Deal #1 Completed...Finally!!

Deal #1 Completed...Finally!!

Today was the big day that I did my first assignment. I had a seller contact me about selling her property, I went and looked at it, locked the property up for 5K. I marketed the house, found a buyer that wanted it, assigned it to him for 6K. Sounds simple right?? Wrong...here's a little twist on the story. The seller bought the house on contract. The seller never recorded the deed, and had lost the abstract. The house had been set to close 3 different times but something new would pop up that would prevent us from closing. So, we ordered a new abstract that the seller would have to pay for (500.00 mistake for her), then we had to record the deed that she never recorded...(42.00) for her as well. And she had some back taxes that she had to take care of...(350.00) loss for her too. But at the end of the day, I walked out with my check in hand!! Smiling

It took awhile to get to closing, but when we did, it was a (literally) 10 minute deal.

All in all, I spent a total of around 6 hours on this property.

If I can do it....you can do it.

Destrie

__________________

Destrie

Failure Is Not An Option


Destrie

Congrats on your frist deal the first one is always the hardest to everyone.


Congrats

One good lesson on this case is one should pay attention to Small Details. Hope i could close a deal myself before the end of the year. Congratulations.

By the way, What do you mean by the term "Abstract"? Thanks

__________________

Everytime you repeat the words "I CAN DO IT" with conviction, you cancel or override your fear and increase your confidence. By repeating this affirmation over and over, you can eventually build your courage and confidence to the point where you are unafraid. -Brian Tracy-


lrababao...

The abstract is a booklet of all the transactions on that certain property. By looking at the abstract, you can tell who bought the house, how they bought the house, and any other problems that can be attached to the house. It's basically a summary of the house since it was erected.

Destrie

__________________

Destrie

Failure Is Not An Option


THANKS DESTRIE

Thank you Destrie. Where do you get this abstract? Is it really necessary to support the deal with this? I think i'm missing one very important point in my transaction right now, I never made a deal yet but I guess I should consider this lesson.

Thanks a lot. LA

__________________

Everytime you repeat the words "I CAN DO IT" with conviction, you cancel or override your fear and increase your confidence. By repeating this affirmation over and over, you can eventually build your courage and confidence to the point where you are unafraid. -Brian Tracy-


In Iowa....

in Iowa it is. I guess a person can't sell the house without an abstract, and they will update the abstract with each and every owner. It was definately a lesson learned with me...

Destrie

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Destrie

Failure Is Not An Option


Thanks

Thanks Destrie for giving me a heads up. I'll make this as my Homework to find out whether this is required here in Maryland.

Best of luck always in your REI.

LA.

__________________

Everytime you repeat the words "I CAN DO IT" with conviction, you cancel or override your fear and increase your confidence. By repeating this affirmation over and over, you can eventually build your courage and confidence to the point where you are unafraid. -Brian Tracy-


Destrie,

CONGRATULATIONS! You did it! Anytime you can walk away with a check in hand is a good day, and I know from reading your posts that you needed a good day, so congrats again.

Cathy

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Cathy B

Follow my progress at:
http://www.deangraziosi.com/real-estate-forums/investing-journals/44397/...


Destrie...

THAT'S AWESOME GIRL!!! Jawdropping! Smiling Laughing out loud Now you REALLY have a reason for giving thanks next Thursday! Smiling I just got home from work and your story is the first one I'm reading today. I am overjoyed Shocked Smiling for you and your family! Smiling Smiling
It's also great encouragement for those of us in the DG family who haven't turned our first deal yet. Smiling
Thank you for sharing it!
Jeff

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* * * * * -> -> Smiling <- <- * * * * *
TODAY is God's gift to me. Smiling
What I do with it is my gift to God.

Yesterday is a cancelled check.
Tomorrow is a promissory note.
TODAY is CASH-IN-HAND. How am I going to invest it?

Smiling Live Life. Love Life. Live Love! Smiling


destrie,

Congratulations on completing your first deal! Each day you will learn even more and have the ability to locate and close on even more deals. Sometimes the knowledge you may gain from the first few deals are worth even more than the money you may make from the deal itself. Keep up the good work and thanks for sharing your successful deal with all of us. Good luck on all your future real estate deals. Believe and Achieve! Smiling - Joe

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Congrats!!

Way to go on your first deal! Reading your story makes me want to do more and more. I have yet to complete my first deal yet, but I'm FINALLY doing the things that will move me in that direction. I want to have the BEST Christmas my family has ever had and with reading about successes like yours, I know this Christmas will be wonderful!!!! I pray that you will have continued success for you and your family!

__________________

"Your ability to succeed is only limited by your ability to conceive that success in your mind. Believe and it shall be."

Money flows EASILY to me!
I am a money MAGNET!
I CREATE money!
I have enough money for ALL of my wants and needs!


Thanks to everyone...

Thanks to everyone who commented. It really makes my day seeing all the positive comments on this site. If you look at when I first joined (September) and when I finally got my first deal (November) it took a little over 2 months for me to complete my first deal. Hopefully deal #2 will be soon,...going to go look at a lease option this morning.

Destrie

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Destrie

Failure Is Not An Option


Great Story, Great Job

I'm happy for you and I hope you continue to do more deals. Sounds like you are well on your way.


Congrats on the deal, that

Congrats on the deal, that is great. Keep going and do not stop. I have a question, I'm trying to do a assignment now but kind of confused about what contracts to use. Also what does it suppose to say on the contract. Like the one to lock up the property. Did you use the option to purchase aggreement, and did you have to get a lawyer to look over the aggreement or you just had the seller sign it.

Thank you
Great job on the deal........
Justin


Congrats Destrie!

It is a great encouragement for me and some of us who haven't done our first deal yet. Best of luck on future deals.

Summer


Great job destrie!!

You did very good even though some problems got in the way!! Great job!

__________________

yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the "present."

"Be not afraid of growing slowly; be afraid only of standing still"


Destrie,

Congratulations! Focus and determination pay off! Good job! Smiling

Rina

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"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)

"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11

For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249


Outstanding!!!

I can imagine the feeling of finally completing the first of many deals. Soon all of us DG newbies will get that chance to experiance that feeling! Congrats///

__________________

Do today what others won't, so you can live tomorrow like others can't!!


cougrrr1

Request: ... would you please send me a PM with the 'how to' include those crazy smilies that you use all of the time?
Love them, hilarious!
Thanks, Angela


Congrats!

I am so happy for you! You went out there and made your first deal happen in a very short amount of time. AND you didnt let the obstacles that popped up stop you from completing Deal #1. Good for you and I know that we'll be reading about more deals to come from you in the very near future!


Destrie

You exhibited patience despite the obstacles and got the job done. Congrats on your success and thanks for sharing your story. God Bless.

Sandra

__________________

"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.


Congrats

Glad to keep hearing of the success stories.
I've yet to make a first offer, but the days draw nearer as
I became a member on 10/12/09

just over 30 days now, Smiling

Thanks for everyones posts of positive reinforcements

Kelly

It's hard to make a comeback if you haven't been anywhere.


Congratulations

Awesome.. Your story encourages me as I am working to get my first deal!

Kim D.


Thanks for all the kind words....

Just one thing I wanted to let all of you know....all of you can do what I did. It takes focus, determiniation, and a strong willed person that will never take no for an answer. I have hit the bottom, to where I have no choice but to overcome obstacles.

Destrie

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Destrie

Failure Is Not An Option


destrie,

Congratulations on your 1st deal! I wish you many more.

Lea
SPR Property Solutions, LLC


Great News

Destrie,
I am happy for you and i do like your determination!I will read your journal for more information about this deal.

Thanks for sharing!!!
Randall

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Invest in yourself!


Destrie's First Deal

Destrie;
Thanks alot for your info on your first deal. Wow!!! Way to go. I'm new and learning to. Here's to your success!

Thanks for sharing...
Clarence

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Clarence E. Grooms
cegrooms@****
316-633-1774


Congrats on your first deal!

It just goes to show that persistence really does pay off! Great job and here's to many more successes!

Rick888

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Rick Merritt
Trident Realty, LLC

Weak is he who permits his thoughts to control his actions; Strong is he who forces his actions to control his thoughts. --Og Mandino

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Great Job

It is wonderful to read of your first success.. The real estate business is a bulldog business -- meaning tenacious . You have to have a never say die attitude .. The great thing is there is a multitude of ways to generate income from real estate.

Keep up the deals and continue making money ..

Randy S.


Congratulations Destrie

you really put it in yout mind that "Failure Is Not An Option". and it has paid off for you. Keep up the awesome work and continue to share your successes.

Be Blessed

Jose


Happy for you!

My hats off to you for having the deternination to folllow through will the transaction you could have easly just given up but you didn't. I'm looking forward to deal #2.

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Stop thinking just DO IT!


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