My first deal will be paying off big!

Congratulations on your deal! It's very exciting for those of us who are newbies to the game to hear of the success of others. How did you go about finding the buyers for the homes that you found?

Thanks for sharing! Can you give some details about how you lined up your deals?

Congratulations on your success so far!

I am not a newbie to life and i know how the world spins! Anyway, Great deal!

rand

Congratulations on your deal and your start into real estate investing. It sounds like your off to a great start! The 5 house bulk deal sounds very exciting and you will make a great profit. Good luck on your current and future deals. Believe and Achieve! Indiana-Joe

Thats good man. I hope you cash out Big time. I like how you said "I will be right on my way to having my own portfolio of homes". That"s smart means you want be blowing all your money after you do a deal.But reinvesting some of it. Keep us informed.
GOD Bless

I just finished my book and have gotten started with my marketing yesterday. Wow thats awesome that your first deal is as sweet as this one. And your a young guy...keep it up. I will be joining you very shortly. What method did you use? Did you use any money of your own or credit?

Well I have been reading Dean's book for about six months off and on. I am a Substitute Teacher and during class I would read Dean's books. I have almost finished both books. Then once I leaned where to find buyers and sellers, craigslist is the site I use for all my work. I met my investor actually through Dean's site.

I found the add on Craigslist.com, then once I found a seller who was just wanting to get rid of five properties in my area. I contacted the seller and wanted details on the properties. I went and looked at all the properties and then went to Dean's site and printed out all the forms I needed to place a bid on each property.

Once I had the paperwork I needed from Dean's site, I filled out a Investor Disclosure Agreement and faxed it over to the seller; so that the seller knew I would turn around and sell that same property to an investor for a profit. So I was using the transparent method Dean taught me and I told the seller that I would be passing this deal off to my investor.

After I had the seller sign that contract, then I went to Dean's site to find a buyer, who now might end up working with me on a few more deals. I faxed all five contracts over to the seller putting bids in on all five properties. Once that was done, I talked to the seller and got everything ironed out with the purchase agreement. I then faxed him the Discharge Agreement that Dean taught me how to make, stateing that I was going to be ripping up my contract and my investor would be stepping into my place as the buyer of the properties. Then the buyer and seller have to come together at closing and set up a new purchase agreement with the new price on it, which has my finder's fee built into it. Then the properties are in the processing stage of working out details on this part of the process, then we should be closing on the five properties in the next few weeks.

Along with that, my investor and I are finding new homes everyday that could be potential buys for us and that means even more money in the next month or two months. I will keep you updated on this process and how this is going! Thanks for your time and happy house hunting!

Sincerely,
John
J & S Investments

Fantastic! And all that while pinned down in a classroom. And good idea on craigslist, my ads posted there to find buyers (end occupants) have instead flushed out investors thinking I am a distressed seller.

I'm just starting up my business. And it's very inspiring to see these first time success stories. Deans courses have put everyone who's had the vision to succeed, by way of real estate, on the path to a great future. Hang in there and keep those deals going.

Something is missing in your reply to your post,I guess you really trust your buyer and then again i might need to read...again!

rand
P.S. Congrad on the program!Don't get me wrong...Thank-you for your post!

Get the deal on paper and hold your buyer under the fire,I just have a thing about homeowners!Yes it does help to avoid alot of paper work for you by getting the seller to sign disclosure........I really have no idea what i am doing....And what i mean is,I am not ready to sell;What was given to me(smiley face)!I really do get it and for that i say Thank-you.

randy
P.S.I always think of...Turn the coin
P.S.S.Why did not the REI ever buy a house, Because they never took a chance on themself

John,

being a newbie too you have inspired us. Thanks for the tip on finding a buyer on Deans site. We are working on a high end property in Hawaii and want to find buyers for fractions. I can't wait. what an exciting economy!!!

Reading Dean's book. Full of great info. But the info from members is outstanding. Keep up the honest good work.I need to check out Craigs list also..Need some sleep, Just wanted to say Hi.. Thanks.

Hi John,
Keep on doing it. I'm so excited for you! Keeping it simple is what I see in this new adventure. Just doing what Dean says. Especially when your new at this concept. Keep on taking this opportunity and running with it! Much Success..........
Sincereley,
Lubertha