Lea's Journal

It was so nice to get to talk to you yesteray. Now I can put a voice to your entries. It will be wonderful when we get to meet someday!

Thank you for the well wishes on the section 8 we are working on with Richie. I'll post more about that later.

Take care my friend,

Lea
SPR Property Solutions, LLC

We are happy to do this. I just know that we are meant to do a deal together! Hey, if we don't help does that mean you'll have to take a business vacation to FL? Hmmmm .. LOL

THANKS for letting me say hello to some of my DG family members. Your right I could hear the excitement in their voices.

I'm glad we got to talk today. I sent you an e-mail.

Thanks for your well wishes with the L/O's and for being in our corner.

I'm looking forward to hearing how this SS progresses and to the day it is finished.

Your Friend,

Lea
SPR Property Solutions, LLC

On Monday I called Richie not realizing he was still in Phoenix with other DG family members after the EDGE. He was kind eough to put me on the phone with Louisa, Randy and Jeremy. It was so exciting to get to say hello to everyone! To hear a voice from the folks that post on this site whom I have come to respect. At the end of this same day I got to talk to Shane. What a great way to start the week!

This same morning a gentleman called who wants to do a SS on his property. In the past year he has depleted his 401K and savings trying to save this property. I wish he had called us sooner.

We looked at the outside of this property. The owner is mailing the keys as he lives out of state. It's been vacant for at least a year so naturally it is overgrown. No snakes this time LOL! Did get into some prickly-itchy things and stepped on an ant hill and got bit though, EEWW! LOL. The back door to the garage was open but we didn't see anyone. The man across the street came out to say hello. He keeps an eye on the house and said the garage has been closed all this time. He also told us that the previous owner remodeled the bathroom a few years ago.

We are working with Richie on a duplex that he is interested in. This is one of the duplexes we looked at last week. Denny called some banks for Richie using Richie's FANTASTIC script. Denny had fun making these calls and had good input from several banks. He is waiting for a couple of them to call back. The ones he spoke with seem to be hung up on the fed tightening up the rules so much that banks don't want to do portfolio lending. Denny will keep calling. Some of the banks he spoke with may offer some opportunities.

While Denny talked to the banks I spoke with LO/SS leads.

Had an interesting one this week. One gentleman that called is running a ministry to help folks that have recently gotten out of jail or have issues with drugs and/or alcohol. He will put 6 people into 1 house including a manager who will oversee those living there to make sure they are staying on track. The smaller and simpler the properties are the better for him as far as maintenance and upkeep go. He will be looking for properties on an ongoing basis.

Talked with another gentleman who is living in his Dad's mobile home (his Dad passed away) and is looking for a L/O. There are young children in the house and it is an over 55 community. They will be kicked out this week because of the kids.

I called back the gentleman with the 4 upside down rental properties. I could hear the noise in the background and realized it was bad timing. He was in the process of evicting a foreclosure property and said he'd call back.

The SS we are working on for our friend's is tightening up and won't leave much profit if any for us. Our partner is continuing with it because 1) he doesn't want to ruin his track record of 98% success rate on his SS's and just as importantly 2) It is for our friends.

Lea
SPR Property Solutions, LLC

Lea,

That is awesome with all that you have going on. Your everyday routine almost seems like a lifetime of work for me with REI, but I know that in time it all gets easier and better managed. I must say that I am forever amazed at the things you have going on. I really like and appreciate what that minister is trying to do. I have been in those exact shoes and believe me when I say they truely are a God send along with the people who provide them. The best part is that you get an opportunity to aid in his quest and better your life because of it. Awesome, truely awesome. Looking forward to hearing about the outcome of all these deals you have going on. Good luck!

Richard,
Bothell, WA

It is always wonderful to hear from you. I'm happy to hear that you found an investor friendly agent that you feel comfortable with Thank you for cheering us on. Sometimes I feel as though the phone has become a part of my body ((LOL)). I'm learning a little from every conversation.

Yes, I am impressed also with what this minister is doing for people. I'm glad that you have been helped by people like him. He said that one of his volunteers has been through this program and wants to give back. He is very humble and does this because he believes God wants him to.

Like I've mentioned before, I believe that God has given each of us special and unique gifts so that we can help others. That's what it's all about.

Take care my friend.

Lea
SPR Property Solutions, LLC

Absolutely! Anytime. You may also want to check and see if you can be a spokes person for AT&T with the whole phone thing. Reach out and touch someone!! YEAH!!!

Richard
Bothell, WA

LOL! You are funny!

Tomorrow we are going to help our partner out and go look at a possible wholesale property. The owner says he wants to sell quickly for cash or he may just rent it out. This is potentially our 1st wholesale deal.

Lea
SPR Property Solutions, LLC

Hey Lea, I can't put into words how thankful I am for the help you and Denny have given me. I don't know how far I would be without you guys helping, with my hectic schedule.
I may have to take a different route If I cant get a bank that will refi within a 3-6 month period. I am hoping this goes through some how. I just need to get a few more things together and then I will know. The only thing is if I am forced to go conventional, I have to come up with 20% to put down.
By Monday I will have some kinda idea in my head to get around the new obsticles Have a great w/e.
Richie.

Denny & I are happy to help. We love working with you. We are learning from you too. How cool is that?!

I know too that YOU WILL come up with a way to overcome this obsticle and any other obsticles that come your way.

Lea
SPR Property Solutions, LLC

It sounds like the "Buddy System" is in full effect with you all over there. I hope your first wholesale deal goes as smooth as possible. I know you all are just superstars in the making.

Richie.....Nice name first of all. I see you pop up quite often as well and I have to say that there are a lot of us (myself especially) that learn just from the conversations that you post. Information through experience is priceless. Thank you for doing what you do.

You all have such great experiences with what you are doing and I really appreciate your posts. Keep it up and I can't wait to hear from all of you on your deals and what happens with them. YEHAWW!!!!!!!

Richard
Bothell, WA

Thanks for the well wishes on the wholesale property. We looked at the property this morning. Will keep you posted.

Yes Richard, Richie has shared words of wisdom, guidance and is a source of inspiration to many. LOL, you both have absolutely wonderful names.

Your friend,

Lea
SPR Property Solutions, LLC

such a pleasure talking to you this morning. you are as sweet and helpful as you sound in these posts. thank you!

I enjoyed our conversation today too It is always so nice to get to talk to the folks that post on this site I just pm'd you. Talk to you soon.

Your friend,
Lea
SPR Property Solutions, LLC

We are approaching our SS's a little bit differently. Our REA will be negotiating the SS's and our partner will be presented to the homeowner as the buyer. This gives each of us our area of 'expertise'. The banks like it and the homeowner likes it.

I got to speak to Linda today We had a nice conversation and talked about SS's and will be talking again tomorrow.

Also spoke to Richie today about the Duplex. Will keep everyone posted.

The possible wholesale property we looked at last week won't be going anywhere at least for now. The owner wants more than it is worth to us. He is not interested in L/O or we could have worked something out.

Our friends SS is getting closer now, they have moved out of the house. We aren't likely to make anything on this deal but at least they have avoided a foreclosure. The husband has been super stressed out and angry. He called nearly every day last week to vent. Then he called to apologize. More helpful insight for me into the world of SS's.

These same friends are in disagreement as to handle another upside down property that they are also behind in taxes on. They pay high HOA fees on top of this. He (the husband) told us he wants to do a SS 'later' but his wife told us instead he plans to collect the rent from the tenants who have been good tenants for 3 years and not pay the mortgage. For obvious reasons she is against this 1) it's illegal and 2) she doesn't want to hurt her tenants. They have expressed interest in buying the property.

The SS I mentioned a couple weeks ago has come to a halt. The homeowner has decided to let the property go into foreclosure.

Lea
SPR Property Solutions, LLC

I have much to catch up on but always enjoy reading and finding new ideas on the SS homefront. You are all such an inspiration to me. Thank you and will hopefully get to meet sometime in the future.
Blessings to you all,
Cathy L

again, i enjoyed our talk again this morning. i think it was just the right thing as i got ready to head out. thanks so much. how nice to be able to talk and share with a friend. can't wait to hear more of what's going on with your deals.

Thank you for your kind words and for taking the time to stop by. You are an inspiration to me and I know for others too. You have some new and exciting things going on in REI and I am looking forward to hearing about your new deal, your journey and your success!! It would be so nice to meet you too!

Lea
SPR Property Solutions, LLC

I enjoyed talking to you today too. As I mentioned in our conversation I'm learning a lot from you from the perspective of an REA (I know investor comes first ) I appreciate your openness and honesty. Again, it was fun talking to you and thanks for the chuckles too.

Your DG Sister

Lea
SPR Property Solutions, LLC

Hello Lea, Monday I will send the p/a to Mitch and call him.
I also have to send out my papers to get my LLC legalized in FL.
My partner is working on the loan. Things look like they are falling into place slowly.
Keep up the good work on those SS. I know it is a hard thing to do when talking to people but you have a big heart and are helping them get a new start. Tell Scott I said no more eviction letters for you and Denny. I dont like that, you guys could get caught up with an angry person and have all kind of problems. let the cops deliver them. Well if this duplex goes through we will get to meet and I owe you guys dinner and then some
keep up the good work!
success is around the corner.
Richie.

Yippee about you sending the p/a letter to Mitch on Monday! and your LLC in FL (I did peek in on your journal and read your good news.) This is so exciting. If all goes as planned and you come down here to look at the Duplex Denny & I will roll out the red carpet for you.

Thank you for your kind words and encouragement about talking with SS folks, I appreciate it.

Yes, about the eviction notice - that was absolutely my least favorite REI thing I've ever done! Denny was calmer (and braver) about it. When I got back in the car (that was left running) my hands were shaking. I thought we might be looking down the barrel of shot gun. Scott usually does his own thing but took his wife to the Dr.'s for tests this week we wanted to help out. Some counties in FL require a sheriff to do this. I won't do this again. On the other hand Denny didn't think it was so bad (except knowing there were little kids there because of the swing set in the front yard) and I'm afraid he would do this again if Scott asked. I would have to put my food down because I wouldn't let Denny do this alone and I'm NOT doing this again. It's best done by a sheriff.

Talk to you soon.

Take care my friend.

Lea
SPR Property Solutions, LLC

Hey Lea & Denny, looking forward to working with you guys again. maybe sooner than we thought . I am going to work on that over the weekend. I will speak to you on Monday when I have some kind of plan in mind lol.
Keep up the hard work on those SS, I know your going to break through on them soon. But your doing deals with me anyway and we are having a blast doing it!
talk to ya soon
Richie.

Yes, maybe sooner than we thought We are like a freight train picking up speed now. And yes, we are going to absolutely have a blast doing this together.

Thanks for always cheering us on, it means a lot to us.

Talk to you soon.

Your friend,

Lea
SPR Property Solutions, LLC

As some of you already may know we have been working with Richie on a duplex and he'll be closing next month YIPPEE! It you haven't heard about Richie's 1st deal check the front page news out at http://www.deangraziosi.com/real-estate-forums/my-deals/51462/thanks-edg...

What a fun and learning journey this one has been and I know there are many in our future together with Richie.

On the SS front we got a lead back who wanted to do a SS on his property and then decided to let the bank foreclose (months ago). I remember the night he called because it was 10 pm and Denny and I were relaxing together. I didn't take the call and then Denny said since it is 10 pm he is probably troubled and worried to be calling at this hour. So I called him back right away. This week he got the signed SS paperwork to our partner and has decided to move forward with a SS.

Denny & I looked at this property today, couldn't get in because the keys didn't work (we got them from the bank). It is overgrown and the grass is long but it appears the neighbors have been taking turns mowing the lawn because it's been vacant for over a year and doesn't look too bad. The trees are overgrown but it won't take much to pretty up the yard. There are more trees then usual on this property so it will look nice once it's fixed up. The pool has seen better days before it turned green and God knows what is growing on the bottom of it.

A lady called this week who is working on a loan mod that isn't going well but she is still hoping. What was interesting is that she kept our letter from 4 months ago before calling us. During our conversation she said that the house is just brick and mortar and she shouldn't feel so emotional about it. This is the 1st house she bought on her own. I told her I understand what she means. A house/home is filled with memories of family, friends, pets, holiday gatherings, etc. She is keeping our contact info if the loan mod doesn't go through. Otherwise I will all her in 2 months to see how the loan mod is progressing.

An REA called and I have no idea how she got my name or number but she has SS properties. Denny spoke with her and I'll follow up with her on Monday and see how we can possibly work together.

A gentleman called toay and left a voice mail in response to a letter we sent him 2 months ago. So it's true, people are holding on to our letters. I called back and got his voice mail.

Lea
SPR Property Solutions, LLC

that is so awesome! isn't it funny how that stuff comes back to you a few months or so down the line. loved our talk yesterday; you were just what the doctor ordered. can't wait to hear when you and Richie close that deal how exciting for you all.

It is always so nice to talk with you. I hope you are feeling better today. And I hope their is no cooking for you this weekend LOL!

We are so excited about Richie's upcoming closing !

Looking forward to talking to you soon. Did you get the e-mail I sent you yesterday?

Take care my friend.

Lea
SPR Property Solutions, LLC

yes, i got your email and am working on it. thanks. i wore myself out yesterday, but i'm doing pretty good today. there was no cooking, but lots of dishes. have to work on that.

I forgot to mention that I went to the Alzheimer's Association Awards Luncheon the week before last and got to talking with a gentleman who works for a company that is a national sponsor every year for the association. He sells insurance and has clients who are losing their homes to foreclosure. This troubles him and he wants to help them. So we met with him this week. I made it clear beforehand that we are not in the market to buy insurance. During the meeting of course he tried to sell insurance to us and asked us to sell insurance (sigh). I tried to keep the meeting focused on the reason we said we were going to meet which was to help each other and help folks who are losing their properties. I'm not sure where this will lead or if it will lead anywhere, time will tell. Our partner can give him leads to clients looking for insurance and we would give him a referral fee upon closing.

This past weekend there was an article in the newspaper telling folks that the banks will now be going after people who have foreclosed on their properties and they want their money. Needless to say this has made some people nervous and they never expected it to happen, at least not this soon.

A rehab investor explained a little to us about Chinese drywall since it's high on his priorities of properties to avoid. He said that the copper turns black when there is Chinese drywall. He also said that holes in the walls will get black around the edges if it's Chinese drywall. The majority of these properties were built during the boom but older homes that have been remodeled or repaired after the hurricanes in 04 & 05 could also have Chinese drywall. Maybe some of you reading this already know about this but if not if could be helpful.

Talked to a gentleman today who is upside down and behind in payments on his property and he wants to pursue a SS. He said he had spoken with different investors and REA's because he received so many letters. After him & I spoke he spoke with our partner and said he has decided to go with us because we were the most professional people he has spoken with. Oh yea, almost forgot he has a 2nd property (condo) in Pompano Bch that he wants our help with too.

Lea
SPR Property Solutions, LLC

Yes you need to work on that LOL

Hey Lea, nice talking to you today, say hello to my pal Denny for me.
I really think you guys are close to getting one of those SS deals done. They do try your patience because they take forever to complete.Keep up the hard work and it will pay off.
I sent a letter to the bank tonight, posted a copy of it in my journal. I hope I wrote it out where it will catch the banks attention. I kinda rushed and sent it before letting it soak in and seeing if I should change anything.
Oh well, it should be interesting to see the response either way
If its not good I will move on to the next bank
Talk to ya soon.
Richie.

It was nice talking to you today too, will say hi to Denny for you.

Thanks for your encouraging and always upbeat words Yes SS's are ever so sloooooow.

I'm going to your journal to check out your letter, can't wait to read it.

Your Friend,

Lea
SPR Property Solutions, LLC