I JUST CLOSED MY FIRST DEAL !!!!!!!

[Dwaun Elam]

I just closed on my first deal today!!! I can't believe I did it. I would like to thank all of investors on biggerpockets that helped me when I had questions. Picking up the check in the morning and then picking up my bandit signs. Gotta Keep it going. :D

[Chris Clothier]

Dwaun -

THAT IS ONE OF THE BEST POSTS I HAVE EVER READ! Way to go man - keep us informed as you keep going my man.

Best of luck!

Chris

[John Jackson]

It's that first one that makes you realize you can do it...now...rinse, repeat.

[Michelle M.]

Congratulations Dwaun, doesn't it feel great!

[Tim G.]

Congrats! Nice work! Thanks for sharing with us too!

[Greg P.]

Congratulations! Tell us about the deal please.

[Michael Quarles]

[Dwaun Elam]

I sent out some direct mail letters about a month ago and only one owner replied. Turns out he has two properties that he was looking to unload, both of these properties are historic homes in need of repairs one more than the other.

So I get the properties under contract run some comps and start marketing. I get alot of looks but know one bites Turns out as a newbie my comps weren't as accurate as I thought. So I go back and renegotiate the contracts with the seller and start marketing again.

A week later with more accurate comps I have a buyer he gives me a 2,000 dollar earnest money deposit signs the assignment clause and then...BANG!!! Title problems, seems the lot description was recorded improperly three different times during the last closing in 2008.

The deal was dead in the water because no title company would touch this thing. Then my prayers were answered and the owner found the original title insurance policy. So a week later the deal was back on and we closed today.

This has to be the greatest feeling in the world. I can't wait to do the next one. Thanks again to all those that helped me.

[John Forbes]

Congrats!!! when you get a chance please share the details.

[David Martin]

Congratulations!

Keep it up :)

[Danny R.]

Nicely done. Keep us posted :-)

[Carl Randal]

Congratulations Dwaun.....keep pushing forward!!!!

[James Martin]

Congratulations Dwaun!

[Joe Delia]

Congrats!!! Keep grinding!!!

[Dwaun Elam]

Picked up the check today!!!

[Mike Currie]

Congrats Man!

[Sharon Schroeder]

Congratulations! Nice to hear.. I am working on not my first deal but the first one in two years.. It's a total rehab.. Wish me luck

[Dwaun Elam]

Thanks again to everyone
@Sharon good luck with your rehab

[Philip Bourdon]

How wonderfully excited and satisfied you must be. Now, you are an inspiration to others to stay at it, think creatively and then win. You role here is forever changed. You are no longer a Newbie looking for advice; now you're someone with success and experience. Keep it up!

[Danny Day]

Congrats Dwaun!

[Brian K.]

Congrats Dwaun, yes keeping it going and don't let the road blocks get you down. :clap:

[James Vasquez]

Congrats...I just recently closed my first wholesale deal as well. Keep it going. San Antonio Homes for Sale?

[Dwaun Elam]

Congrats as well James

[Heir Jordan]

How did you get started & what education or program did you follow outside of this forum ?

[Dwaun Elam]

@Heir Jordan

One day I was browsing Youtube and somehow I came across a very attractive young lady named Steph Davis speaking about flipping properties. I must admit the I had to watch the videos a couple times because I didn't really grasp the content so to speak(I was kinda distracted). But anyway I just started watching videos From all the gurus' Steve Cook,Steph Davis, Marcell Umphrey Preston Ely, and some others. I also read a couple of books ordered a course off of ebay. And went out and made offers.I will probably pick up another course or two and keep the knowledge coming. Hope this helps.

[Mark D.]

Congrats Dwaun. Thanks for sharing the info in the last post as well. I'm just starting out and this thread is definitely an inspiration.