Chip and Andrea Weule used Dean Graziosi's real estate methods to build a profitable business. They made $4,400 on their first deal with no money down, refinanced two townhomes to pull out $60,000 in 90 days, and flipped two foreclosures for $43,000 total profit.
$4,400
Less than 90 days
$60,000 total; $30,000 per property
$150 per property; $300 total per month
$45,000
Hi, I'm Chip.
I'm Andrea.
And we're successful real estate investors thanks to Dean and his amazing team.
We started out reading a little bit about real estate and thinking, wow, that's how all the wealthy people have made their money.
One day we're just filling down on our luck. We just happened to come across Dean and his TV show there. He seems super inspiring and, you know, really go get her. And his message was that he just wanted to inspire people to get off their butts and make something happen. And, you know, got us pumped up again. And we were all about it, ordered the book, and we were like, you know, we didn't know what we were doing, so, hey, let's at least get the book and try to educate ourselves. So we got the book online and we went from there, started reading the book, learned about a ton of great opportunities and new way of thinking of things. And, you know, after reading that, there's really no way going back. It's been a blast, and we've had a lot of fun. It's just been great. And over the last, over the last year, I mean, we'd like to. I guess now we'd just like to share a lot of our success or our successes over the past year. Hello. We're standing right here in front of our very first successful deal. This property here is, you know, it's one of our favorites because it got us going, made us believe that this stuff could really work. The way we did it was, you know, we started reading Dean's book, got in there, started reading about all the different techniques, and came across, you know, bird talking and how to put some money in your pocket, how to profit on real estate without using any of your own money. Our profit was $4,400 just for introducing the two people. No money out of pocket. Making the introduction, and it only took a couple hours, and I hadn't even made it all the way through the book yet. And this was just one of Dean's great ideas that we had learned.
Well, feeling awesome after our last. Our very first deal that we did, we saved our friends credit. We learned a little bit about how real estate processes work, closing processes, how people get paid. And so then we signed up for Dean's full program and we started doing all the classes and the coaching, which was amazing. He taught us everything about the value of real estate investing, but also how important it is to get education, how to build an actual business, how real estate shouldn't be just a hobby, it's a business. And you need to treat it like one. So on this next deal that we decided to take on, we decided to take on two properties. It turns out the two properties are two brand new townhomes in Elk river, which is a new area of Minnesota that is starting to expand. A light rail is supposed to be going in in the next couple years that will connect it to the cities. We refinanced less than 90 days after closing. We had were able to cash out $60,000 total, $30,000 on each property, which is huge to have that much money in our pocket, yet they were still going to cash flow each $150 a month. So now we've closed our third and fourth deal. We have $45,000 after all the investment costs in our pocket, and we're still cash flowing a total of $300 a month.
On to the next deal, successful deals number five and six. Since we had closed the Elk river properties, the bank was really impressed with us and how we were able to come through and, you know, make that happen. So they actually called us up and said, hey, we actually have two more properties. These are in Watertown, Minnesota. Are you interested in these? And Andrew and I immediately said, heck yeah. And we got to research in Watertown not knowing anything about the place. So we said, yeah, we'd love the opportunity to, you know, work with you again and see if we can you, if we can make something happen. These properties are brand new, never been lived in, still under construction. And actually the builder was going through foreclosure on the entire project. Went out and got the appraisals on the properties, had them looked at, got two different people. We had a broker's price opinion and we also had a appraisal on them. And they came back. The appraisals came back between 230 and $250,000 each. We decided, what the heck, you know, we've worked with them before, let's take a shot and see what they say. So we only offered $65,000 for each of them. The bank, they came back and they said, ah, you know, that is pretty low, but let's go for it, let's do it. So we just thought, holy cow, they accepted that offer and couldn't believe it, you know, couldn't believe we got this. So we started talking to some people. We actually had an interested buyer who liked to do the rehab work and he was looking for another project, had recently just finished something and was looking for something else. It was super easy. The end buyer came in and paid all cash for the properties and closed them out. And we walked away from that deal with just almost $43,000 was our profit from these two guys. Alright, we'd just like to finish up here with our success stories by going over a few of the things that we've learned. There's a whole world out there that we would have never opened our eyes to had we just not picked up this book and really got off our butts and did this thing. And so we're completely thankful for Dean and his team. We really appreciate it. Thank you.
