I would like to thank everyone at PMI for their great support with my journey in real estate investing. I am very grateful for their guidance and great education that I have received.

Deal 1 - With the help from PMI, I learned to convert my property to a newly formed corporation and hire a property manager to handle the tasks with the home. I purchased at $98,000 and it now appraises at $150,000. I have enough equity in the home to delete private mortgage insurance and will cash flow $65 a month. PMI taught me to seriously organize my real estate investment business and manage the business with multiple tax advantages.

Deal 2 - I purchased some farmland on the edge of an extremely growing industrial city. I purchased 6 acres for $14,577 with no money down. The city is very happy to help rezone the land and we are dividing the lot into 4 new lots, which I will be able to sell at a minimum of $35,000 per lot, totaling $140,000 with a minimum net profit of $122,000. This is all no money down deal!

Deal 3 - I purchased a duplex from a very motivated seller. The tax assessed value was $136,600 but the seller agreed for a purchase price of $75,000. Total rent from the duplex is $1,275 and I pay my mortgage weekly instead of monthly to reduce the overall mortgage costs. After insurance and expenses, monthly cash flow is $550.

Deal 4 - I purchased a foreclosure property at $17,500 which is valued at $51,000. I was able to transfer my Roth IRA into a Self-Directed IRA to bypass tax penalties and purchase the property. I will lease out the same property possibly to the same people that foreclosed in the home at a reduced rate and expect cash flow of $350 a month with the exit strategy of selling in 12-24 months with a significant return.

Deal 5 - I have been going on many lovely ‘business trips’ lately. On my latest trip to Orlando I decided to take a look at a piece in the center of Disney. With the economy, I was able to negotiate a price with $8,500 equity at $22,000 with $2,000 down which I paid on my credit card. I was able to negotiate receiving 300,000 points which I will use for free rental cars, flights and hotels as the points renew every year.

My brain would never have thought this way had I not studied and learned about real estate through the great coaching at PMI.

Dawn L.

 

PMI helped motivate me to work with investors and to start the process of looking to purchase properties at the courthouse foreclosure sales. So far, with partnerships to help with financing, we have purchased 8 houses as rentals and sold one for a nice profit. The rental houses each have a $700 to $1,000 positive cash flow after paying PITI. This totals about $6,400 a month, which is $76,800 a year!

The housing market has heated up in San Diego County. When houses come on the market that are priced right, they get multiple offers; in one case that I called on, the house had received 70-90 offers. This is a good time to buy homes at the courthouse foreclosure sales. This is where I plan to work with PMI in looking for investments coming up. This is a great time to buy and sell houses.

Deal 1 - 1630 San Altos Place, Lemon Grove, CA 91945

I am Real Estate Broker and I found this deal in the MLS. I used a partner to help with the financing and to help with the down payment. We purchased this property as a fixer and we were hoping to sale the home for a profit or to rent. We purchased this house for $169,873 and sold it for $305,000. I put about $25,000 on the fix and sold it for about $305,000. Therefore with the fix cost and closing cost on both side of the transaction we had a profit of around $100,000.

Deal 2 – 630 Wabash Street, Escondido, CA 92026

I am Real Estate Broker and I found this deal on a MLS of REOs. I used a partner to help with the financing and to help with the down payment. We purchased this property as a fixer and we were planning to rent the home. We purchased this house for $150,000 and rented this house for $1,550 per month. Our payment with taxes, insurance and principle and interest at 5.5% is $680. Therefore the profit per month is approximately $870 a month

Deal 3 – 1930 Skyline Dr, San Diego, CA 91945

I am a Real Estate Broker and I found this deal on a bank web site of REOs. I used a partner to help with the financing and to help with the down payment. We purchase this property as a fixer and we were planning to rent the home. We purchased this house for $114,000 and rented this house for $1,500 a month. Our payment with taxes, insurance and principle and interest at 5.5% is $580. Therefore the profit per month is approximately $920 a month.

Deal 4 – 8255 Jamacha Rd, San Diego, CA 92114

I am a Real Estate Broker and I found this deal on a bank web site of REOs. I used a partner to help with the financing and to help with the down payment. We purchased this property as a fixer and we were hoping to sale the home for a profit or to rent. We purchased this house for $87,667 and rented it out for $1,575 a month. I put approximately $40,000 into the fix. I wanted to sell this one by my partner wants to hold and sell as the market improves down the road. Our payment with taxes, insurance and principle and interest is 5.5% is $465. Therefore the profit per month is $1,110 – not bad! I am happy now to hold this house and not sell because of the cash flow available.

Deal 5 – 432 E. El Norte Parkway, Escondido, CA 92026

I am a Real Estate Broker and I found this deal on a bank web site of REOs. I used a partner to help with the financing and to help with the down payment. We purchase this property as a fixer and we were planning to rent the home. We purchased this house for $129,325 and rented this house for $1,545 a month. Our payment with taxes, insurance and principle and interest at 5.5% is $655. Therefore the profit per month is approximately $890 a month.

Chris B.

I began working with PMI and have had great success with my real estate business. I went through the training material and found it invaluable. It covers pretty much every facet of Real Estate, and if I had any questions, I simply called the advisors. The Advisory Line is unbelievable! They are very knowledgeable and it is evident that they have actually done deals successfully.

On my first house I purchased, I decided to try a rent to own arrangement. I worked with the Advisory Line continually to make sure I had everything prepared properly. I also got excellent coaching on how to overcome objections with the buyers. Here’s how the numbers worked out for the deals I did:

Deal 1 - Purchased home for $67,000 (was listed at $85,000). I used the training to send out 10 offers a week at 70% of the asking price. It took about 2 months to get an acceptable counteroffer. Monthly payments including taxes and insurance are $717.

Deal 2 - I signed a lease option contract ($2,000 for option) with the buyers to buy the house at the end of 2 years for $87,000. Projected profit is $20,000. We set the monthly payments at $800 per month. Not great cash flow at $83 per month, but they are responsible for maintenance.

$1,992 Cash Flow
$20,000 over what I purchased the home for.
$21,992 Total Profit

Deal 3 - I purchased another house for $58,500, used the knowledge of the advisors to reduce this price from $77,000. I received an acceptable counter offer.

Deal 4 - I am currently renting it for $750 per month, while payments are $595 per month. Cash flow per month is $155. I have also discussed a lease option with him and he is working on repairing his credit and will sign a lease option in 6 months.

Deal 5 - I had a duplex that was doing ok, but I wanted to raise rents and increase the cash flow. I used the Advisory Line to evict a renter that was very slow to pay, and then used the training on rehab to do cosmetic work that was mostly labor. I was able to increase the rents because of the rehab and I am now cash flowing $192 per month. Total cash flow is $2,304. Not bad for a day’s work.

Deal 6 - I had a single family house that was cash flowing only $30 per month. The renters were terrible. They were very slow to pay. I used the Advisory Line to determine how to legally evict the tenants and then I set it up as a rent to own. It now cash flows $133 per month, or $1,596 per year.

$140,000 sale price of house
$110,000 amount I owe on house
$3,600 cash flow
$33,600 Total Profit

I have had a GREAT experience with the advisors and the on-line training. It truly has taken my business to the next level.