Ron,
Just letting you know I made my 1st deal. I finally got the guts to pull the trigger. The deal was a wholesale deal that actually was purchased by a desperate couple who needed housing of any kind. This house wasn’t too ugly, but needed some work on it.
They agreed to the $20,000 price tag without a quibble and handed me $1,000 down (in cash) immediately. What was I to do, but take it.
Here’s how it went down.
I bought the property for $5,000. He was asking $15,000. I tied it up for 30 days with $10. I had to extend the close date for another month (no deposit was necessary).
The day after renewing, my couple answered my Handy Man Special ad. We met that afternoon, and they handed me the down payment and a land contract for $20,000. I went to the owner of the property who had agreed to take $5,000 cash for the property and renegotiated for a $500 down and 2 yrs. to pay the deal at 5% interest and $197.42 a month.
I had obtained from the buyers a $19,000 sandwich land contract for $454.98 a month giving me a $257.56 a month spread, enabling me to pay off my mortgage in one year (if I choose) and have a monthly income for 3 yrs. of $454.98 (unless they pay it off early), which I would delight in.
My net profit is $17,122.00. It takes me all year to make that at my age of 66 years.
I’ve spent about $6,000.00 and 5 yrs. getting to this point in investing. It’s difficult to say the least when you’re only bringing in enough to get by. This deal was enough to pay for all the training material I bought plus the lost adv.,title, ckg., gas dollars and time spent learning the ropes.
I made a lot of mistakes and have asked forgiveness several times from professionals in their fields. I learned a lot from this first deal and will be better prepared for the next. I may be slow but, I am tenacious. I felt like giving up several times, but kept thinking, I have no retirement funds, and the old body is wearing out, so physical labor is no longer an option for me.
Besides, the thrill I got from doing this deal makes me feel alive again. Thanks Ron, and forgive me for ever doubting you.
Andree Zanders
Way to fight Andrew! Your story is truly an inspiration!
congrats, this is a great story
Andree, You’re an inspiration to all of us, especially those of us who are trying to “pull the trigger” on that first deal! Thanks for sharing your story.
Alan
congrats…this helps me to make the decision to pull the trigger. i’m happy for you, and look forward to hearing about the next deal.
That’s great. Talk about hanging in there with that determination. Good to see at 66 years young (by the way I just turned 60) you were able to get that first deal. Congratulations. Very encouraging. Thanks
As I read this story I think of all the people I see around me who are your age and older. So many of them feel trapped and instead of trying to change their lives I overhear them quoting the media and the government talking heads about how they are doomed and stuck. Congratulations to you and to the “new” future you are creating! Maybe you will inspire others who feel they have no options to follow your lead.
Congratulations Andree! Great job! Keep it up!
congrats!
Good job, girl! It’s great to see that you stuck with it, overcame your fears and implemented what you had learned. Hope to hear more from you in the future.
Great Job!!! Keep up the good work.
Good job!
Yea, great job 🙂
Reviewing testimonials again for nuggets of wisdom… I need to get out and take ACTION!
Andree,
Thanks for the story. It’s just what I need to get me to “pull the trigger”.
LIkike this part a lot.
They agreed to the $20,000 price tag without a quibble and handed me $1,000 down (in cash) immediately. What was I to do, but take it.
Awesome success story! These are what boost confidence in people who are about to quite the real estate investing business. Way to go Andrew!
Just Awesome! I’m a newby, gearing up for that 1st deal. This testimony is just that…no excuses left!
Awesome story, no excuses now.
Amazing Andrew I salute you!
Great story…I so enjoyed that!
Inspiring. Great way to stick to it
Hello Andree,
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
Hello again Andree,
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
How many other deals have you done since this one? We would all like to know. Please post more of them so we can read about your success.