Deals 33,34,35 and 36 in 2011

For letting me be part of the team. I'll do my best not to disappoint.

Congratulations on your other deals.

Hope you and yours have a very Merry Xmas.

Andy

That is wonderful! You are doing SO, SO well!

Thanks for all the info and motivation you provide.

Karen

That is great!

Short sales....hmmm...I have been thinking about them and have some ideas. I would like to talk to you about how you are doing them. I am sending you a PM.

Looks like a great year! Happy Holidays!

Michael

Everytime I read your post, I am like wow. How do you manage so much, how do you fit in everything in 24 hours, what is your typical day like? I bought couple of properties which are buy and hold, in the process of preparing ground for wholesaling. Would love to do no money down deals whether it's assigning, lease options or any other strategy, what is your advice to me? Would really appreciate few words from a pro like you.

Maddy

Great job ! You really have a great system going on.Thanks for the postings you give, it helps so many people .Keep up the great work, 2012 should be a real good year for you.
Take care

Curtis Fillers
(Charlotte,NC)

i enjoy seeing you post and always look forward to the deals you have nailed down...you r CRANKIN IT MICHAEL !!! im sure 2012 will only add pure SUCCESS to your PERSISTENT DEDICATED ACTIONS !!! way to go ...always inspiring ~!!
jay

Andy, here's to many deals between us in 2012.

Karen, thanks, I hope the info really does help people!

Chris and Maddy, will be PMing you guys soon.

Curtis and Jay, Thanks! Jay, have fun on the cruise!!

Michael Mangham
MD Home Acquisitions LLC

Thank you for the informative posts. On the Short Sales
- You refer the sellers that are heading to foreclosure that you can not (or do not want to) L/O or wholesale to a short sale agent.
- Then they pay you 25% referral fee when it closes.
- Did I get it in a nutshell, is it that simple?
- Also, do you refer all preforeclosure owners to the agent, no sorting?

Thank you in advance for your answers and help!

*Looking forward to your reply to my PM!

Very nice deals you having going, can't wait to hear all the details!

Jeremy

Dan,

To answer your questions: I refer leads on people that have received a notice of default, that have no equity or owe to much to work as a L/O or "subject to" deal. We simply get permission for our short sale negotiator to contact them. We set up a time for our guys to call. Done deal for us, we just wait for it to close if they agree to work together. Most do not close. We get 25% of the net profit.
We do sort them, we only work with the ones we are pursuing that show equity. Not all end up having equity, those are the one we refer. There are close to 400 a week that could be researched, mailed to, called on etc. We just don't do it. That would take up 1/2 our week. It is really just a sideline thing that brings us a deal here and there. No real extra time involved.

Jeremy,

Thanks! Looks like I will have the signed contract with non refundable earnest money this afternoon on the one my fellow DGer supplied.
It is really all about Andy S. He was determined to find me a deal and he did it. I bought it from him for $130,000 and assigned the contract to my buyer for $135,000. I don't know what he is going to make, I didn't ask. He provided the deal, the numbers worked, I took it. End of story! I hope he makes out OK. Still have not heard on the offer I made on his second property. This one we will be splitting the net profit on. I already have the buyer lined up! IF the offer is accepted we should net $10,000!

MERRY CHRISTMAS EVERYONE!!

Michael Mangham
MD Home Acquisitions LLC

Great accomplishment for you and Deborah! You’ve obviously earned every deal and your cup will stay full of them with your drive and determination, no doubt!!

I’d like to say that I’m all-in and pledge to do my part and help the “M Squared” team reach a goal of AT LEAST 60 deals in 2012 (or is that too few)??!!

Can’t wait to crank it up a notch here in ‘Bama! I got a feelin’…woo hoo… that it’s gonna be a fun ride!!!!

Merry Christmas and enjoy your Holidays!!

You KNOW we will be doing one soon. We are close, very close. Just keep doing what you are doing. Can't wait to come to Alabama to check out my first rehab there. In the meantime lets wholesale a few!! Did that paperwork I sent you yesterday work for you? I changed it from PDF.

Keep up the good work and Merry Christmas,
Michael

36 deals in a year can make a very nice income. Let's see; If you made an average of $5,000 per deal, you would have made $190,000. That is what DGers need to understand. It can be multiple deals making a little money on each deal. I run into too many investors who think they have to make $25,000 on each deal. You don't. You just need to keep putting one foot after another and do each deal for a fair value.

Great job again Michael.

It is always interesting reading your post Michael and hearing about the progress you are making for yourself and others. I hope they understand how fortunate they are to have someone mentor them as they move forward. Great words of wisdom Bill, "one foot after another", that's the way to go. Thanks everyone for sharing.

Sandra

Bill, thanks for the good words. It is all about volume in my opinion. I also see people spending weeks and months trying to make one deal work in some strange way or strategy. The old pounding a round peg into a square hole syndrome. When they should just pass and move on to the next. Most leads are not deals. The faster you can evaluate them and pull the trigger or move on the better.

Sandra, thanks! I am doing quite a bit of mentoring these days. I have systems in place now that allow me free time each day to work with others. I really have to know they are committed before I work with them. There are a lot of quitters out there or those that think this is a get rich quick kind of thing.
I am actually looking for more people across the country. I have 6 in Colorado and that is my limit here. We are going to rule the wholesale market locally! After I train them we do DEALS together, using my funding, buyers and earnest money until they capable of doing deals on their own! Now going nationwide!!

Wishing you guys a happy and prosperous 2012!!

Michael Mangham
MD Home Acquisitions LLC

thats awsome mike i love hearing how well your doing and the wealth of knowledge that you share with all of us.i can't wait to be part of your team in 2012.
nothing but the best of health and happiness to you and your family for the new year.

Michael, be glad to work with you. PM me.

Greg, I share on an almost daily basis. will continue to do so.

Michael Mangham
MD Home Acquisitions LLC