WOOHOOOOOOOOOO!

....We always enjoy celebrating milestones and anytime we can celebrate with a little cake, that is always a good thing.

Checking the calendar, 04/28/2011, I discovered that Indiana-Joe is 2 years old today. Just like any rambling toddler, you have to crawl before you walk and once you master walking, running is not too far behind.

It was on a 4 hour plane ride home from Dean's First ever Gain the EDGE 2009 live event that we decided we had to take action and commit to our goals with real estate. We decided when we returned home on 04/28/2009 that we would each become members of the DG.com website. We had to choose a name and finalize a plan for real estate.

I have my first deal under contract. It's a reo. Bank had it for $24,900, we negotiated and I got it for $21,500. I paid $2200 ernest money, now we are set to go to closing this month. I will be paying cash for a duplex that needs about $10,000 in repairs. I will buy, fix and hold. I will rent both sides for about $600 a month.

Now because I don't want to tie too much money up, I will be seeking a hard money loan for the repairs.

I hope I did all of this the correct way. Please advise.

I reorder Dean's books, the others are packed up because I have moved and not unpacked anything. I hope I followed the book the right way. I joined the Success Academy after the property was under contract. Can I still seek advice from them?

NW

I have been with DG since Jan. and have completed my first deal. We (me and dad) have been new home builders for several years, but as you all know that has NOT gone well lately. My dad saw Deans commercial and we joined up and it has opened up a new world in real estate for us. Our first house was an estate sale bought for $50,000 rehab cost $20,000. We had a contract 2 weeks ago for a lease/option and we still have 2-3 more days before we are done with the rehab. We're getting $3,000 down, $850/month and $90,000 purchase price. The folks say they will be able to purchase in 2-3 months. The second house we just started rehabbing and we will sign a contract for lease/option this week. REO purchase price $49,900 estimated rehab @ $20,000 probably less.