OK everyone, here it is! Who says long distance relationships don't work? And no, not talking about my girlfriend who lives in California, altho our relationship is great I am talking about a DG family member long distance relationship... I'm 18 years old, got Dean's book and started looking into RE in January. When DG members come together there is just no stopping anything! I saw a fellow DG member who was posting on this site, he lived in NY like me, his name is Jan Malek. We were both looking to invest upstate, he lives upstate in the Utica area and I live over 4 hours away here in Brooklyn. We came together and began messaging on the site, emailing, and eventually talking on the phone about properties together every week. Before we knew it we were making offers together.
Here we are now, we were waiting for the perfect deal and we found it. After deals would fall thru for one reason or another (being out bid, crappy realtor, etc.) we just got our first offer accepted on a 4 unit property! I'm 18, I am about to own a home at 18 years old, it is possible and it can be done. Thanks so much to DEAN!!!!!! his books and this site!!!!!!!!
Here is the deal
4unit property in very good shape, fully rented out.
FMV 102k
Our offer that just got accepted: 80k
We are putting 12k down, but will get this back in a year because we got seller financing at 7% which is good for both of us. Seller gets some intrest and we have a year to establish our credit. Seller is going to hold mortgage for 1 year.
After mortgage, taxes, utilities(municipal electric/heat, so they are dirt cheap!), etc. are paid each month we still have $640 in POSITIVE CASH FLOW each month! That is $320 each going into both mine and Jan's pocket each month. I am 18 years old, just shows ya that anyone can do this. You just need to have the desire and believe!! I don't come from money, I still live with my parents, I just was smart about my money and saved a few grand from working part time jobs over the past few years. Look at what this has got me and Jan, a home, let alone a 4 UNIT MONEY MAKER home!!!
THANK YOU DEAN FOR MAKING IT POSSIBLE FOR AN 18 YEAR OLD, AND A HARD WORKING MAN IN HIS 50'S TO OWN A FIRST HOME. ANYTHING IS POSSIBLE, BUT IF IT WASN'T FOR DEAN OR THE OTHER AWESOME PEOPLE ON THIS SITE I DON'T KNOW HOW WE'D MAKE IT!
We are set to close within the next few weeks. Yayyy!!!
Jeremy Zelkowitz
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams
Bruce Springsteen
I am so happy for you and congrats !! If you need anything up in Orange County NY near Newburgh area and maybe we can work on some deals here. I have been going down to the city once a week on the train from Beacon. Good Luck !! Keep in touch
Paul T. La Moy
congrats on that getting excepted...Keep us all posted on the progress of everything...Nice job getting out there and getting things done.
~TAKE ACTION AND THINGS WILL HAPPEN~
***Something to Believe In***
"If you want something, GO GET IT...PERIOD" Will Smith
***"I CAN'T IS NOT A EXCUSE...IT JUST MEANS YOU WON'T"***
"Obstacles are those frightful things you see when you take your eyes off your goal" Henry Ford
~"Success doesn't come to you...You go to it" Marva Collins~
We have done a bunch of talking, brainstorming, offers, and now it has paid off. We have a unique working relationship because Jeremy and I have the same goals. SUCCESS. Comps in the area show houses at 100 to 110k.
Monthly breakdown is
Mortgage,taxes,ins 759.00
utilities municipal 300.00
total 1059.00
rents 1700.00
Net positive cash flow $641.00 per month
the house will need some roof repair, but we have thrown a concession in for 2k,which with my last call to the seller, they will repair the roof
MY MANY THANKS TO DEAN,MATT LARSON,RINA,ELANA ERIC ROBERTS AND JEFF JENSEN, AND MY PARTNER JEREMY, THIS WOULD NOT BE POSSIBLE
HEY DEAN, A POSSIBLE TELEPHONE INTERVIEW WITH YOU WOULD BE THE FINAL TOUCH TO THE DEAL THAT WOULDN'T HAVE BEEN POSSIBLE WITHOUT YOU, MY THANKS TO ALL
JAN
Congrats !! wish you the best of luck and much in success !!
Warm regards,
Paul
THANK YOU AGAIN ALL, PAUL, MARC, THANKS FOR THE KIND WORDS. OF COURSE MANY THANKS TO THOSE WHO JAN HAS LISTED, AND THANK YOU JAN, WOULDN'T HAVE BEEN POSSIBLE WITHOUT YOU EITHER! WE JUST TOOK A BIG 1ST STEP TO BECOMING MILLIONAIRES! AND YES, WOULD LOVE TO SPEAK WITH YOU DEAN! I'M 18, 18 AND OWNING A HOME, THE 1ST OF MANY! WOULD LOVE TO MEET YOU ONE DAY AND BE ON A FUTURE COMMERCIAL. I AM JUST GOING TO KEEP ON PUSHING WITH JAN, MAYBE WHEN WE MAKE OUR FIRST 100K WE CAN MEET!
DEAN IS THE BEST!!!!!!!!!!!!!!!!!!!!!
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams
Bruce Springsteen
THANK YOU AGAIN ALL, PAUL, MARC, THANKS FOR THE KIND WORDS. OF COURSE MANY THANKS TO THOSE WHO JAN HAS LISTED, AND THANK YOU JAN, WOULDN'T HAVE BEEN POSSIBLE WITHOUT YOU EITHER! WE JUST TOOK A BIG 1ST STEP TO BECOMING MILLIONAIRES! AND YES, WOULD LOVE TO SPEAK WITH YOU DEAN! I'M 18, 18 AND OWNING A HOME, THE 1ST OF MANY! WOULD LOVE TO MEET YOU ONE DAY AND BE ON A FUTURE COMMERCIAL. I AM JUST GOING TO KEEP ON PUSHING WITH JAN, MAYBE WHEN WE MAKE OUR FIRST 100K WE CAN MEET!
DEAN IS THE BEST!!!!!!!!!!!!!!!!!!!!!
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams
Bruce Springsteen
I just got Dean's book 3 days ago and I'm checking out his web site and came across your story. May that be the first of many for you. Good luck. Annie
Annie, thanks for the kind words. You just made one of the best investments of your life by buying Dean's books! Trust me.
Dean's Books = GOLD
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams
Bruce Springsteen
Wow, I just read your story Jan and Jeremy, that's great. I keep seeing people on this blog who have persevered and persisted achieve success. Thanks for sharing your journey to your first deal, it encourages those of us who are on our way.
Thank you Regina. It was people like Matt Larson and Rina on this site who's posts I followed, it amazed me that dreams do come true, and you can make your dreams and goals reality. If you take action anything can happen. Your future is in your hands, and you can have control over your financial future. Here is to financial freedom, me and Jan are one step closer to it, and so are you for joining this site!
Jeremy
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams
Bruce Springsteen
Thank you. Words of advise NEVER EVER GIVE UP. Dean is giving you the tools, now you just have to figure out how to use them. good Luck.....Jan
As always I love your energy Jeremy. It amazes me how you work your way up and stick to your belief. I am so so happy for your achievement so far. There is no other way to financial freedom than doing RE. GOOD LUCK and will talk to you soon.
Cheersss!!!
Viliame
I am reading through this thread and I just cannot stop smiling!
I am SO happy for you!
I am SO proud of you!
Once again, without even a Springsteen reference in sight this time, I knew this was your thread before I started to read - love the title!
Congratulations!
Angela
Jan,
Same goes out to you!
CONGRATULATIONS!
This is a really great, inspiring story of team work.
Angela
Congrats Jeremy and Jan,
I am really happy for you guys. Exciting isn't it?? You are on your way. Jeremy ,you know I was pulling for you.
good luck going forward. very cool guys!!
Richie.
p.s. Jeremy if you need anything you have my#.
Congratulation on your first deal! Yes, long distance relationship do work if you work hard at it, lol. Good job and now go out there and close on many more deals! My motto is "Faith without Work is Dead", and from the look of it, you took actions by driving upstate and looked at the property, made offer, and now you're about to be homeower at 18 years old. That's awesome!
Lloyd
Thank you guys so much for all of the support. You guys really encouraged me. Especially going to the group meeting a few weeks ago, it gave me that boost I needed. This was the 1st of many, and there is no stopping now! I know your deals will soon come too. Faith will be rewarded!
Jeremy
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams
Bruce Springsteen
I'm 16 and want to get into RE.
Great job and congratulations on your new deal. This is great news and I hope there will be many more deals to come. Sometimes that first deal will really get things going. It shows that determination, hard work, effort and following Dean's information and techniques does pay off. Way to go! Good luck on all your future deals! Believe and Achieve! - Joe
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very encouraging! thanks for sharing!
Everything comes to him who hustles while he waits.
Thomas A. Edison
Be not the slave of your own past. Plunge into the sublime seas, dive deep and swim far, so you shall come back with self-respect, with new power, with an advanced experience that shall explain and overlook the old.
Ralph Waldo Emerson
I am curious. I know you mentioned something about owner finance with this deal. Can you explain a little more in detail about how that financing works? When you say you will get your $12k back, I'm assuming you meant you will make it back in profit/equity? I am thoroughly impressed you got a deal done at 18! Well done my friend! I really like the idea of teaming up with another DG family member! Were you able to qualify for financing at your age?.. or was it Jan that was able to bring that resource to the table?
Everything comes to him who hustles while he waits.
Thomas A. Edison
Be not the slave of your own past. Plunge into the sublime seas, dive deep and swim far, so you shall come back with self-respect, with new power, with an advanced experience that shall explain and overlook the old.
Ralph Waldo Emerson
Great example of networking! Two heads are better than one.
Invest in yourself!
Man, Jeremy and I are starting to feel like we are at the Emmy awards!!!! I am even going to teach him how to mow lawns!! I've got to give him something to do!1
I just been accepted for a 4 unit building like my friend here. I'm excited. I'm looking for funding partners here that would want to join me or just work with me. It is a 8 bedroom and 4 baths. 2 beds and 1 bath in each one. Anybody help me at (804) 243 9721 Richard Miffin. Leave message or email me at road2bewealthy@****
"Work hard Play Harder"
We didn't need the financing because the seller will carry the mortgage back for us, but it was already there if needed. I always go into a battle with plenty of ammo...Jan
I got the book and now Im on the white one page 183!
~ Grace (If Donald Trump can do it YOU BETTER BELIEVE I CAN!!) btw I drew my display pic
you did it just right, congratulation in your firs deal, that's amazing, very good luck on everything guy's, I'm also working in my firs deal..... wish me luck. this website is the BEST. Javier N.
Congrats.. it's great to know you are making it happend. Everybody here should network with graziosis in their state- the faster the success. I am from PA and have been talking to Yuri-who's awesome. Next thing you know I will be making ton of money which I am lacking off. Like dean said yesterday determine your assets and mines is desperation-I AM making it, no matter the obstacles!!
>>>>NEVER give up, and know that the SKY is the LIMIT. We are OURSELVES worst enemy<<<
Yes, if it wasn't for this site we would've never teamed up and prob. would be back at square one. Thanks to Dean for making such and awesome site and making dreams reality!
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams
Bruce Springsteen
You're on your way to the top!!!! Keep up the good work!!!
Antoine Paden AKA antpad6466
Antoine Paden