Posted over 10 years ago

My First Pay Check!

We Did It. My First Successful Deal!

I am in the process of removing all my blog entries to my privately hosted blog website.

I hope there will be questions and interaction as I am trying to help those that want to get started with investing.

Please refrain as much as you can from private messaging me and post on the blog so I don't have to answer the same questions several times. Any questions you do not feel like asking in public feel free to pvt message me.

Every time when I move a blog entry to my new site I will keep the entry summary here with a link to the full entry.

Summary:

I guess I didn't write this blog for nothing. It would have sucked it I want through all this effort, and believe me, it was effort, and I didn't get the happy ending I wanted. But I did. From beginning to end. Find out how I did it here.

Find More Here:

We Buy Houses In Connecticut

5 River Rd suite 305

Wilton CT 06897

Well it finally happened.

Got a deal under contract, found a buyer, closed it, and received my first check.

$14,000.-

Now just repeat I suppose...

Normal 1465419691 Img 20160608 124608 Small

Comments (6)

Congratulations! I have a total wholesaling newbie question - did you avoid a double closing by assigning the contract? Btw, I love that you offered to share your profits with the little old lady!

Wendy Forbes, over 10 years ago
1. Indeed. I started going through the procedure of double closing. But it was really complicated and all the fees started to creep in on me. I figured the buyer knows how much I am making, the seller knows (as I told her), and I just did an assignment fee.
  It was a tricky number to be at.
  if you make 5-10K do assignment. If you make 15+K Do a double close.
  But anywhere between 10 and 15K.. that area is in limbo. With all the fees of DC you make as much as a 10K assignment closing...
  so the lesson here.. make 15+K :D
  
  Jerryll Noorden, over 10 years ago
Why thank you. Although I am enjoying victory, all the money will go back into my business! I want to use this to get a bezillion more deals!!
:)

Jerryll Noorden, over 10 years ago
Congratulations on your first check! This is very inspiring, enjoy it!

Ayanda Bailey, over 10 years ago
1. I am an aspiring REI looking to start through wholesaling. At this very moment I'm trying to get as much information so I know where to start. If u don't mind me asking, do u who know any investor friendly attorneys especially that deals with double closing and assignments in the Fairfiled County. I'm having a hard time trying to find one. Thanks!
  Ayanda Bailey, over 10 years ago
  1. I replied to you in a PM :)
    
    Jerryll Noorden, over 10 years ago

My First Pay Check!

We Did It. My First Successful Deal!

Summary:

Related Posts

Comments (6)