My Shut Up deal
- Thread starter JimWhitelaw
- Start date
- Joined
- Oct 11, 2007
- Messages
- 189
QUOTE (davepeniuk @ Mar 4 2010, 09:30 PM) Congrats Jim! It`s nice to see you have received your "shut up" cheque!
We are in the process of buying a property, acquired due to our yellow letter campaign, in Nanaimo with $20,000 of equity in it. Sellers received our letter, have a very specific timeframe when they want to move, and didn`t want to fiddle around with Open Houses and showings and paying a Realtor commission. They get the terms and timeframe and convenience, we get built in equity on a perfect house (no work needed, shows extremely well).
I will also be attending Tony and Joanne`s workshop this coming weekend in Vancouver. Any other REIN members going to be there? Say hello!
Congrats again Jim!
Cheers,
Dave
Hello Dave, I`ll be there. See you tomorrow.
We are in the process of buying a property, acquired due to our yellow letter campaign, in Nanaimo with $20,000 of equity in it. Sellers received our letter, have a very specific timeframe when they want to move, and didn`t want to fiddle around with Open Houses and showings and paying a Realtor commission. They get the terms and timeframe and convenience, we get built in equity on a perfect house (no work needed, shows extremely well).
I will also be attending Tony and Joanne`s workshop this coming weekend in Vancouver. Any other REIN members going to be there? Say hello!
Congrats again Jim!
Cheers,
Dave
Hello Dave, I`ll be there. See you tomorrow.
- Joined
- Aug 31, 2007
- Messages
- 950
Jim, if your good looks and charming personality are worth just $32,000, I can only guess at my net worth. It boggles my mind. ;-)
Congratulations!
Congratulations!
- Joined
- Mar 12, 2008
- Messages
- 736
QUOTE (Dan_Eisenhauer @ Mar 9 2010, 07:32 PM) Jim, if your good looks and charming personality are worth just $32,000, I can only guess at my net worth. It boggles my mind. ;-)
Congratulations!
Dan, Great line !!! LOL
Hopefully our paths cross in the future.
Congratulations!
Dan, Great line !!! LOL
Hopefully our paths cross in the future.
- Joined
- Aug 26, 2008
- Messages
- 731
QUOTE (Dan_Eisenhauer @ Mar 9 2010, 05:32 PM) Jim, if your good looks and charming personality are worth just $32,000, I can only guess at my net worth. It boggles my mind. ;-)
Congratulations!
ZING!!
Congratulations!
ZING!!
- Joined
- Aug 30, 2007
- Messages
- 200
QUOTE (JimWhitelaw @ Feb 27 2010, 09:41 PM) Well, my first quick turn deal is now done. I`m on a `working vacation` in Florida - my wife and kids are taking in Disney World; I`m at another Ron LeGrand event. Fortunately for me, members of my "power team" did the work of closing the deal on my behalf. (The less I do, the more I make...).
I got the property on a contract, then assigned the contract to my buyer a couple days later for $32.5K. They will put about $20K of fixes into it and should make at least another $30K. The buyer was thrilled with how the deal worked out. The renos needed were numerous but small - just a ton of little jobs to be completed, nothing major.
This deal came to me via one of my online leads. I got the email from my website about 9.00PM one night. The next morning at 9.30AM the seller had an offer in his hands and he accepted it. Two weeks later, the deals closed and everyone walked away happy.
I want to thank Tony Peters for his mentoring over the past few weeks on this deal and others. I worked hard to follow his advice and make this a Win/Win deal (actually, Win/Win/Win). Here`s what the seller had to say to me after we closed:
It took me a long time to wrap my head around the idea that people would be willing (and happy!) to give up equity in a property and would be motivated by issues other than money, but there it is.
I have to admit I`m feeling pretty good about this right now. It`s quite a thrill to see a deal like this go through, and especially to get an email of thanks like the one above.
For those of you that are still working to get your first quick turn deal done, I want to encourage you to keep at it. Always focus on making a deal that is a solid "Win" for all parties. If you focus on performing activities that create value for yourself AND everyone you work with, you will succeed!
Awesome job! Nice to see the commitment and hard work paid off.
I got the property on a contract, then assigned the contract to my buyer a couple days later for $32.5K. They will put about $20K of fixes into it and should make at least another $30K. The buyer was thrilled with how the deal worked out. The renos needed were numerous but small - just a ton of little jobs to be completed, nothing major.
This deal came to me via one of my online leads. I got the email from my website about 9.00PM one night. The next morning at 9.30AM the seller had an offer in his hands and he accepted it. Two weeks later, the deals closed and everyone walked away happy.
I want to thank Tony Peters for his mentoring over the past few weeks on this deal and others. I worked hard to follow his advice and make this a Win/Win deal (actually, Win/Win/Win). Here`s what the seller had to say to me after we closed:
It took me a long time to wrap my head around the idea that people would be willing (and happy!) to give up equity in a property and would be motivated by issues other than money, but there it is.
I have to admit I`m feeling pretty good about this right now. It`s quite a thrill to see a deal like this go through, and especially to get an email of thanks like the one above.
For those of you that are still working to get your first quick turn deal done, I want to encourage you to keep at it. Always focus on making a deal that is a solid "Win" for all parties. If you focus on performing activities that create value for yourself AND everyone you work with, you will succeed!
Awesome job! Nice to see the commitment and hard work paid off.
- Joined
- Jun 30, 2008
- Messages
- 19
QUOTE (JimWhitelaw @ Feb 27 2010, 10:41 PM) Well, my first quick turn deal is now done. I`m on a `working vacation` in Florida - my wife and kids are taking in Disney World; I`m at another Ron LeGrand event. Fortunately for me, members of my "power team" did the work of closing the deal on my behalf. (The less I do, the more I make...).
I got the property on a contract, then assigned the contract to my buyer a couple days later for $32.5K. They will put about $20K of fixes into it and should make at least another $30K. The buyer was thrilled with how the deal worked out. The renos needed were numerous but small - just a ton of little jobs to be completed, nothing major.
This deal came to me via one of my online leads. I got the email from my website about 9.00PM one night. The next morning at 9.30AM the seller had an offer in his hands and he accepted it. Two weeks later, the deals closed and everyone walked away happy.
I want to thank Tony Peters for his mentoring over the past few weeks on this deal and others. I worked hard to follow his advice and make this a Win/Win deal (actually, Win/Win/Win). Here`s what the seller had to say to me after we closed:
It took me a long time to wrap my head around the idea that people would be willing (and happy!) to give up equity in a property and would be motivated by issues other than money, but there it is.
I have to admit I`m feeling pretty good about this right now. It`s quite a thrill to see a deal like this go through, and especially to get an email of thanks like the one above.
For those of you that are still working to get your first quick turn deal done, I want to encourage you to keep at it. Always focus on making a deal that is a solid "Win" for all parties. If you focus on performing activities that create value for yourself AND everyone you work with, you will succeed!
Congratulations, Jim!
Very inspiring!
Clay
I got the property on a contract, then assigned the contract to my buyer a couple days later for $32.5K. They will put about $20K of fixes into it and should make at least another $30K. The buyer was thrilled with how the deal worked out. The renos needed were numerous but small - just a ton of little jobs to be completed, nothing major.
This deal came to me via one of my online leads. I got the email from my website about 9.00PM one night. The next morning at 9.30AM the seller had an offer in his hands and he accepted it. Two weeks later, the deals closed and everyone walked away happy.
I want to thank Tony Peters for his mentoring over the past few weeks on this deal and others. I worked hard to follow his advice and make this a Win/Win deal (actually, Win/Win/Win). Here`s what the seller had to say to me after we closed:
It took me a long time to wrap my head around the idea that people would be willing (and happy!) to give up equity in a property and would be motivated by issues other than money, but there it is.
I have to admit I`m feeling pretty good about this right now. It`s quite a thrill to see a deal like this go through, and especially to get an email of thanks like the one above.
For those of you that are still working to get your first quick turn deal done, I want to encourage you to keep at it. Always focus on making a deal that is a solid "Win" for all parties. If you focus on performing activities that create value for yourself AND everyone you work with, you will succeed!
Congratulations, Jim!
Very inspiring!
Clay