User

Write something

is happening in 8 hours
All
General discussion
Wins
Introduce Yourself
Call Replays
Guessing Game
Free Training
Pro Tips
Deal Updates
🏆 GOLD
Wholesale Deals

Graduated with my Masters this weekend! Felt great to cap off a long 3 year journey. Now I’m ready to focus that energy on closing some deals!

5

3

Marjorie Sulaiman
David Dodge
Shannon Cahill
New comment 12h ago

What up, Good People: I received a phone call from my Property Manager (PM) who informed me that my tenant, who has not paid me her rent since December 2022 has $1K for me right now. My PM went to pick it up Sunday evening before she spends it or something else happens. My tenant was scheduled to give me $1,900 Friday but Friday came and went and I did not hear from her. I learned from my Property Manager that her car was impounded Friday so she couldn’t give me the whole amount. However, I will accept the $1K w/ a smile. It is better than nothing. She now owes me $6,600 in back rent. I have been truly patient throughout this whole ordeal and will continue to be patient. Two things are happening simultaneously; I do have a Warrant of Removal but I am trying to retrieve the rest of my money before I evict her, and she will get assistance from a rental assistance special program. I am waiting on that. This property cash flows $500 a month and I have missed having my tenant pay down the mortgage. Since December, I have been paying three mortgages. Real estate is tough but it can be very rewarding. The moral of the story is don’t quit, hang in there, and good things will happen. At least this month I do not have to pay the mortgage on that property; she is covering it. Peace.

6

5

David Dodge
Stephen Townsend
Nick Johnson
New comment 5d ago

12d ago 

in 

Wins

My grandson graduated from HS yesterday! Big weekend now to celebrate this milestone. I’ll find some time to devote to keeping up with Real Estate Skool. Florida is nice, but….not Hawaii. And I’m keeping my feet on the ground @David Dodge lol

10

6

Stella Herrera Williams
Robert Timmons
Holly Lewis
Stephen Townsend
Greg Sullivan
New comment 7d ago

20d ago 

in 

Wins

We are refinancing 6 rentals and so naturally the lender had them re-appraised. We bought them in 2021 for an average price of 91K per property. The current appriasals came in at an average of $165K per property. Over 2 years that is an increase of $74,000 per property. WOW! Assuming we could sell them at the appraised value that would be a BIG WIN of over $400K gross profit. But the tax man wants a BIG piece of that. So instead we can refinance them up to 80% and pull out close to 250K. (we are not pulling that much out but we could) . The crazy thing about that $250K that we could pull out...it is not income...so you're not paying income taxes on it. #RefiTillYouDie

11

5

David Dodge
Brandon Marler
Stephen Townsend
Greg Sullivan
Nick Johnson
New comment 15d ago

17d ago 

in 

Wins

I got my first retail MLS Listing live of Friday of this week. As a brand new agent I have to say that it’s quite a bit of work getting everything entered into the MLS, getting all the agreements and disclosures signed, getting photos, and dealing with all the agents. But it’s all going to be worth it when you add up the $/hour for those tasks once it sells and you get paid a commission. The listing went live Friday evening for 199.9K I had issues with the Supra box but got that fixed Saturday morning. Yesterday we had 3 showings and I plan to have 2-3 more today. Here is the listing link: https://www.zillow.com/homedetails/438-N-Sappington-Rd-APT-C-Saint-Louis-MO-63122/2057660906_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare We already got an offer 5k above asking but put out a notice to all the interested agents that we will be considering offers until 4pm today (that’s the deadline) and will decide by 7pm today who we will choose. This listing is my late mother-in-law’s condo. She passed away about 5 months ago and my wife and her brothers were finally ready to get it listed and sold. Just in time for me being licensed (3-4 weeks ago) Takeaway: Don’t discount your friends & family when it comes to real estate investing and listings. Everyone has to live somewhere and/or has housing needs at some point in their lives. Be the person that helps them when that time comes 💪🏽💪🏽

8

12

Robert Kvalheim
Will Waldrop
Rick R. Johnson
Dan Grimm
David Dodge
New comment 15d ago

30d ago 

in 

Wins

We hit 500 members inside REAL ESTATE SKOOL Today 🙏 🔥 I'm excited for the next 500 then the next 5,000 then on to the next 50,000!! 😎

18

17

Tammy Elias
Nick Johnson
Stella Herrera Williams
Robert Kvalheim
Kynly Cazeau
New comment 17d ago

26d ago 

in 

Wins

Today I rented a small, single engine, piper airplane and flew around the island of Maui and took in some amazing views. Check out some of the pics 👇

15

13

Holly Lewis
Lila Resto
Anthony Wall
Robert Kvalheim
David Dodge
New comment 24d ago

HEY GUYS guess what I received from @David Dodge and @Mike Slane for simply being one of the top active members of the Skool in points. I’m so lucky to have him and you all!!!!🥳🥳 P.S. Y’all better step your game up your ima be getting another set of books🤑

9

6

David Dodge
Marjorie Sulaiman
Robert Wadsack
Stephen Townsend
Nick Johnson
New comment 28d ago

Did my first couple of cold calls today. Did a total of 10 and got 1 appointment. I called a couple of people on the DNC list on accident so we’ll see if they sue me or not LOL. Thanks to @David Dodge and everybody else who helped this is a big step for me!!

15

8

David Dodge
Anthony Hinton
Ro Lyn
Marjorie Sulaiman
Kim Harris
New comment 30d ago

Apr 25 

in 

Wins

~200 panels going on the motel conversion project this week ☀️👌🏽🔥

7

5

Nick Johnson
David Dodge
Tammy Elias
Stephen Townsend
New comment Apr 28

Mar 22 

in 

Wins

Fix and Flip WIN!! Check out this Transformation too. Here are the Original Photos of when I bought it: https://www.dropbox.com/sh/05i8dpgdx9h41wb/AACoNSh74936xU8Skr06dDG3a?dl=0 Here are the Listing Photos we took 3 weeks ago: https://www.dropbox.com/sh/t5czv0t6aeoj5jt/AAC1ldukA86PCYCgWPULj9hua?dl=0 Purchase was ~65K Rehab was 73K Private Money cost 7.5K ARV is 255K We should make 90K+ on this one :) Lead Source was an agent friend of mine who had a "Pocket Listing". The seller was in jail and his father had a POA to sign on his behalf and help him sell it. The fire was from a drug overdose that lead to arson. I used a private lender to purchase the property in under 2 weeks and make everyone's lives EASY! I solved a lot of problems for them and created a Win-Win Solution. I then hired a GC and met him 4-5 times to help him pick out my finishes. I will have my partner who is a broker listed it on the MLS for us. I didn't really do that much work on this deal. I've been to the property maybe 6-7 times in total. What I did do was find a motivated seller that was in need of help and helped them. What I also did was use all the resources that are available to me to LEVERAGE everyone else to get this project completed. (Seller Agent, Private Lender, General Contractor, Photographer, Broker, Title Company, Buyers Agent,) It's not rocket science if we TAKE ACTION and start talking to sellers! We CAN NOT help them if they don't know WHO WE ARE...

9

4

David Dodge
Tammy Elias
Anthony Hinton
Paul Melchior
New comment Apr 28

Hello everyone! My name is George, long time wannabe wholesaler. Working this year to accomplish my goal of building a successful wholesaling business in St. Louis. Glad to be here!

5

2

David Dodge
Dennis Silva
New comment Apr 26

Check this out. Today @Mike Slane and I bought a rental property with none of our own money. We found the deal from a local wholesaler. We went and viewed the property about 2 weeks ago and made an OFFER to the other investor. Once we worked out a DEAL (this took a few days) we contacted a local private lender of ours to fund the deal. We closed on it TODAY! We walked away from closing with 42K to rehab the property too! Here are the deal numbers that we project: Purchase was 26K (21K + a 5K assignment to the other investor) Rehab will be about 35K. (we over-borrowed just in case and for other reasons) ARV will be about 110-120K Our plan is to BRRRR the deal. Add it to our portfolio of Rentals with none of our own money. Buy (we paid 26K) Rehab (we plan to spend about 35K) Rent (we plan to rent it for $1,000/mo) Refinance (we plan to get an 80% loan from back based on 115K ARV -> 92K) --> We borrowed 70K and will have interest and holding costs of about 7-8K Repeat (we have done this over 200 times) We might even walk with some money on this or OR only get a 65% LTV loan since we bought it SO GOOD and LOW! Attached is the rehab funds check... This is NOT profit but OPM. Also attached are the closing statements and the NOTE (loan agreement attached to the deed) with our private lender to secure his interest in the loan and the deal. Lastly, I have a link to a video that we took 2 weeks ago when we first went to view it and make our offer: https://youtu.be/9ZxQcGV3fA4 And another video that @Mike Slane took today with our GC to put a plan together for the rehab will be coming later this evening :). We are going to try and document the DEAL as best we can for you all! We got your back, David & @Mike Slane PS) Here are all the photos from the original walk-through: https://www.dropbox.com/sh/6020l974146gwxh/AAArn_HdrvPl7MS4Yk-crumva?dl=0

6

18

Michael Sacco
Nick Johnson
Jason Massey
David Dodge
Tammy Elias
New comment Apr 21

Apr 17 

in 

Wins

This may have just saved me about 1000$! Instead of replacing the carpet able to get the stains out.

4

1

David Dodge
New comment Apr 18

How long did it take you guys to get your very FIRST FLIP? Care to share? 🙂🤔

4

7

David Dodge
Mike Slane
Charles Walker
New comment Apr 16

Mar 23 

in 

Wins

Some motivation for all the NEW people that are "ON THE FENCE" about getting into Real Estate investing... This was my NET PROFIT from a recent flip that I just closed on YESTERDAY!! I posted about this deal yesterday in this post: https://www.skool.com/realestate/triple-digit-flip-sold-today?p=4e876df6

9

5

Holly Lewis
Jon Collins
Jason Moss
Nick Johnson
Kynly Cazeau
New comment Apr 9

Apr 5 

in 

Wins

Got a list of sellers, sent some emails. Waiting for the responses.

7

4

Anthony Hinton
Kim Hampton
David Dodge
Nick Johnson
New comment Apr 6

I just launched a Google PPC Campaign Today!! Super excited to see how it performs over the next couple of months. Our Budget is $2,500 a month to get started so not too big or too small :) But it should generate several leads a week for us to get some eyes on properties and go run some appointments and hopefully WIN SOME DEALS!! Check out the website that the agency that is helping us with the campaign got up in under a week's time: www.HouseSoldEasyProperties.com A pretty decent little website that loads fast and is great for capturing leads from paid ads.

3

3

David Dodge
Carlene Randolph
Nick Johnson
New comment Apr 6

https://www.zillow.com/homedetails/3906-Fairway-Ct-Saint-Ann-MO-63074/2666966_zpid/?utm_campaign=androidappmessage&utm_medium=referral&utm_source=txtshare This was my first flip completed with a partnership I created with two other owners. Closed in late Jan. Purchase price was 95000 plus closing costs....rehab was about 35000 or so plus holding costs/closing costs ended up close to a 38k profit. Being your own agent does allow for flexibility when trying to sell since you don't have to take a commission. Already closed on our second rehab in Florissant.

6

5

Nick Johnson
Holly Lewis
Anthony Hinton
Marjorie Sulaiman
David Dodge
New comment Mar 28

Mar 27 

in 

Wins

I'm excited to announce the weekly "Real Estate Skool" leaderboard! (See the images below) We had 15 members make it to "LEVEL 2" this week and unlock the "Free Contract Generator" and the "Call Replays! Congrats to @Dennis Silva @Don Johnston @La Johnna Harris @Asani Carmenovae @Mike Slane @Lou Silva @Holly Lewis @Robert Wadsack @Jon Collins @Traquan DeShields @Pamela Meadows @Shawn Brigham @Sherwyn Lafond @Michael Sacco & @Marrian Weed!!

5

3

David Dodge
Holly Lewis
Anthony Hinton
New comment Mar 28

Mar 21 

in 

Wins

I just got a small little 2/1 here in STL under contract over the weekend. The lead source was from another wholesaler that has sold, my partner Mike and myself, a few deals in the past few years already! The reason that we wanted this one is b/c we have a few rentals in this zip code already and 1 on this same street just 2 blocks away :) Usually, I don't like buying houses that need more work in terms of the costs than the purchase price but this one is unique b/c we can add a 2nd bedroom upstairs and also a smaller bedroom downstairs making it a 3/1 pretty easily. It also has a 2-car detached garage on the back that the neighbor has already expressed interest in renting for $150-$200 EXTRA a month :) Here is our plan: Buy it for 26K. Rehab it for ~40K. (Both using Private / Hard Money) Be all in for around 75K with interest, closing costs, holding costs, etc. Get it appraised for around 110-115K. Get a loan from a bank for ~80% of the appraised value. 110K * 80% = 88K Max bank loan -> We will owe our lender about 75K so we might be able to walk away with 5-10K at closing, get a new rental on board, (that's already rehabbed), and have used VERY LITTLE of our own money to do it. Attached is the assignment + purchase and sale contract along with photos from the wholesaler. I will make videos on this one as we purchase it and start the rehab, then again after rehab is complete and when it's ready for Refinance and leasing :) Photos: https://www.dropbox.com/sh/3i460jk0gvvq4v7/AAAsV_KDeilcqBiiY9EhDIOZa?dl=0 I opened escrow yesterday with $200 to get the title company working on the file and preparing it for close on 3/30/23. Our private money lender will wire in the purchase and rehab funds prior to closing :) PS) the property should rent as a 3 bed/1 bath for about $1,100, maybe even a bit more, we will see... With a 7.5% 30-year mortgage our payment will be about 600 a month. Add in insurance and taxes for another $250 a month and we will owe about $850 a month. @$1,100 a month in income that creates about $250 a month in CashFlow!

4

3

David Dodge
Nick Johnson
Anthony Hinton
New comment Mar 27

Mar 25 

in 

Wins

You can now access this community with this super easy-to-remember domain if using a browser: reiskool.com

4

0

Mar 25 

in 

Wins

Wholesaling is so SIMPLE if you know how to reach the right sellers!! If you are Interested in joining my mastermind, you should Book A Call: https://www.discountpropertyinvestor.com/coaching-application

5

0

1-23 of 23

Public group

This group is designed to help both new & seasoned Investors connect, collaborate, and learn together Check out our free courses to get started!

Leaderboard (30-day)

powered by