The Deal of a Lifetime...

The two properties featured in the videos below will likely go to other buyers bidding more. We have one outstanding bid on a great property, and we have 3 more bids on the way next week. It's a numbers game. So far, we have put in 6 bids since July...with 3 more on the way, that's 9.

Robert Kiyosaki's book, Real Estate Riches, teaches the 100:10:3:1 Rule. "If you look at 100 properties, put offers in on 10, and try to arrange financing for 3, you may end up buying 1. We have definitely looked at 100 deals or more, and by next week, we'll have put offers in on 9 properties. Let's see what happens!

Another great real estate investor says, "The Deal of A Lifetime Comes Once a Week." :) We believe that's true, so we'll see what deal the new week will bring. Keep you posted!

IPMs + iClub Tour Potential Investment Sunday 8/2

We are waiting to hear from the bank on this property in the 16th Street Heights neighborhood. They countered our original offer for $11,000 more, we submitted the paperwork to accept, then all of a sudden we were facing some competition from another buyer! That's the name of the game. We will not overpay for a property, so we will keep looking if we have to (actually, we're always looking).

Stay tuned for the latest news. Here's a video clip of the one we are currently negotiating (those are the tenants voices in the background...they are in the process of moving).

IPMs help iClub Search for Next Investment Property

CityDwellers' investment club, iClub, is in search of the next investment property to renovate. This week, we toured 10 properties. We placed offers on 5. iClub will not consider a property unless it believes it will make at least $100,000 or more. If you would like an IPM to help you or your investment group invest in real estate, contact us at ipm@citydwellers.us. Here is a video of one of our favorite prospects off the 16th Street Gold Coast:



$$$$$ REFERRALS PAID $$$$
IF YOU KNOW OF ANYONE IN NEED OF A QUICK SALE, FACING FORECLOSURE, AN ESTATE, OR WITH A PROPERTY IN NEED OF DIRE REPAIR E-MAIL iclub@citydwellers.us or contact through DCQuickSale.com

Case Study 1: H Street Corridor with $385,000 Equity

We will post Case Studies so our subscribers can see the type of opportunities we give our clients first hand:



This house was a fire damaged house a half-block north of H St, DC's hottest new corridor. The City broke ground this summer to construct a trolley/street car line on H Street from Union Station to RFK Stadium (to be completed Summer 2011). We kept this trolley project in mind as we made the offer on the property for $200,000.

The house sold in March 2009 for $585,000. That allowed for $385,000 equity to pay construction costs, loan fees, selling costs and carrying costs. Most investors would expect to walk away with at least $100,000 from a project like this. Here are the after pictures:

From Good to Great

After recently reading the business classic, Good to Great by Jim Collins, we decided to exploit our core business--our Investment Property Matchmakers (TM) division. The book says:

You must find the connection between these 3 concepts to become Great:

1. What you CAN be Best in the World At (this must be your core business)

2. What drives your Economic Engine (what action do you perform that has the greatest impact?)

3. What are you Deeply Passionate about?

For CityDwellers Real Estate (our Real Estate company), it is to continue to be an IPM. We believe that we are the best in Washington, DC at what we do (if not the world), helping investors drives our business, and we are deeply passionate about real estate investing.

We have done it all with real estate investing. We've purchased, sold, leased, furnished, renovated, flipped, wholesaled, advised, appraised, consulted, and the list goes on. Investing in real estate is our life, and we're the best at it. The only thing we hadn't done is start an investment group. Now we have our iClub, where we pool together money and resources to purchase, renovate, and sell properties. Membership is available to investors by application only. E-mail iclub@citydwellers.us for more info...

Welcome. Now, what is an IPM?

IPM stands for Investment Property Matchmaker (TM), and that's what we are! We chose to go with "I Love My IPM" because our clients love us! We play an essential role in helping our clients' LONELY INVESTMENT PORTFOLIOS find TRUE LOVE by finding properties that match their lifestyle and goals. Aahh... Love at first sight...