Student Success Stories

With every coaching session my husband and I have felt more fired up to get out there and start making offers! In fact, I do believe it was our 3rd coaching session that I felt compelled to blurt out the question to our coach “What if we see an opportunity in our own neighborhood?”  We were encouraged to do the math and see if this house next door would be a worthy investment. The house was over 120 days on market, and the owner was building a new home out of state, we knew he was desperate for a sale so, we shot him a below market offer and he accepted!  With a few minor improvements we expect to put this back on the market by end of January to reap a hearty profit!
 
While our heads were still reeling from our quick success of the first offer we get a call from our Realtor to hear that a second offer had been accepted as well!  A quaint starter home in a Hot Property neighborhood and the comparables are already $40-50K higher than our purchase price!  With a maximum improvement budget of $5K this house will also be back on the market within the month.  We feel confident that both of these opportunities are sound and we may profit as much as $100K in the next 60 days!

Jeff & Sheri L.
Carol Stream, IL

These examples are not typical (click here for Typical user experience survey data). Since any type of education has so many variables associated in defining success, it is impossible to accurately state what you may or may not expect to achieve other than a great education. Your success in applying the education you receive is dependent on a variety of factors including the time and effort you put into your studies, your willingness to take action and implement ideas based on what you learn, prevailing market conditions, target market selection, and the amount of hard work and effort you are willing to expend. Consequently, we do not and will not make any guarantee of success, income, or savings whether explicit or implied, and past customer testimonials are only examples of what could be obtained. There are risks associated with your decisions and this education, and past results do not represent any indication of future success or earnings. The typical student should not expect to make any amount of money from the education but should expect to receive a great education. Prosper customers agree to provide true and accurate information about their successes so we don't validate the accuracy of their claims. The written, audio and visual presentations displayed have been edited from their original versions. Some personal and private information has been removed in order to protect client and consultant privacy.

So, these are the houses that we have bid on: The first house we got is close to a popular University.  Listing price is $212,900 we put in the bid for $215,000.  In the contract we put in the seller pays $6,450 for the buyers closing costs and to pay for the one year AHS warranty.  We put down $500 for earnest money.  The appraisal comes in today that was done on Monday.  The CMAs on that is $275,000 and $289,000 and it was just appraised at $237,000.  We think we will be able to sell it for just under $300,000.  As I mentioned before this house closes the first week of January. 
 
The second house we bid for is in an upper middle class neighborhood.  The listing price was $399,000 we put the bid in for $410,000.  In the contract we put down the seller pays $12,300 towards buyers closing costs.  Seller to provide one year AHS Home Warranty to buyers.  Again, we put down $500 for earnest money.  The comps in the area range from $525,000 to $600,000.  The unfortunate part for us is that we lost the bid to a soldier that just came back from Iraq.  He wrote the owners a "sympathy letter" which was fortunate for him that the owners picked him over us (the heartless investors just trying to make a buck). 
 
As that door closed another opened up.  Our third bid in another upper middle class neighborhood.  This neighborhood it is hard to get comps for because NO ONE leaves.  However, a smaller house in the same neighborhood with a smaller lot without the extra amenities is on the market for $475,000.  It is behind the best school in Virginia beach, everyone who lives there is retired military and once in no one sells.  So, we found this house on 1/2 an acre, with an in ground pool, koi pond, 4 season room with a Jacuzzi, lots of open space.  The selling price is $390,000, our bid is for $438,000.  In the contract we put down the seller pays $13,000 towards buyers closing costs and to provide a one year AHS with an addendum and contingencies.

The last thing I wanted to mention is networking how it really works.  Lisa and I went to this place called Home-A-Rama which is a new development that is open to the public for a fee.  There are about 20 different houses that you can look thru.  Most people go thru the homes to get ideas on decorating and some actually buy the house.  This year the homes ranged from $250,000 to $600,000.  Vendors who worked on the homes have a kiosk or a spot for people who wish to purchase their product or ask questions.  For us it was to look at the homes and network with loan officers and get information on hard money lending. 

A few weeks later we get a call from the same company but a different guy.  Jason is not only a loan broker but an investor as well.  I briefly talk to him and tell him that I need to speak to my partners.  Well, I am excited at this point.  We finally found someone who will take us by the hand and tell us what we are doing wrong and will help us.  I talk to Lisa (Ayanna was away on business) and we make an appointment with him.  Ayanna's first day back and I go and see him and have Lisa on conference call.  So, he physically shows us his most recent transactions and tells us how he does it.  Both Ayanna and my eyes lit up--to see $30,000 on one deal and $40,000 on another. 

So, we have a few more meetings with him.  It is a win-win situation for all of us.  He gets our business and we get the help that we need.  So, one of us was able to get not only one loan but two thru his creative financing while the other 2 are working to get our credit scores up for another loan or 2, 3, or 4.  Jason has also introduced us to his realtor Holly who has been phenomenal in finding these great deals for us.  As a business we have $653,000 of contracts on the line.  This has only been in the last month or month in a half since we met Jason and Holly and it has only been 3 weeks since we have started putting these offers in.
 
Jeanine, Lisa, & Ayanna B.
Norfolk, VA

These examples are not typical (click here for Typical user experience survey data). Since any type of education has so many variables associated in defining success, it is impossible to accurately state what you may or may not expect to achieve other than a great education. Your success in applying the education you receive is dependent on a variety of factors including the time and effort you put into your studies, your willingness to take action and implement ideas based on what you learn, prevailing market conditions, target market selection, and the amount of hard work and effort you are willing to expend. Consequently, we do not and will not make any guarantee of success, income, or savings whether explicit or implied, and past customer testimonials are only examples of what could be obtained. There are risks associated with your decisions and this education, and past results do not represent any indication of future success or earnings. The typical student should not expect to make any amount of money from the education but should expect to receive a great education. Prosper customers agree to provide true and accurate information about their successes so we don't validate the accuracy of their claims. The written, audio and visual presentations displayed have been edited from their original versions. Some personal and private information has been removed in order to protect client and consultant privacy.

Gerald and I started with Prosper in October, and we will be one third of the way to our goal to be out of debit.  We have had a rough time for a few years, but we are now on our way to success.
 
We plan to be completely out of debit in 5 to 6 years.  We bought our 1st home in January, for $133,000 and plan on sell the home for $160,000 with a profit of 27,000 dollars.  We are planing on selling the home before our first payment is due.  We would not have been able to do this with out all the support and help from our coach and everyone else with Prosper.
 
We are learning how to save on our taxes and how to run a small business at home.  We want to make this a family business so our kids and grand kids can have a better chance in life.
 
We still have a lot to learn but we have the support there for us 24/7. We will get better as we grow with our company and with Prosper. We thank GOD everyday for sending Prosper.Com to us. We are now on the road to success for all time.
 
Nancy & Gerald I.
Colorado Springs, CO

These examples are not typical (click here for Typical user experience survey data). Since any type of education has so many variables associated in defining success, it is impossible to accurately state what you may or may not expect to achieve other than a great education. Your success in applying the education you receive is dependent on a variety of factors including the time and effort you put into your studies, your willingness to take action and implement ideas based on what you learn, prevailing market conditions, target market selection, and the amount of hard work and effort you are willing to expend. Consequently, we do not and will not make any guarantee of success, income, or savings whether explicit or implied, and past customer testimonials are only examples of what could be obtained. There are risks associated with your decisions and this education, and past results do not represent any indication of future success or earnings. The typical student should not expect to make any amount of money from the education but should expect to receive a great education. Prosper customers agree to provide true and accurate information about their successes so we don't validate the accuracy of their claims. The written, audio and visual presentations displayed have been edited from their original versions. Some personal and private information has been removed in order to protect client and consultant privacy.

Here's how the negotiations went: The seller was very firm on the price because of all the fix-up work that they did.  The house appraises at $125,000, is a 3 bedroom 2 full bath home built in 1954, but has a complete new kitchen with new cabinets counter tops and tiled floor.  Both of the bathrooms have been remodeled, and also comes with all appliances.  The last renter just moved out and was paying $925 per month in rent.
 
When we first talked he wanted to lease option for $1000 option fee, and payments of $1,050 per month.  I thought about it, and came back with a counter offer to buy the property for the full price instead if he would be flexible on the terms, since he was very firm on the price.  He agreed to except $3000 down with a seller wrap around mortgage to cover the remainder of the price at 7.125 % interest, 30 years to make payments at $801.73 per month, and a payout at the end for the remaining balance in two years.  I told him that the $3000 would cover any money that he would get from lease optioning it, and that I would still have a positive cash flow
of about $100 per month if I was to rent it.
 
He went to his lawyer, and was told that the deal was too risky if I wasn't going to make payments, then they would have to face foreclosure, so they came back with a counter offer using the same numbers, only binding it into a lease option for two years instead of a sales contract.
 
My plan is to Lease Option it back out for a $3000 option fee to be applied to the down payment in one year.  The rent will be at $895 per month with a $100 per month charge for the option going towards the down payment.  I will then sell the option in one year for $135,000 instead of two years while still receiving $194 per month in rent and option payments.  Total profits will be $2,328 from rent and option payments, and $10,000 from the option sale at the end of one year of $12,328 minus $4,200 option payments made by new tenant for a total profit of $8,128 minus closing costs at the end.
 
Kenny I.
Louisville, KY

These examples are not typical (click here for Typical user experience survey data). Since any type of education has so many variables associated in defining success, it is impossible to accurately state what you may or may not expect to achieve other than a great education. Your success in applying the education you receive is dependent on a variety of factors including the time and effort you put into your studies, your willingness to take action and implement ideas based on what you learn, prevailing market conditions, target market selection, and the amount of hard work and effort you are willing to expend. Consequently, we do not and will not make any guarantee of success, income, or savings whether explicit or implied, and past customer testimonials are only examples of what could be obtained. There are risks associated with your decisions and this education, and past results do not represent any indication of future success or earnings. The typical student should not expect to make any amount of money from the education but should expect to receive a great education. Prosper customers agree to provide true and accurate information about their successes so we don't validate the accuracy of their claims. The written, audio and visual presentations displayed have been edited from their original versions. Some personal and private information has been removed in order to protect client and consultant privacy.

After a nightmare time with my first mortgage consultant I was able to get a great 100% loan and ultimately close on my first property two days later with closing costs of around $900.

I have taken the first tow months to clean up the house, paint, put in a lawn, and ultimately get it ready for renters. Total costs put in to prepare were under $1500 and I am happy to say that the renters move in the first week of May. I got my asking rent price which will cover my entire mortgage.

Wanted to thank you again for helping to light the fire and for your assistance with my first purchase. Hope to tell you about plenty more in the future.

Zach L.
Parker, CO

These examples are not typical (click here for Typical user experience survey data). Since any type of education has so many variables associated in defining success, it is impossible to accurately state what you may or may not expect to achieve other than a great education. Your success in applying the education you receive is dependent on a variety of factors including the time and effort you put into your studies, your willingness to take action and implement ideas based on what you learn, prevailing market conditions, target market selection, and the amount of hard work and effort you are willing to expend. Consequently, we do not and will not make any guarantee of success, income, or savings whether explicit or implied, and past customer testimonials are only examples of what could be obtained. There are risks associated with your decisions and this education, and past results do not represent any indication of future success or earnings. The typical student should not expect to make any amount of money from the education but should expect to receive a great education. Prosper customers agree to provide true and accurate information about their successes so we don't validate the accuracy of their claims. The written, audio and visual presentations displayed have been edited from their original versions. Some personal and private information has been removed in order to protect client and consultant privacy.

My dad and I purchased a condo (2BD 1BA) near my house for about $80,000 - $90,000 below market value.  It was very disgusting and hard to imagine anyone could live in it.  My dad came to me and asked if I would be interested in purchasing it with him and I told him I was extremely interested.  The owner was asking $300,000 but my dad was going to start of by offering him $285,000.  I talked with my dad and told him he should offer even less because it is better to start lower then work up high than to start off high and work it up even higher.  I thought that considering the shape it was in $275,000 was more reasonable.  So, my dad met with the seller and offered him $270,000 and the seller countered with $280,000 then my dad countered with $275,000 and he took the offer.  I was and still am very excited about the deal. 

The seller was told by the agent that if he wanted more money for it she could still put it on the MLS and he could get up to $300,000 but he refused because he didn't want to have a bunch of people looking at his home.  Escrow closed on the 26th of January, one day later and the bank would of had it.  It has come along way in only a month and it has been such a learning experience already.  All of my friends thought and probably still do think I am nuts for buying something as nasty as I have, but it has already come a long way.  It is financed in my name as owner occupied in order to get the better interest rate but my dad owns 75% and I own 25%.  We are going to get it fixed up then rent it for at least a year because sometime within the year the HOA is suppose to repaint the condos, which will hopefully only increase the value even more. The income from the rent will just about cover the mortgage and the HOA Fees, so it will cost my dad and I very little each month when it is rented.

I just wanted to thank you for all that you have taught me.  I know that I haven't taken advantage of the program as much as I would have liked to with my fiancé’s father getting cancer and then passing away but being able to talk to someone who does it for a living like you makes the program all worth while.  As much as I like to read real estate investing booking, being able to talk to someone who does it for a living and to actually go through the experience is so much more exciting.  I hope to have an offer for you to approve in another month when I purchase a property in Texas.

Amber H.
Fullerton, CA

These examples are not typical (click here for Typical user experience survey data). Since any type of education has so many variables associated in defining success, it is impossible to accurately state what you may or may not expect to achieve other than a great education. Your success in applying the education you receive is dependent on a variety of factors including the time and effort you put into your studies, your willingness to take action and implement ideas based on what you learn, prevailing market conditions, target market selection, and the amount of hard work and effort you are willing to expend. Consequently, we do not and will not make any guarantee of success, income, or savings whether explicit or implied, and past customer testimonials are only examples of what could be obtained. There are risks associated with your decisions and this education, and past results do not represent any indication of future success or earnings. The typical student should not expect to make any amount of money from the education but should expect to receive a great education. Prosper customers agree to provide true and accurate information about their successes so we don't validate the accuracy of their claims. The written, audio and visual presentations displayed have been edited from their original versions. Some personal and private information has been removed in order to protect client and consultant privacy.

In the two months that I have been involved with Prosper, I have learned a wealth of information, and am well on my way to building a portfolio.  I have looked at dozens of properties and have made 8 offers on properties ranging from 2 bed 1 bath houses to 4 bed 2 bath houses.  Some have been rejected out of hand, and others have come close to being accepted. If nothing else, I have learned that in order to get a good deal, you have to make a lot of offers, the training materials say to expect one deal out of 12 or 13 offers.

My latest offer is a 3 bed 2 bath home that has a large office/den that only needs a closet to become a 4th bed.  The owner was asking $250,000 and told me he would be willing to replace the washer /dryer and the stove if someone would purchase his house.  The appliances are in good shape but are "used".  The only other problem with the house is that it has limited street access on a busy street.

I offered $230,000 with the appliance replacement, figuring I could put in a closet for little if anything, and contacted an asphalt company and found it would only cost about $1,000 to turn the driveway into a "u" shaped driveway, vastly improving access to the property.  I have a 2 bed one bath house within 1.5 miles of this home and it was recently appraised at $230,000, so I figure my offer was pretty good.

While we were in our coaching sesion tonight he counter offered $232,000 with a $2,000 allowance for new appliances.  I am going to get back to him and offer $230,000 and drop the appliance replacement.  I am pretty sure that this deal is going to get closed on pretty quickly, as we are not far apart.  Similar homes in the area, (4 bed 2 bath) approx 1300 square feet, have recently sold in the $260,000 to $270,000 range.  Even if I put $5,000 into the house I stand to look at about a $30,000 proffit.  That is not too bad of return for 10 to 15 hours a week for two months

Well, gotta go make that counter-counter offer, keep your fingers crossed for me, and next week I'll let you know what happened.
 
Larry T.
Tukwila, WA

These examples are not typical (click here for Typical user experience survey data). Since any type of education has so many variables associated in defining success, it is impossible to accurately state what you may or may not expect to achieve other than a great education. Your success in applying the education you receive is dependent on a variety of factors including the time and effort you put into your studies, your willingness to take action and implement ideas based on what you learn, prevailing market conditions, target market selection, and the amount of hard work and effort you are willing to expend. Consequently, we do not and will not make any guarantee of success, income, or savings whether explicit or implied, and past customer testimonials are only examples of what could be obtained. There are risks associated with your decisions and this education, and past results do not represent any indication of future success or earnings. The typical student should not expect to make any amount of money from the education but should expect to receive a great education. Prosper customers agree to provide true and accurate information about their successes so we don't validate the accuracy of their claims. The written, audio and visual presentations displayed have been edited from their original versions. Some personal and private information has been removed in order to protect client and consultant privacy.

We got our first offer accepted this morning.  This is the bank-owned property that we went back and forth on, and finally have settled.  The final numbers are sale price of $91,400.  We believe the quick sale price is $121,000 and we'll make $10,000 based on our estimates on fix-up costs, etc.
 
We might try to sell it ourselves for a month and try to save the ~$7K.
 
Katie W.
Cedar Rapids, IA

These examples are not typical (click here for Typical user experience survey data). Since any type of education has so many variables associated in defining success, it is impossible to accurately state what you may or may not expect to achieve other than a great education. Your success in applying the education you receive is dependent on a variety of factors including the time and effort you put into your studies, your willingness to take action and implement ideas based on what you learn, prevailing market conditions, target market selection, and the amount of hard work and effort you are willing to expend. Consequently, we do not and will not make any guarantee of success, income, or savings whether explicit or implied, and past customer testimonials are only examples of what could be obtained. There are risks associated with your decisions and this education, and past results do not represent any indication of future success or earnings. The typical student should not expect to make any amount of money from the education but should expect to receive a great education. Prosper customers agree to provide true and accurate information about their successes so we don't validate the accuracy of their claims. The written, audio and visual presentations displayed have been edited from their original versions. Some personal and private information has been removed in order to protect client and consultant privacy.

We have a property under contract with a mobile on it for $120K. We will move the mobile and rent it out for $1200-$1500 per month.  This will pay for our mortgage on the land and we are moving our present home onto the new land.

After our new home is on the land the value will increase again. Real Estate Agent quoted $250K after a one car garage is built. Our current home has a $60K mortgage on it. We will have a rental, land, and home for under $200K.

Since we talked the bank is waffling on a mortgage deal because of the age of the trailer on the land. We may only be able to get a 10 year mortgage. We can still manage this, although it will be tighter.  I have had another interested investor within my family approach me since we talked. Another one with the financing ability.

Melanie B.
Edson, AB, Canada

These examples are not typical (click here for Typical user experience survey data). Since any type of education has so many variables associated in defining success, it is impossible to accurately state what you may or may not expect to achieve other than a great education. Your success in applying the education you receive is dependent on a variety of factors including the time and effort you put into your studies, your willingness to take action and implement ideas based on what you learn, prevailing market conditions, target market selection, and the amount of hard work and effort you are willing to expend. Consequently, we do not and will not make any guarantee of success, income, or savings whether explicit or implied, and past customer testimonials are only examples of what could be obtained. There are risks associated with your decisions and this education, and past results do not represent any indication of future success or earnings. The typical student should not expect to make any amount of money from the education but should expect to receive a great education. Prosper customers agree to provide true and accurate information about their successes so we don't validate the accuracy of their claims. The written, audio and visual presentations displayed have been edited from their original versions. Some personal and private information has been removed in order to protect client and consultant privacy.

Loretta and I just wanted to let you know how much you have helped us in the process of purchasing our first property after becoming students of Prosper.  The seller on this property didn’t seem to be very flexible in the beginning, however as you advised we included some negotiable items in the initial offer.  The sellers counter offer was not very pleasing to us, but our buyer’s agent with whom we did not sign a contract went to work for us and convinced the seller and his agent that our offer was solid.  We are closing this deal in just over a week with the end result being that we will use our existing townhouse as our first rental property with a $230.00 a month positive cash flow.

John & Loretta W.
Fogelsville, PA

These examples are not typical (click here for Typical user experience survey data). Since any type of education has so many variables associated in defining success, it is impossible to accurately state what you may or may not expect to achieve other than a great education. Your success in applying the education you receive is dependent on a variety of factors including the time and effort you put into your studies, your willingness to take action and implement ideas based on what you learn, prevailing market conditions, target market selection, and the amount of hard work and effort you are willing to expend. Consequently, we do not and will not make any guarantee of success, income, or savings whether explicit or implied, and past customer testimonials are only examples of what could be obtained. There are risks associated with your decisions and this education, and past results do not represent any indication of future success or earnings. The typical student should not expect to make any amount of money from the education but should expect to receive a great education. Prosper customers agree to provide true and accurate information about their successes so we don't validate the accuracy of their claims. The written, audio and visual presentations displayed have been edited from their original versions. Some personal and private information has been removed in order to protect client and consultant privacy.