Closed My First Deal!

I am very excited because I recently closed my first deal last week.



I netted $1000 and that is great to me for my first deal because I think I made every mistake in the book.



Thanks TCI for the advice given.



Nate
[addsig]

Comments(9)

  • SlyF2504th December, 2005

    Congrats!! So after taxes you net what...$600-$850 depending on how long you owned it lol. What kind of mistakes did you make?

  • Sham7184th December, 2005

    Wow nate,

    Congratulations..from when i spoke to you in email in the past i quickly got the impression you were a seasoned investor!! Good luck, on your continued success.. Speak to you soon...

  • mcole5th December, 2005

    Congratulations Nate!

    Now, just take your $1,000 and double it on your next deal so you make $2,000, then double it again to make $4,000. If you can do that 10 times, you’ll have made over a million dollars!

    : )

  • GoBelly9th December, 2005

    What does your house buyers survey en tail? Did you make it up or use someone elses? How could I get one?

  • paulsr12th December, 2005

    Excellent suggestion. Thanks mmark

  • jam20012th December, 2005

    I use National Tenant Network. I give a form to the potential renter, they fill it out, I fax it to NTN, they do the research, and send me a form back. Costs about $35.00 for a full report. Google them for their website...

  • d_random12th December, 2005

    I would suggest www.rentsafe.com. It has a seperate section for independant owners.

  • JRendell12th December, 2005

    I use saferent. I did have to submit information like you are saying, but they need it to verify you are not going to use information for wrongful purposes. Saferent gives you a rating according to the credit, background, and other various things. Then you can evaluate it from there using their "risk score" and your own judgement. Total cost for everything is $35.00 per adult. One thing that I learned to pass on to you. Make sure that you select a company that does backgrounds in your state. Rentsafe does not do backgrounds in California.

  • d_random14th December, 2005

    Good info. Thanks JRendell.

Add Comment

Login To Comment