Anomic's blog

So I put up about 40-50 bandit signs out during the weekends and take them down Monday morning. I did this for about a month. I got about 8 calls from this. The first call was from a local real estate investor looking to buy the houses I'm looking to wholesale. GREAT! I didn't know this at the time but we had met before at the local monthly real estate meetups. He is the host. A couple other phone calls were unmotivated, a few were over indebted and referred to a Short Sale Realtor. One week, a guy calls on a weekday from the ONE SINGLE SIGN I left up by accident.

No calls on my bandit signs on my first weekend of putting them out. :I

There's a funny story I want to share about the sign police.. During the week after the political campaigns I volunteered to stake signs all over for my candidates of choice and I also vowed to drove around town again to take them down.

Well, it was about 10am days after the election and I had a trunk load of filthy campaign signs in the back of my car. I handled them out, dropped them on the front door of my office to unlock the door and go inside.

A City resource gentleman walked out of the next door Subway, saw me, and came up to ask what I was doing.

I have been visiting the county courthouse steps several times now and met some very well versed investors/realtors. They all say the same thing when asking about what types of deals they're looking for:

"As long as it's a deal. 30k+ spread after repairs at least. Here, let me introduce you to ____." Their eyes light up after they hear what I'm wanting to do. One gentleman in the mix said he is small time, just himself as a fix and flip investor that always has his money tied up and down played himself saying I probably don't want to work with him...

Well, I never expected it to play out like this. Hopefully I blow the guys mind when I find a bank that that will do FMV refinancing.

All the comps I do, all of the tax information I dig up and prices and estimates and guess work from due diligence...How do I know what's missing?

I feel like what I'm doing now is practice for the "real deal" because I'm just winging it. ALl this time I'm putting into analyzing this deal I feel is great is nothing without raw numbers and a way of having it all sorted out neatly in some sort of spreadsheet to eventually pass on to an investor.

Hmm... Excel?
Note pad? eek. What I'm doing is done thousands of times a day. Must there be a template?

What to dooo what to do.

Zillow, redfin, googlemaps, tax assessment, $$ per square ft., comps, rents, this, that, parking, repairs, notes, tenants, phone #s.

I'm excited that I found some clubs to visit. Though they appear quite out of the ordinary. One visits bi-weekly at an IHOP at 4 in the afternoon?? I don't want pancakes that late, lol. I guess I envisioned a dozen people in suits at the fanciest hotel conference center.
Even my mentor at PMI said just print some business cards from office max stationary and simply put your name and contact info on them tear them out.

But I guess I'm still sweating the tiny things.
I understand I'm there to introduce myself. figure out what kidn of properties they're looking for. I've listened to Matt and Dean. I understand it. But...but..but...
OH TO HELL WITH IT I'M JUMPING IN. I'LL SKIP BREAKFAST AND EAT ALL THEM PANCAKES. ALL-YOU-CAN EAT SALE HERE I COME.

One month ago I was dialed up from Dean's "Last Chance" department with an offer for a year of coaching and PMI Coursework. It's really great. I am not at the end of the month for my coursework from them; though I haven't even called the 800# to introduce myself to the coaches!

And I haven't done many of the action items.

ARG.

But I have dedicated my lunchtime at work to the interactive videos.

I think my next step will be to CALL THE COACHES! Then make some business cards, schedule days off at work to attend some REI clubs nearby and start building a buyers list.