OfflineStill getting caught up, but some of you may have seen this one, the thread was "My Lowest Deal so far" (or something like that). It was in April.
I did not do any deals in March, but worked like Madmen getting the tracking, follow-ups and comp-ing improved.
And the market here was beginning to tighten up...
This was with the "old client" buyer... my second deal finally for him!
"Carey"
REO
Listed at $49,900, locked up [not quite low enough] at $34,000
My fee was $2,000 but I am very very thankful. It took me less than an hour altogether on this deal.
Profits to date:
Cash- $19,000
Projected with the 2 JV rehabs- $48,000
My goal since Dec has been to hit $100,000 by the Edge, so I'm only half way there and due to the hiccups in the JV's it was becoming less plausible, but I wasn't about to give up.... not until The Edge!
Thank you!
-Tina
Never, Never, Never Quit, N3Q
"Nothing happens until you place an offer."
"Skip Deal #1, go straight to Deal #2; it's so much easier."
"There is nothing so useless as doing efficiently that which should not be done at all." — Peter F. Drucker... so, "Don't sweat the small stuff." -R.Carlson. "The greatest mistake you can make in life is to be continually fearing you will make one."~E.Hubbard, The Note Book, 1927...so, Do it for the right reason and "Do it with a headache!" - Dean Graziosi, Weekly Wisdom #176
So is this the first guy? The one whose deal fell thru for some reason?
"You're never too old to be what you were meant to be!"
www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...
"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"
Thanks again Karen!
No this was the "old client" from my other business.
Buyers I have done deals with:
1. WJ-- met at REI Club-- he uses hard money and buys/fix/flips; I "assigned" a deal to him, but he did not close
2. ST-- introduced to him by "my old sign client" GF, ST uses his own funds from Rehab/Flips as well as PM; I flipped deals 2 and 3 to him. He just sold one of them at around a $40K net profit!
3. JO-- he came up to me at the REI Club meeting and we have done 2 JV's, Deals 4 & 5; he's the one I have funded, but I shouldn't be and I'm only getting 50% of the split. It will work out in the future, though.
4. DS-- this is the call from my bandit sign, a husband & wife team that gets funded by her brother out of state; Deal #6 was done with them in record time of 4 [business] days from call to close! Deal #9 were with them as well.
5. GF-- he's my "old sign client". About 10-12 yrs ago he started buying SFR's in CA, then came to NV to buy/fix/get occupied & sell Apts-- I made his signs and helped with his promotions. He went back to do CA more and when I called him he was getting back into NV. He wants to do 25/month... so far I think the most he has caught is 13/mo (3 from me that month!) but he's gotten near 50 since Dec. He has his own funding. Makes his decisions in 5 minutes! He's a buy/hold pro investor; Deals 7, 8 and 10 were with him!
So, there's a little bit about the different types of investors I try to keep happy and doing deals with!
This brings us up to April in my catch-up!
Never, Never, Never Quit, N3Q
"Nothing happens until you place an offer."
"Skip Deal #1, go straight to Deal #2; it's so much easier."
"There is nothing so useless as doing efficiently that which should not be done at all." — Peter F. Drucker... so, "Don't sweat the small stuff." -R.Carlson. "The greatest mistake you can make in life is to be continually fearing you will make one."~E.Hubbard, The Note Book, 1927...so, Do it for the right reason and "Do it with a headache!" - Dean Graziosi, Weekly Wisdom #176