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All About FFJ Properties

FFJ Properties's picture
Name: 
Andrew
Location: 
near Bemidji, Minnesota
About Me: 

I am a children's pastor with excellent credit. My wife, two daughters, and I live in a house we built in '03. In 2008, We took out a HELOC for a downpayment we made for a contract for deed on an 8BR duplex right next to the University.

Here's the "lowdown" on the duplex and the events leading up to it...

In the spring and summer of 2008, I kept hearing about "the bad economy" and "the bad housing market" and record foreclosures. I knew deep in my gut that this HAD to be a good time for investors to get in.

Then, as my wife and I were on vacation, I saw this infomercial on TV- This Dean Graziosi guy was talking about this "window of opportunity" to get in on real estate. I told my wife Sarah about this "feeling" I'd been having, and how this Dean guy was confirming what was in my spirit. My wife graciously allowed me to order the book, "Be a Real Estate Millionaire." I read it through quickly.

I started looking at the paper for property for sale and rent, to see what was going on in our area. I called one lady I knew who was going through a foreclosure. I started browsing this website.

One day I got a call from my friend from church about a rental for sale. The owner was another mutual friend of ours, and was moving out of town. He owned a duplex with 8 bedrooms, RIGHT next to Bemidji State University. He owned the property free and clear, and was selling for $125,000. He would take a contract for deed with $25,000 down.

I took my wife and her family to see it. Everyone thought it was a good setup for college students, and helped to convince my wife Smiling. We took out a Home Equity Line Of Credit (HELOC) from the bank for $30,000. We used $25K for the downpayment, and the extra $5K was for emergencies. We opened a separate checking and savings account for the rental. It is now full and things are going well, thank God!

There are many other details left out that convinced us that this was a good thing. God's timing was in it all.

You can read how things took off after that on my journal http://www.deangraziosi.com/real-estate-forums/investing-journals/13623/...

Now I am working with investors (the property is all over the place!) My income with real estate has surpassed my pastor's salary. Dean's teaching and this site have been a great source of info and encouragement- God bless you all!

Andrew

Topics I've Participated In

TitlePosterRepliesUpdated
80 ways to find buyers jjensen1094 years 16 weeks ago
Andrew 's Journal FFJ Properties724 years 44 weeks ago
Rental Property - Ideas to increase cash flow Indiana-Joe575 years 34 weeks ago
Hard Money Lenders Build_assets277 years 47 weeks ago
Just got a Deal Accepted realestatenoob158 years 26 weeks ago

Basic Info

Occupation: 
RE Investor/Property Manager
Children: 
Have Child(ren)
Education: 
Completed College
Status: 
Married

Sites I Visit

Mainly Just This One

Guestbook

New things...

FFJ Properties's picture

New things are always happening...

Andrew,

Indiana-Joe's picture

Congratulations for being part of the DG website community. The website is packed with great information and inspiration. The "window of opportunity" is there for all of us to create win-win situation in real estate investing. I just wanted to stop by your guestbook and wish you good luck with real estate investing. Each day continue to increase your knowledge with real estate and before long good things will happen. Go for it, you can do it! Believe and Achieve! Smiling - Joe

Hello, Follow the link

JJD's picture

Hello,

Follow the link provided below, download files, leave comments and Enjoy

http://www.deangraziosi.com/real-estate-forums/marketing-buyers-and-sell...

http://www.deangraziosi.com/real-estate-forums/marketing-buyers-and-sell...

http://www.deangraziosi.com/real-estate-forums/marketing-buyers-and-sell...

http://www.deangraziosi.com/real-estate-forums/marketing-buyers-and-sell...

http://www.deangraziosi.com/real-estate-forums/marketing-buyers-and-sell...

http://www.deangraziosi.com/real-estate-forums/investing-journals/54326/...

Here are some resources to get you started! Please leave your comments in the post or two. And, Don't forget to check out all of the other great resources available in the books, links, downloads, conference calls and website provided here.

May You have Great Success on your Journey! You will find a vast array of information at your disposal on this site.
Most of your questions can also be answered by researching in some of the Forums, Posts, and other links available.
It would also be to your advantage to complete your profile to it's fullest as well.
Thanks For Coming Aboard!

JJD

My hands are full.

FFJ Properties's picture

As you will see in my journal, my hands are full. God has blessed my socks off with real estate. We are living comfortably, and making a lot of people happy. If all continues as it is, I will retire before 60. When the mortgages are paid off in 18 years or less, our income will be off the charts.