Proof That ForeclosureS.com is The Real Deal
While working full time, I signed the contract on my first house. It sold before it even hit the MLS! I was asking $265,000 and we sold it for $260,000. I have made approximately $75,000 on my first deal!!!
Our repairs ended up coming way under and I sold the house for much more than I expected and in a lot less time. While other houses sit on the market unsold, I followed your steps and I bought it well below market, signed a buyer and closed it in less than 90 days without a hitch!
I have been focusing on REO’s and owners with equity (yes they are still around!) Thank you for all your training and expertise. I’m loving this!
Update: Dawn is no longer practicing law, she is a full time mom with a 3rd baby. She has just completed her 11th deal working my system part time.
Dawn Connelly, FL
Lab & Coaching Graduate, Florida investor
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Things have been going great! We have had some really good deals that have been fun and exciting to work on! I am now working foreclosures full time with my mom.
Our goal initially this year was to do 12 but we just hit 11 and 15 really looks like what we will hit this year!
We have now done 4 flips we are getting really good at pricing. Here is the quick rundown.
Norma: Purchase: $150,000; Fix Up: $5,000; Sold in 4 days: $196,000; $30,000+ net profit.
Ward: Purchase: $119,000; Fix Up: $10,000; Sales Price: $160,000; $25,000 est. profit.
McKay (first deal): Purchase $125,000; Fix Up $35,000; Sold in 14 days: $189,000; $28,000+ profit.
Shipping: Purchase: $88,000; Fix Up: $10,000; Sales Price: $135,000; This house is a sweet deal. The lot is large enough to build another house on the back of it and the zoning allows us to do this. We have over $20,000 profit in it and can easily get $900 a month to start my rental empire!!
I cannot thank you enough for your awesome Lab and for Coach Tim! Your Lab was a life changing event for us. And Tim has been the best mentor we could have asked for. We enjoy our conversations with him immensely. He has truly become a great ally in our business. His ideas and the ways that he presents them are truly outstanding. We get so much accomplished and he is really planting some seeds in my head for where I want my business to transition to.
I thank you both from the bottom of my heart! I hope that you and graduates are doing great!
Dan Paluska, OR
Lab & Coaching Graduate
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Do it just like Alexis teaches it in Lab! In the beginning you will be tempted to do things different or leave things out, but that will slow you down and lead to more frustration. If you just follow her system exactly and stick with it – IT DOES WORK!
CURRENT UPDATE: 12 deals since Lab, 8 this year alone!
3 REO’s at 50%, 5 subject-to at 60% of resale (higher resale values).
1st REO sold in 1 week for full price, profit 20+ %.
Other 2 REOs ready to sell in 2 weeks. Sub-to closing this week, seller getting a little over $100,000. We will get our 15-20% profit as usual. Plan for remainder of year is to buy and hold rentals.
Since this business is constantly evolving, he just got the chance to “tune up” his business by retaking the Lab. So much has changed in the last 2 years of Lab. We focused on REO’s which got my last few deals!!!
Andrew Cushman, CA
Lab & Coaching Graduate
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I am a full time stay-at-home Dad and work part time foreclosure investor. I have a background in engineering and a SVP Operations Manager for 30 years. Claudia works full time has only been in the US for 5 years, from Brazil.
I saw an article in the USA Today about Alexis’ approach to foreclosures investing and I liked what I read. We came to a Free Webinar, ordered her home study and 3-Day Lab as we needed more hands on help to get this going, as well as Claudia needed to understand the whole approach.
We really wanted to get our first foreclosure deal so we can have both time with the family and financial independence in the future. We had four rental properties which we had purchased before meeting Alexis that did not have the financial upside we wanted.
We left the Lab with the tools, the confidence, the understanding in what we needed. We have since done two bank foreclosures which we are rehabbing presently. One we purchased for $76k and should sell for $145k. The second deal we purchased for $116k and will sell for $200k.
Words of Wisdom: Get around positive people who will influence you to succeed, like Alexis and her team of Coaches. The 3 days we spent in Lab forces you to use the methods Alexis teach. It will get you to the point of “doing” that I am sure we would not have reached on our own from home. Get to Lab ASAP there are a ton of deals out there, just one done right will pay you back many times over.
Michael & Claudia Gilles, CA
Lab & Coaching Graduate, PT investor, FT Dad
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foreclosures">Mastering foreclosures
Hans Anderson
Part One – Tips For Selling Your Own House Invest Your Money In Real Estate
