Thanks to Dean Graziosi and Matt Larson, We Made our Best Deal in April 2009 for less than $10,000!

congrats! great story and very inspiring. I wish you both the best in your real estate journey
God Bless

WOW!

This is a GREAT story!

Congratulations!

Angela

Joe,
I have been looking at your posts and I am quite amazed and love what you are doing.
I have one question for you that has me in a rut that seems to have me in a hold,
I want to purchase property but have no cash to, and where I live houses are in the $100,000 range even for an REO.
Did you start off with cash or how are you financing these deals.
Any advice is greatly appreciated.
Tony

Thanks for the congrats and well wishes. We appreciate the support. Good luck on all your deals! Believe and Achieve! Indiana-Joe

Thanks for the kind words. We appreciate it and it motivates us to do more deals. Good luck on all your deals! Believe and Achieve! Indiana-Joe

Thanks for the email and the kind words. We started out using some small amount of savings, selling an extra car and a few other items. We also used a credit card. I would recommend seeing what resources are available to you. You may even be able to borrow from a 401k plan if that is an option for you.

If you find a good enough deal you can make some cash by assigning it or taking on a partner. Also, try to expand your search area into other neighborhoods nearby. There may be some other areas where the REOs are more reasonable. If this is not ana option, you may also want to offer under $50k for some of the $100k REO properties in your area. Good luck on all your deals! Believe and Achieve! Indiana-Joe

Now THAT was a great deal! I am glad that something I said or did has helped you along your journey. I live for stuff like this. Great job! Now go out there and do it again. THE DEALS ARE ENDLESS!

AAAAWWWWEEESSSSOOOOOMMMEEEEE!!!!

Thank you for taking the time to congratulate us on this deal. I really enjoy reading your posts and comments on the DG website. Thank you for taking the time to share your insight and information with us. I am making up for lost time, since I have only been on the DG website for a month.

We were fortunate enough to do 2 other deals similar to this one in the past month and you gave me a great idea last month to approach small local banks. That has made the difference for me. Also, when we briefly discussed how it felt the day you were able to leave your job and be a full time investor was a true inspiration to me. Thanks for taking the time to share that story with me. Dreams really do come true! My wife and I wish you the best of luck on all your current and future deals. Believe and Achieve! Indiana-Joe

Wow all that equity. Keep up the good work. Much success. See ya at the top!
GOD Bless

Great inspiration Joe. What a lesson here to be learned. I've been looking at so many success stories on line this week. Impowering myself. Looking foward to my own. Contined success for you!
Sincereley,
Lubertha

Thanks for the congrats and positive remarks. We are really excited about real estate and want to let everyone know they can do it too! There are plenty of deals out there, so lets all get their together and find more of those gems! We are in the right place, at the right time and have the right educational resources & techniques provided by Dean, so anything is possible! Good luck on all your real estate deals! Believe and Achieve! Indiana-Joe

Thanks for the positive remarks. I read many of your posts on a nightly basis and I know you are well on your way with great success with real estate investing. I look forward to reading more of your postings and hearing about those great deals that will be coming your way! Good luck on all your deals. Believe and Achieve! Indiana-Joe

Hi Joe,

Just wanted to say again I am totally inspired by your effert to succeed. I heard something tonight on a cable news show about housing. How this family are about 7 months behind on there mortgage, loss their business and job. And are facing foreclosure. The news castor had an advisery panel on. And all that they could recommend is to get out of it by putting there house on the market.And the other reccomended them to go to this web site named housinghelp.com. It recommended me to forclosure.com along with other sites. Are you familiar with this site? Just trying to learn how this can be turned into a advantage. When I heard this story on the news and how they were saying that there is a whole new era of foreclosures headed by people who did the right thing had perfect credit, jobs and fixed loans. It was such a confirmation to everything Dean's program is teaching. What's your opinion on this? Continued success.....Lubertha

Thanks for the email and information. There are many sites out there that can provide foreclosure information for a monthly fee. The foreclosure.com is one website I have heard about along with various others. Dean also mentions on page 99 of the "Profit from Real Estate Right Now" book a service for only $29.95 per month called www.foreclosurealert.com. This site may offer a better value.

However, if you do have an interest in REOs in your area, have a broker do an REO search for the area you are interested in. Then can also set you up for automatic email notifications for new REOs in your desired area. The monthly service for REOs does provide greater information and detail that may be beneficial for you on each property. Sometimes they offer a free trial period but you will have to cancel if you no longer want the service otherwise it may be billed directly to your credit card. Good luck on all your deals. Believe and Achieve! - Joe

Thanks Joe! Just goes to show, how reading chapter's over again would pay off. You don't alway's see things the first time around. Thanks again...............Lubertha

Joe, that is just insane! I literally said "Are you kidding me?! Nice!" while I read that.

This type of stuff that really gets us and Dean pumped up to work harder to always try to improve everything we do and offer to get more stories like that.

Great job... you are setting the curve right now with those deals! Do the math, put it down on paper - you will see how with each deal like that you are moving a step closer towards being setup for life between cash flow and equity. I assume you are probably going to use this for a rental also, or are you flipping or assigning?

Great stuff!

Thank you for taking the time to share your thoughts and kind words. We are so excited about Dean's books and information that some nights I can not sleep, just thinking about what we have accomplished in such a short period of time and what we would like to do with Dean's other tips and techniques. I pinch myself on a daily basis and can not believe how our lives and net worth are changing at such a rapid pace. At the live Gain the E.D.G.E. event I thanked Dean in person and asked if he would sign my book "Profit From Real Estate Right Now", he graciously did and also wrote "Dreams really do come true"....I look at this book daily and think, they really do....they really do!

I am keeping copies of all my closing paperwork and pictures of the properties so we can share our stories with other people. We want to inform other DG Members that are out there that Dean's techniques really work and if they read, study and apply Dean's concepts and techniques they can do it too! (Believe and Achieve!)

All three of our recent deals (Deal #1 for $10k, Deal #2 for $22,500 and Deal #3 for $17,500) will be rental properties that we buy and hold. The great thing about the $10k property is the potential for this property to appreciate in value is tremendous. The block that it is on is a major state route road and the block is mixed with residential and commerical properties. I really liked this property not only because of the home and huge garage but also because it was on a double lot. Ever since I purchased Dean course "Think a Little Different" I have been able to look at properties with a whole new perspective. Dean has provided me with the vision, inspiration, confidence and information we needed to succeed in real estate investing.

My wife and I have committed to become finanially free and we are looking at more and more properties each day! I can not believe how many deals there are available and what banks are willing to accept to move some of these REOs. My biggest challenge right now is getting our system in place to buy and then assign some deals. My day job is one of the major things holding me back, so I am working extra hard to try to become a full time investor as quickly as I can.

Deal # 4 has already occurred and once again it is because of Dean. I purchased the "Think a Little Different Course" to learn more about tax sales and tax certificates and I can not believe the property and 2 lots we just recently acquired or other couple of lots we will be acquiring in the next few months!

My wife and I really appreciate the DG website and all the wonderful people we have met on-line each day. We want to wish everyone continued success on all your current and future deals! Believe and Achieve!

I am impressed with your instincts and foresight. You are right about this one, it does have a potential to be a gold mine and the small price you paid makes it easy to hold as long you want to see how it plays out, all the while it cashflowing.

We have an area in a ajoining city that being developed into a major city center. The area it is going in has been planned for rejuvenation because the neighborhood turned into a concentrated area of crime and a eyesore. Well, those very cheap houses are going to fetch a pretty penny for the land to complete the required project. It is actually mandate, but the budget and council fights kept it in limbo for so many years I stopped looking into buying up some property. Bad move, because now it is moving.

Versatile land like yours could be just a perfect candidate for something like that... best case scenario you hit the jackpot on it, worst case you get a monthly income from it with option of cashing out a nice chunk of change at any time. Gotta love that!

Any time people are getting good houses for less than the cost of your average family car I am pretty excited!

Thanks for sharing your input and story about the developing major city center. I find you can learn a great deal from things taking place in an area. The town that I purchased this home in still has the median price home around $100k, it close proximity to Lake Michigan and other major developments is great. The town has recently built some high end large homes for $300k to $400k near the Lake front.

It is a very nice grass roots type of community town that has a lot to offer, but some do not visualize what it can be. I consider this town "a diamond in the rough" and I believe one day it will "pop" with development opportunities. I believe a lakefront condo development project could be a tremendous opportunity for the developer and the community as a whole.

I enjoy business almost as much as real estate. I follow companies strategy and track thier growth. Walgreen's has had tremendous growth in the midwest, southern states such as Florida and even now trying to penetrate the Hawaii market (Lahaina, Maui). Well, I see how Walgreens can be very aggressive when they desire a parcel of land. Often, I see a CVS Pharmacy open just after a new Walgreen's in an area. It is similar to years ago when McDonald's would open and then a Burger King would open shortly there after across the street. Thus, with a large new Walgreen's opening several streets down from this property, I am hoping for CVS Pharmacy to potential be looking to locate to this area as well. My wife inquired "would you consider selling this property to a CVS like buyer?"...I then replied, "I would drive them to the bank!" Believe and Achieve! Indiana-Joe

Joe I am really happy to hear of your success. keep rolling. I wish you and your wife much more success. you deserve it. Your story brings a smile to my face.
Richie.

Thanks for the congrats and kind words. We appreciate it. We wish you success with all your real estate deals. Believe and Achieve! Indiana-Joe

Congrats and thank you for posting and giving me inspiration that these deals can be pulled together.
Kat

Thanks for the congrats. The time is now to take action. Just apply Dean's concepts and techniques and before long you will be finding some good deals too. If you look at enough properties, make enough offers, you will get a few deals accepted. Good luck on your real estate investing. Believe and Achieve! Indiana-Joe

That is great - we are very exciting for you. Just goes to show you need that first deal to take your curiousity and explode it. Congrats and keep on sharing with us all!!!

Thanks for the post and the congrats. Ever since the live Gain the EDGE event my wife and I have been making offers and finding some gems of a deal such as this one. It has been such an exciting and rewarding time for us and our family. We hope to keep the deal streak going each month. It is great to hear from you. The in-door slide at the Rustler's Roost Restaurant was a lot of fun (lol). Good luck on all your real estate deals. Believe and Achieve! Indiana-Joe

It's great to see your progress. Your success stories are motivating! Continued success to you and yours........ Lubertha

Thanks for the congrats on this deal. I appreciate your inspring words. This is why my wife and I really enjoy the DG website, not only do we learn from each other, but we can also share in the excitement in each other's successful deals. Thanks again and good luck on all your deals! Believe and Achieve! - Joe

I'm finding that to be the same issue where i'm located......FMV houses are in the 225 - 250 range where I live, all built in the 50's, bout 1/2 with some kind of upgrade or addition.....I too am lost with that step....when the house is priced so high, the down payment (if I held onto it) and all that jazz.

If you come across any insight solutions please share, as I will do the same.

Thanks for the input. They are a lot of towns and cities around that have REOs between $200k and $500k especially near the suburbs of Chicago and Indianapolis. The best advice I can offer is look into other towns close by. The towns where I found my deals have the average REO listings in the $89k to $150k range. Thus, I look for deals under $100k keep them on my radar and look into other towns nearby.

Another tip may be if you find a great deal on an REO, the ability to assign the deal or find a partner may be a little easier. Good luck on all your real estate deals. Believe and Achieve! Indiana-Joe

Thanks for the advice Joe! Your a good person and I appreciate your time.