This week has been eventful to say the least!
I usually always start with the bad and finish with the good but there was so much good this week I have to share now!!
5 weeks ago Anthony G took me to dinner and was looking for advice on how to start investing in Real Estate. We laid out a clear plan and he started immediately! This week was his week! He landed a killer deal in Painesville OH that we now have under contract to buy. It’s official Anthony is a real estate investor!!
My friend June R decided to get back into real estate investing on Sept 10th this year. She took action immediately! This week she has been in negotiations on 2 Cleveland properties and any day now she will have her first deal under contract!
I started a new side partnership with Jason W. He was scouting properties like crazy and landed us a great deal in Collinwood! The property is already cash flowing and only in need of cosmetic work!
This week I was able to get 3 investment properties under contract! I am the cash buyer for Anthony G’s Painesville property he scouted and locked up for me, I am partners with Jason W on his Collinwood property and I was able to find a great deal on a dated Collinwood home off St Clair! Everything is under contract and ready to take title on! 3 deals in 1 week is a new personal best for me.
But I didn’t stop there…
Although I was unsuccessful I went after 18 more properties this week. I sent Anthony G with several “Racks” to the Cleveland tax sale. I was interested in 15 homes on the list and Anthony was there to buy at least 3 of the 15. I was pumped about this and very confident we would come out of the auction with several other properties added to the portfolio. Anthony was there at 9:00 am reading the crowd and ready to tackle our deals that went on sale at 1:00. Anthony kept texting me stating that everyone was paying far more then the properties were worth but I wasn’t worried I figured the crowd would run out of funds before our listings came up at 1:00.
It was Anthony’s turn to bid on our deals and one by one they were bid up to amounts we would never pay for properties! I was especially happy he was disciplined enough not to get “caught up” in the bidding frenzy and over pay for properties that we couldn’t turn a profit on!
I also placed offers on 3 more single family homes in Collinwood. Two of them were found by Jason W and one was a lead from my BANDIT SIGNS!! All offers were rejected but I’m not worried! Most of my offers are rejected the first time around it’s when I follow up 4 weeks later that I typically win and lock them up under contract!
A year ago I would of never thought I could buy 3 properties in a week or have the guts to try! This shows that when you stay focused on your goals, surround yourself with winners and continue to grow daily anything is possible!
Check out Roosevelt Goodman’s new book A Quick Guide to Real Estate Investing: Avoid these 10 Mistakes