Golden Tip and Proof it all works.

Golden Tip and Proof it all works.

Hi All My DG Family

Roberta and I just got back from a two and a half week training and house buying trip in four states. Yes, that is four and yes I am whopped. But, I wanted to share with you that what Dean teaches and what we twist and turn from those teachings works and works well. Below are the five deals already accepted on homes in Ohio. On average we paid 28.2k for each home and averaged a 30 cap rate as far as ROI goes. I used my rules here of, if the house is in a good growing area, is a 3/1 min, is less than 50k, needs less than 7k in repairs and there is a spread in the ask and arv price then I am in. The counter offers came back about 1,500 to 2,500 above my 65-75% of ask offers...really DEAL. They are all going to be lease options with 3k option, 850 per month and a 20k add on at the end. Oh, and they are all no money out of pocket deals... Do you still think that you can't do this. YOU CAN....AND I BELIEVE IN YOU SO GO DO IT.....

Hi Joe,

Here are the 5 offers:

_________________________________________

13609 Oak Park Blvd

$37,100 Cash

Trust Name: 136XX09 XXXXXXXXX Trust
__________________________________________

11809 Darlington Ave

$20,100 - Cash

NOTE ON CONTRACT: (i forgot where on contract Dennis noted this) ----- Buyer not asking for repairs however is noting offer reflects need for new roof, carpet and missing hot water heater.

Trust Name: 11XX809 XXXXXXXXXXX Trust

_________________________________________________________________

5365 East 131 St
$26750 - Cash

or

$30600 Owner Carry 4% Interest; 10 years, $5000 Down

Trust Name: 53XX65 XXXXXX Trust

________________________________________________________________

5502 East 135th

$26750 Cash

Or

$30600 Owner Carry 4%, 10 years $5000 Down

NOTE ON CONTRACT: (i forgot where on contract Dennis noted this) ----- Buyer not asking for repairs however is noting offer reflects need for new extreme concrete work

Trust Name: 55XX02 XXXXXXXX Trust

__________________________________________________________________

123486 Darlington Ave

$24635 Cash

NOTE ON CONTRACT: (i forgot where on contract Dennis noted this) ----- Buyer not asking for repairs however is noting offer reflects need for new extreme concrete work, as well as, garage floor replacement.

Trust Name: 1234 XXXXXXXXX

________________________________________________________________
All contracts.....for all offers now & later:

All $100 EMD upon acceptance

30 Day Close

No survivorship

Signed by XXXXXXXXXXXXX

XXX-XXX-XXXX

Address: XXXXXXXXXXXXXXXXXXXXXXXXX

MUST HAVE Wording on all contracts: All proceeds in excess of buyers closing costs will be returned to XXX XXX XXX, LLC (above address).

Please let us know if we missed anything or if you have any questions,

Thank you
XXXXXXXXXXXX

Man oh Man did we smoke these deals...Lord I love this stuff.


Keith

so awesome nice you have a niche. i like it. way to go.

__________________

Tony

Go faster do more! GFDM!


Great Tip Keith. Thank you

Great Tip Keith. Thank you for sharing
Thank you!!

__________________

"Don't tell me I can't, Tell me how I can."


Hi Tony

Hey dude how have you been? The market in Ohio is hot right now and things move fast. We used the 65-75 and one at 85% formula on these offers and it worked great. They already had money built in them before we even started so boooyaaa. Now we get to put families in great homes without doing any repairs...America what a country Keith


Hey Donna Doo

Hey Lady how have you been? The market in Ohio is hot right now and things move fast. We used the 65-75 and one at 85% formula on these offers and it worked great. They already had money built in them before we even started so boooyaaa. Now we get to put families in great homes without doing any repairs...America what a country. :jawdrop: Keith


Hey Keith!

Way to go, sounds like you batted 5 for 5! Thank you for sharing!

__________________

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!!!!


Nice Job Keith

Good Job Keith and thanks for sharing.

__________________

Reynold Orozco


My Honor

I love when deals like these hit so well. We don't do a ton of deals each year but when they are like these i'm good..lol


very nice Keith

yea!

__________________

Tony

Go faster do more! GFDM!


Ray28ct

Hi Ray
So you like these as well. I can't tell you much everyone wins when you do them. Look forward to seeing you next year or shoot me a line. Keith


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