OfflineI had a pretty good December. I closed on about 2 million dollars worth of real estate. January is also looking pretty good. I have 2 closings next week and I locked up an additional 4 deals on Friday. One is an assignment of contract ($75,000 profit), one is a flip ($15,000 profit-90% chance I already have a buyer), one is a buy and hold (I already have a renter) and one is a potential flip, assignment, or buy and hold (I haven't decided yet). All this in addition to a flip I have closing on January 23rd ($20,000 profit) and 2 other rehabs that were finished last week-both of which are rentals-one already rented in 2 days for a $400 per month cashflow and $40,000 in equity. Plus I am still rehabing the "mansion" I am moving in to. I paid $164,500 for it. I am putting $25,000 into rehab and the current value is over $400,000. It is 5000 square feet, inground pool, separate pool house with bathroom and shower, wooded lot, 4 bathrooms, 4 bedrooms-it's the ultimate bachelor pad!
My point to all of this? I started a little over 3 years ago in real estate, living in a small apartment, with no money and no experiance and everyone around me telling me I would fail or telling me I would never make any money. I just kept going...no matter what happened...I feel like a warrior because I had a lot of battles along the way, some I lost and most I won...but I never gave up even when I probably should have. I had a dream of early retirement that I wanted so badly I could taste it.
I never saw all of this coming. I never saw the multi-million dollar real estate deals, I never saw millionaires calling me and asking me to partner with them, I never realized the potential of real estate. I never saw doing 50 deals in 3 years. I just had a dream that I chased every single day and success started to creep up on me. Go out there and get started, throw out the bow lines, and push away from the harbor. Your ship is safe in the harbor, but it wasn't made for the harbor. A good sailor is never made on calm seas-GET OUT ON THE WAVES!!!
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
Not smart? I think you're the greatest!
Your posts give me the drive I need to keep at it! Sometimes I feel like I'm beating my head against the wall, and like you said...I come here and get a renewed blast of "GO GET 'EM!!" just from reading about your sucess! I love to read about how EVERYONE is jumping in with both feet and making their dreams a reality. One day soon (I hope) I will be posting right along with the rest of the DG family about MY sucess! (instead of the one that got away) Keep posting and enjoy the new "bachelor pad"! 
Sissy...sorry to hear about your nephew, you have my prayers as well.
Dawn
Life's a Dance you learn as you go...GET HAPPY FEET!
"Most of the important things in the world have been accomplished by people who have kept on trying when there seemed no hope at all." ~Dale Carnegie
hi
i cried when i read your message this morning. i was exhausted by 9pm and fought to stay up to do some action items from my coaching lessons but instead i did some God and passed out. Boy did i need a boost and i got it when i read your post. thank you. also to everyone i want to say that we could not feel the greatness of cbr's spirit if we did not have it in us too.
god's love unto you.
cynthia
we will be praying for your little one, too.
Rina
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
Thank you!
I am so glad that your realtor asked for the day off.
Her loss, my gain.
Angela
(judging from the next sentence)
It is really hard to find houses (for example) that appraise at $100,000 and buy them for $35,000...then resell to my investors at $50,000. I hope that makes more sense.
What condition are these properties in?? Your investors should really only need 50% of FMV if they are pretty rough.
(judging from the next sentence)
It is really hard to find houses (for example) that appraise at $100,000 and buy them for $35,000...then resell to my investors at $50,000. I hope that makes more sense.
What condition are these properties in?? Your investors should really only need 50% of FMV if they are pretty rough.
The houses are fair to rough. Some of them only need cosmetics. But they will only buy at 50% because they say they have so many deals that they are already rehabbing and they themselfs can find good deals all day long...and they do.
So I really have to work hard to find a deal for a few of them. These are the consistant buyers I am talking about. They buy all the time and own a construction company. But are always calling me weekly to see what I have for them...but the price has to be 50% off appraised.
"THE ARCHITECT OF YOUR DESTINY IS YOURSELF"
"SUCCESS WALKS HAND IN HAND WITH FAILURE"
You can knock me down and hurt me real bad but, I will still get back up--everytime! Never Quit! --- Literally, you got me into tears from reading this part.
I am just starting, or planning to take actions after reading Dean's books and courses. No money at all, big debt on credit cards from remodeling the last REO house, can't get refinanced, new bills coming every week, just found only $7 left in my bank account!!! Feel at the every bottom of my life. It is so encouraging to read your post.
Just wonder if anyone can help with some questions I have in order to move forward with real estate investing:
1. It seems like assignment of contract is a good choice for my current situation, any better ideas?
2. I can't get pre-qualify letter because I don't have W2 to show enough income, I have small business which is not having any income yet, so I can't pay myself salary. Do I have to get hard-money loan to be able to get a offer accepted in the first place with seller? But heard I have to put in my own 40% first. If without my own money, how can I get my purchase agreement?
Thanks.
Hello Winny,
Take a deep breath, things are tough for you, this is when you will excel the most in your life, because you have to.
Remember though, breathing should always come first!
Go to the top of the left panel on this site.
You will see a box (Search / Enter) put in the following words:
Funding Source: Details on Costal
This will take you to a thread with some information that might be just what you are looking for.
If it is not what you need, search the real estate forums and read the wealth of information that has been posted on this site by some incredible people. You will not regret a moment of time spent here. I promise you.
Good Luck, rooting for you, keep us updated on your progress
Angela
You're so encouraging and helpful. I will check the info you suggested and I DO FIND there are many incredible and helpful people here, while my own husband constantly picks on the possible problems that might happen to my ideas to move forward with real estate investing, in stead of "let's figure out how to make it work".
I will post my progress as I go. Thanks.
Thanks for the kuddos, but I don't deserve them yet. But don't worry, I will....Jan
I'm guessing by your personality that you will say, no..you are energized with your success.
Congratulations and thank you for sharing your story (and answering my questions).
You have obviously worked many many tireless hours in a relentless pursuit of your vision. (It is easy to forget that when we compare ourselves to others which is why we never should).
Enjoy that bachelor pad and take some time for a little R&R!
Looking forward to more of your inspiration and sharing.
"Whether you think you can or can't, you are probably right" Henry Ford
I have found that to be true in my life every since I have started to apply myself as if already. Glad to see that I am not alone in my thinking. Your energy is so positive.
Tracie
You never cease to amaze me Matt. I enjoy reading your posts.They keep me focussed on the prize.Enjoy your home ,you worked hard and deserve everything you have.
Richie.
I am very inspired by your Post.
Matt you are my hero! Braveheart was on last night, and all I saw was CyberPower. I am constantly reminded of what you wrote, "See it and Believe it." I am truly Amazed what a great Teacher you are.
THANKS
Lily from L.A.
Love it Matt, you have really taken it to the next level. Keep it up my freind.
I took it that she got it wrong.....she should have wrote that she is having to find them at 65% below or 45K to sell to the investor for $50K making $5K.....I believe that is what she is saying.
BUILD your knowledge base....it is your ARSENAL to wage war against disbelief and the negativity of the status quo. You need your weapons......It's your choice whether you carry them or not.
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Build Relationships and open the door to opportunities that could once only be dreamed of......never take those relationships for granted.
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Don't let EXCUSES be the nails that keep you INSIDE the box.
Hey CBR,
I am new in this group.But all I can say if you set up your mind, you can do everything that you can imagine. I am a dream followers and one day, I will reach one of my dreams. But reading your success story makes me feel like, I am really close to one of my dreams.It`s FREEDOM.
Congrats on a great wrap up of 08 and I hope 09 will be an even better year yet! Your work is truly inspirational for all of us - thanks!
Vic
Fake it 'til ya make it!
Is a great Motivator for the ones struggling to see the light at the end of the tunnel out there and will be able to see it can be done!
Matt way to go on your successes you deserve every bit of it!
Way to go! Wish you all the best of luck and much success in 2011!!!
You gain strength, courage, and confidence by every experience in which you stop and look fear in the face. Do things you think you cannot do. Tough times never last, but tough people do.
See Where The Journey Never Ends At: http://www.deangraziosi.com/real-estate-forums/investing-journals/69250/...
Chase Brooks
www.brooks-investments.com
And just to add I definitely had to bookmark this one! So maybe more of you can do the same.......if you haven't already!
You gain strength, courage, and confidence by every experience in which you stop and look fear in the face. Do things you think you cannot do. Tough times never last, but tough people do.
See Where The Journey Never Ends At: http://www.deangraziosi.com/real-estate-forums/investing-journals/69250/...
Chase Brooks
www.brooks-investments.com