This is a short YouTube testimonial video ("Dean Graziosi - The Shotwels") where Matt and Mike Shotwell describe how Dean Graziosi's real-estate advice helped them. Matt recounts negotiating seller-paid closing costs (he requested $20,000 and received $13,200), using leftover funds to buy down his interest rate, arranging seller-paid repairs, and choosing a property with an unfinished second floor to finish and rent for positive cash flow. Mike says he and his family own three rental properties valued at close to $1 million and emphasizes buying the worst house in a strong location and fixing it up. Both credit the book with helping them overcome fear and reach greater financial independence.
Questions this video answers
$20,000 (requested)
$13,200
Three rental properties
Close to $1 million
Chapters
Hi Dean, I'm Matt Shotwell and we're here in Vallejo, California. And behind me here is my newest property that I've acquired using a lot of the techniques and tips in your book, how to Be a Real Estate Millionaire. Some of those tips that I used, just a few, were to negotiate the closing costs to be paid by the seller. I asked for 20,000 and my realtor thought I was crazy, but. But I ended up getting $13,200 towards my closing costs. So I didn't have to come to the table with any money for that. And the leftover monies I used to buy down my interest rate, so that worked out great. I also negotiated to have the seller pay for some damages to the property for the front stairs and things like that. And I also decided to pick a property that had an unfinished second floor so I could finish it off at a later date and rent out the rooms to cover my mortgage to make a positive cash flow. So just as much, a few of the tips there that I've gotten from your book and I just wanted to thank you for such a great book and helping me to financial independence. Thanks, Dean.
Hi Dean, this is Mike Shotwell again. I just wanted to let you know how huge of an impact your book has had on my family and I's life. We currently own three rental properties right now totaling up in value to close to $1 million. Personally, one of my favorite techniques in purchasing a house is first finding a great location and then purchasing the trashiest house in that location and fixing it up. My dad, brother and I can pretty much fix up anything, whether it be from refinishing cabinet doors in the kitchen, putting down tile in the bathroom or dining room, floor, carpet, electrical, landscaping, pretty much anything because we're very handy and motivated and confident.
I guess the most important thing that we learned in your book, I guess was just overcome the fear of failure to get out there and do it.
