Help me Please!

The overwhelm you are feeling is something that every single one of us has gone thru.

Unfortunately, I am going to give you a few more assignments. VERY IMPORTANT THREAD! http://www.deangraziosi.com/real-estate-forums/everything-else/123235/yo...

If you are buying bank owned props (REOs, SS, etc) you are almost NEVER allowed to assign them. On these you have to do double closes.

Buying FSBOs or Standard Sales on MLS, you can do assignments. They are legal in every state as long as your contract does not specifically state, "This contract cannot be assigned" or "is not assignable".

When you get so overwhelmed, take a day or two off. Let your mind recover a little and then start reading the books again.

Dean's books explain everything and explain it very well. Each time you read them, something new will pop out at you and you will have a "lightbulb moment". It will all become clearer.

Come on here and read a lot of the threads- especially the older ones. After a while, you will get so you know who knows what they are talking about. Then you can go to their profile page, click on the "TRACK" at the top of their page and find threads they have posted on or started.

I know this sounds like I am just giving you more work and confusion, but I am giving you tips on working smart here. Forget about sleeping! You won't be doing that much for the next year or so! Such is the life of a REI (Real Estate Investor).

I really wish there was a magic short cut to "getting it" but there isn't. That is why so many people quit. But if you make up your mind that you will not quit and just keep working and studying until you know enough to actually start taking baby steps, you will become an expert and you will be successful.

Good luck! Don't quit!

Karen

Great advice Karen!!! It is all overwhelming but you have done the right thing here by posting for help

and was going to say somewhat of the same thing in that you just have to keep reading the posts. I see that you joined in 2009, so I don't know if you have been away, but the best way to learn is to just keep reading the threads here,and the books, and even though things will become redundant that will help you to learn the basic steps.

Don't worry if you get confused about something, because you can just keep looking over the threads and it will click, or you can ask a question on the board. You just have to dive in and stick with it! Best wishes!

Are spot on ~ You should follow them. Everything is a little overwhelming at first, bc you have to train your mind to thinking and acting differently than what you're used to. The way I figured things out, was the same as you're doing now, by asking for help. I'd find a cool topic someone posted, and if I had a question about it or thought, I'd reply. The key here is to get active, and excited because the next 6 months to a year will be one roller coaster ride, with many ups/downs, twists and turns until deals start to close, and you get paid for your efforts. Unfortunately, I got sidelined from real estate for family reasons near the end of 2012, but I can't wait to get back on track.

Different things will happen to you, and you'll have naysayers or people who think your crazy, insane, you're wasting valuable time, or being an active real estate investor could ruin relationships. Knowing when and where to balance & make time for you and them, is the greatest thing you'll ever do. They need to understand your wants, needs and desires. If your spouse or partners don't understand you or don't want to support your dreams or goals, do it anyway. If they jump inline later, that's great. If not, it's ok. You know what you want and what you need to do for your future. Being a part of the DG family will help you get to where you wanna be. No, you won't be rich overnight, but you'll be on your way to financial freedom.

Just remember, there are a lot of great people on this site who can help hold you accountable, even if you don't need it. Stick to the directions and advice we give, and you'll make it through your journey.

KarenG- Thank you so much for responding! I will do my best to follow threads and try to understand all this.. I do have a question! I hope it is not already mentioned in the link. I want to go through all the messages that people sent me and then I want to open your links and read those.

You said that REO's can not be assigned. At the seminar they talked about REOS being the best deals and using other people's money. The only way to get the money from Dean's investors or whoever was to go to the seminar, which I could not afford right now. I read scams online saying when you go to the seminar they try to make you buy something thats around 35k. Going through these forums, regardless of all that, something has to be working if there are successful people on here.

Basically what I think I'm asking is do I actually have to have my own money, or was what I was learning and reading true? How can I make a double close if I don't have the money to invest? I wish I did, because I am interested enough I would put up money, but that just is not an option at the moment and I do not want to give up this dream.

Thank you so much for your post! As much as I need information I also need some encouragement! There are a lot of people who say this is all a scam and so not even try. I have to believe it is not, especially with all of you on here saying you are making deals. I had stopped comin on here after I joined in 2009 because it was not clicking at the time. I just went to a seminar recently and now I am more motivated than before. I didn't like them trying to get me to purchase things though. AS much as I would have, I didn't/don't have the money because of financial problems from recent.

I really just want to make sure I can do this without putting my own money down, but posts I read are making me think that I need my own money. That is the opposite I learned from reading from the books and watching Dean on televison or going to the seminars. That is the one thing that would stop me from doing this at this very moment.

You will find post from people telling exactly what they did to make a deal. That said, it helps to have a little money for marketing, business cards, mailing letters and such. Sometimes you will need a little earnest money too. Still you can do this with no money by finding buyers who will fund the deal. Just keep reading. REO's can be trickier as you have to deal with the banks, but just keep looking and learning on how to do the deals.

Does anyone have a contact or bank they have worked with that does no seasoning cash refi's? I have a property on the Oregon coast with 50% equity fully rented that i want to cash out refi on. I have looked in yellow pages and called banks talking to residential loan officers but all have said 12 months on rental investment prop before cash refi.

I have read all your messages and read some forums.. I read about using real estate agents to find buyers and deals on properties. I also read about using attorneys and making sure you have the right to reassign and using the contingency clause.

My question: If I can find a property easily online, and lock it up at a great deal, why does someone need me in the middle? Couldn't an investor or a home buyer easily get it for the price I would be getting it for? Some houses I see online for month and months and do not sell. Why would it be so easy for me to find a deal and get it reassigned within 2 months? Am I looking at the wrong properties? Why would people need me? I am confused.

Right now I am lookig up pre-foreclosures.

You are on the right track, but wanted to tell you that you do not have spend thousands to learn how to do this.
Just reading even one of Deans books would get you started. And this website is a gold mind to get started and continue learning.
I never went to a three day seminar. But know people who have spent over $30k and still don't know what to do. This was not through Dean.
But I had already did a couple assignments and bird dogging before I ever found Deans site, by just reading one of his books.
You can learn so much by buying some of his books, coming on here for help, and if you can afford it, the student academy is helpful.
But you can do this, and once you get going, you may choose to get more in depth training.
Good luck and also look for the REI club near you, put on business cards and go to auctions and learn. Find investors and offer to help them with finding properties and learn from them.

I think what I am most afraid of is finding that right property and getting it under contract, and then not being able to find a cash buyer.

I can learn to calculate the comparables, and that would be fun for me, and learning the contracts and how it works will not take too much time, but I do not have control over the buyers and what they do. Everything else seems easy enough. I do not want a contract signed, and someone thinks their house is going to be sold, and then I have to back out last minute and they lose out and if I had a realtor, they wouldn't get paid etc..

Has anyone had any experience with anything I mentioned?

ALLISON,

I WOULD JUST LIKE TO ECHO WHAT THE OTHERS HAVE SAID AND ADD MY OWN THOUGHTS.

DEAN IS HONEST, LEGITIMATE, ETHICAL, MORAL, AND REAL ESTATE INVESTING WORKS !!!!! PEOPLE INVESTED IN REAL ESTATE LONG BEFORE DEAN CAME ALONG. DEAN TEACHES US HOW TO DO IT EXCEPTIONALLY WELL. HE IS EXTRAORDINARILY GREAT AT IT. IF HE WAS DISHONEST OR A SCAM HE WOULDN’T HAVE A PROGRAM IN APRIL EVERY YEAR (EDGE ‘13) WHERE EVERYONE YES !!! EVERY ONE CAN MEET HIM AND SHAKE HIS HAND. HE IS APPROACHABLE. IT’S NOT LIKE SECURITY IS GOING TO WHISK HIM OFF STAGE AND NOT LET YOU GET NEAR HIM.

ALSO CLICK ON SUCCESS STORIES UP AT THE TOP OF THIS PAGE AND GO LOOK AT ALL THE SUCCESS VIDEOS SOME JUST SUBMITTED A FEW DAYS AGO FOR DEANS EDGE ’13 SEND ME AWAY CONTEST. YOU NEED TO JOIN A REIA (Real Estate Investors Association) IN CLEVELAND WHEN YOU CAN. YOU WILL BE ABLE TO MEET LIKE MINDED FOLKS AND ASK THEM QUESTIONS. YOU CAN MEET THE PEOPLE YOU NEED TO BUILD YOUR POWER TEAM. YOU WILL BECOME MORE COMFORTABLE AND UNDERSTAND ALL THIS MORE.

ALL THE BEST,
WALT

P. S. for all of those who are aggravated by all caps I apologize. it was a mistake. you know I don't make a habit of it.

and you shouldn't try to learn it ALL either. Just focus and learn HOW to wholesale or whatever you're trying to do. See link

http://www.deangraziosi.com/real-estate-forums/profit-real-estate-right-...