Hello blog readers!
Jools here creating a blog of my adventures and progress in REI.(Oct.8th 20012)I am a success academy student and passed it with flying colors. I have not made one deal yet. I thought at first it doesn't work.
But, after reading some of other Deans books and watched his inspiring video blogs, I understand that the only thing that wasn't working, was me. Yes me. I thought about it and told myself, "If that student can do it, so can I!" I know that sounds funny but this is what my mind is saying.
It was fear, uncertainty, and negativity. Thanks to Deans books and his video blogs in the DG site,these tools help me get rid of most of what's stopping me. I mean, I really had to sit down and think, feel, and find the solution of myself doing REI or any other type of business. I'll give you short quick examples.
I was afraid of rejection, fear of failure dont have enough money, what other people may think, messing up with contracts and getting in trouble with the law, getting jipped by other investors,Thats just some of them. I even have coaching to call, and I was still stopping myself without even knowing it. The only way that helped me to overcome all these issues is yes, the knowladge is imporotant, but also, the seriousness of it and the commitment on just doing it and following up with what you are doing. Sometimes anger helps and sometimes fear of not having retirement in place helps. Bottom line, is I just had to do it, period! Of course Im scared, but one comment on the DG site I read said to do it with fear. I heard a good one in a show, How can you be brave without fear? Thats an awesome statement. So, I feel as I write this, I am more serious and focused. Now, this is what i've done so far.
I went back to my buyers list and I decided to update it. I say update because its been a while I contacted them. So what I did is I put a comment on the DG site and got some good answers from top investors. Thanks for the ones that helped me. You know who you are, I just dont remember their names right off hand. On one comment,she gave me a gohst ad of a property for sell to attract a buyer. I used that on upillar.com and backpage.com Here is the ad,
Price: 130,000
Repairs: 20,000
Arv: 200,000
3br, 2bth, 2 dr garage, Hw flrs,f/p, lots of trees, needs repairs but in great neigborhood.
In upillar.com I got only 4 views, no responses. In backpage.com no email responses. I place one on craigslist 2 weeks ago which says, Fixer upper! This is an REO and owner needs to sell. Needs repairs! Price: 35,000 repairs:15,000 Arv:95,000. I got 4 responses. I then emailed them back and made this one up. I told them that it went faster than I thought
its locked up on contract now. But, what I can do for you is I can get your criteria from you and tell me what you are looking for and when I find a deal that matches your criteria, I'll let you know. all four gave me their criteria. Here's one of them that I got in my inbox:
i am wanting distress property, or distressed sellers.
the worse the home the better. Mold, fire, foundation, and water damages are good for me.
wanting to be in good, safe, or strong redevelopment areas.
wanting to buy SFR, or smaller multi-family, or single family or multi-family lots.
i have cash, and can close quick. (have been investing full time in dallas for 12 years. I am always interested in owner financing deals if they make sense.
looking to make stronger than average profits. i dont want to invest $100k to make $10k. prefer to make at least 20% - 30% profit.
let me know if you have anything?
This is a real email I recieved from a cash buyer. I wanted to show this to everyone to at least maybe give someone reading this a boost to get going and take action!
RIght now I just put an ad on Linkedin.com that attracts sellers. Heres the ad Im using that I grabbed from the DG site.
"I buy houses! Any condition, Any situation! Contact me now!"
What I also did that might make it look more important or easier for the seller reading my ad, I went to webs.com There are other free website building sites out there. I just happen to use this one. I made a site for the seller to go to read some info and fill in an easy form. Here is the link so you can take a look at it.
www.sellform.webs.com All information filled in the form is submitted to my email.
Oh yeah, I forgot. On getting buyers on your list, a top Dg member commented to go to connectedinvestors.com
All you have to do is sign up and create your profile. I actually have 4 buyers on my friend list in this site. They are from other states, but hey,they are still cash buyers. There are helpful videos,tours, tutorals on how to navigate thru thier site. Easy stuff.
Okay, I am now going to palce more ads for sellers. I am going to find many sites and I will join my local real estate club. I will find a way to get a seller on my list and make that first deal! first, I will call my real estate agent to let him know I am back in business. I will put $1000.00 in escrow. And I will tell him what I am looking for in the MLS. Yup, I will be doing the 25 to 1 method. This is what I want to look for. Properties that have been in the market for 100 days or more. Has at least one price reduction, the property that needs repairs, has notes in the mls "must sell", "handyman special","fixer upper". And I will tell him if we can look in his expired list of properties for sell. This is what I will be doing. I will come back here and tell you what is going on and what results I am getting. Thanks for reading, and see you later.