I can’t wait until we start our pitch free teleseminars. I’m going away on vacation next week (to the outer banks) and I will start the first call when I get back. It’s gonna be fun! I really do want to help you guys in your businesses and I can’t wait until the questions start rolling in.
Anyway, I have something else I wanted to discuss with you guys. Yesterday, I was able to assign 2 contracts and my total profit on these deals are going to be $6000. How did I do this? Simple, I found one property through a bird dog. I was able to get the property from another investor who I happen to know very well. The property is worth $110,000 to $115,000 fixed up. It needs $8k to $10k in repairs. I was able to sign the contract for a price of $61,500.
Initially, I was going to rehab it but found another investor to buy it for $65,000. That leaves me with a profit of $3500. It’s closing next Tuesday. I’ll show you the check when I get it. Not bad a for a days work, huh? I was also able to find a buyer for another investor in the area and I’m going to make $2500 on that deal. It’s going to close in a month… I’ll show you the check when I get it.
So what’s the moral of the story, well I’m going to post a comment daily on this site to let you guys know what I am working on for the day. You basically get an inside scoop on what I’m doing, what’s working for me and what’s not. I’ll take you through the entire process from finding deals to closing them. This will be great in addition to the teleseminars. It’s sort of like a journal of Jamel Gibbs. Great Idea, huh? Everything I’ve done during the course of the day will be documented and posted the following day. (Starting tomorrow)
Please provide some feedback !