TO ALL THE NEWBIE'S THAT WANT TO SUCCEED

Thanks for the advice. AS stated I am trying to get this thru as my first deal. My action plan is to assign my first 10 deals or so to build a little "war chest" with which to invest. I have procured a realtor am working on building a buyers list. With no job no money and no credit I cannot attend REI club meetings (no cash), subscribe to pay web sites, or purchase bandit signs. But I am moving forward thru other means,, would love to have a coaches advice, once I do a couple of deals maybe I will be able to afford the success academy. In the meantime, thanks for sharing your experience with the rest of us.

That's what this is all about. GIVING back.

Randy

This is something that I always do is tell the truth. And just by you sharing what you did shows hoe far it goes. Keep putting it together and great things are around the corner.

randy

She has done that and they are close to what total view say's they they are.
do you use total view only or do you use your agents comps also,sorry to ask such trivial questions but i need to here it from someone that has been were i am.
And it seems just by posting my fears im getting over them and of course with the reply's im getting from the people that have succeeded like your self.i have been in the academy for 15 months no deals yet due to my own fault, but this time im in the SFL and i know ill make this work i want this so bad but, some how i still feel fear of failure.So that's why i need to hear great stuff from great people who have done this recently and who have been in my situation.

Thank You so much
Bob & Sandy

Yes I do use it. But when it comes close to doing a deal i always get true comps.

Randy

Randy,

You are definitely inspiring and obviously know "where we newbies are" at this stage of our REI careers. As usual; you are short and to the point (no other way to be)!

After "failing" (not following through) with Dean's Think A Little Different course a couple of years ago; I resigned to the fact that REI was only a pipe dream. Then came SFL and walah...I'm re-motivated and back in the game. I know that this will be the answewr to my prayers, but just like any "system"; it will not work on its own. It will take input and ACTION on my part in order to be a success.

Not that I haven't taken action, as I know I have done so. I feel as though I've had a few small successes to date... joined local REI Club, attended 1st meeting, found a Realtor/HUD agent/Property Mgmt company (all in one)...all great. But it has been very sporadic and unorganized though. I'll do a few tasks with SFL; at the same time begin reading posts, etc. on DG site and find my head SPINNING with info overload...not knowing what to do or where to go next. Hence, yours and Deans points of the neccessity of an ACTION PLAN! Although I tell myself I'm being overly cautious; I know that a lot of it is just plain FEAR!! I would love to join the Success Academy, but know it's not affordable at this time. I'll just have to take advantage of this site, and utilize its resources of great people and advice for the time being.

By the way, do you or anyone else know if Think A Little Different strategies/literature are effective in today's market?

Anyway, my ACTION PLAN starts today:

1. Order PFRERN (obviously a must)!
2. FINISH editing Cash Buyers list in SFL (started several days ago)
3. Order and send out postcards to same
4. Place ghost ad on CL
5. Start assembling rest of my team (accountant, RE atty)

This is a start and at least I've got it in writing now.

Thanks for the push Randy!

Now that you have it in writing take and make a few copies of it and post it around to were you have to see it each and every day.And yes I have found that all of Dean's strategies have worked for me. Now I have tweaked some of them a little to work in the areas I am in. But for your question, Yes they do work'

Randy

And back at it again. Its 1.30 am and I working on my game plan for the next two weeks in KC. But then again if you really want to get ahead in this game this is what it takes. Does a person have to put the hours in that I do NO. But its fun and I want to be number 1.

Randy

What would you say your average REI work week is, Randy?

Vincent

How do I determine how much equity a home has. I know that in my position I should already know this answer but I asked a while back but never got an answer you probably didnt see it.

thanks in advance.

Roads,

You gotta' get comps to find the fair market value, then find out from the owner how much they owe on the house. The difference is the equity.

Vincent

This is a reply to FRIENDINDEED -- YES WE ARE CRAZY!

You just confirmed my deepest suspicions........ Crazy is beautiful!

"The very first deal I did was ans assignment. the reason I did it was because everyone told it was not legal...." When I read this I roflmao. the exact reason I"m trying to do this is beacase everyone says YOU CAN'T!

Just had to throw in my my 2 cents (or was it... my 2 points?) no matter love the post!!

Denis

But I was just guessing till now, good to no I was right.
Thanks for your help.
Still trying to find buyers in my area this seems to be the hard part.

Hey Carol,

Loved your post on 9/18/10!!

TOO FUNNY!! My sister taught me that saying!!)

What are your thoughts on us newbies fearing penalties

or some have mentioned they recently read "jail time" if in our state,

we try to get a finders fee and it's illegal. I'm in WV.

I found a link I posted in the forum under

"Assignments/Finders Fee" of a court case in

New York which is encouraging.

However, I know every state is different. (

I'm going to ask Randy too. I know you guys will have

an answer.

Sincerely,
Patty

Hey Randy,

Thanks for this forum. What is your view of

we newbies who have FEAR of breaking the law,

and according to one post from someone who read

recent info, "jail time" for getting a finders fee

and/or doing assignments in a state where THAT state

interprets it as ILLEGAL?

Where is the best place to get our fears resolved about

our own particular state? I live in WV.

I posted a link from someone else's post on the

forum "Assignments/Finders Fee" of an actual court case

in the state of NY that is VERY encouraging.

However, every state is different.

Currently, this is one of my biggest fears.

Thanks for taking your time to answer this.

Sincerely,
Patty

One of the best place to find out is the rei group in your area. And I promise you their are people their doing assignments.

Randy

If I go on the short side, Its at least 70 hours a week. Now a person doesn't have to put in this much time. I am just determined to be successful at this. I set high standards for myself.

randy

Hello Randy and Company,

I have taken many steps since getting the SFL system and like others have so many balls I'm trying to juggle it seems pretty hectic. I want to get my first deal as badly as anyone but I keep looking for more education and trying to do what I feel I must to set up everything I need. I guess it will just take more time than I want it to. Anyway, I digress my next steps to take include:

1) finish sorting cash buyers from SFL and send postcards to a select group
2) take the script I wrote for speaking with agents and call three within the next week
3) continue reading Be A Real Estate Millionaire

Perhaps now I have people to be accountable to, eh?

Great to here from you. And even when you just write it down, It does help to hold you accountable And this in return helps ease the fear.

Randy

Thanks, Randy!

I've noticed a lot of differing opinions on that point. Some people say they are able to do this part-time and be successful, others talk about "Oh, I'm working my butt off and I'm proud of it!"

Vincent

It does take a lot of work but if it was that easy everybody would me millionaires.So the way i see it is its a good investment because the outcome will be huge.
I work 50 hr weeks plus 1 hr dive each way sandy is pretty close to that.I want us to work together on REI not leave the house and make other people rich and this is the only way that will happen so WE will do what ever it takes with out ever doing anyone wrong.I spend every free second i have on this and sometimes it seems like im going nowhere then i hear dean talk about looking back and seeing what you accomplished during the week and hes right, we do, but don't give are self's enough credit, so we stated a journal to track are progress and we have come a long way its (Bob & Sandy's journal) please check it out.
Have a great day every body and lets all be SET FOR LIFE
Bob & Sandy

Bob & Sandy,

Heck yeah, we are!! So much to learn and do. I suppose the journal is a good idea. Le's you know even at times when you think you aren't doing well that you've come so far. I wish I had started one on day one, but I guess that day is now!

1) finish sorting cash buyers from SFL and send postcards to a select group

Some progress here today. Separated by city in which the buyers made their purchases and will send postcards to those who bought in areas I'm interested in or just in those which are hottest in sales as well. Cross-referencing this with the investors that purchase the most properties in these areas.

2) take the script I wrote for speaking with agents and call three within the next week

Will need to be super prepared on this one. A 7-5 job doesn't leave much time for dilly dallying; committing to these three calls during next week during which I hope to have more time. In the meantime,

NEW 2) Review Carol Stinson's contracts from her website to be familiar/comfortable with them and to be prepared when I speak about them with a RE agent.

3) continue reading Be A Real Estate Millionaire

Re-read Chapters 16-17

Time for sleep

So glad you brought up the journal. And yes it does help.

Randy

Like the way you are taking action on your plan of action. A lot of people don't realize this is a big part of succeeding.

Randy

Hey Randy part of my action plan was to find a real estate agent to work with
and I encouraged my self to call an agent my RE Attorney requested I try and work with and she said yes she would love to help me get familar with my local area and help me in any way she can.
She wants to sit down and discuss some strategies to use and she also said she has been involved in the local market for years so I think she will be a good asset to my team.

do you think I should discuss the assignment and the IEE strategy or any ideas on how to tell her I'm not going to be using my own money.

Thanks for all your help I am now one step closer to getting up and running
God Bless All DGF

When I am talking to someone I always tell them the truth up front. I have always found honesty to be by far mt best strategies.

Randy

Thanks for the answer Randy! That is SO logical! I don't know why I never thought of that!

Sincerely,
Patty

Congrats on that step. It couldn't be clearer that the DG Superstars and Dean stress that step. Big pat on the back for yourself!!

Thanks, Randy. And since this is your feed, I'll give updates once in a while, but I think the painful details (even like some that I shared on the last post) really ought to be in my own journal. Feel free to stop by once in a while if you are so inclined (http://www.deangraziosi.com/real-estate-forums/investing-journals/62066/...), and thanks for the encouragement!

Also, I finished reading Be A Real Estate Millionaire! (CHECK!)