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Owned by Dwayne

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6 contributions to Visionary Income 📈
$15k from a Dead Deal 💸
This check is from a deal I closed yesterday. What makes it interesting is that this deal had died over a year ago (or so it seemed) Back in 2024, I had this property under contract and was lined up to make a $36k assignment fee. On the actual day of closing, the seller backed out. Instead of getting emotional or walking away, I did something some people don’t think about… I protected my position. I filed a memorandum (clouded the title), which meant that whenever the owner decided to move forward in the future, I would be part of that conversation. Fast forward one year later ⏩ The seller reached back out. They offered me $10k to release the cloud. I countered at $20k. We settled at $15k. Here are the biggest lessons I learned from this deal: 💡 Lesson #1: Double Closing Matters • In certain situations, double closing is the better play • Had we double closed originally, the $36k spread would not have been visible to the seller or end buyer • Less transparency = fewer emotional decisions = smoother closings 💡 Lesson #2: Due Diligence Is Non-Negotiable This deal fell apart because of back taxes that weren’t fully understood upfront. • Taxes appeared paid, but they were actually paid by a tax lien investor, not the seller • Those taxes still needed to be redeemed before closing • The seller purchased the property via quit claim deed, not a warranty deed—meaning the back taxes were already attached when she bought it (and she didn’t know) If we had uncovered this earlier, expectations would’ve been set properly and the deal likely would’ve closed the first time. 💡 Lesson #3: Know Your Legal Rights • Filing a memorandum / clouding title protects you when you are not in breach of contract • If a seller backs out without cause, you may legally cloud the title for a small fee • This ensures that when the property sells, you’re not cut out of the deal This post isn’t to flex. It’s to show what’s possible when you: • Stay patient • Understand the paperwork
$15k from a Dead Deal 💸
1 like • Jan 2
That's the way start the New Year.
Weekly Calls - Active
Weekly calls will be moved to every Sunday at 6PM CST moving forward See ya'll there!
0 likes • Nov '25
Are we on tonight?
Suggestion for SMS campains
Hi, I am new in the realtor market and i want to know about which type of sms I should send to property owners to get their positive responses. I think, asking for a direct cash offer will not be work 100%. As you experts have solid experiences in this type of companies, so that's why I am looking for some valuable suggestions.
Leveraging Realtors - Investor makes $1M+
https://youtu.be/iw6sq1ovChA?si=74AZCCPo-_VTgCn9 This investor made $1M+ off this strategy. I think it’d be smart to implement on our end as well. We could set up a department that deals with agents and / or on-market leads
1 like • Jul '25
Man, that was some good information.
1-6 of 6
Dwayne Thompson
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15points to level up
@dwayne-thompson-9495
Want to win at this game of life.

Active 2d ago
Joined Jul 30, 2025
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