Success
Story
Ryan
Cerchiai
Austin,
Texas
Here is a success story that I received from one
of my coaching students last Monday. He sent links
to the pictures and allowed me to put them on my
site.
His name is Ryan Cerchiai and he lives in Austin,
Texas.
Joe,
I think you will be very happy to read my latest email.
The following images will give you a good idea as to why:
RYAN'S E-MAIL TO ME FROM
W E E K
SEVEN
(Of
the 26 Week Course)
Continued...
Week 7
More good than bad news to report on this week.
A lot more.
Shortly after returning to Austin from Orlando for Christmas
I called back a potential Seller with whom I'd been playing
phone tag for a couple of months. This was my last attempt.
As luck would have it, she was actually home and we talked
about her property. She and her husband had been renting
out the home and had their last renter had run out on them...
they just wanted out.
I went out to visit it and the place was a mess: It smelled
horrible, there was trash everywhere, holes in walls,
grungy bathrooms and the kitchen looked as if somebody had
taken a baseball bat to it.
Comps I had run placed the property to be worth about $90,000 in perfect condition, which this home was far from. The next day I was, again, out of town however I faxed them a Purchase Agreement on the home for $37,000, which they accepted on January 22.
I promptly called an ad I had seem in a local paper placed
by a contractor who purchases homes. We met at the home
and it was right up his alley (he purchases such distressed
properties and then "rehabs" them, selling them for a good
bit more).
I pulled the number $57,000 out of the air as my asking
price and he said he'd think about it. Driving back, he
called me on my cell phone and offered me $47,000 for the
property if we could sign an Assignment contract that day.
I accepted his offer and we signed on it only one week
after I had first seen the property. He brought the
paperwork to his title company, applied for financing and
let things move for about a week.
And all I did was wait.
On February 19 the deal closed and on the 21st I received
a check from the title company for $10,000!
I'm still in absolute awe about this but I cannot wait for
the next deal to come around. I must say that I have
never come into that much money at one time and never
with such a relatively small amount of work on that one
particular project.
Amazing!
Best & Thank You,
Ryan
Congratulations
Ryan!
Let's
do it again.
Your
Coach,
Joe
Crump
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