Rina bought three investment properties after reading Dean Graziosi's book and joining his coaching program. She negotiated a $40,000 deal that raised their net worth $17,000, purchased another for $85,000 with comps at $125,000, and has a third closing in July with expected profit between $25,000 and $40,000.
Questions this video answers
Purchase price $85,000; comps around $125,000.
Planned sale price $125,000; fallback sale floor $115,000 (would yield $30,000 profit).
Rent $850/month; estimated cash flow about $200/month.
Asking price $59,000; fair market value around $57,000; accepted offer $40,000.
$17,000.
Chapters
And sitting in front of the house in Brule that we'll be purchasing. And we're getting it for $85,000. Comps are around 125,000. We're gonna try to sell it for 125,000 and I will drop down to 115, which would still be a profit of $30,000. And if we can't sell it right away, we're gonna rent it out for 850amonth, which I believe is about a $200 a month cash flow until we are able to sell. This is a property that we purchased since getting Dean's program. And the asking price was 59,000. The fair market value is around 57,000. I made an offer of $40,000, expecting the owner to meet me about halfway. And he accepted my offer of 40,000. And so being the fair market value now is 57,000, that means we increased our net worth by 17,000 dol.
So I ordered the book and as soon as I got it, I read it through the first day and it has like I'm seriously, literally changed my life, my thinking, the way I look at real estate, what I see for possibilities in the future for myself, my family, my husband, my relatives. Since we got the book and signed up for the coaching program, we have made two real estate deals. One that has raised our net worth by $17,000. And we're on a third one right now that will be closing at the end of July. And I'm expecting to make between $25,000 and $40,000 off that deal. With the new strategies and techniques that I've learned from Dean, I expect to be able to live solely off our real estate investing income.
