OfflineHello to everyone here and the entire Dg family. Just wanted to share my first success story with all that are still working towards that first one. I just completed my first assignment and recieved my check from the title company for $7,600 on July 12,2012. Not even a week later yesterday on July 17th I picked up a second check for $2,000 for a simple referral to a cash buyer. Didnt even do an assignment on that one. I am extremely grateful to Dean and all the helpful informative post from everyone on the site. I called my dad screaming for joy with this good news, and the first thing he asked me was "IS THIS LEGAL"?? I died laughing, and yes people this 100% REAL,legal,legit, and literally a life saver.If you have NO money and NO credit. Please dont give up and use this to change your life.
Finally my first deal done! Earned a $7,600 assignment fee
Posted on: Wed, 07/18/2012 - 17:39
Finally my first deal done! Earned a $7,600 assignment fee
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- by Tiffany773
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Hi everyone and thank you. The details of my deal were fairly text book. I posted an ad on craigslist saying WE BUY HOUSES.I Got a call from a maintenance man saying the owner of a property he works for wants out. So I offered the seller in the end $27,500 he accepted.Then a week later I got a call from a mailing I sent out to cash buyers.A cash buyer called and offered me $35,100 over the phone and I didnt even tell him the price yet, only the address.I was only gonna ask for $30,000. So wow lucky me.I immediately told him I accept and asked when could I meet him to sign the assignment papers. We met one hour later. I signed the assignment over to him using Deans printable forms off this site for a $7,600 difference. He closed on July 11th. Got my check from the title company on the 12th. I did not use a realtor in this transaction. I got my own purchase agreement from a friend realtor, filled it out myself with the terms and made an offer.I did not put down any earnest money.I added a clause/addendum stating EM deposits will be wired to escrow account holder upon completion of property and pest inspection reports with 14-21 days.I assigned it 7 days later and the buyer paid the earnest money..Tee hee lol. This deal was done with none of my own money or credit..The same buyer gave me the second $2,000 check for a refferal 5 days later.This is my first deal and I found it kinda hard to work with realtors and MLS properties. And I am not that advanced yet to know how to do short sales and reos. So for now FSBO are best for me. Wishing tons of success to you all. Tiffany
~Never give up on your dreams. Wake up and go get them!
~Don't let the START STOP you!
For sharing the details of the two deals!
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
Congratulations and thanks for sharing! Great confidence booster! Keep going and Keep Sharing!
Congrats Tiffany, your story sure tickled me pink. So happy for you. Now do it again, just as before.
"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."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.
Congratulations! I a just getting back into this again, and your story is what I need to keep motivated. Way to go! I'm so happy for you!
Life is full of choices, and these choices become your reality... YOU are in control of your future! YOU decide the direction your life will take. YOU have to make things happen, no one will do it for you!
When opportunity knocks, will you answer?
Congratulations Tiffany!
Keep it going and thanks for sharing!
Kurt A. Conway, MSHA, President
The Conway Financial Group, LLC
Real Estate Investor
kurt@tcfghomes.com
Let me add mine CONGRATULATIONS to you for a job well done. It is very encouraging to those of us still awaiting that check from the Title Company.
Tiffany,
Congrats and keep at it. Success begets success!!
--Walter
Congratulations on your first deal, Tiffany!!! Way to go...so happy for you!
Happy Prospering! ~Kat, Liberty Residential Investment Acquisitions
• "To every thing there is a season, & a time to every purpose..." ~Ecclesiastes 3:1-8
• "Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy!" ~Dale Carnegie
• "Begin, be bold, and venture to be wise." ~Horace
• "Never, never, never give up." ~Winston Churchill
• "Whatever you do, or dream you can, begin it. Boldness has genius and power and magic in it." ~Johann Wolfgang von Goethe
That is awesome!!!
Great job! On to deal #3
Thanks for that post, I know i'm closer towards me first deal.
What a true inspiration! Yay! I can't wait to post my own success story!
It's tangible, it's solid, it's beautiful. It's artistic, from my standpoint, and I just love Real Estate.
-Donald Trump
I am SO happy for you! Way to take action and make it work! What a wonderful testimony!!!
I am very Happy for you, I am still waiting for my to come, and get the great feeling. Very inspiring too. Thanks for sharing. Halina
Congratulations on your deal, it's amazing, i'm still working on my 1st. Tried working with realtors and no luck, tried bandit signs and not much luck there either. so kinda struggling. I know eventually I'll get there.
Question for you, do you use a realtor to pull comps for all the properties that you find?
What a great story and big motivator for those still working on getting their first deal done. Thanks so much for sharing. It really is real. It's amazing what a little positive thought and effort will get you.
Chris
"Faith is the eternal elixir which gives life, power, and action to the impulse of thought.
"Faith is the starting point of all accumulation of riches!"
- Napoleon Hill, Think and Grow Rich
I can see how excited you are/were to post this but how about actually telling people how you did it? All we've been given was the end result.
The no money no credit part is a bit of an exaggeration I think, no offense.
LESTWINS
Tiffany,
Really happy for you!
I hope to be posting my first deal soon too.
Thanks for sharing.
I am encouraged by your good fortune.
Keep up the good work!
The Eye has not seen, nor the ear heard, nor have entered into the heart of man the things which God has prepared for those who love Him. - Bible
Uhm if you read post #31 it is the details of the deal. And you need to read the books, posts,training and all the other hundreds of success post before you assume something thats makes you look like an Ass with your foot in your mouth and no money in your pocket.No offense.
You are another DG inspiration...thank you
Congratulation!!! You give us HOPE!!! Thank you so Much. Alright, fire up the motivation!!!! I will post my first deal soon as possible, I know it will happen. ^_^ Thank for lift me up.
Be happy and go healthy ^_^
Ling and/or Dustin
I'm just starting out as a newbie investor. Your awesome payday has inspired me to jump in feet first Way to go! thanks for sharing your success.
So what you're telling me is this stuff really works!!
I love to hear success stories like this Keep up the great work.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
OMG that is awesome!!! go you! now keep racking up more ; ) cant wait to make my first post on my first DEAL : )
Great job Tiffany! It can't get better than (Dean's) textbook!
Tiffany, I'm in Vegas also. Would you like to meet-up? There are at least 9 of us here.
LMK, we can start the Coffee House Meet-ups right here--
Awesome.
-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
Great progress, the only way is up! I think your Dad is so cute, is it legal? Funny
This is a great first time win!!! We are still working on our first deal! We have a great realtor and 25 offers on the table, but we're looking for additional strategies like the ones you detail above! Thanks so much for sharing!
You have inspired me to create THREE new craig's list ads today - THANK YOU!
I've been reading about the "yellow letters" and am working on those this week.
Please keep sharing your success along the way!!
Cheers,
Kristin
TIME = WEALTH = FREEDOM
Live STONG & Live with PASSION
Congratulations, Tiffany! Oh, what a feeling!!!
(Do the dance! LOL)
Happy Prospering! ~Kat, Liberty Residential Investment Acquisitions
• "To every thing there is a season, & a time to every purpose..." ~Ecclesiastes 3:1-8
• "Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy!" ~Dale Carnegie
• "Begin, be bold, and venture to be wise." ~Horace
• "Never, never, never give up." ~Winston Churchill
• "Whatever you do, or dream you can, begin it. Boldness has genius and power and magic in it." ~Johann Wolfgang von Goethe
Some would say that assignment fees are legal, and others would say that they are not, especially licensed real estate agents and your state's real estate commission. When assigning, giving real estate advice, drawing up contracts, etc., unless you are dealing with your own property, you are practicing real estate, and it is illegal, if you are not dealing with your own property. Thus, it is important to make sure that your contract is worded correctly, listing you as a buyer and not as an agent. You are representing yourself as a buyer, and that needs to be made very clear, in writing, in case one winds up in court.
Just remember, you have to be the buyer. You are not representing the seller, and you are not representing your buyer, either. These things need to be clear in assignment wording.
Rick Allison, Realtor
Amarillo, Texas USA
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