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FIRST DEAL DONE !!!

Posted on: Wed, 03/30/2011 - 16:59
FIRST DEAL DONE !!!

Took a while to piece it all together but after you have done it you realize its a PIECE OF CAKE !

ON TO DEAL NUMBER TWO !!!

To All The Ones That Supported and Gave Advice I Say

THANK YOU !!!!!

__________________


Posted on: Wed, 03/30/2011 - 17:04 #1
Post details. I'd like to

Post details. I'd like to hear what you did and how you did it.

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Allen & Denise
Denal Enterprises


Posted on: Wed, 03/30/2011 - 17:12 #2
GREAT!

This is good news. Great job! Details please.

__________________

www.cthillproperties.com


Posted on: Wed, 03/30/2011 - 17:53 #3
First Deal

Great News,

I'm with everyone else. What'd you do and how you did it? We're all ears, 'er
eyes. Smiling

Ty

__________________

Yesterday is history, Tomorrow is a mystery, and Today is a gift...

Ethel Griffin

...So don't throw away a gift, do it today as tomorrow is not promised.


Posted on: Wed, 03/30/2011 - 17:58 #4
I wrote a contract on a home

I wrote a contract on a home that was on the market for 2 years ! Found my buyer and sold the house in 2 days !! Bought it for $ 45k Sold it for
$ 54,900.00 Told the buyer I needed a non refundable check for $ 9,900.00 and I assigned him the contract! Attorney called me last week and said they closed with no problems...


Posted on: Wed, 03/30/2011 - 18:11 #5
Congratulations!

Terrific news! Can't wait to hear about Deal #2.
-Kay

__________________

Kay


Posted on: Wed, 03/30/2011 - 18:19 #6
raven1234

way to go! you did an awesome job!

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Linda, Army EOD Mom
you can follow my journal at http://www.deangraziosi.com/real-estate-forums/investing-journals/45351/...
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Posted on: Wed, 03/30/2011 - 18:25 #7
nice..

congrats...wow, 9900 nonrefundable, and they did it. That's cool...
was this house a regular sale? (not reo, ss, fore, estate...ect)

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Don't Wish the Past, Create the Future! - DH


Posted on: Wed, 03/30/2011 - 18:31 #8
Yes it was your average run

Yes it was your average run of the mill home... I have reconstructed the assignment document... I have a full assignment which is what I did... or a partial, in which I will get at least half and then get the remainder at settlement. Thats for the one's that bulk at paying the full amount..


Posted on: Wed, 03/30/2011 - 18:47 #9
Congrats!

Job well done! Can you run through the whole deal? Just curious how you ended up putting it together.

__________________

Randall Budde

http://centralparealestate.usapropertywholesale.com/

All Advice is Greatly Appreciated! Please help me learn.

Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind. - Dr. Seuss


Posted on: Wed, 03/30/2011 - 18:50 #10
Congrats!! nice piece of

Congrats!! nice piece of change on your first deal.


Posted on: Wed, 03/30/2011 - 19:13 #11
Was this a FSBO?

Did you tell the owner up front what your plan was? It would be nice for you to fill out your profile so we know who you are....Congrats on your deal!
Barbara


Posted on: Tue, 04/12/2011 - 10:54 #12
Congrats Darren! Glad

Congrats Darren! Glad everything is working out for you now. Keep in touch! It's been too long Sticking out tongue

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Dominic

Are you new? Check out my NEW and IMPROVED Guide for Beginners! http://deangraziosi.com/real-estate-forums/everything-else/128413/domini...


Posted on: Tue, 04/12/2011 - 11:32 #13
Congrats

Darren,
I like the 'piece of cake'--way to go.
NEXT......

__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


Posted on: Tue, 04/12/2011 - 12:38 #14
Yes it Has

dominoafekt wrote:
Congrats Darren! Glad everything is working out for you now. Keep in touch! It's been too long Sticking out tongue

Hey Dominic ! Are you still using real money when you play monopoly ???
I want in on the next round !!! Call me when you have time !!

Darren


Posted on: Wed, 04/13/2011 - 05:56 #15
Congratulations!

2 days $9K+ thats awesome..time for deal #2.


Posted on: Wed, 04/13/2011 - 06:02 #16
that fast? How did happen in 2 days?

was it a bank reo, regular mls listing, or fsbo? That's the fastest closing I've ever heard of. Way to go!

raven1234 wrote:
I wrote a contract on a home that was on the market for 2 years ! Found my buyer and sold the house in 2 days !! Bought it for $ 45k Sold it for
$ 54,900.00 Told the buyer I needed a non refundable check for $ 9,900.00 and I assigned him the contract! Attorney called me last week and said they closed with no problems...


Posted on: Wed, 04/13/2011 - 16:01 #17
Congratulations! We'll be

Congratulations! We'll be right behind you with our first deal soon!


Posted on: Wed, 04/13/2011 - 17:08 #18
MLS

thishousebuyer wrote:
was it a bank reo, regular mls listing, or fsbo? That's the fastest closing I've ever heard of. Way to go!

raven1234 wrote:
I wrote a contract on a home that was on the market for 2 years ! Found my buyer and sold the house in 2 days !! Bought it for $ 45k Sold it for
$ 54,900.00 Told the buyer I needed a non refundable check for $ 9,900.00 and I assigned him the contract! Attorney called me last week and said they closed with no problems...

The home was on the MLS I think the listing agent made $ 2,400.00 Not bad for an agent for 2 years huh? I dont discriminate where the deals come from.... they all are prey! You know whats funny now... I have agents asking if I can find them a cheap home!! Once you learn this art it really becomes fun. Im having a lot of fun right now!


Posted on: Wed, 04/13/2011 - 17:23 #19
U CAN DO IT !

thishousebuyer wrote:
was it a bank reo, regular mls listing, or fsbo? That's the fastest closing I've ever heard of. Way to go!

raven1234 wrote:
I wrote a contract on a home that was on the market for 2 years ! Found my buyer and sold the house in 2 days !! Bought it for $ 45k Sold it for
$ 54,900.00 Told the buyer I needed a non refundable check for $ 9,900.00 and I assigned him the contract! Attorney called me last week and said they closed with no problems...


Here is something else that you may find amusing. I write And/OR Assigns on all my contracts. Have an agent who insisted on choosing the TitleCompany since it was bank owned. Title Company calls and says ready to close... I say sure... No one ever sent my signed contract back... send that and I will close. The bank signed off on an assignment in which they are not allowed to do and now I wont let them out of the contract ! Dont assume that all these realtors and banks know what they are doing. Be cautious but never be bullied. Not by sellers, agents, banks or buyers.. Structure your deals to where you are always in control and you will prosper faster !
Leverage = Payment !


Posted on: Wed, 04/13/2011 - 17:41 #20
congrats

That's right leverage does equal control. How much was the house listed for before you made your offer? How did you line up your buyer so fast?


Posted on: Wed, 04/13/2011 - 17:46 #21
TGIW

rbailey1962 wrote:
That's right leverage does equal control. How much was the house listed for before you made your offer? How did you line up your buyer so fast?

I dont have the numbers with me... around the $ 65 k range. I keep a healthy buyers list... but the bandit signs work best.


Posted on: Wed, 04/13/2011 - 17:54 #22
Congrats

on a job well done. Your remark about banks and real estate agents are spot on. Always take care of yourself.

__________________

Always Looking to Acquire Houses | Always Looking to Amaze Investors


Posted on: Thu, 04/14/2011 - 01:27 #23
Way to go!! love it keep

Way to go!! love it keep moving great Job.

__________________

For thou, O God, has proved us thou hast tried us, as silver is tried. Thou broughtest us into the net, thou laidst affliction upon our loins. Thou has caused men to ride over our heads, we went through fire, and through water, but thou broughtest us out into a WEALTHY PLACE. Psalms 66:10-12


Posted on: Thu, 04/14/2011 - 02:33 #24
encouraging

Thanks for hanging in there and showing how it can be done! "Just keep at it" attitude really paid off. Three cheers!!

__________________

Jill Holden | San Diego
Investor Services
Team Development


Posted on: Sat, 04/16/2011 - 20:02 #25
Nice job

Darren,

you make it sound so easy! it shows that spending your time getting everything set up right will make your deals go smoothly and will work!
Thanks for sharing with us,

Wishing you success,

Valerie

__________________

Valerie

“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss

"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown

My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...


Posted on: Mon, 04/18/2011 - 17:43 #26
Darren

What a great job!

Next!

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