Today was a good day because some great things happened:
I bought a property today at 4pm and sold it by 7pm. That’s 3 hours!
So how did I sell this property in 3 hours flat? It’s called ambition. Just get out there and get it done!
Forget about the media and all of the negativity. JUST DO IT! Many investors think that it’s too
hard to make money flipping houses in today’s market, or there aren’t any real buyers. The truth is you can make money in any market if you are educated. If you know what to do you will be able to profit in anything you do.
Over the years I have spent thousands of dollars learning how to make money and guess what I’m still spending money to learn stuff. Just last year alone I spent $15K on my education. The problem is people are afraid to invest in themselves. They would rather blow their money on things that are NOT going to make them more money.
Enough riff raff… This is what I did to buy and sell a House today (in 3 hours)
Monday- I sent out my street team to hand out 1000 flyers in 3 hours. It cost me $40
Tuesday- 1 motivated seller called (it was the only call but I made the best of it).
Wednesday- I called the seller and bought the property site unseen. This was at 4pm. As I sent the seller the contract I sent a message to my buyers list. I received 10 calls and emails from my list of interested buyers. I set up an appointment with one of them and that buyer made me an offer. Keep in mind that I never saw the property until I showed it to my buyer.
I received a deposit from the buyer today as well as a signed contract. By the time I got back to my home office the seller had faxed the signed contract back to me. I bought the property with NO Money out of my pocket and I’m going to make $1500 on the deal. That’s $500 an hour for 3 Hours worth of work. If you think about it logically I didn’t even work that long. If I add up the entire amount of time that I spent on this deal it would be around 45 minutes total.
I know the profit margin is small, but keep in mind that small deals add up too. Don’t Be Greedy! Alot of investors would have turned this deal down, but think about this; if you do 1 of these deals weekly that would give you an extra $6000 per month ($1500 x 4 = $6000) which is $72k yearly. That is more than most people make in a year and you don’t even have to work nearly as hard.
So the moral of the story is to get out there and TAKE MASSIVE ACTION. Apply yourself and anything is possible. Believe that you can make it happen and it will, and remember that the small deals add up too!!
I will show you the check from this deal once it closes on Oct 2, 2009. Please leave a comment below to let me know your thoughts.
Until next time!
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