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Alexis' Lab
(604 Testimonials Found)
"Hi Alexis!
Here are the details of my Pre-Foreclcosure deal done after Lab. It was a "Text Book" example of what you teach!
I originally could not reach the Home Owner. I then used the Free search engines you suggest, and found his Mom in Northern CA who gave me his Cell number...I explained what I do and that I would like to meet to discuss his options etc..(He mentioned he had another investor coming later on which I said was "OK...It is good to talk to different people when figuring a solution etc"...) We talked a few more times and he finally told me about his situation.. (Job Loss, etc..) He then decided to go forward! We actually helped him move all his stuff to storage and to get situated in a new place...
The numbers...
Homeowner received $25,000, we took the loan "Subject-To"..(We used another lab mates escrow agent who was great!). We did the rehab (Cosmetic--Paint, New Tile, Fixtures etc...). We budgetted a $106,000 resale, but ended up selling it for $121,000! We made a net Profit of $36,000! We listed and sold in 3 Weeks!
Thanks for all of your help!
On to Next!"
Tim Erber
San Diego,
CA
"Hi Alexis!
I am really looking forward to coming back out to Sacramento for the Apartment Lab! I appreciate the fact that you and your team are looking out for my best interests. I can't think of one real estate investing company out there that would do that. Treating your clients with honesty and integrity is what keeps me coming back to learn more.
Thanks again!!
Warmest Regards,"
Lisa Carlson
Middleton,
WI
"Thank you again Alexis for all of your coaching over the years and many thanks also to Sarah, Daryl and Mike. We're getting houses and we're getting money!
Meeting Dean Higa through you guys was the best move I've made in many years. We just went in to contract on a duplex in San Bruno for $380,000. ARV is $600,000 and repairs around $50,000. Profit will be $90,000 on this one.
We're completing a SFR in Walnut Creek that we bought for $475,000 and hope to sell for $695,000 with $60,000 in repairs. Profit just over $100,000 on this one.
We're remodeling a house in Hayward that we bought for $215,000 and will resell for $365,000 with about $60,000 in repairs. $50,000+ profit on this one.
Another in Livermore that we bought for $375,000 and hope to sell for $510,000 with $35,000 in repairs. Over $75,000 profit on this one.
Another in Hayward that we're buying for $152,500 and hope to sell for about $300,000 with about $70,000 in repairs. $45,000 profit on this one.
These houses have all come from our agent contacts we developed like you taught us, in just one county. Now we've just started marketing to a nearby county agents too... so many more deals to follow (God willing).
Thank you for all of your support."
Joe Metz
Union City,
CA
"Hi Alexis:
I just love your inspirational messages and your "Get Up and Go, Betty" words of wisdom. Here in the San Joaquin Valley, things are really popping with lots of homes underwater (not too many with equity, but I am on those quickly) and I'm doing GREAT. I have closed on two deals and have three under contract (REO's).
My goal is at least one deal closed per month and I know that I can make it happen!
Have a fantastic day!"
Betty Wingfield
Lodi,
CA
"Hello Alexis,
I have been pretty busy since your lab. I am about 1 week away from closing my 4th deal since lab. I have also been able to get one more investment partner on board and we are signing final papers this week to bring them into my current partnership. Thanks for all your help and encouragement at the lab."
Alan Lehman
Carmel,
CA
"Recently signed an equity deal with a woman who had a temporary setback but otherwise could afford her payments. However, she was so sick of dealing with the bank and HOA that she opted to sell me the house rather than pursue a loan mod; was very thankful that I was able to give her an easy and clean way out! I am still finding equity and Pre-Foreclosures are my #1 system with 18 deals done to date at 55-60% of market value. All resale's easy, with multiple offers and sold within 30 days."
Andrew Cushman
La Miranda,
CA
"Alexis,
On the REO I ended up doing a dry double close and made $6800. The pre foreclosure deal I assigned for $10,000. So far this year I have assigned one deal that the owner was 2 weeks from the auction date. He got $20,000. I made $8500. Put one of my buyers together with a fellow wholesaler and made a $5000 fee. Assigned a pre foreclosure deal for $1600. I close tomorrow on a project I have been working on for 30 days now. I am really stepping out on this one. Turning a 930 Sq Ft brick ranch into a two story 3000 Sq. Ft house with a 3 car attached garage. The homeowner lived there since 1958. This little house is now surrounded by $800,000 to $1,000,000 properties, truly a diamond in the rough. Very low Days On Market and great schools! We are going to try and pre sell it. ARV is $800,000. Paid $255,000. Rehab/remodel/top pop $275,000. PM funded. 60/40 equity split PLUS my $3000 acquisition fee and a $10,000 managment fee paid at closing. I should make around $85,000 to $90,000 on this one. Looking to be on the market August 1st if we don't pre sell it. I have multiple offers out and working on REOs and short sales daily. Made 4 offers today. I use foreclosures.com lists every day. We still use the scripts and spreadsheet you supplied us at the lab. They are the best. We use the same basic stuff you taught us when we door knock or call.
So things are going good so far in 2012! Talk to you soon,"
Mike Mangum
Baltimore,
MD
"Got a great deal on a short sale. It was in escrow at $290k but fell out so I offered $260k and they took it. Approved and closed in only 56 days. We bought it right, just like you showed us. We put $36K in repairs and going on the market next week at $409k. Recent house 3 blocks away had 68 buyers and multiple offers. This will be the same. Will make $60k on this one.
Thanks for everything!"
Randy Mackintosh
Ontario,
CA
"Alexis,
I must say that your REO Mastermind and personal coaching
provided a very pinpointed explanation of what we need to do and why each step or detail is important to getting our REO offers accepted. Very concise information that is easy to understand and truly doable by anyone with a 6th grade education!
Thank you again for offering it."
Tom Hunt
Pasadena,
CA
"Hi Alexis,
Ok, I know I’ve complained about the cost of Sarah's lab and mastermind. But I just bought another trustee sale property today that will make me over $30,000 and banked $35,000 on the last one I did. So I guess you could say it was well worth it! :)"
Jeff Johnson
Sacramento,
CA
"Alexis,
I've been doing great here in Wisconsin buying and holding duplexes. Here's my update...
First Duplex, paid $124,900, worth $187,500, put $24,000 down, monthly cash flow was negative at first because I lived in one side and I pulled out money to purchase additional properties, now it's fully rented cash flowing nicely.
Since then I have purchased 8 more Duplexes. Each purchase was financed at a traditional bank. Here are the numbers:
2. Paid $137,500, worth $198,000, put $15,000 down, makes $350/mo
3. Paid $122,750, worth $185,600, put $15,000 down, makes $300/mo
4. Paid $145,000, worth $202,000, put $20,000 down, makes $450/mo
5. Paid $114,000, worth $157,000, put $15,000 down, makes $250/mo
6. Paid $123,900, worth $177,000, put $15,000 down, makes $200/mo
7. Paid $87,500, worth $130,000, put $10,000 down, makes $200/mo
8. Paid $148,000, worth $149,000, put $20,000 down, makes $100/mo (neighborhood is improving so this was a will be worth more after the revitalization project)
9. Paid $103,800, worth $115,000, put $15,000 down, makes $250/mo
Additionally, I have been receiving money from assignments on other foreclosure deals. I made approx. $110,000 in assignment fees and have used that money to buy additional duplexes.
That's all I can think of now. Thanks to you and Daryl for all your help. Hope you're doing well!!"
Lisa Carlsen
,
WI
"Last year I closed 42 flips and purchased 54. Currently got 19 deals in the process of eviction, rehab, or resell. My business has grown a lot. Thx.
I have started holding as well this year, I have my first one, and will keep the occasional sweet deal that cash flows really well. Not in hurry to pick up too many of them, still making good profits flipping."
John Aldea
Lincoln,
CA
"Here is some helpful feedback from one of the participants...
How did the mastermind group benefit you?
It forced me to focus on establishing tasks necessary to preview and start making REO offers. I thought the additional information on the questions list was very beneficial.
How did my personal meetings benefit you?
I liked the ability to address specific issues/questions outside of the group (including what may not have been covered). I use our time together when I am dealing with an important issue that comes up when making offers (and getting accepted and closing).
Would you recommend the mastermind program to other investors? If so, why?
Yes, I thought the cost / benefit relationship was good for getting you going and providing the often important accountability and ability to focus, instead of getting lost in the all the details related to the initial training."
Steve Kish
Belevue ,
WA
"Alexis,
I must say that your REO Mastermind and personal coaching provided a very pinpointed explanation of what we need to do and why each step or detail is important to getting our REO offers accepted. Very concise information that is easy to understand and truly doable by anyone with a 6th grade education!
Thank you again for offering it."
Tom Hunt
Pasadena,
CA
"Hi Alexis,
How are you doing? Hope all is well.
Just wanted to tell you that I attended one of Armondo Montelongo's sell the three day, then the coaching free seminar. I had no intention of buying anything. I go to any event like this to network with people that are there that look like they might have some $$$ or might need or have a property for sale in the future (fat chance!) I had to sit through 3 hours of "it is easy, just join our team, we have the money and the deals FOR you"! Just so I could hand out 6 or 7 cards. They were selling the three day course to people that you know can't do this business. Just selling them a dream. I might not use this type of event to network anymore. It was torture! It really makes me appreciate your honesty and the training you supply. Hope I can be of help to you in the future!
Talk to you soon!"
Michael Mangham
Lakewood,
CO
"Alexis, First, I want to thank you for the knowledge, experience and wisdom you share with us who are trying to find and use a better way to realize our dreams of a fuller life. You are truly an inspiration!
I have enjoyed being a member of the REO Mastermind Group. I think I have the most to learn of all those in the group...as their knowledge was noticeably greater than mine, but I gleaned much from being a participant. It helped me stoke the coals of the "fire in the belly" to become a successful Real Estate investor.
With no reservations I would highly recommend participating in your Mastermind program to anyone who seriously wants to succeed by investing in Real Estate.
Thanks again Alexis. I'm looking forward to keeping in touch with you as I find some deals to close."
Dennis Lott
Lehi,
UT
"my business, although a slow start, is doing better. 6 deals last year. REOs, short sales, rehabbing and wholesale. I am getting a lot of experience under my belt. 2012 will be a lot better. Projects are coming faster now. Thanks for all your help..."
Jan Caldwell
Winters ,
CA
"Dear Alexis and Daryl,
Here is the link to our first flip- the listing went up on Wednesday:
http://www.realtor.com/realestateandhomes-detail/117-Brandon-Pl_Benicia_CA_94510_M28264-39188
We offered the buyers agent a $1,000 bonus IF we have an accepted offer by 12/31/11 AND the deal closes prior to 2/28/11-which would cut my hold time 1.5 months from my spreadsheet- which puts about an extra $2k in my pocket.
We were in contract in 4 days for $5,000 more than asking!
We have been truly blessed by your training and the coaching program. Thank you for everything!
"
Russell & Cheryl Crooks
Vacaville,
CA
"Alexis, Just wanted to update you on how we are doing with our first apartment deal: we are currently set to close on July 21st! THANK YOU for setting up Michals lab and coaching program, I couldn't imagine
trying to complete this deal on my own, especially when it comes to raising all the funds to take the deal down (about $1 million cash). Mike has been incredibly committed to helping me get the deal closed and has
been there every step of the way, going so far as to bring in some of his own contacts as investors and doing conference calls during flight layovers instead of getting his lunch :-) Of course, with his help and guidance I was also able to connect and communicate well with some investors on my own. There is no way I could have come up with $1 million dollars cash on my own to close this deal, but thanks to Mike's help we will do just that! THANKS!! I'll update you again after close :-)
"
Andrew Cushman
La Mirada,
CA
"“Working with Sarah, I have invested using a self-directed IRA in 2 properties purchased at the auction since attending Auction Lab. Sarah is managing the properties from purchase, rehab and selling. She teaches exactly what she does. Learn her system and do what she says, it works!
If buying at the auctions is what you want to do, you won’t find a better teacher than Sarah. Her auction lab is a very open and transparent view into what it takes to make it as an auction investor. Whether you use your own money, or raise private money before you attend the sales – you will succeed following Sarah’s lead.”
"
Gary Minnich
Pleasanton,
CA
