After reading Dean's book, Profit From Real Estate Right Now I was determined to make some money in real estate somehow, someway. Both my husband and I married each other having horrible credit. Mine went from immaculate to horrific because of a messy divorce and my husband's went bad because of a long term family illness.
I had no idea how to make a deal happen. Because of the birth of our son, we just happened to get a larger than normal tax refund. Normally, we would have just spent the whole thing on daily necessities until nothing was left. I was determined to hang on to it for as long as we could. Believe it or not, we ran into someone who needed a car really badly and wanted to trade their land for a car. They were going around to various used car lots trying to get someone to help them. It just so happened that my husband had some contacts in the car industry and was able to buy a nice used car wholesale using our tax refund and trade it for 8 acres of land.
A lot of other people had turned the guy down, but we were determined to keep an open mind and to see what we could do. Dean teaches you that nothing is impossible and to disregard those around you who spew nothing but negativity. We had plenty of that around us, so decided not to even mention the deal to anyone we knew until it was over and done with.
Long story short, now we have 8 acres of land that we value at somewhere near $20k outright in today's market. Our investment was somewhere close to $4k. I don't claim to be any type of real estate pro, we're still learning. Now we're trying to find the best way to optimize our profits from the land. We're considering splitting the land and owner financing. We may even hold onto some of it and put a house on a lot or two to resale.
We still have a long ways to go, but I know that this all would have never happened without my having read Dean's book.