A Happy Angela
"Aloha Bill, I don't know if you remember me but I asked you some advice on a Maui property - 6 unit hotel property! I am patiently awaiting my closing (April 4th). I am so excited...I just wanted to say thanks so much! This was really fun and I think I have finally found my calling (I am 41). It was scary doing this big deal for the first one but I had to go for it, because it sort of fell in my lap. Now I will look for some more! Thanks again!!!"
Angela Raymond, Los Angeles CA
Tiki Archambeau Writes Us TWICE
His first letter
My name is Tiki. I subscribed to
"Simple Man's Guide to Real Estate" about 4 ½ years ago
while I was living in Massachusetts. Since receiving your material
(and after lots of delaying for fear of the unknown), I ended up
purchasing a "fixer upper" in Lowell, MA and sold it for $40,000
profit after owning it for only 15 months. I got out of MA and
moved to Vermont where I dedicated the funds to a nice duplex in
Burlington where I live now with my fiancé. We bought this
place under market value (AKA instant equity), with enough cash at
closing to show we were "serious", have tenants who pay our
mortgage, and were able to take a trip around the
country.
I place a lot of value on the
material I bought from you and have lugged it around the country
with me to keep my mind clear on real estate concepts. It has
inspired me to the point where I am now comfortable financially
with the will to build a "nest egg" of properties in order to gain
financial independence from the job. I thank you for opening the
doors to this exciting "new" hobby for me!"
Tiki Archambeau, Burlington VT
His second letter
Hi there! Tiki Archambeau here. I'm the one listed
first in your "Testimonials" section of your website. It has been a
while since I have contacted you guys so I am hoping you remember
me.
As to life in general, here's my latest update: I
now live in a modest single-family home only 5 blocks from the
heart of downtown. I own 2 other duplexes also close to downtown
and recently bought a 4-unit on Cape Cod (MA), bringing my total
number of apartment units to 8 - a very modest yet manageable
number.
In terms of assets, my current net worth in terms
of property market value is $1,280,000.
Our current home sits next door to one of our
duplexes. From the moment I bought that duplex, I started mowing
the greenbelt in front of my neighbor's home. This became
especially important as the new owner moved in as he did not own a
lawnmower. Before long, he was borrowing mine to do his small lawn.
We established a relationship in which I told him I'd be interested
in buying if he was selling. In a matter of a year - after he made
loads of renovations - he was having financial troubles and wanted
out quick. I was there to cushion his fall and allowed him to close
at his convenience for about $30,000 under market value.
Now I own two adjacent city lots only 5 blocks from
downtown. It is now possible for me to now look into developing new
condo units on the footprint of the two lots in this low-vacancy
city and walk away with the proceeds.
That's all for now. Hope all is well!
Tiki Archambeau Burlington VT
Master Sgt Sanders Writes Twice
His first letter
"Sir, I wanted to email you today to provide you some input on your program
and my last deals and to ask for any updates you have made since I purchased the program.
MSgt David Sanders, Indiana Air Guard "Hey Chuck and Bill,
wanted to give you guys an update from my last letter I sent a last
year.
Deal 3 in my previous letter
actually appraised at $66k NOT $39K!!! If your gonna miss calculate
your profits, it's always best to miss on the low side!
Deal 4 - purchased a 2bd/1ba
HUD repo for $23.5k, changed the locks, cleaned the place up a
little and had renters in within one week of closing. Cash Flowing
$150 + per month after expenses and debt service. Prior to closing,
it appraised for $50k even!!!!!
Currently working on
Deal 5 - probate home from
surviving children, 3bd/1ba house by small 2 yr college in town.
Last appraisal was for $48.5k, should get it for around $19 or
20k!
Deal 6 - Bank repo 3bd/1ba
home, valued at around $55k, negotiating and should complete
purchase in the low $20s
Deal 7 - Bank repo 3bd/1ba
home, valued at around $49k, again should come in for low
$20s.
I have also started a website for
our rental company and use it to move the houses we move to our
Tenant/Buyers.
Thanks for your great book and
information, if you have any updates for the CD please let me
know."
Dave
MSgt David Sanders,Indiana Air Guard
Deal 1 - Purchased a 98 yr old, 2 bdr /1 bth home, 1400 sq ft, with an unfinished
attic. Bought it in foreclosure for $22K, put an additional $20K in the property cosmetic updates and added an
additional 1200 sq ft in the attic with an extra full bathroom. Sold it for $79.9K !!! Not bad for 10 months of work
!!
Deal 2 - Purchased a 2900 sqft, 4 bd/3ba home on 3 acres for $105K, it appraised at
$148K at signing from an estate sale. Minor updates/cosmetics ($40K worth) and it just
appraised for $221K
Deal 3 - Small 700 sqft, 1 bd/1 ba with a fenced yard and full basement, just signed
the lease/option for $19K @ $170 per month (appraised at $28K) - a little remodeling and enclosing the front porch,
making the living room into an additional bedroom then finishing the basement into a rec room with a utility room in
the corner. Expecting the new appraisal to come in around $39K; and already having some interest in
the home."
His second letter
