OfflineYesterday was a BIG day for me. I signed up a lease option tenant. We collected $50000.00 as a nonrefundale consideration fee!! Yippee. Funny I had written down month ago that a goal I wanted to reach was to make 50,000.00 before the end of this year and I did it!!!! This whole deal took me a month to put together but I did it by myself!!!
I can do it...
This was complicated deal but it is done and I really got my company out of a bind.
So more details....we purchased this house as a flip. but it hasn't sold We have been sitting on it for months.Our PM person called his note. Due by 12/30/12. So what I did was I found a rent to own tenant who put 50k down and on a 5 year balloon purchase price of 135k. Then I found another PM person who is lending us 80k at 8% for 5 years. So at the end of the day we are netting 27k.
So much going on. I am also negotiating a package deal of 78 units. I will keep you update.
Last week I made 1k asissting with a friend with a rent to own deal. I just did the paper work.
We have another house pending all cash close in 8 days! Now that is a true cash buyer!!!LOL and Yes I put him on my list.
__________________
"Don't tell me I can't, Tell me how I can."
"Don't tell me I can't, Tell me how I can."
Nice Donna; very very nice! Congrats.
P.S. I love your Avatar.....your WE BUY HOUSES signs!!!
Congrats Donna!!!! Now that's a deal. You are rocking and a very busy woman. I wish all the best on your next few deals.
Josh
"The best is yet to come."
"Never let someones opinion become your reality"
Way to go, so exciting. Thanks for sharing
Jean Maestre
The Maestre Property Group, LLC
"Our deepest fear is NOT that we are inadequate, Our deepest fear is that we are powerful beyond measure"
"Do or do not, there is no try"
"Every adversity, every failure, every heartache, carries with it the seeds of an equal or greater benefit"
Donna you are definitely "DOOing"!!!!
Karen
"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!"
That is a nice chunk of change; I thought I was reading it wrong until you put 50K! And 27K Wow!
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...nice work!
Teresa
College Station, TX
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"Declare that you will prosper despite every difficulty that may come your way. Don't just survive; thrive!"
-Joel Osteen
Way to Go Girl!!!
... and the girls continue to rock!!!
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/...
That's what I call reaching a GOAL! Very creative with your back against the wall. I know what that's like right now! This is something we can all learn from!
You've got lots of irons in the fire; don't you? Definitely making it happen by taking action!
You are very inspiring Donna, and should be proud! I know we are!!!
John
Quitters NEVER win - Winners NEVER quit!
"P.U.S.H. = Persevere Until Something Happens" Dean
“Opportunity is missed by most people because it is dressed in overalls and looks like work.” Thomas A. Edison
Check out my Road to Redemption journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/88171/...
www.windfall-properties.com
Very good news, Donna! Your persistence paid off! Alotta great deal ACTION going on. Kudos to 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
being creative and structuring the deal WORKS!!
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
wow, great stuff, proud to see ppl setting goals and following through, GO YOU!!
I have to say Thank you to Dean and all his teachings!
And a kind thanks to all my DGers for encouraging me and supporting me. It is so wonderful to be able to reach out and get assistance. I just love this business!
"Don't tell me I can't, Tell me how I can."
That was awesome! So happy for you!! Good to see when people take a step to do something and it just works out! Very inspiring!
Great job!!! Again, action action action!
Congrats! Thanks for sharing this deal. Shooting for the stars, and you have 3 months more!
SEMPER FI
GET SOME!
Hi Folks,
Can anyone help me with the assigning contract. I do find properties for Sale, and i also find buyers, but my question is, which contract do i use to make the deal with the seller, and most important how do I add the part that Dean say, "and/or assign" clause, or what ms. Carol stinson calls, contingency's to a contract. Do i had write or copy paste into microsoft word one of Deans contracts and then add the assign part? Also, since i want to lock the property with the seller first before reassigning it to an investor, which contract should i use with the investor?
Can anyone help?
Thanks, folks...best for all.
H.Rod
H.Rod
You need a purchase and sale agreedment. then you write your name, directly after your name you write and/or assigns. YOu have to know what works in your area. Has a realtor wrote any offers for you yet?? PM ME H. Rod
"Don't tell me I can't, Tell me how I can."
You first started with the DG family, and look at you now! You're like a busy bee ~ it's great to see your success. Keep the success going, Donna! Nothing is stopping you now.
It's safe to say that you're ahead of schedule. Keep moving, and stay on top.
From a hard start at the edge to this..Got to love this stuff. NOW GO GET SOME MORE...
Not having a goal is worse than not setting one..
http://www.deangraziosi.com/real-estate-forums/investing-journals/92139/... -
http://www.deansmedia.com/play.php?vid=266
DAllas thanks so much. You know I like to be busy and Im sure not stopping now!
"Don't tell me I can't, Tell me how I can."
BurnOut thanks a lot! I did meet my goal! So excited but I have to keep going. Then day I can walk away from my JOB is the day I know I have made it.
"Don't tell me I can't, Tell me how I can."
Thank you Keith... you told me i could... And I did..
"Don't tell me I can't, Tell me how I can."
I too am looking for PM and was wondering how you found yours.
Lenee
www.allstarhouses.com
~Act successful! And you'll draw it to you.~
~Every achievement, big or small, begins in your mind. It starts as a thought.~
take a breathe and get another one!
Linda
"...be; not greedy for money....but eager to serve"
1 Peter 5:2
"WOW" this is a wonderful! you've persevered, focused, worked hard, committed and most of you set the "GOAL" until you've attained it!
"YOU TOOK ACTION" "YOU TOOK ACTION" "YOU TOOK ACTION" "YOU TOOK ACTION" "YOU TOOK ACTION" "YOU TOOK ACTION" "YOU TOOK ACTION" "YOU TOOK ACTION" "YOU TOOK ACTION"
You are an inspiration to all of us. Thank you.
Vida Vaughn
Life Of Beloved Unity (LOBU)
Universal Life Investments
Universal Life Real Estate & Investments
Universal Life Enterprises
Congrats Donna make that money girl.
Tony
"With God All Things Are Possible Matt. 19:26"
"Give a Man a Dollar he's Rich For The Day, Teach a Man To Make a Dollar
He's Rich For Life" - T. Grant
OHH WOW!! congrats, thats an awesome chunck of $$ great stuff ; )
Thank you everyone. I am off to find a couple more I have 2 in the pipe line I really like the LOs.
Lenee you asked how I found my PMs I found them in deffernt way my very first one I found because of an ad I placed that said private money needed secured in first place on real estate.. and I am still doing business with them in fact my personal residence is financed by them. I have 8 PMs, most of them I have met from being in the business and 3 are friends and 2 are family. You just have to tell everybody what you are doing and be excited about it while you are talking!
I just want to thank each of you for taking the time to respond to my post. It means a lot and it truly makes me proud of myself and being part of this family
"Don't tell me I can't, Tell me how I can."
You Did it!! GO! Donna Go!
Gina