Investing Journals

Today I decided to start my journal. Hopefully by doing this it will keep me going in the right direction towards my goal of being financially independent. I have been trying to get into real estate investing for many years but never quite got going. I have been thru several real estate investment courses such as Carlton Sheets "No Money Down" course. Went to "Millionaire U" of the Russ Whitney Success Academy. Nothing has kept me focused. But I can't help believing that Real Estate Investing is the right way to go. I keep thinking ?Get a Job man and do this later". I don't want to put it off any longer.

I just finished watching the video, it sure is motivating, now to get into the book, and get off my butt and change my life. Ive been in the building trades for over 20 years,this recession has hit my business very hard,Ive destroyed my credit trying to stay afloat,my family life is very stressed, I live in an area where foreclosures are commonplace, I know this area will rebound because it is a very respected resort destination. I hope to put some of these strategys to work and make something better of my future with out all the stress .

In reading Deans book "Your Town" I realized that most of the case studies say that each of the investors are dealing with "Listing Brokers".

The REO's that I am finding are coming from agents other than listing brokers.

Is it important to deal only with the listing broker or can I continue to deal with non-listing brokers.

I understand that the commission will be split between the 2. If I need to find "listing Brokers" what the best way to find them for my area?

Thanks,
Eugene

I've recently partnered up with a business associate to start buying REO's and Short sales. I'm about to present 3 offers and I asked him to provide me with a proof of funds letter for each one. What he gave me almost blew me away. He sent me a letter from his bank showing that he had mid six figures in his bank account to back up what ever property I was bidding on.

My question is this: How do I use that letter for each of these offers? Can I just make a copy of it and submit with each offer or do I need him to only set the $$ amount to what my offer is?

Thanks in advance for pearls of wisdom.

Eugene.

My name is Tammy. I live in San Antonio, Texas. I've been a part of this family since April 2010. 21 years ago I got into REI in another state while my husband was in the military. I learned so quickly and was so gung-ho to go out and try what I was learning. My husband has always believed in working hard while climbing the ladder. Me on the other hand has always been entrepreneurial. Soon after I started applying my REI skills we were transferred overseas for a few years. When we got back to the states, the company that I learned REI through was out of business. (obviously it was Dean). I purchased some of the other (so called guru's) programs and really struggled at it.

I'm so grateful to be starting this journal and
for the offer of support as well as the support
I can give to others.

I've committed myself 100% to having this be
successful. I'm putting together a Buyers List
as well as looking for Motivated Sellers Nationwide
and Real Estate Teams I can put together in each
State.

I would like to meet a few Investing Buddy's
who would be interested in emailing to support
and empower one another for success. If you're
interested you can look at my Bio and please PM
me.

Today I'm going to contact the Investor List I
have and find out what they are looking for so
I can start matching them up with the right
properties
Thanks!
Susan

Hello everyone. I have a question about the assigments. When i find a buyer and we sign the contracts, do i get my fee right there or on closing day. And how can i qualify the buyer to make sure that am not losing my time ?

Hello everyone. I'm curently talking to an owner and ready to lock up the property, to assign the property and to lock it up, can someone walk me trough the process, do i need to talk to a lawyer or i can get the contracts ready and bring'em to a settlement company so they can take care of everything. Please advice me..

Hi Everyone,

I'm writing to get some clarification or understanding of hot markets.
I used Matts 25/1 rule only to get attitude from Realtors. The irony is I'm also a realtor. I have presented 25 offers with proof of funds at 50 cents on a dollar in Fairfield, CT. Each realtor acts as if its there home thats being sold.
Should I be fishing in different waters until the Fairfield market cools down or put my head down and go after this market?
1 of these offers was and estate sale. The property has been on the market for 700 days. I thought this would be a easy deal this realtor was rude and disrespectful that I would put in such a low offer on his 2 year listing. Its so stupid its funny.
What should I do?

Adam

Hi, I'm new to the DG fam and to the real estate game. Just found a property online from an online advertising for real estate. Found a cheap property, contacted the agent and will wait for a call on my cell phone, am going to try an assignment of contract deal. That's all for now.