Real Estate Investing!

My First Purchase! - http://www.dealmakerscafe.com Forums

Original message

FreedomGuy

"My First Purchase!" , Tue 6 Mar 07:12

I finally got my first purchase last night!

Here's the story: house is easily worth $150K, I bought for under $120K like so:

$94K in "subject to" a loan at 8%
$25K in a 25-year zero-interest loan!

Thanks to Dealmaker, Lynn & Terry (and everyone else as well) for all of their help along the way. Dealmaker...the time I spent with you a few weeks ago really has started to pay off. I decided to do my marketing exactly like you said (instead of trying to be "creative") and by God it worked!

Bryan

Replies:

Lynn
Moderator

"Re(1):My First Purchase!" , Tue 6 Mar 10:38

Ya Da Bomb! At least that's what my young boys would say!

Great job! Now go do some more!

Happy Investing!
Lynn

Knowledge is important but all the knowledge in the world is worthless without action! How many offers did "you" make today?

Dealmaker
Moderator

"Rinse and Repeat" , Tue 6 Mar 07:36

Congrats!! Great job! It's all down-hill from here. Just rinse and repeat!!

I'm glad the marketing has paid off. It always does. Most new investors get discouraged and stop marketing after a few weeks..however, the word is just getting OUT! It will snowball and continue to get better. Stay consistent and keeping adding at least one new marketing avenue every month.

Lunch & Dinner is on you!!

Dealmaker

FreedomGuy

"Re(1):Rinse and Repeat" , Tue 6 Mar 07:53

Thanks for the kind words! (I owe you a few lunches and dinners anyway, don't I! Looking forward to paying up!)

I've got another appointment this afternoon, so I'm hoping to have success #2 to report. I'm really excited about this, because as soon as I get to a real comfort level in dealing with sellers, I'm going to start putting some REAL money into marketing, as in billboards, bus-stop ads, maybe even TV commercials (if I can find a marketing firm I feel good about).

Thanks again!

Terry (Houston)

"Re(2):Rinse and Repeat" , Tue 6 Mar 17:38

You Go Man!

Way to go dude.

It just gets easier from here.

Keep us informed!

Terry

...There is no chance no destiny no fate
that can circumvent or hinder or control
the firm resolve of a determined soul...

Ella Wheeler Wilcox

Terry (Houston)

Dealmaker
Moderator

"Who's buying tonight??" , Tue 6 Mar 17:45

Hey T:
Who's buying tonite??

We'll see you @ 6:15.. meet us downstairs.

Dealmaker

Terry (Houston)

"Re(1):Who's buying tonight??" , Tue 6 Mar 18:08

JEEEEZZZEEEE

I guess since your wife makes all the money in your family I will!

See ya there!

...There is no chance no destiny no fate
that can circumvent or hinder or control
the firm resolve of a determined soul...

Ella Wheeler Wilcox

Terry (Houston)