OfflineWell the 19 year old/long distance partner/adopted son and I are ready to close on another deal. This deal is for me, yes you heard me, for me. Jeremy and I bought a house for my wife Terese and I to live in. Hey, after 3 children and a whole bunch of ups and downs in our life, mostly downs, we decided to do something for ourselves and buy a house just for ourselves and no children to boot, WHAT A DEAL!!! and it even has a pool!! After our last deal, Jeremy and I made offers on 7 other properties, but no deals. But you know Jeremy and I, we don't stop. So at one of our daily phone meetings, I told Jeremy that I wanted to go look at a house for Terese and me, Jeremy said lets go buy a house, and WE DID!!
We bought a 3br 1.5bath house, asking price 87k, and we bought it for 65k. Now here is the best part. We have only $393.00 out of pocket expense and NO MONEY DOWN, THAT'S RIGHT NO MONEY DOWN!!!. It is being funded by the USDA for rural communities, and all costs are rolled into the mortgage and we will get $1500.00 back at closing.
Now, this is not your typical DG deal even buying it under market.
So a deal is a deal and it is another one in the win column. We signed all the paperwork for the mortgage last night and the closing should be November 8th.
Again, this would not have been possible without Dean, this site, and all the great, great, people who are here.
Anything is possible friends, anything. You just need to go out there and find the deal. Trust me you will find one, and after one comes two and so on.
RELEASE THE HOUNDS!! IT'S ON TO THE NEXT DEAL.
JEREMY AND I WISH OUR BEST TO EVERYONE ON THIS SITE, AND REMEMBER THIS. NEVER, NEVER, EVER GIVE UP ON YOUR DREAM, WE DIDN'T.
JAN AND JEREMY -READY TO CLOSE ON ANOTHER DEAL
Posted on: Wed, 09/16/2009 - 00:05
JAN AND JEREMY -READY TO CLOSE ON ANOTHER DEAL
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- by Jan Malek
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Sorry about that guys, my wife just informed me that the closing is November 9th. Got a little ahead of myself....Jan
You guys are on a roll, keep 'em coming. Great job! Was this a distressed prop? How did you look at comps in a rural area?
Cathy
Cathy B
Follow my progress at:
http://www.deangraziosi.com/real-estate-forums/investing-journals/44397/...
No,it wasn't a distressed prop, it was actually thru a realtor that I have been considering to make offers thru.
Herkimer, NY is kind of like a small college town, but it is away from any major city, Utica being the closest with a pop. of 65,000.
The FMV on the house is 87k and a house right down the street just sold for 82k and a house 2 blocks over sold a month ago for 89k, so I think we bought it right and some equity and cash to boot.
It wasn't realy a hard deal, the seller had it on the market for 2 months and had made an offer which was accepted on another house, so he was getting nervous about selling his house. The great thing was, they were going to have an open house the weekend after we made the offer and we made the offer on Thursday and gave them 24 hours to accept or counter, but I wasn't going to counter, this was our only offer so I wasn't real happy with that, seeing that he had my offer and could use that for leverage to counter offer against me, but the day before the open house the realtor called and said you and your partner have a deal and the rest is history. It is a great 3br ranch with a great back yard and nice area of Herkimer to live in, plus it has a room in the basement which I will take for Jeremy and I to invest out of.
Sounds like you made a great deal and how great that you were able to do something for yourself. I hope to do the same someday. Congratulations and continued success in real estate!
Michel
Congrats jan and jeremy. Sounds Like youll be living in a great home jan.
Continue with your deals
Jan and I are moving again, instead of rushing into a bunch of deals, we take our time and look for the right deals that will pay off big time. Keep believing and never give up. Once you get started there is no stopping you. We are even hoping to take on 18 units, but we will post more when we have more info and do some negoating.
Jeremy Zelkowitz
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
way to go jeremy and jan !! congratulations on your work and keep it rolling!! herkimer is a nice place my son just moved home from there he worked for 1 year there it was great going to visit !! awesome job you two !!
Click Here For homepage www.jaysthilaire.com
need to sell ? http://www.jayhousebuyers.com
Need me to FINANCE a home ? http://www.jaysrenttoown.com
CHECK OUT MY JOURNAL http://www.deangraziosi.com/real-estate-forums/investing-journals/20063/...
Thanks for your words of encouragement. I wish all the best to everyone. The do get easier as you go on. the negotiating part is my specialty, I love the negotiations.
Jay, Where did your son work in Herkimer? i might of even talked with him, it's a small town ya know......Jan
Jan and Jeremy, nothing you two do amaze me anymore. I just knew you were up to some good. Jan, Lubertha and I are really happy for you and the family. I know you will turn this property into your palace. Congrats to you both on another job well done. To all our other family members, we wish all success. Now who will be next to make that deal. God Bless.
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.
I love reading about everyone's deals. Please keep posting because your successes encourage the rest of us and we enjoy the opportunity to celebrate with you.
hi jan ,my son justin worked for national grid in herkimer and just bid closer to home in saranac lake ny.he was there for a year.he had a place in schyler . i also have been down ther for training in utica alot.i work for ny power authority.yes herkimer is a small town and a nice place to live.i also know a few people in that area.good luck with all your deals i know my boy and i had looked for places to live when he moved there and did notice alot of good opportunities in that area!!keep up the momentum!!
have a great day
jay
Click Here For homepage www.jaysthilaire.com
need to sell ? http://www.jayhousebuyers.com
Need me to FINANCE a home ? http://www.jaysrenttoown.com
CHECK OUT MY JOURNAL http://www.deangraziosi.com/real-estate-forums/investing-journals/20063/...
Nice to know you are around the corner, so to speak. As far as I know I am the only DG member here in the Mohawk valley, which doesn't bother me!!Ha. If at any time you are in the area or have a question or hear of things, give me a call on my cell .......Jan
You 2 are an awesome duo! All the best to you in your new home.
Lea
SPR Property Solutions, LLC
Keep the momentum going and you will even be more dangerous:)
Jennifer
"The greatest mistake you can make in life is to continually be afraid you will make one."
Elbert Hubbard
Thanks guys. Yeah, we are like the odd couple!!! I must admit though, Jeremy brings a ton of energy into our partnership. He is always upbeat on where we want to go and he sets goals for us that we are just about on target. He is having a rough time right now, his mom is sick, but it does not deter him from our dreams. Jeremy is real close with his family and even going thru these tuff times he stays focused. Please stay in touch with us.....Jan
I will keep Jeremy in my thoughts and prayers.
Lea
SPR Property Solutions, LLC
Our prayers are with you always Jeremy, but especially now that your mom is ill. May she continue to get stronger as the days go by. There is always a sense of uneasiness when a member of the family is hurting. Jeremy, please remember that we are here to support you. May God continue to bless you and the family.
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.
I literally just finished reading Dean's "Profit From Real Estate Right Now!" book and reading your story has provided another supportive example and once again sparked an "I can do this" mentality! Wishing you future success on your later deals!
I will also keep you and your mom in my prayers. I agree with Sandra in that we are her to support you. Keep us updated as to how she's doing.
Congratulations on your latest deal. That is great news. It shows if your are out taking action, running the numbers and making offers, that good things will happen. Keep up the good work and continued success on all your future real estate deals! Believe and Achieve!
- Joe
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Joe Jurek CPA
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Way to go Jan & Jeremy!
I thinks it's cool you guys teamed up!
(For that matter the same goes for Sanbern and Lubertha too!)
Congrats to ALL of you and all of your success!
Michael B
PS: If I ever visit NY I would love to stop by and say 'hello'.
Nice Job! This is inspiring to everyone. Keep up the good work and continue making offers.
"If you cannot do great things, do small things in a great way.”
Napoleon Hill quote
Congratulations. I know you got to be feeling yourself now thats 2 in the bank.
"People Build People"
We bought a 3br 1.5bath house, asking price 87k, and we bought it for 65k. Now here is the best part. We have only $393.00 out of pocket expense and NO MONEY DOWN, THAT'S RIGHT NO MONEY DOWN!!!. It is being funded by the USDA for rural communities, and all costs are rolled into the mortgage and we will get $1500.00 back at closing.
Now, this is not your typical DG deal even buying it under market.
So a deal is a deal and it is another one in the win column. We signed all the paperwork for the mortgage last night and the closing should be November 8th.
Again, this would not have been possible without Dean, this site, and all the great, great, people who are here.
Anything is possible friends, anything. You just need to go out there and find the deal. Trust me you will find one, and after one comes two and so on.
RELEASE THE HOUNDS!! IT'S ON TO THE NEXT DEAL.
JEREMY AND I WISH OUR BEST TO EVERYONE ON THIS SITE, AND REMEMBER THIS. NEVER, NEVER, EVER GIVE UP ON YOUR DREAM, WE DIDN'T.
Good job keep up the good work!
Jan And Jeremey,
You Guys are great! keep moving forth! Continued success........Lubertha
"GOD IS STILL IN CHARGE, HE IS THE AIR WE BREATHE"
Denny, Lea Sandra,Michael,Regina, Indi-Joe, Michael B, Lubertha,Budda, Shane, Jason, man I hope I got everyone. thank you thank you thank you. I know how important it is to stay on this site. When I just started I kept watching people make deals, and making deals. the more I read about deals, the more I studied, and the more I kept reading. this site is priceless. The genuine help and kinship that goes on here is well beyond spectacular.
I know that Jeremy is feeling the same love here also. We are on to the next deal and just starting the process with what could be our biggest deal yet.
18 units, it's a monster, but there is battle plan in place as I write this.
We aim to make you guys proud of us on this one. Hold on to your seats, the ride could get bumpy!!!!!!!!
NEVER, EVER, EVER GIVE UP ON YOUR DREAMS
JAN & JEREMY
Jan and Jeremy,
Good job on your current deal! I am glad to hear about your success! It sounds like you guys make a great partnership, drive, ambition, negotiation. Keep the details posted. We all learn from each other.
Best wishes on your multi-units!
hillvalley