OfflineI did this deal about a two weeks ago. I found a distress triplex in my neighborhood. The triplex was vacant for the last 3years. I found the owners info and contacted them. I could tell they were eager to sell by the way they were answering my questions. Once they let me in the property each unit needed 10k in repairs the comps were at 350k - 365k.
I negotiated down to 150k cash. That same moment i called an investor and told him about a deal that i had and my fee was 4500. The next day I introduce him to the owners and the deal was made he gave me the $4500 and bought the property all cash.
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Congrats, on a job well done. I would call that a two shot deal, introduce the parties and got my money. Looking forward to hearing more from you. 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.
Wow,great job!!!
Good for you!
Thank's for sharing...
This means a lot for us.
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Be a Dreamer! Never Give Up!!
All in a days work..$$$...good job bro.
Everyone Can Make A Difference!
John A.
I have'nt done any DEALS yet, but I thank you for sharing with us what you have accomplished, well done. Attended my first REIA meeting 2 weeks ago,met
alot of likeminded people, nice place to Network. I joined a MEET-UP GROUP in
my area, thats how I found my REIA ,nice place to find all kinds of stuff, go
visit, Mahalo nui loa
George41
George
Thanks everyone for the great post. some word of encouragement dont give up. keep pushing. Dont let anyone shatter your dreams
Congrats....
Where abouts in So Cal are you Rick? I am in Yucaipa (San Bernardino County)
Thank you for sharing your story!
It's great to hear our DG family member is acomplishing their dream one by one
Whether You Think You Can or Can't, You Are Right
~ Henry Ford ~
Im in Los Angeles