I Kid You Not...This Really happened!!!

You go cbr, I love it when you post - it is just amazing.

Oh My gosh, that is t/ totally awesome. Good job cbr. Just goes to show you that this program of Deans is so exciting. I have learned so much and i am so glad that people like you teach. You go. Cindy.

I am speachless...really

congrats....come teach me ole wize one.

That is unreal!! Congratulations on your continued SUCCESS!
It just goes to show what a great time it is to buy and hold!
I got over 30 calls for the house we bought last month in just 4 days of advertising, and had to just stop answering my phone after that. I know we're both in the midwest but I imagine it must be almost nationwide.

Thank you for sharing!

Rina

My only regret is, the question I always ask myself. Am I running as hard as I can? Am I sleeping too much? Am I reading enough? How do I get more efficient? What else can I do? What else can I cut out of my schedule? I have to do more, somehow, someway, I have to get better and continue to change. The thinking I have today has gotten me to the point I am at today. If you add up all of the decisions I have made in the last 2 1/2 years they add up to what I have accomplished or have not accomplished. I have to get better and change. It is going to take better thinking if I am going to get to over 75 homes by the end of this year. I have to get better. I have change my thinking. I have to get to the next level. There is a real sense of urgency.

relax, damn your going to blow a gasket, my gosh, i mean, cmon' cbr, your doing great, phenominal, superb, your in this surreal fairy tail of sweetness and your like sweating the small stuff, chill out, you'll get your 75 homes, BELIEVE ME, your the man, you have to, you don't know how to fail, SULLY.

keep up the good work, you have accomplished alot. I like that about you. You always stay focused and accomplish your missions. I commend you.

Hey rina, I guess you were alittle overwhelmed with 30 calls.I would have unpluged my phone for about a week. LOL. reminds me of the 5,000 offer i made. OH my, anyway it paid off for you. Good work.

I just wanted to reiterate what CBR has said. There is a sense of urgency. Not panic, but urgency. Our window of opportunity won't be here long. For those new to REI this might look like business as usual, but if you study history, like Dean has been saying and cbr has stated, there has never been an opportunity like this, and may never be again in your lifetime! NOW is the time to have the courage to try! If you've been THINKING about it or are trying to get well-prepared to do it, well STOP that and and just DO IT! What better time to try and fail, when there is not as much to lose! I'm not saying you will fail, but each attempt puts you closer to success. You will never have a better opportunity or time such as this to GROW.

Good luck to all of you! Now get out there and do what you know you can do!!

Rina

Rina and i'm really happy for you cbr. Everyone keep up the good work!

Lloydsap

Just to clarify, obviously you want to keep learning more & more as you go. I was just feeling a little passionate about the DOING part this morning.
We don't want to learn "at a desk". We want "on-the-job" training, right? lol

Rina

I just closed on my first house - start rehab next week! I was planning on renting and getting another - but I realize that while the rent will cover the mortgage and rehab interest costs - I will no longer have any liquid money. So if I dont flip - how do I get the money to move onto the next house?
Congrats on what you've done! Its a real inspiration!
Laura

Congratulations on closing on your first house!
Have you taken all the equity out that you can? Will there be extra you can draw from after the rehab?
Also, be on the lookout for NMD situations such as seller/owner financing or even just financing the downpayment. This is where creative thinking comes in. There are probably more opportunities available to you than you realize. You've got a good head on your shoulders and have done GREAT so far. Keep thinking and looking, you'll be amazed at what you can do.

Rina

CBR,

I know what you mean, there are two houses that I would love to buy - and I have only been at this for over a week. Question is how did you do your financing? I have never owned a home and have good credit so on one home I can buy with 102% financing. The other home was offered to me way below market value with no down payment and owner financing. The only question is - can I buy the one house with no money down, then use the equity out of it to pay 10% down on another property - the only financing I could get with investment property is 7% and 10% down. I would have to cover the equity finance from this house with the rent net from the next one. Then take the equity out of that house, and so on and so on. I would definately have to get mortgages that were "unseasoned". How did you do your financing? Also, how have you been finding REO houses at such good deals? Most of the REO lenders in my area have sent their houses to realtors and its hard to find good deals. Thanks man, your a greta inspiration.......

Ben

Oh yeah! You're right - It will be worth more when done than now - so i could refinance and pull money out that way....and I do need to reread all those creative ways of owner financing etc....there is so much to learn - thanks!

Hey, one thing that I've learned in here is to ask questions, but always ask myself "What would I tell someone else if THEY asked that question (you know, one I'M thinking of)? Oftentimes I am surprised to realize that I have already absorbed the answer from the forums, and have applied it to my REI life. It's so COOL!
I am not at ALL saying to not ask questions. That is what the forums are for. But remember, everybody, to give back what YOU have learned. There are newbies on here every day, so to them you are brilliant! haha

I just love being able to grow together.

Rina