Hello ALL!!

Obviously one could tell Im a rookie by the subject headline. I've been reading the Profit From Real Estate book nonstop since it came in the mail 2 weeks ago. Best thing I ever did! Im almost about wrapped up with it and already I have 2 potential deals on the table I need questions answered on before I move forward and start making my offers. Anyone who chimes in with input would be GREATLY appreciated!!

1st Deal question

I am totally amazed - many of you will remember my frustrated posts about finding a deal here in Jersey after my first flip house. Well, after my long distance assignment with Rina, and reading the new book, something changed in me and I decided to stop analyzing so much and just DO. So while I wasnt really comfortable putting out offers without seeing the houses first - the other way sure wasnt working and was extremely time consuming.

I'm so pumped up. I closed on my first deal and it feels great! I read Dean's books about 5 weeks ago, and now I own a property that is now locked up in a 1 year Lease W/Option to buy. The sale price on the lease is $22,000 over my total cost in the home and I'm making about $100 a month positive cash flow on it.

We closed on a short sale last Thursday. 3/1 in a great neighborhood. Asking price $69,900, FMV $87K. Bought for $50K. Worked on it Thurs/Fri, put about $2K into it, had an open house on Saturday, putting it back at $69,500. Today I have an offer to purchase in my hand for my FULL ASKING PRICE, $69,500! That’s $17,500 profit in just a few short days!

Just a short update, because I am very exhausted, but I will be back with more in depth info. later.... I have "locked" up 2 properties so far with # 3 on its way!!!! It's not as difficult as people like to make it sound. All you really need is a "DARN GOOD" RE agent who knows what he/she is doing and knows how to do some DAMAGE!!! LOL.....

I'll get back with everyone to explain more of the details on another post... But, for now I must continue signing and initialing my name on these docs.... This "FEVER" is wonderful

I finally did it. I made my first 25 offers! Even though they were verbal or by email, it feels great to finally say I am taking action! The great thing was that I followed the process of Dean's book and started with offers of 50% below FMV. My plan is to assign! It feels good!