Wow, what a year, I never wud have thought I wud do 10 deals and I wud make over 40K Forty frikin thousand dollars sittin on my butt buying and selling houses that I never seen and never took title to, and also to have a couple of rentals bringing me a serious cash flow every month. All from reading some books and putting in a little effort. And the crazy part is, I spent last winter on the island with my family, all paid for from one of the houses I sold.
Yesterday 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.
Just had to share..Before I left on vacation I did all the paperwork necessary to sell two and buy one, and they all went off without a hitch while I'm relaxing on the beach in Mexico with friends! How cool is that?! While I havent done nearly as many deals as Deans top students since starting in 08, the ones I have done have gotten me doing this full time and financially independent. Its been alot of hard work and lots of dedication, but keep your eyes on the prize, keep hurdling over all the challenges and you can achieve your goals too!
I have been very skeptical of using deans techniques in my area. First of all i have no money or no credit and i dont like lying to sellers and agents about funds i dont have. Im a ethical person and honesty is important. Buyers list i think are a dud. Ghost ads are a farce and **** people off. I talked with a successful real estate agent whos been in the business for 33 years and is still successful and he said u cant belive any of junk about late nite infomercials on real estate investing. Most of it is a hoax and those gurus never invested and only are trying to sell a book. Why are they just on at nite cuzz thats when all of the simple minded people are up who get brainwashed by get rich quick programs.
On Friday I closed on one of my rent to own properties. 20 months ago I bought a house and put a tenant buyer in it (the same day) have been collecting rent and cash flowing $295/mo. She worked on her credit and on September 21st she bought the property. A little over 18k was wired to my bank account! She was very appreciative of the opportunity and I was happy with the result! It was definitely a win/win.
I am going to miss the monthly rent check though....
Since I am pretty active on this site, i get a lot of PMs. I feel very honored that people will approach me and say things that they don't dare say in the open forums. And I reply with what my heart says and not what is necessarily considered "politically correct". (Of course, those of you who have been here for a while are not surprised at that! It has gotten me in trouble a few times!)
Yes, a lot of people were disappointed over the fact that joining the IE was just not feasible for them right now. I am one of those people that just did not feel that I could budget it at this time.
One of the PMs I received said to me, " They are always asking for money for stuff here, I can barely get by now. I think Dean has just gotten so rich that he has forgotten where he came from."