Hey DGers I want to share with you these 2 deals that Ive completed in about a week ago that made me some easy money but also taught me some valuable lessons just in time before 2014 is over. Well these 2 deals that I'm talking about came from a seller who called from my bandit signs that I put all over my city. He initially called me in July 5 1/2 months ago and told me he had 3 properties to sell. I went to see the properties 2 months later after he called due to his busy schedule. I then only saw potential on 2 of the 3 properties to make some money on. I asked him if he was open to holding the note on one of the properties since it was owned free and clear, then i asked if he will be willing to do a lease option on the 2nd property since he still had a low mortgage on it.
December has been so busy for us and We love it.
We just completed our third deal in Decemember it's a lease-option we collected $8000 cash!
Deal number two is a fix and flip property fair market ARV is 145 were purchasing the property for $61,000 it needs $20,000 in rehab this will be a good deal. 100 % financing nothing up front. This is a profit split in the end.
Deal Number 1 is a fix and flip. We purchased it for $65,100 it needs $25,000 in repair, ARV 145,000.0.0 Should be a great profit margin on this one. .Private money,creative financing got this deal done.
December has been a BANG of a month! I just love this business.
We are seeing more activity than usually for this time of the year, lots of sales and Market values are up 3% overall.
After spending 5 days at Tony Robbins event last week Dean came home with an energy that he hasn’t felt in a while. But he also came home asking himself so many questions because Tony just had Dean’s head spinning all week.
And Tony got Dean thinking so much about the “layers” of negativity and excuses in his life that he really needed to push down, and guess what… you have the same exact layers you need to push down.
in this Weekly Wisdom Dean wants to show you how...
BAMN! Just this morning tried to double close but couldn't get it. Got it under contract for $6,500 and took the assignment. It's crazy how the Milwaukee market is picking up!
Merry Xmas Guys!
Lately, I've gotten my eleven year old daughter involved in some of my real estate tasks. One of these task consisted on locating distressed homes or homes that appeared to be in distress. About a month ago she spotted a home while coming home on her bus route. We drove by that evening, got the address and sent the owner a letter. The home had been vacant for a while, the owner passed and left to the son. The son was moving to Florida, but hadn't been able to afford the upkeep and decided not to list due to its condition. The ARV on this home was around $132k, no mortgage but there were some liens and back taxes totaling $9800. Needs around $20k in repairs, we agreed on a price of $61,950. Ive sent to buyers, shown one and will be showing to two buyers tomorrow.
Understanding the benefits of working with Lease Options can "Optimize" your Real Estate business A Lease Option combines the pros and cons of both owning your own home and renting. An attractive strategy to renters who may not otherwise qualify through traditional lending.
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