ordinary opportunity that required Stephanie to color outside the lines and at times it disrupted her confidence as an investor. There were moments, days, and weeks of aggravation and frustration as everything ended up being a challenge. At the time Stephanie asked for my thoughts and support, we had known each other 10 years and she was addicted to the quick-turn wholesales, but she realized it was always going to be an endless tireless pursuit of hustling deals. When the profit is gone there isn’t anymore “mailbox money.” She confided in me that she was exhausted wholesaling and wished she had been acquiring cash-flowing assets during those 10 years. At 62 she had nothing
to sustain her future except her not-enough pension and the color copies of wholesale cashiers checks of the past. She was closing on three houses within 30 days that she just joint- venture renovated with respectful profit margins BUT... the hustle and grind wore her out. The challenges and struggle were real as the lot couldn’t be subdivided, but it was grandfathered in to allow two houses on the lot. There were multiple contractor issues, and it took longer than expected, but she had the deal under contract for $165,000. She put $100,000 into the rehab. The property appraised for $560,000 and today she receives $4,500 every month!
TODAY, STEPHANIE IS IN HOT PURSUIT OF HER NEXT HONEY HOLE THAT MAYBE SHEWILL FIND THROUGH THE TREES .
Tammy Phelps is known as “The Lady Boss of Real Estate.” She is an education- al speaker, coach, mentor, and founder of Capital City REIA, a Real Estate Investment Alliance in Maryland, D.C.,
and Virginia. The group’s focus is on the personal growth and business development of the real estate entrepreneur.
Secure Your Vacant Property DAWGS Steel Door & Window Guards provide safe and reliable access to your vacant properties Why Rehabbers, Real Estate Professionals choose DAWGS Security Solutions for Vacant Property: • No Break-ins - DAWGS door guards feature a true 6-point locking system, just like a bank vault. Resulting in faster turnaround times, plus on-time, on-budget projects. • Modular - DAWGS Door & Window Guards can secure openings of any shape and size. • No Lock Boxes or Key Management - DAWGS doors built-in 4 digit code eliminates the need to coordinate keys and lock boxes with realtors, contractors and tradesman. • No Stolen Tools and Materials - A secure property means contractors can leave tools and materials in the property. This reduces the time and the cost of the rehab. • No Safety Concerns - Once inside the property, DAWGS doors can be locked from the inside so realtors and contractors feel safe showing or working in a vacant property. Learn more about DAWGS www.dawgsinc.com | 877-88-DAWGS (32947) | firstname.lastname@example.org
thinkrealty . com | 13
Made with FlippingBook Online newsletter