$33,000 Profit Without Buying the House
Hello, I wanted to write this testimonial and review about CashflowDepot.com to adequately describe my personal experiences and views. My name is Arcinio and I am an emerging real estate investor. I have been involved in RE investing for approximately one year. At age 32, I have attempted many venues to make money fast and most importantly free up my time to spend more time doing the things I enjoy doing. Realistically,there are only a few things in this world that actually allow one the liberty and luxury to be financially independent without the burden of stressful,mundane work conditions.
For years I have spent lots money and time, on researching,gathering and putting together ways to become my own boss and be financially independent. I have stacked many hours in my week, miles on cars, meals purchased, hotels booked and useless things purchased for the sole purpose of finding a remedy to free myself from being a slave to Corporate America.
Having a job working 40 plus hours a week only lead to a very limited level of financial bliss. This includes the time when I found what I thought was a career job working for a University as a Director of Admissions making 80K a year. Even still, as a manager, I found myself working tons of hours and the income I was making was not worth the time it was taking from my family. So I rekindled my quest and searched once again for ways to have an income without sacrificing so much of my time. My wife dreaded the fact that I stayed up late throughout the night searching online only finding so called “get rich quick” sites. I tried and searched and read just about everything about how to make money from home. I even started to purchase things oversees and sell them online, only to find this was also very time consuming and not really worth the small profit.
Enter Jackie Lange and Cashflowdepot.com (CFD). I stumbled across Jackie when I was following a blog about Panama (my nativity). There the writer of the blog simply made one statement that got my attention…”Jackie operates a successful real estate business with quite a following”. I wanted to find who this Jackie was and what was she doing. So I simply started my search engine and found Jackie with her many other entrepreneurial sites. I must admit, at first I thought it was another vain babble. Then I started to read there views and testimonials about Jackie and CFD. Still, I wasn’t convinced.
Until I called Jackie one day, and she personally returned my call! Never in the many years of attempting to find what I was looking for has any CEO, owner, founder,pioneer or president actually called me. In all cases got an automated message or some employee that really couldn’t answer my questions. So when Jackie and I spoke, we spent some time chatting about beautiful Panama. Then I began asking her about what she was doing. She opened my eyes to RE investing and led me to CFD. As a member of CFD, I learned one very important lesson that changed my life… you don’t need tons of money (or any at all) to invest in real estate. I was always under the impression that an investor was one that made a seven figure income. Nonetheless, I was no where near ever becoming a successful investor. CFD has taught me the many, many ways to invest in real estate without using any of my own money! There are many testimonials and some of which you may question.
My testimony however, I feel is different only because for me I personally have tried and adapted the practices taught on CFD. I personal have spoken to Jackie as well as other members on CFD.
One of my greatest feats was getting an option on a house for 125K then selling it to a cash buyer for 160K! I simply did what Jackie taught in her book and yielded to the advice of other members on CFD. I never actually owned the house nor did I invest any large sum of money. I placed an ad for anyone wanting to get out of their house situation. A man called me and stated that he owed 8k on a his house and was going to walk away because he didn’t know what to do and was running out money. His house needed a lot of clean up and he was really stressed out about it. I told him I would help him with removing trash and basic clean up as long as we can agree on a selling price. We agreed and signed a contract, an easy and simple buy/sell contract stating that I would buy his house for 125K. Part of my contract stated that as long as I can find a buyer that would buy from me, the deal was on. Hence, I had no obligation whatsoever. After a few weeks of cleaning, I began to advertise the house. A three bedroom, two bath, 2100 sq ft in a very nice area where homes were selling for 200K was desirable for many people. I posted a highest bidder sale starting at 90K to sell to highest bidder as is.An investor/cash buyer called me and wanted to end the highest bidder if I sold to him for 160K cash. So I made a second contract between me and the cash buyer. He showed me proof of funds and we went to the title company!
The rest is history.
I only had about $300 of my own money in the whole deal to rent a trash bin to remove trash bin. In the end the owner was very happy sell his home and get at least 125K and the investor was very happy to get a house worth almost 200k for 160K and needing very little work. And of course, I was a happy camper. This would not have been possible if I hadn’t met Jackie and was introduced to CFD. CFD is source with a robust wealth of information needed for the RE investing business. Especially if one is starting off as I was. To date,I have learned so much about RE investing. Form options, to master leasing,mobile homes deals, creative deal making, flips, and so much more. CFD is the place to start. As a member, not only is it possible to get acquainted with other investors but you can also have access to a weekly training call which has been very, very advantageous. I recently learned how to duplicated myself and get more done in less time by outsourcing. I plan to take advantage of this technique and am sure to boost my profitably.
I personally wish to sincerely thank Jackie for her efforts in putting CFD together and being the go to person when it comes to RE. Knowing that there are real people that have truly put into practice everything CFD teaches confirms to me that CFD is a safe and trusted hub of information to gather the necessary things needed to be successful in real estate. Since my introduction to CFD, my life has changed for the better and I’ll be able to spend more time doing the things I want to do versus being a slave to Corporate America. CFD…Thank you once again for making a difference.
Jim came to CashFlowDepot with experience in two rehabs which he bought through a real estate agent listing. He had a burning desire to quit his engineer job within 1 year. Jim got daily coaching from Jackie Lange. She taught him how to find deals with a huge profit potential, how to wholesale, how to buy with seller financing, then sell with seller financing, how to do a Magic Bus, how to buy subject to the mortgage... and MUCH MORE. See the results of Jim's training with Jackie Lange and CashFlowDepot.com:
A bird dog helped me find a half occupied 32 unit apartment complex. It was 8 ranch style quads. The units that were occupied were very poorly managed and the vacant units were in major disrepair.
After several lengthy meetings with the owner we found he would not budge on his price at all so we worked the deal from the terms perspective. Ultimately we ended up paying his price for the apartment complex, we worked favorable seller financing terms in exchange for his price. We took it to contract with no earnest money and committed to close in 45 days.
We then began marketing it to our buyers list with wrap around seller financing. We quickly had three investors that all wanted this deal because of the seller financing we could offer. We selected the investor, educated them on the wrap around seller financing, etc. He was fine with the terms and we all closed on-time.
We closed simultaneously at our attorney’s office. At the end of closing we had money wired directly to our checking account. Each month we have a very positive monthly cashflow and we have our third payday still pending at the end of the balloon period.
This was a win-win transaction for everyone involved. The seller and our buyer both learned exactly how much our profit in the middle was and both of them were fine with it because they got what they wanted out of this deal. The buyer continues to aggressively work on renovating the remaining units and has successfully fixed the major property management problems he inherited with this deal. The apartment complex is in far better condition, with much better tenants now than on the day we closed on it. Our investor/buyer is in position to make way more profit than we did, and we are so happy for him.
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