Show Testimonials:
All •
Foreclosure Lists • Webinar for New Investors
• Strategy Sessions •
Professional Webinars • Mastering Homestudy
• Alexis' Lab •
Professional Lab • Professional Coaching
• Newsletter •
Alexis' Blog • Alexis' Books
• Support
Professional Lab
(56 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,
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
"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
"“I’m, up to five successful wins at the auctions! They are all “drop bids” as Sarah taught us. Here’s an example:
Published Bid: $340,487; Opening Bid: $252,000; My Winning Bid: $252,000.01; Repairs $18,000; Resale: $344,000; Profit: $31,000.
I am quickly flipping these deals, netting an average $30,000 - $40,000 profit on each…
Thanks to Sarah and her Auction Lab!”
"
Daryl White
Valencia,
CA
"Hi Alexis,
Here is my feedback from attending your 2 day Mastering Lab...
The most important thing you learned was putting together a team and how to qualify team members was important , and also the repairs necessary to get a house on the market was a real eye-opener, as well as some of the techniques for repairing the property. Since I'm so new at real-estate investing the entire class was important to me.
My favorite parts of the program were dinner with Daryl and the group and how to use your spreadsheet to get the numbers right will be a valuable tool. You have a lot to cover in 2 days and I would not change a thing. I'm looking forward to working with Daryl and closing some deals.
Thank you for everything!
"
Ron Eastveld
Las Vegas,
NV
"I purchased your mastering homestudy in 2005 and worked with pre-foreclosures for about 18 - 20 months and then started back at buying on the courthouse steps. I became a licensed real estate agent in 2007 - and started doing
flips in 2010.
I have since done about 35 - 40 deals and have made 7% - 15% margins on them($7,000 - $120,000) each. Currently have 3 properties in escrow and two more in the pipeline.
My long term goals are to have an income of $250k between rentals and flips!I want to be retired by 48 - 50 and start on some personal goals and philanthropy work too!
Thank you for everything!
"
Jeff Maihack
Elk Grove,
CA
"Hi Alexis,
I’ve done 3 REO properties this year with a profit of '$20K per deal. I have a partner who is also my agent. I’m the numbers guy (estimating repairs, what to offer, etc) and he takes care of coordinating all the rehab and he also lists the property. I give him 1/3 of the profit and he takes 1.5% on the resell. I’ve been making 15% profit but I’m going to bump that to a $30K min going forward. Still working full time in technology. Not sure when I'll leave. All is great!
"
Dave Peterson
Folsom,
CA
"Hi, Alexis and Sarah
I'm taking a break right now and plan on starting the auction buying again in January. Have a couple deals in escrow right now.... to update my figures I've raised $400,000 in private investor money and purchased 6 houses at the auction steps, netting me so far a total of about $105,000. Thanks for everything!
"
Aaron Nelson
Redding,
CA
"I have bought and sold my first auction property, using 2 outside investors to help me fund it.
The previous loan on it was $340,000, the published auction price was $240,000, the openning bid was $118,000 (51% below published amount!).
I paid $129,700, cleaned it up for $300 and sold it in 7 days for $165,000. My Profit $35,300!
I have been in real estate and construction many years and consider Sarah my mentor. She has taught me many new tricks & tips and has guided me to save a LOT of time from learning on my own.
Her Auction Lab has allowed me to change my business model to focus solely on high return trustee sale investing, and for me it has been money well spent.
"Sarah is my comet and I'm the dust following her across the real estate galaxy." Thank you for everything!
"
Jeff Johnson
West Sacramento,
CA
"I want to thank you and all your coaches who have been part of my education process. I just got my first preforeclosure deal. This will be a good one. It’s a 2030 sq. ft. 4 BR 2.5BA and I’m buying it for $302,500 and it will sell for around $475,000. I'm working with another Lab and coaching grad Dean Higa (introduced from my Coach Daryl). We’re budgeting $40,000 for remodel, giving us a $60,000+ profit. I raised the money for this deal from one of my investors, plus Dean. You've really created a wonderful network.
I always had a desire to learn how to buy low and sell high. When I heard about you and your buying formula I really had my doubts as to whether it was really possible to buy houses for 50 or 60 cents on the dollar. I wanted to believe it but all my friends said I was crazy to I just gave up.
I have really been slow in taking the kind of action that I’m taking now. Had I just listened to you in the very beginning, I would have been buying houses regularly a lot sooner. I’m doing exactly what you said to do in lab. I got this deal from knocking on the owner’s door.
I’ve been a real estate broker and or investor most of my adult life. When the apartment market crashed with the tax law of 1986 and I decided to turn my hobby of ballroom dancing into a business. I eventually built what was to become the largest ballroom dancing club and school in the U.S. I ran the business for 17 years.
In 2003 decided to get back into real estate brokerage and investing. I got my license again and basically have been brokering houses for a living ever since. I must say that after this deal, brokering for a living does not even appeal to me anymore. I’d much rather have 15% profit than a 2.5% commission.
Thanks again for everything you do...
"
Joe Metz
Union City,
CA
"I have been busy, bought two properties this year (both beach rentals in Surfside TX - a new market for me) and they are doing great thus far. When I get my cashflow from properties up to between $8k and $10k, I will quit my "real" job. that is the plan anyway."
Cary Honganen
Houston,
TX
"Just FYI, I spoke for an extended period with your securities based lender speaker in the Money Lab last Monday. He is exceptionally knowledgeable in his field, and I hope to do business with him. I’ve referred two of my clients to him also. Good connection, thank you!"
Jeff Johnson
West Sacramento,
CA
"The raising money class was eye opening the first day... Super job by both presenters (Sarah Garlick and Michal Ballard). Anyone who missed this class clearly missed the boat."
Jon Landers
Santa Clara,
CA
"Yes, raising private money lab was a great class. I was glad that I made the decision to attend. I met and talked with a number of wonderful new people and I learned a lot. I came home feeling energized. I just hope I can maintain that feeling on a daily basis just like Coach Sarah does.
After the class was over, I sat with Sarah and a few other classmates and I heard her say that every morning she wakes up and she says to herself "what am I going to buy today". Wow, what a mind set. I love it.
Her and Coach Michal give off such great energy. They have a passion for what they do. That is something that you can't script. It is just there. Very much looking forward to the Money Mastermind Meetings.
Thanks again for your continued support. It means a lot to me.
"
Michael Melovich
Crescent City,
CA
"What an interesting few months... I bought at the auction a little over 2 months ago and I have learned a LOT! Thank goodness I took your auction lab and mastermind group because this would never have worked without you!
I bought the house for 1 penny over at the auction using the bidder from the hard money lender, I actually went to auction to watch and met the bidder. Wow! So exciting.
I spent 3 weeks rehabbing the project with hired help and learned more about who to use for what job and how to find and negotiate with skilled workers. I was able to work out a lot of the kinks and streamline my rehab process. I also found I needed to stay on top of each job and let all the rehabbers know that I would be on site and very involved.
I also learned that Real Estate agents are not necessarily your friend in this business... My agent orginally listed the house at the high end of the comps, this made me a little uncomfortable but she convinced me that the house would sell. After a week I realized that she was trying to protect her commission because we had zero solid interest.
I directed the agent to drop the price and she was sort of difficult about it.. I noticed it wasn't changed on the MLS the next day. So I emailed her the directive and she changed it. I also asked her to raise the commission for the buyer agent and then we started getting phone calls. I got a ridiculous offer from an investor; all cash, but 14 grand under, we negotiated and we met in the middle on the price! That was fun!! I also bargained for a 2 week escrow which closes on Monday.
Well that is how my first deal went, thought you might enjoy hearing about it! I want to continue to learn and earn while investing in Real Estate! I owe so much to you, Sarah as well as Alexis and the rest of the crew! I never would have been able to achieve all this without you and your instruction.. I would have made so many mistakes and I am sure the results would not have been the same, because I would not have learned the tools I needed to solve the distractions that I ran into while doing my first deal!
Thank you So Much!"
Terri Pirillo
Aguanga,
CA
"As you know, I was looking for a deal in Berkeley, for a rental for our son at the university. I found a Pre-foreclosure and we are under contract. Worth $595K, buying $337K with $50K in repairs (35% below market purchase and repairs). Original TS was in June but extended until Aug. This long distance stuff is a bit tougher but is fun. I am also under contract on a REO with 4 rooms for $240k purchase, worth $400k and only needs carpet, 40% below market... another great deal. Thank you!!!"
Randy Mackintosh
Ontario,
CA
