Greetings!
David Jenkins here sharing my experiences/results with my mentor: Real Estate Steve S.
In short: LIFE CHANGING! The best investment I could have made in myself at the time!
Accountability. Nuggets of wisdom. Sharing of resources. Feedback. Counsel. Plus countless others benefits to mention.
I attended virtual event early 2021 and signed up for a mentor in Feb. Here are the results:
Deal 1: Subject-To 4/3 Square Foot home at 255 Cassady Lane in Crestview FL. Acquired sub-to: $248 0377k cash seller and closing costs $1632/month. Exit: Lease with Option to Purchase.$30,000 Non-Refundable Deposit. Tenant Buyer only had $20,000 at time, so I ALMOST LEFT $10,000 on the table. However, Thanks to Steve, I got 20k cash (10k cash and 10k Certified Check) at lease signing, plus a Promissory Note of 5k due at 30 and 90 days + rent!
$2500/month rent. $800 monthly cash-flow Option Price: $300k ($50,000+ backend)
Deal 2: 3-year renewable Lease Option on Beach property! No Money down. First 2 months rent reduced to $50! Then $2500/month. This property was at 1190 Thompson Rd in Santa Rosa Beach, FL. Exit Strategy: Short-term/Vacation Rental property in Santa Rosa Beach! Market comps $3,000-$5,000/WEEK!!
Bonus: Seller agreed to pay for Landscaping improvements!
Deal 3: Cashed out previous Rental at Full Retail. $195,000 PROFIT.
Additionally, my confidence as a Real Estate Investor has grown exponentially since working with you. Thank you for your time, wisdom and friendship. Wishing you and your Family continued Success, Health and Happiness!
Regards,
David
Thank you for the inspiration, David!
Great Job David.
Hello David,
Wow! What a go-getter you are! I am so very proud of you and what you have done. I like deal #3 the best. I am so jealous that I your story really motivates me to keep at it and to move forward. I hope one day we can meet and I can shake your hand! Keep up the good work.
Bye for now,
Robert
Great job and congrats! We are right behind you! What a blessing!
Hello David, thanks for the informative success story and the posting. It was very inspiring and well worth reading. Great deals you pulled off. Those are some real nice homes you have under you and I hope you made some good money. Keep on investing, moving forward and make us all proud of you. Take care.