a coincidence!
It’s funny how people are put into your life at the right time. I kept in touch with Kris partly because we were both familiar with the music industry but mostly because I wanted to learn real estate investing from him.
He told me, “Music is a rough business, so I got out and invested in a Real Estate instead”. That’s when I realized I did not only gain a friend in Kris – I actually gained my first true real estate investing mentor.
Back to the summer of 2009, I was putting some bandit signs in between my time off from studio.
BOOM!
I had a call from a motivated prospect. I didn’t know what to do but I knew someone who did – Kris Haskins. I then told him about the property, baths, location, bed, and asking price. He said it sounded interesting, so I set up for both of us to go out to the property.
There we were, and saw the motivated seller in front of the house. I got to see firsthand Kris talking and negotiating with the seller. And the next thing I knew, we had a contract to buy at the house $38,000. We also had to pay off liens and judgments which amounted to about $10,000. That meant we will be in the deal for $48,000.
I didn’t know values, but I knew $48,000 seemed a low price for a house. As a beginner, I didn’t have buyers’ list, but Kris knew someone who might be interested.
Couple of days later, we went to meet the guy at the property and he said he is taking it at our asking price of $60,500.
Wow! I just landed my first deal with a $12,500 profit!
And the rest, as they say, is history.
After that first deal, I was stoked and as a result, twenty something more landed on my table in my first year. I quickly developed my own “investing style” and my own systems so I can always have deals coming in consistently.
I had found a new passion and it definitely brought in bigger and fatter checks.
But don’t get me wrong.
I have never looked at myself as a guru. I don’t believe I’ll ever see myself as one.
I’m just an average guy who found his niche in the real estate business and made it a boom.
One thing I’m sure of though, is that I can show you how to pick up a check at closing – a BIG one.
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