Well it's been 10 months since I picked up the first words from Dean Graziosi and it's been very fun and exciting, sometimes frustrating but an overall great experience so far! I am looking to take my REI as far as my potential will allow me to, and I have no end in sight.
Today after months of research, education, driving, 100's of phone calls and having made several offers on over a dozen properties this is where I stand:
1) I manage a rental property for a couple who moved out of state and neeed a manager - got the job through a real estate agent as a contact to the owners. This pays me $65/mo to keep an eye on the place and follow up with tenants.
2) Today I closed on a triplex in my hometown which will cash flow around $600/mo. This is a lease option, I borrowed 5000 to put down (to be taken seriously) and make only the mortgage payment for the couple on a 2 year option. And as it worked out I actually got $700 back at the closing table today!!! **Multi-units are the way to go if you ask me**
3) I have two other projects that I am working on at the moment, both are in different states (Colorado and Wyoming), so that would be a total of three states (Colorado, Wyoming and Kansas) I would be doing business in by the end of the summer! Not too bad I don't think.
4) I have teamed up with another investor who recently moved to my area from the great state of Arizona and we are planning several projects over the summer as well.
Bottom line is that I am excited and my company has been for months making me money and today my cash flow just got a good jump start with the closing on the triplex. I will be cash flowing about $700/mo for my corporation at the end of the monthly cycle. This is great and I love it! A big thanks to Dean and staff who have filled in the missing pieces for me and made this my future! Couldn't have done this without you.
Thank you all,