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!
Since July I have read the book twice and probably spend about 4 hrs a day doing my homework. In July I put in an offer on a foreclosure. I didn't get that property but.... I have been hard at it since.
Next weekend I will be at an absolute auction to buy a $300,000 home, I hope for around %50 of value. This home is currently rented for $1500/mo with tenants that want to stay another year until they build. I have 2 and possibly a 3rd contract for deed properties lined up to lock up.
Dad is my financier, he believes in me. I am so thankful for that. The plan is to buy the home at auction and refi, pull out equity and move on quickly to almost half a dozen other projects.
Oh yeah, and I live in a town of only 7 - 8,000 people!
Best of luck DG peeps, will let you know the results soon!