11h • General Discussion
Sharing Some Success: My First Deal…..
LET THIS BE SOME MOTIVATION AT WORK……
I just wanted to share with everyone this particular deal because I think it would provide some hope, focus and determination to keep pushing to get your first deal. I like sharing the story about this one because it really showed my care to take action and work the steps that were needed to complete the entire deal.
This was my first time going after a deal where I had no resources or tools. I did everything by word of mouth and using free resources like propwire. And keep in mind doing it for free with $0.00 down took about 6 months to my FIRST DEAL.
On this particular deal I was working with a partner who agreed to help find a buyer if I found the opportunity. And it was a tax delinquency property from a tired landlord who owed the lender about $20,000. This deal was delayed about a few days before closing because no one could find the lender. After careful research and searching through county records for the deed documents, I was able to find the lender name and company and skipped traced his information tied to the property. After calling 20 different numbers associated to him and leaving a voicemail on almost every number he called me back and we was able to close the deal and settle the debt for $5,000.
Amazing job by my partner for finding the buyer and an even bigger thumbs up 👍 for myself for taking action when everyone else had no clue what to do about finding the lender. I was happy to negotiate the debt with the lender and offer the seller a bigger pay out.
Let this be the reminder you need that your FIRST DEAL is not that far away and is closer than you think……all you need to do is TAKE ACTION. The best $3500 dollars I ever made.
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Sharing Some Success: My First Deal…..
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