Well I am getting closer to my first real deal. I have been a fan of REI for years and never had all the puzzle pieces to make sense of everything. I for some reason really started looking at REI in January of this year. In July I saw Dean on TV. He is the most genuine guy I have seen promoting any information or product. Through all my action I actually became a property manager for a couple who moved out of state and have a huge list of potential renters looking for housing in my area, awesome!
Last week one of my offers was accepted !! I am so happy ! I want to thank Dean and his team , as well as everyone on this site .. This stuff DOES WORK !! You just have to be persistent and flexible ..
The home I will be buying is a short sale -- 3beds, 2 bath with a half acre lot .. The property needs basically 6k to 8k worth of rehab and then I can resell it making around 25k profit .. Not bad for a beginner ..
Hi Everyone in the DG family!!!
Just wanted to share a few recent events... but first just a brief on my background...
Many of you know that I have been only assigning properties since I got Dean's book a year ago. Though I have been doing well assigning properties and bringing in up to $5,000 a month. I have decided I want more!
I just signed the contracts for my first Investment property. It is a small 2 bedroom that I negotiated to 45,000, needs 10,000 rehab and I can resell the property for $110,000. That's a $55,000 profit before closing costs etc.... I will get a hard money loan to flip the property.
2 years ago we bought this little 800sqft house 2 bedroom on a corner lot with a nice sized yard. We paid 56k for it with private money. We aquired it with marketing the neighbor hood with post cards. Our plan was to rent it out and take the cash flow which was about 150.00 a month. not bad.... Well that little house became vacant in August. We put up out for rent signs, ran ads in the local papers to re rent it. when showing it a young couples approached us to buy the little house. We said sure.90k...
I want to share my experience with everyone especially those people who may be a bit skeptical or maybe those who are not confident that they can succeed using Dean's strategies. It has not been easy, but I just got the paperwork for my 1st accepted offer!! I'm buying a bank owned property with absolutely none of my own money or credit. That's a good thing because I've been unemployed for the past 9 months so I have no money and my credit is fair at best. I have another offer that I expect will be accepted in the next day or two in addition to about 15 other open offers. How??