when i was passing through coming back from working on my FL property i didnt know you were in the area. I stopped at some of my wifes cousins for the day in carolina forest area. I found an agent there that sends me houses every day, he is very aggressive lol. hope all is well.
Never EVER give up!!!
Richie
You can have anything you want in life as long as your willing to work for it.
Wow! I wish I had known you were here! Next time we will have to get together!
All is absolutely GREAT!
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!"
No thats what I call a soldier who continues to fight, regardless of the obstacles. Keep it going. Congrats
To get something you've NEVER HAD
DO something you've NEVER DONE.
Deal is closed and in the books, paid the neighbor out that brought the buyer just in time for christmas and made their day
. Looking into the house across the street and the neighbor said they may have another buyer for me already lol. Have to get into gear on that one. It felt good to give them their finders fee to help out with christmas and they have 3 small kids.
Never EVER give up!!!
You can have anything you want in life as long as your willing to work for it.
Merry Christmas!!
Richie
That is truely a win-win for all of you, people helping people in real estate investing and solving problems cant get much better than that and what rewards, Jim
jbischoff
That is truely a win-win for all of you, people helping people in real estate investing and solving problems cant get much better than that and what rewards, Jim
jbischoff
That is truely a win-win for all of you, people helping people in real estate investing and solving problems cant get much better than that and what rewards, Jim
jbischoff
Great job with the added bonus of helping someone out at Christmas time!
Congratulations!
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
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