Good Morning DG Members,
We are having a terrific summer as we continue to learn from Dean’s books, programs and the DG website. We are delighted to inform you that we were able to acquire several parcels of land in a tax sale thanks to Dean Graziosi and his techniques, tips and information. Dean really inspired us to look into tax sales and we recently received tax deeds on various parcels of land near a recreational lake.
When I was a child we would go to the recreational lake for a Sunday drive and to get ice cream and sit on benches by the lake. It was always a fun time and I often thought this area may eventually have more potential. We normally would not have consider acquiring vacant land but we were able to acquire these parcels for pennies on the dollar and we have a few exit plans. The problem that can occur with vacant land is your carrying costs with no revenue coming in. Thus, you have to forecast your carrying cost over time compared to the execution of your exit strategy.
Dean taught us to think a little different and I see some real potential of this recreational lake area community. There are many people that use this lake for fishing, boating, water skiing, wave running, etc. During the past few years there has been several new developments right on the lake including a large condominium development. The area appears to be going through a transitional phase of updating of homes for second homes or summer homes.
I believe the area will continue to grow because all around the area new subdivisions are being developed and built. Thus, it is a matter of time, it could be a few years or longer. However we have a plan. We desire to sell a few of the lots and then hopefully cover the property tax expenses of holding the other lots. We believe this may turn out to be a really good investment. These lots are several blocks from the lake, but we hope developments will move into this area since they are already around the entire area.
I believe the best parcel of land we acquired in this recreational area by the lake was an entire block! There are 10 lots on the block and we were able to get this parcel of land (10 lots) for under $1,000. We are very excited about the opportunities we are discovering by applying Dean’s principles, techniques and tips. We never would have considered these parcels, however we believe it is good to diversify our real estate portfolio.
I hope other DG members will find opportunities in tax sales and be able to spot the future opportunities of their local areas. Sometimes it is very important to think a little different, see what other don’t see and you may be able to profit from real estate today. Thanks Dean for another great deal as we continue to move a few steps closer to financial freedom. The journey during the past 3 months has been tremendous! We really appreciate the motivational blogs and "blitzkrieg" of recent information! Good luck on all your deals! Believe and Achieve! - Joe and Stacey
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"I am naive enough to think that I can do my part in helping change the world, and if that's a bad thing, then, so be it, the Question is....who's coming with me?"
- Dean Graziosi
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That is great!!!!!!!!!!!!!!!! Sounds like a deal Dean did when he bought all this land in an area of upstate ny and then decided to build condo's, he got the land for very cheap and the project was going to make him millions! I am very happy for you. Good luck and let us know what happens next. Did you see of you can get building permits yet?
Jeremy
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams
Bruce Springsteen
Thanks for the nice comments and congrats. When I looked at this property I remember watching Dean on the Deal of the month and I thought of the same exact thing. It would be so cool if we had the same success with this parcel of land. The area is being developed so I believe permits should not be too hard to get. Right now we are accessing our options. Good luck on aal your future deals. Believe and Achieve! - Joe
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That's cool; you and your wife will make out good with parcel with the development coming into that area. Make sure your keep a lot for yourselves though!
"I will NOT BE BROKE! ANYMORE!"
In the name of Allah, the Beneficent,
the Merciful.
22.He is Allah besides Whom there is no God: The Knower of the unseen and the seen; He is the Beneficent, the Merciful.
23. He is Allah besides Whom there is no God: the King, the Holy, the Author of Peace,the Granter of Security, Guardian over all, the Mighty, the Supreme, the Possessor of greatness. Glory be to Allah from that which they set up (with Him)!
24. He is Allah: the Creator, the Maker, the Fashioner: His are the most beautiful names. Whatever is in the heavens and the earth declares His glory: and He is the Mighty, the Wise.
Thanks for the comments and advice on keeping a lot. My wife and I were discussing the best approach for these lots and if you can sell a few and get all the money back plus a little extra to work with, it is like playing with house money by keeping the other lots. We will keep our fingers crossed and see what happens.
I even had a thought about building a self storage building for one of the lots. There are so many boats, jet skis, other types of recreational equipment, etc. that people bring to the lake area. If they want to store them this may work out. I will have to look into the zoning to see if this would be allowed. Like Dean has taught us, I just trying to "think a little different" and look at all the angles and possibilities. Good luck with REI. Believe and Achieve! - Joe
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Joe, What a great deals at the lake. Looks like you are really following everything Dean says in the book. That is awesome !! Let us know what you are going to do with the properties someday.
Best of luck
Paul T. La Moy
Joe your amazing! Your dedication is outstanding. I am happy to have been able to see your efforts become your realities! Congratulations on your closing's. Keep going Joe. Continued success to you and family always............Lubertha
"GOD IS STILL IN CHARGE, HE IS THE AIR WE BREATHE"
Thanks for the congrats. We are trying to do as many things as Dean recommends in the book. We hope this will give us some diversification and teach us how all these techiques work. We believe the more you try the more yo ushould learn. We are so excited about real estate and all the information Dean has provided. Good luck on all your deals. Believe and Achieve! - Joe
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Thanks for the congrats and kind words. More hard work produces more results. I like Dean's formula for success. We are trying to follow as much of Dean's insight as possible and continue to hope good things will happen. Thanks again for the support. I hope you and your family have a very nice 4th of July holiday. Continued success and best wishes. Believe and Achieve! - Joe
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Thanks for your comments and also enjoyed hearing from you and you are one of my biggest fan here. Have a great night buddy.
Paul T. La Moy
Joe,
I am excited to hear about your new deals! I always learn so much from your posts and have even tried a few of your suggestions ;0). Keep the details a flowing and away we go!
You guys are achieving it!
hillvalley
That's outstanding! You set a constant example of how important, thinking creatively can be. Let us know what happens in the future.
Good luck!
-Mike
Thanks again for the comments and support. We appreciate it. Good luck on all your deals. Believe and Achieve! - Joe
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Thanks for the comments and support. I hope a few of the sugestions have paid off for you. That is the great thing about the DG website, it is filled with a lot of great information and tips. I wish you sucess on your future deals. Believe and Achieve! - Joe
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Thanks for the support and kind words. We are chasing the dream! We hope to continue to benefit by using Dean's tips, techniques and strategies, to keep the deals rolling. We are working a lot of hours, but having a lot of fun along the way. Good luck on all your deals. Believe and Achieve! - Joe
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It will be remarkable to see after you all close on this deal, some developer comes up and offer you mucho money for this expanse of land. Thinking a little different will surely be different. Good Luck.
Sandra
"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.
Thanks for the congrats and postive comments. I really hope the economy gets better next summer and the developer is knocking on our door. I would drive the developer to the bank if they were interested in offering a nice price for the lots. Good luck with REI. Believe and Achieve! - Joe
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