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(1552 Testimonials Found)
"Hi, Alexis..
Got my second deal at the auction, thanks to Sarah, her Auction Lab and her great Mastermind Group. I am on a roll..
*My winning bid was $95,200 (there were 6 other bidders)
*Private money financed with the money sitting in my bank account as it has been for the past month or so (same way I bought the first one)- actually on this one I only had $75,000 left of my private money so I threw in the other $20,000 of my own money to make it work at that price
*I got lucky and this one was vacant- had locks changed yesterday and put it on the MLS at 12:00 noon today without doing any rehab at all
*Put it on the MLS today at 12 noon for $124,000 'as-is' looking for investor buyer
*Got my first offer at 1:00pm today (one hour after on the market) for $125,000 from an investor wanting to buy another rental in that neighborhood. Several other agents have called me on this and are showing it this afternoon and some of them have cash buyer's, which is what I am looking for
*If I sell for $125,000 I estimate after all my expenses and my private money costs, etc. I should be in and out in 30 days and net profit of about $18,000 or $19,000.
I am choosing the quick and easy route on this one and just turn the money over quickly to keep the momentum up, and I would only make $5,000 to fix and carry, so this is the better way to go.
This is fun stuff!"
Aaron Nelson
Redding,
CA
"Thank you for keeping me on your email list. This is an excellent article.
I recently purchased a 2700 sq. ft. home in a beautiful, old neighborhood with a view of the hills for 140K.
The bank held the property for 2 years. It recently appraised at $225. Your course was INVALUABLE."
Trey
Sonora,
CA
"Alexis,
I've been busy doing flips and rehabs. Just did 2 quick flips for $10,000 and $20,000, plus I bought 2 more deals that I will rehab and sell in 90 days. I am using outside investors to fund all my deals and they love me. I have no shortage of finding investors or buyers. Here's why...
Just flipped a $100,000 contract, from a seller who after 20 years his tenant trashed the property, he simply wanted out. I flipped this contract in only 3 hours to one of my investors for $20,000 finders fee to me. Nice payday. She paid $120,000 total for the deal, spent $80,000 on the rehab and then put it on the market and quickly sold it for $310,000 - putting $80,000 in her bank. Everyone is happy.
Of course she can't wait for the next deal. Thank you for your help, I learned it all from your homestudy, strategy session webinars and then your hands on lab... each time I learned more. I love what I do and think of you often. Thank you for everything!"
Michael Mangham
Lakewood,
CO
"Daryl & Alexis,Saved another one :-) Got the loan reinstated and saved another house from foreclosure. This morning I have a very appreciative homeowner and another deal that's about to close :-) Thank you for your help yesterday!"
Andrew Cushman
La Mirada ,
CA
"Hi Alexis,The auction webinar call with Sarah was excellent. There was so much information presented, and done in a very clear, straightforward way - no hedging, no runaround, no painting it in a better light than it really is, no "pie in the sky." You both came across as eminently trustworthy and extremely knowledgeable. Of course, I know you are, but for a new listener, I'm sure it was very impressive.I have some questions for you but at another time. For now, thanks so much for yet another top-notch webinar."
Laurie Warner
Lancaster,
CA
"Alexis here are the details on my second auction buy... thanks to Sarah Garlick for her help!Loan Balance and Published Bid: $384,000
Lender Opening Bid: $290,000 (dropped 24%)
My Winning Bid: $300,900
Resale: $415,000
After Rehab, Net Profit: $52,000
"
Daryl White
Valencia,
CA
"Alexis,Thank you for the good Strategy Session last night. Great info. Coach Michal has been a great coach and currently working on a mulitifamily project with me. The single family home Michal helped me with has closed and is history with a little more than $100,000 profit in the bank. I had no personal funds in the deal.Blessings!"
Jeff McGrew
Sebastopol,
CA
"Hi Alexis,I am raising money and prospecting investors, and ready to bid. I don't have to tell you how much I love (Sarah's knowlege) and the auction Mastermind Group calls each week and the sharing with others of ideas and strategies. My auction buying success story is coming very soon. I feel confident I am ready with all the techniques I have learned from Sarah, it is great."
Jackie Barnett
Long Beach,
CA
"Hi AlexisI just have to say...again...how happy I am that Sarah rejoined your team as a Coach. I am learning so much from her.....and the auction mastermind group is fabulous. Besides our weekly calls, the group phones and emails one another throughout the week to help and encourage. You seem to surround yourself with the most positive, wonderful people."
Karen Kane
Cypress,
CA
"I bought my first property at auction today! It is a 3/2 and about 920 sq. ft with a 2 car garage, built in 1981. I bought it for $69,400, there were 2 other bidders qualified, but I was the only one who bid (to my surprise... since I expected to bid up to at least $73,000). It should sell pretty quickly for $107,500... with a $25,000+ net to me.I discovered tonight that the house is pretty much turn-key, and all I really need to do is put some sod in the front yard! Found out the people living there are tenants, and they are the parents of the owner who lost it. They have done a lot of upgrades to the house and really taken good care of it. I had budgeted to spend about $10,000 on repairs, but I will probably only have to spend $1000-2000!So excited, thank you Sarah and everyone for your encouragement!"
Aaron Nelson
Redding,
CA
"My last auction deal...Loan Balance: 1st: $328,000, 2nd: $71,300 (wiped out by 1st going to auction).
Published Bid: $333,712
Opening Bid: $241,500
My Winning Bid: $241,500.01
Resale: $285,000 (as is, buyer paid all costs)
Profit: $43,500I purchased this deal on 3/25/11 and when I met with the previous owner a few days later she gave told me about a person who was trying to buy it via short sale before it went to auction. I told her to give the guy my number and he contacted me the next day saying he really wanted the house. We negotiated an "as is" price that would still net me my minimum $40,000 profit. We opened escrow on 4/13 and we are scheduled to close on or before 5/11/11.Thanks to Sarah and her Auction Lab!"
Daryl White
Valencia,
CA
"Thank you, too, Alexis for the opportunity to be a Panelist in your Apartment Foreclosures webinar last night. You and Michal did a great job. Every time I listen to you guys I learn another nugget!"
Steve Moyer
Bend,
OR
"Alexis,I made a $100,000 hard money loan on a property bought at auction - the money will have been out for just like 30 days at 10% + 5 points = I made about $6,000 in 30 days that 72% annualized. :)"
Jeff Weiller
Sherman,
CT
"Hi Alexis
We've taken down two homes at auction so far and we continue to shop for a third. It took us three weeks of cautious work and sticking to our numbers (as taught to us by Sarah) and constantly getting outbid, sometimes by a lot, other times barely, before we finally bought two in one day.
Fix up is being completed on one today so we are listing it next week. The other will take a bit more effort as it has a few issues. I'll let you know how it turns out."
Steve Thinglum
Roseville,
CA
"Alexis,
The apartment business is cooking right along. I am actually going to back South in a week or two and I am under contract with Andrew Cushman on an apartment deal with him from Lab and Coaching. Things have been super great and can't wait to see where all this goes."
Dan Paluska
Salem,
OR
"Hi Alexis,
Just sold a REO I had purchased. Paid $249K, rehab $150K, Sold $555K for cash on a 10 day escrow and since they will use as a vacation home and live back east, we can use 2 weeks out of the year for our getaway. Buying it right makes all the difference.
Thanks for your teachings..."
Randy Mackintosh
Ontario,
CA
"Hi Alexis!
I wanted to give you an update as to how things are going in the foreclosure market in WI. Since I talked to you last, I have purchased 3 more foreclosure properties for rental. I am now up to 10 properties--only a few more to go until all my monthly expenses are covered by my rental income.
Rick has also been helping out. He is a state employee and will be losing $500 per month thanks to the WI's governor's budget repair bill. He hasn't had a raise in 10 years because the state employees gave up their raises in lieu of lower health care contributions. He never really helped out before and thought this was crazy. Now that he has been working with me, he sees the potential.
In addition to the properties I have purchased, I am still doing contract assignments--especially if the property needs a lot of work. I have done 12 assignments in the past few months for a total of $75,000. Remember--WI property values are much lower. I hope everything is going well for you!"
Lisa Carlsen
Middleton,
WI
"Alexis,We've been unbelievably busy. Just an hour ago I got off the phone with yet another homeowner who is ready to sell and be done after 22 months of loan mod limbo (followed by mod rejection). I also have an out-of-state owner that I helped get out of foreclosure last year. She is now 4 months behind again and just wants to unload the property. If this goes through it will be my 4th pre-foreclosure home deal this year. 2011 off to a good start!Plus, I literally just now received a signed and accepted LOI for a 92-unit apartment complex! Things are going to be crazy around here for awhile :-) I will give you more details soon!"
Andrew Cushman
La Mirada,
CA
"Sarah:Herb and I agree that the Mastermind Group Coaching name should be The Garlick Express (today we hear so much about the high speed rail system, its perfect). We like this name!Thank you so much for putting such a great group of investors together. You put so much into it and it shows, you are very organized and professional and we appreciate that. Great, great group. Thank you."
Lois and Herb Hansen
Clovis,
CA
"Hi Alexis,Your Strategy Session Call was the best one to date. I have already been in touch with your hard money lender and have been approved as a qualified borrower. Now the best part is that I have been informed by my employer that my job has been moved back to Michigan thinking I would need it so bad that I would move back to that cold, depressed state. To their surprise, I said no (of course) and they had no choice but to reward me with 28 weeks of severance pay. Now I was going to quit eventually when I turned at least 1 to 2 properties. I would have got nothing for that but this way I get paid to invest. How cool! Thanks for all your support and all you do for distressed property owners and investors."
Steve Soter
Redondo Beach,
CA
