Brian and Lynette,
I want to thank you both for your support and mentorship as I have finally gotten my first deal under contract! Reading the Ron LeGrand material and listening to the live lectures are one thing, but having you as mentors available to answer questions and guide me along the path to success has been key to empowering me to get this far!
Here are the particulars of this deal; it is a text book example of the pretty house model!
Sales price is $204,000, comps are showing this house worth $225,000 and I plan on selling for $229,000.
So, I plan on making at least $25,000 instant profit and then cash flowing at least $200/month, and I have 7 years to resolve this balloon.
I signed the contract today; Feb. 1st and I don’t make my first payment until May 1st. The seller is in the house until the 12th of February and I plan on closing the deal as soon as she is out even if I don’t have someone to put in it, it is just too good of a deal to not close. So even if I take until the end of February to close I have two full months before my first payment!
There are so many tips/techniques I learned from you guys and Ron that helped this deal come together such as: “Stop talking when something is locked in” and “Answer questions with questions,” as well as many others such as be nice and build rapport!
I want to thank you again and I look forward to finding a Lease/Option buyer for this home and doing many more deals in the future!
Very Sincerely,
Leslie Smith
Congratulations! It looks as if you are well on your way to a great deal! Please keep us updated on your progress and how this deal turned out. Thanks for sharing!
Hello Leslie, thanks for the informative success story and the posting. I’m glad to read that Dixie was there to help and guide you. Good job on the deal you made, and the $25,000 profit. Never give up and keep on investing, moving forward and make us all proud of you. Take care.