OfflineJust wanted to contribute to the DG family. I have been trying to wholesale for about 5-6 months. I have just closed 1st deal and this is how it went.
A lady called off a bandit sign. She had a 3/2 2 story home she had lived in for 40 yrs. The lady was a bit older and was having trouble getting up and down stairs. The home was in desperate need of interior rehab as the outside was recently updated 6-7 yrs ago. Like I said the interior was a disaster as she had 6 dogs. Anyways I went to my local REI club and started networking. Got a website and started advertising on that as well with Craigslist. Got about 6 offers and sold it for 31k in about 4 weeks.I had it locked up on contract for 25k. With only $1.00 down. I asked the investor to put down some earnest money of 1k. and they had no problem with it. Had him sign an assignment of contract and it was that easy. Gave him copies and closed 2 weeks later. Having done that 1 deal really gives me the confidence to move forward and get some more deals. The hardest part I run into in doing this deal is finding it. I had put out about 100 bandit signs in the area. All the contracts I used are on this website. Feel free to contact me for help as I know it is hard when you start out to get your feet wet.
"Success equals failure after failure without the loss of enthusiasm"
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Thank you Dennis for sharing your success story! Good luck in finding the next deal!! Remember to keep us posted!! BTW, nice way to ring in the new year!!
Earl in MI
DG
2%ER
RBBP
Lifetime Member
way to go! now the deals will get even easier. great way to bring in the New Year.
Linda, Army EOD Mom
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Congratulations! What a great way to end 2010
Thanks for sharing and I wish you continued success.
Lea
...Congratulations on your recent wholesale deal. Good luck wiht real estate investing and all your future deals. Believe and Achieve!
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Congratulations!! Wasn't it sooooo easy to do after you found the deal? As you stated the hard part is finding the deal, everything else just falls into place when you have a good wholesale deal!
This deal should be a lesson to everyone. Spend less time worrying about all the little details and learn how to FIND DEALS!!
Michael Mangham
MD Home Acquisitions LLC
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
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great work, i am just starting and i cant wait to post my first success story.
Congrats on your first deal! I know you must be SO excited!
Karen
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Way to go! We like the details as it gives us insight. We hope to do our first deal soon as well! Are the bandit signs bringing in many calls? We just got our and will be placing them out in the next few days.
Kim
To get the first one down. Congrats!
To get something you've NEVER HAD
DO something you've NEVER DONE.
To hear how easy it was once you found a motivated seller. We can advertise free with fliers and word of mouth, and bandit signs can be made of cardboard.
So happy for you, and keep us posted on your future deals. You showed how simple this is for anyone to do!
Congrats!! Hope your New Year brings hundreds of more deals like that!!
Sandi
Congrats on ya deal. Just keep that ball rolling!!! A success story is always goodfor all of us on here!!! Thank you for that.
I got my mind made up.....
www.Kingjussinvestors.com
www.jussinvestors.com (buyers site)
on your first deal. Thanks for the detailed story on how you did it. It gives a lot of momentum to others who are trying, but have not quite got, that first deal locked up. Ride the wave of success and get that second deal soon!
Always Looking to Acquire Houses | Always Looking to Amaze Investors
Congrats on your wholesale deal and for sharing the process.
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."
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"In all things, wait on the Lord."
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Great job on closing your first deal. Just in time for Christmas, at that! Way to keep pushing and never give up.
John
Quitters NEVER win - Winners NEVER quit!
"P.U.S.H. = Persevere Until Something Happens" Dean
“Opportunity is missed by most people because it is dressed in overalls and looks like work.” Thomas A. Edison
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On behalf of those who are trying to get their 1st deal done but haven't (like me), I want to thank you for that. And, congrats on your 1st deal. Sometimes we need that push to get us through to the next deal.
I have a couple questions for you. What was the rehab estimate you came up with? And, what was the ARV on the house? I would like to try both lease options and wholesaling, but lease options take time to gather your A team together.
I am planing on putting out cardboard bandit signs, since I don't have the cash to buy the nice white bandit signs, and I don't have enough $ to get a domain name to do websites. Thanks again, and Happy New Year!
A lady called off a bandit sign. She had a 3/2 2 story home she had lived in for 40 yrs. The lady was a bit older and was having trouble getting up and down stairs. The home was in desperate need of interior rehab as the outside was recently updated 6-7 yrs ago. Like I said the interior was a disaster as she had 6 dogs. Anyways I went to my local REI club and started networking. Got a website and started advertising on that as well with Craigslist. Got about 6 offers and sold it for 31k in about 4 weeks.I had it locked up on contract for 25k. With only $1.00 down. I asked the investor to put down some earnest money of 1k. and they had no problem with it. Had him sign an assignment of contract and it was that easy. Gave him copies and closed 2 weeks later. Having done that 1 deal really gives me the confidence to move forward and get some more deals. The hardest part I run into in doing this deal is finding it. I had put out about 100 bandit signs in the area. All the contracts I used are on this website. Feel free to contact me for help as I know it is hard when you start out to get your feet wet.
great job on your first of many deals ! congratulations
jay
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Your success is a success to me as well... thanks for sharing. Keep up the progress!
May God bless you and yours
Congrats to you on your first deal. Waht an awesome way to bring the New Year in.
Getting the first one done they do seem to come easier.
Now on to the next one.
Thanks for sharing and looking forward to more.
Laura
BMW Investment Properties LLC
Dude, the cardboard ones in my area work better than the fancy plastic ones.I know this because I have used both and got the best results with the cardboard signs. So don't worry about having any cash for the plastic ones. Best of all you can get the cardboard for these signs for free from many stores.
When you start getting calls from the cardboard signs let us know.
All the best,
Jason B
You Can Have and Be Anything you Want!!
Jason Bly (The RE_Situation)
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Blog- http://wholesalesuperstar.blogspot.com/
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Great job man!!!!!
See its not that hard as many people think it is. Plus the confidence you get from your first deal is AMAZING. Also getting that check in your hands and depositing it rocks as well.
I bet your addicted now.
Too me wholesaling is the gateway drug into other investment strategies! Was for me anyway.
Yes, I am addicted to Real Estate Investing. LOL
All the best,
Jason B
You Can Have and Be Anything you Want!!
Jason Bly (The RE_Situation)
Visit Me at http://www.facebook.com/JasonBly23
Blog- http://wholesalesuperstar.blogspot.com/
Push Button Yellow Letter Software- http://www.yellowlettergenerator.com
My how to take Discount Vacations Blog- http://www.advisorytravel.net
Oh my gosh, they work awesome. I dropped about 100 signs and got about 30 or so calls in a span of 2 months.
"Success equals failure after failure without the loss of enthusiasm"
Buy,Sell,Rent,Invest at www.mwhbuyers.com
For a Free Real Estate Website and other trainings visit...
http://www.realestatepromo.com/cmd.aspx?af=1292675
Happy New Year to YOU!! YAY!! On to the next one! Very excited for you!
Cheers!
Louisa
Current Journal on Dean's site: The Second Chapter: http://tinyurl.com/p986al3
First Journal on Dean's Site: From the Beginning: http://bit.ly/ocv10
congrats!
***Ms. Highly Favored***
Congratulations! Thanks for motivating me. I am very new to this. I just purchased my book and is awaiting its arrival. Can't wait to get started.
Great Job! I want to do my first deal too but will need a partner that I can work with on some of them. (none as yet) still reading posts, etc. on here.
I appreciate you giving us the way you went about doing this. Vary encouraging.
Congratulations on your success! I know the next one is right around the corner. 2011 is going to be a GREAT YEAR!
By the way, what did you put on your signs, and were the calls good leads or most of them just curious people?
I would love to hear more details if you wish to share.
Thanks,
Greg Rowe
Elk Grove, CA
I would love to know where these 25k houses are...everything around here has many more zero's on it...LOL! Much success in 2011...
Barbara
Has anyone been sucessful with the affiliate program. If so, what did you do. Trying to find any means of extra income. Thanks!
Dennis......CONGRATS!!!! Way-to-go, now GO DO IT AGAIN! Continued $ucce$$ to you. Happy New Year to you my friend; keep us posted on the details & your progress.
Attract Private Investors to fund your deals so you can do more deals while using Other People's Money (OPM). For more info go to:
http://www.mcssl.com/app/aftrack.asp?afid=1029023
Regards,
John <>< Future DG & DL REI Billionaire
ASPEN PROPERTIES "I BUY (ALL CA$H), HOLD, LEASE & SELL Commercial and Residential Properties" ANY LOCATION, ANY CONDITION, ANY PRICE
http://ctaffordablehomesforall.usapropertywholesale.com/
Wishing you many more deals. Hope 2011 is a Happy and Prosperous New Year!
-Kay
Kay