I received the information on the house I eventually placed under a Purchase and Sale Agreement from a real estate agent who forwarded the listing information to me. It was a three bedroom two bath home located in Lacey Washington. The listing price was $139,000. The seller was an older gentleman who wanted to sell his last rental house. His health is not good and he wanted to leave shortly for his winter home in Arizona. The house was currently vacant. I negotiated the price down to $111,700 all cash at closing. It will require approximately $25,000 for rehab upgrade. The ARV is between $220,000 and $240,000. I sold my assignment to a partner representing his company who had inquired earlier about another property I had for sale. I switched him to this property. He and his company liked it and the transaction closed last Friday. The assignment fee I received was $17,000! I have two properties that I have under contract that I am entering into a partnership agreement with that same company.
Hello Max,
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
Wow! You are moving and shaking! Way to go making great things happen! You are a winner making connections! Thanks for sharing!
Hello Max,
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 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 Max,
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 Max,
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.