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.
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"Don't tell me I can't, Tell me how I can."
"Don't tell me I can't, Tell me how I can."
Thank you for your response Donna and congrats on your deal also
I assume that only leaves word of mouth to family, friends, and people that I bump into outside of work. I have a few, but I'm looking to get more who have more to lend. Thanks again!
The reason I asked is because I work in a field where I deal with very wealthy and affluent people (finance field) and I always want to talk to them about the opportunity but its a conflict of interest and I can be fired...placing ads could also mean termination for me, if discovered
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.~
Try placing ads in another county. Don't let anyone tell you that you can't!! be creative and find a way other wise you will not acheive what you desire! I was afraid also and I also work in a field that I have to be careful. and it has taken a longtime to start something. Keep thinking you will come up with something
"Don't tell me I can't, Tell me how I can."
WOW ! that is so awesome ! We have a couple of lease option homes, and have a hard time getting 5k down here ! One just became vacant again yesterday---any tips for us ? Loved your post !
Dave & Gay
Lloyd Properties, LLC
That is incredible!!! More than so many people make in one year SLAVING away in corporate america, working for someone else!! And YOU did it in one deal!! AWESOME.
Thanks so much for sharing!!
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