Should I get a Mentor?
I attended Quick Start with Ron last September. Best decision I ever made!!
Should I get a Mentor?
Well I thought about this for about a minute and decided that ONE deal over the next 6 months would pay for it. So I signed on. Next best decision I ever made!!!
Since signing up with a mentor I have gotten TWO deals, both with ZERO down.
None of my own money and no credit needed,
One is a contract for deed and one purchased “Subject to…”
Both properties have renters until spring and both currently cash flow!!!
I plan to Lease Purchase both properties in the spring.
Here are the numbers on my first deal.
I purchased the property for $165,00, Taking over the loan payments and paying seller $15,000 at the back end.
| PROPERTY #1. INFO: | EXIT PLAN | RESULT | |||||
|---|---|---|---|---|---|---|---|
| Purchase | $165,000 | ARV | $230,000 | ||||
| LOAN | $150,000 | DEPOSIT | $10,000 | CASH NOW | $10,000 | ||
| PAYMENT | $1,3000 PITI | PAYMENT | $16,000 | CASH FLOW | $3,600/ Year | ||
| CASH LATER | $55,000 | ||||||
Turned out it was a no brainer…having a mentor has been an awesome and profitable decision.
Thanks to my Mentor, Todd Foster, I was able to structure the deals well at the front end and I was able to navigate the paperwork to get to the end of the deal with ease.
And of course, thank you Ron LeGrand.
Dec Barry
congratulations
Hello Dec,
Congratulations and good job on the deal! I am proud of you and your efforts. Glad to read that you made some good money and are becoming a successful real estate investor. I am new to Planet Ron, and am working on my first deal. One day I too will be able to post a success story like yours. Take care, keep up the good work, and keep on investing.
Bye for now,
Robert
This is a true testimony of the power of a mentor! It is so much easier when you are not doing it alone! Thanks for sharing your story and experience!
Hello again Dec,
Congratulations and good job on the real estate deal! I am proud of you and your efforts. Glad to read that you made some good investing decisions and are becoming a successful real estate investor. I am new to Planet Ron, and am still working on my first deal. One day I too will be able to post a success story like yours. Take care, keep up the good work, and keep on investing.
Bye for now,
Robert
Oh by the way Dec,
How many other deals have you done since this one? It would be interesting to find out what other deals you have so we can all learn from you experience and perhaps use that knowledge to help ourselves make us successful. Thank you and take care.
Hello Dec,
I am working on a deal right now and hope you are reading this comment so as to replying and giving me some words of encouragement, advice, and support. I sure could use it so that I too can be a successful investor! Maybe I’ll hear from you soon? Take care.