Re: How long before your 1st deal? - Posted by dell-ohio
Posted by dell-ohio on July 04, 2003 at 19:07:39:
The first book I remember reading was Robert Allen The Challenge. I read the entire thing in two nights.I was so excited I was sure I could walk on water.
The day after I finished the book, I was talking to a neighbor, because I had read the book I decided to ask him about his house he had for sale.
Said he has someone who was buying it but the buyer kept chewing him down, chewing him down and wasnt closing when he had agreed to.
I asked how much he was getting for it. I knew it was a really good deal. I told him if the buyer doesnt come through. That I would pay him $5,000 more, his original asking price.
The next morning the seller comes back and asks me how I slept the night before. Apparently he had not slept well.
Long story short, He maneuvered himself out of the contract. Offered it to me. I did not have any money and really bad credit, but had creative ideas after reading Allen. I talked to a friend and asked if I found a deal that we could make 20,000 on in thirty days would he put up the money to fund it and we split the profits. After he agreed I told him about the deal. We bought it, did a little rehab. “partner” decided he wanted to keep the house for himself and live in it.
He paid me $3,000 and a motorcycle valued at about $ 4,000. Then I did the Robert Allen three day seminar and bought and sold three more more properties during the next 15 years. Selling my "real business now, just started in real-estate almost full time in Jan. Purchased eleven properties since then.
I am having more fun than I imagined possible, and the profits are amazing for the amoiunt of time spend. I LUV IT !