Hi Lynette and Brian!
I just wanted to send you the numbers on our very FIRST deal!! It’s a property that already had a tenant in it, so we will be receiving $244 cash flow each month. The tenants that are in there now are interested in doing a Rent to Own down the road, not with this property, but with another one. So, hopefully we can get them into a new property soon. We’ll then put a Rent to Own buyer into this property and negotiate new terms that will include more monthly cash flow for us, as well as a down payment!
We bought it for $115,000 and $77,000 equity. The monthly payments are $356/month plus $220 condo fees and $150 taxes. The rent we collect is $970, which leaves us with $244 monthly cash flow!
We wouldn’t have been able to get this done without the mentorship program. Having the weekly calls with Lynette has kept us on track and helps to keep us motivated. It’s also really great that we have unlimited emails with very quick response time. There is so much to learn and so many questions we’ve come across and it would have made things much more difficult if we had nobody to help us along. So thanks Lynette and Brian for all your guidance! We’re looking forward to getting our next deal done soon!!
Kimberly Clark and Walter Weinreich
great start
Hello Kimberly & Walter,
Congratulations and good job on the decision to join Ron LeGrand! I am proud of you and your efforts. Glad to see that you made a good choice, are becoming a successful real estate investor as well as making money. 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
Hello again Kimberly & Walter,
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 successful real estate investors. 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 Kimberly & Walter,
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.