DOCUMENTING DEALS !! #1

I think it'll take you a long while for you to write down all your deals... but I will be looking forward to reading your 'book of deals'

Val

its all in my journal but i need something to do as the copy machine is SMOKIN.... LOL
deal # 2 is the sale of the sfh ....#1 and as i said i marketed it right after i signed the purchase agreement .and i began to build a byuers list.i marketed in the local telegram and in the local free trader.found a buyer for a land contract for 38,000...so i had a some work to do on the basement then a new owner will take it!!! i asked for 5000 down and they did not have it but after finding their magic buttons ...i asked them what they had to TRADE.and then it began........a 2006 astro double wide home....ohhhhh those little tin boxes that spit out cash !!! well not quite but a newer home that was in a trailer park and they had an argument with the owner and had to move out.this home was pd in full and they told me they pd 45,000 3 yrs ago...well i didnt even look at it and offered 20,000 so the sale price is 38,000-20,000=18,000.........18,000 with a mnthly payment of 280.55 per mnth with 8 % interest to me for the next 7 yrs...not bad for reading a book and following a late night info mercial guy huh ?? thanks dean !!! oh and i need to tell ya this house came with an empty lot that i keep and sell on another deal !!!!!! thanks again dean !!!

Jay said: "once i signed the pa i immediately started advertising it even before i owned it."

I do this on EVERY deal!! The only way to fly.

Organization: get organized from the start, and prevent clutter. Now position yourself and structure the business to take advantage of tax benefits and asset protection.

I lost count of deals after 40 something.

Best of 2012 and beyond

you got it bud!! you CREATE ANOTHER deal even before you finish the first one !! way to go Mike !!
jay

this dealis the result of SEPERATING A VACANT LOT that came with the sfhome on deal 1.It came about when i told the buyer of the house deal #1 that i was selling the vacant lot next door.I knew they didnt have a down payment and they showed interest in the land .Iasked what they could afford per mnth and they said 200 per mnth...so i negotiated a payment of $176.98 per mnth 9 % interest for the same 7 yrs as the house....that is a total of %11,000 sale price and $14,866 from a total of 84 payments !!!! the owner bought NO $ DOWN and i will have an other income for the next 7 yrs !!!!!!! lets do this again !! dean teaches this strategy in his THINK A LITTLE DIFFERENT PROGRAM !!!! ....read it ...learn it....USE IT !!....AND oh yeah ...DOCUMENT IT !!!

jay

Hey Jay, great to hear from you again!
I was wondering as I read your posts, what does the Success Academy define as a deal?
You consider the purchase of the SFH as deal #1 and then the sale of it as deal #2...
If I were to get a house under contract at a great price and then assign it, would that be 1 or 2 deals?
In my opinion, if you're doing RE as a business, you're in it to make money. So if you get a house under contract, you haven't made money until you sell, rent or assign it.

Thanks for any info you can provide.

I will be reading every word. Thank you for your posts.

how r u buddy !! when i was in it the success academy recognized a deal as when you buy...= 1 deal ......when you sell = deal min profit $1000
your assignent would be 2 deals....now you should check to see if anything has changed !!!
this is just for the refund purposes at that time.I cant speak for the academy now.
jay

hey dan ,glad you r continuing to strive for new heights.keep being PERSISTENT and stay on course !!! believe in yourself ...cause I BELIEVE IN YOU !!!
JAY

Is the sale of the 2006 a$tro double wide home.This home was in a park and I marketed it n sold for 23,000 !!!! Now I had some expenses of lot rent n marketing but took this profit n PD OFF THE sfhome...deal #1 !!!!!!!!! This is all within A SHORT TIME PERIOD........I had 4 DEALS done in ONE PACKAGE!!!! so this shows you that THIS STUFF IS POSSIBLE with a little study and the CONFIDENCE AND DRIVE to make it happen! !!
The double wide home was a transaction that I learned .....is the same as a motor vehicle transaction.You have a TITLE....just like a car....and the owner signed it over to you and you send it in to the motor vehicle dept....to receive a NEW TITLE document in YOUR NAME.good stuff learned!!!! .....GET IN THE GAME......DON'T BE AFRAID TO LEARN......BE PERSISTENT....BELIEVE YOU CAN DO THIS! !!! SURROUND YOURSELF WITH SMARTER PEOPLE, LIKE MINDED PEOPLE.......just START TODAY and DECIDE you are going to CHANGE YOUR LIFE by learning deans strategies!!!!!!
Jay