We have been bombarded with calls and sent out all the info to our new found worker bees. That was 2 weeks ago and last Saturday, we met with 3 separate couples who presented us with approx. 98 properties!! These people had so much info for us, that we were in Wendy's for 4 hours reviewing individually all the vacant ugly homes, vacant FSBO's and occupied FSBO's! Yes, we did pay $$$$ for them but the rewards will be great! We have been working with the Coaching Program for 5 or 6 weeks now, and are just about to close our first deal. We stand to profit $10,000 to $15,000 and couldn't be happier. The Coaching Program is exactly what we needed and our coach has been excellent. He has been professional, informative, understanding, kind, patient, and we feel he really listens to us. We told him what we wanted to accomplish and he has been leading us in that direction, rather than trying to lead us into something we really weren't interested in. The Coaching Program has been greatly beneficial to us and we would recommend it to anyone. - Joe & Erica A.
All-in-all we feel we've gotten a pretty good deal because for around $5,000.00 we have a house with a $20,000.00 equity. - Jim & Debbie B.
I would like to take this time to review the first 4 months of our real estate investment business with you as our mentors. During the first 4 months we have closed one deal where we purchased a distressed property for $150,000 dollars cash. I borrowed $155,000 from a hard money lender and refinanced the property pulling out $24,000 cash from the refinance. This property later appraised for $265,000. I had an offer for $250,000 with $10,000 down and $5,000 every six months until the down payment reaches $25,000. I will make an additional $250 per month on the payments and $26,000 when the buyer refinances. My next property is a small condo that I have purchased with $4,000 down which also came from the first deal. I purchased this condo for $89,000 with interest only payments of $602 per month with a 10-year balloon. I have a prospective buyer for $105,000 with $4,000 down and $750 interest only monthly payments and a 7-year balloon. My net monthly income will be $148 per month and $16,000 when the buyer refinances. My current deal is a 4-plex in Las Vegas, Nevada that the owner wants to sell in order to consolidate investments. The property is valued at $195,000 and I have purchased it at $180,000 with interest only payments of $1,279 per month. The property is netting $1,250 but is due for a rent increase that will bring in another $150 per month. This will net me $120 per month. This 4-plex has averaged an 8% increase in value for the last 5 years. I plan on selling this property within the next 2 to 3 years and netting at least $20,000. I want to thank you for your help in making all of this happen. The first deal I did on my own I lost over $20,000 dollars cash. It took me over six months to even think of trying again. With your help I have earned over 10 times the cost of your service in less than 4 months. - John C.
Tax Sentry took the time to explain complicated tax rules in a way I could understand. I look forward to working with them more in the future, and I value them as a member of my team. This was one of the best investments I made... Right from the start I have been impressed with the customer service and technical tax advice that Tax Sentry provides. Through one-on-one consultations, I have been able to successfully create a strong foundation for my real estate investment company that includes long-term strategic planning. - T. E.
I am very pleased with my experience with Tax Sentry. They answered my questions promptly and accurately. I am confident in Tax Sentry's ability to guide me through the tax maze. - J. H.
By changing the way we structured some of our deals with your help, we brought in an extra $36,000 cash in 2 months on 4 houses that were sitting empty. Thanks!! Of course, we know that on these same four houses, the bulk of the income is in the monthly cash flow and the back end, but that front end on the down payments was a huge help. We did the math on these four houses and figured out that the back end, not including the monthly cash flow, will be an additional $87,000. We really appreciate learning some new ways to do things. We feel like if we stay on the path we are on, our business will grow significantly in the coming year. - Jay and Kathy K.
I wanted you to know that on Friday afternoon we made an offer on a bank foreclosure. We were the first offer in, so the bank had to deal with us first on Monday. There were six offers right behind us. The bank rejected our offer of $71,500 and countered at $76,000. We countered at $74,000 and we got it! The price of the property was $79,800, ARV should be $110,000 to $150,000 with repairs at $10,000. Steve, it looks like all the hard work and coaching is paying off. - Greg M.
In June I sold a house, simultaneous closing, to a nice family retail buyer (I thought) with lots of cash. I paid $24,500 for it, and sold it for $30,000 ($23,000 cash and $7,000 note). I got word from the Title Company that my note is being paid off because it's being closed on today! YAY! I discounted the note a smidgen for them when they asked, but I will profit $4,900 on that approximately 6 hours of effort. I'm happy! I think I'll call them to see if they want the one I have under contract for $18,000 for a mere $22,000 cash! Also, I still feel good about last week's closing sale. Got that one for $48,000. I had $25,000 of repairs, holding and selling costs, but sold it for $94,000 and so made net profit of $21,000. This was a joy to behold. - Debbie M.
I put a property under contract, and sold it two weeks later for a profit of $6,000. I never took title and I left enough room for my buyer to make a profit as well. Thanks for the inspiration and the knowledge to make this happen. I would also like to acknowledge the help provided by your coaching division. - Steve P.
We started doing some advertising and the houses just started to come. We got 13 deeded to us and 2 lease-options. Here is the re-cap of what we have done. We currently have 28 houses in inventory producing a net of 3,500 per month. Additionally, we are holding equity in excess of $430,000. Including the monies from lease-options and contract for Deeds, we more than tripled the income we made working regular jobs. Not too shabby for our first full year. Well, we are both just a little over 40 and we are definitely semi-retired. Also, my husband and I have had a ten-year dream, which we accomplished this year. We both love to kayak, and we wanted to own a getaway close to all the rivers we love. Well, we made that dream come true. We purchased our vacation home in N. Florida on a fenced acre and a half and better yet, we paid CASH!! The emotional support has been as valuable as the information we have learned from the calls. We will be closing on our next deal, which will net us $15,000. The best part is the buyers will do most of the repairs themselves. It is great to learn from people who are already successful. - Nebuko V. and JeTray R.
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