Rehab Update

So , this property went on MLS last Friday night at $179,900 and we had a full price offer by the following afternoon.

Buyers are moving back to area and have their house in contract for sale. They want to move asap.

Here are the current terms we are looking for - Rent to own for 3 months or less with $40k down and the balance in cash once their other house closes. 3% towards closing if they close in 90 days or less, 1% if they close after 90 days.

We will be posting the final numbers once this deal has closed, but the rough numbers right now are purchase price of $83,000 and Rehab $25,000

Another one in Vacaville just finished and will be on market by tomorrow.

Cash Flow Depot Speakers - Ken Burge

Ken has more energy than an leprauchaun after 10 pints of Guinness!! Seriously, I don't think his brain stops - ever.

Fabulous presentation on amplifying one's presence in the social networking platform (as I am here at 2am tapping away!)

Just for fun, check out the "uberman's sleep schedule" - pretty radical.

Some great hints for outsourcing cheaply (www.odesk.com), free phone and voice mail (google voice), and free software to add visuals to your online conversations (www.jingproject.com)

He has also persuaded me to get an iphone - Thanks Ken as I have not had my blackberry for very long!

Ken is co-author of a book called "Twitter Power" which is available on Amazon.com

His presentation has revolutionized my perception around social media and how to make it work in business.

Check out his website at www.kenburge.com

Cashflow Depot Speakers - Gary Johnston

Gary Johnston is a full time investor from Idaho.

He had a great presentation which included some exercises around defining what success was for each individual, exploring belief patterns, environments etc.

He also had some examples of deals and various ways of structuring them and had us use financial calculators to come up with the differente ROIs etc.

Gary will be doing a 3 day workshop in Santa Clara at the end of this month which I plan on attending. Further info. can be found at www.GaryJohnstonSeminars.com (sign up for his newsletter also!)

Cash Flow Depot Speaker - Jim Ingersoll

Jim and his wife Cheryl live in Richmond, Virginia. Jim started out very aggressively doing wholesale deals and made alot of money very quickly.

He and his wife (and one of his daughters who is just 17) now do a combination of selling and keeping for long term rentals.

Jim describes himself as a wheeler-dealer (much like myself!)

Jim shared some great information on how to find motivated sellers, wholesale buyers and how a wholesale transaction works.

He also shared a couple of recent deals he did which was very helpful for everyone. His website can be found at www.cheaprichmondhomes.com

Cash Flow Depot Speaker - Danny & Ann Williams

Danny & his wife Ann (obviously not in this picture!) live in Fayetteville, GA

Danny used to work full time for Delta before making the transition to real estate full time. While he was working full time builing their RE portfolio, his wife Ann was the main breadwinner until such time as she could quit her job.

Great tips on goal setting, partnering ideas and more from these two. You can see their testimonial on cashflowdepot.com

Cash Flow Depot Speaker - JB Banning

I am fortunate to have JB as both a personal friend and mentor. JB is mainly a "paper" guy and lives in Hot Springs, Arkansas.

He has been a follower of some of the great teachers such as Jack Miller, Peter Fortunato, John Schaub, David Tilney and others for many years and frequently brainstorms with Peter on deals and scenarios.

JB shared both mindset and technical strategies that were helpful to him on his path to success - again, he was very forthcoming with some of the personal and business adversities he encountered along the way.

Cash Flow Depot Speakers - David & Kandace Phelps

David and Kandace Phelps live in Rockwall, Texas.

They shared their story with us, and provided some great advice and insight, in addition to sharing some of the adversities (both business and personal) that they encountered along the way.

Their website is www.sellerfinancesolutions.com

Weekend Happenings

Just came back from a 3 day event in Las Vegas put on by Jackie Lange of Cash Flow Depot. Excellent weekend with lots of great speakers, content and attendees.

Check out Jackie's website at http://www.cashflowdepot.com/ Met some of the people who give testimonials on website, and they have been following her training succesfully for years. For $97/year, you can have access to alot of training materials from some of the masters, including Jack Miller (his son, Chris, runs cashflowdepot with Jackie) Well worth the investment.

Finished Product in record time

Here is the final product (took pictures before microwave installed over stove)

Looks great - listing it tomorrow and having open house on Sunday.

Rehab Finishing Stages

Very excited that last stages of rehab are in progress. Hope to advertise it by Monday - not a bad turn around time - quite impressed myself!!

Pictures include master bathroom (new tiled floor, new window, refinished shower, sink and toilet)

Next are the new mirrored closet doors in the master bedroom (other bedrooms the same)

Third is new custom window in living room, and finally the installation of new kitchen cabinets and granite counter tops.

Final pictures on Monday!