Is this responce I got from a naysayer or ?

This guy is right about something for nothing. I mentor several people but they have to get out there and contact homeowners from the leads I supply. I give them training and coaching on what to say and how to get the property under contract. I usually supply the buyer that we assign the contract to here in Colorado. On the national level my trainees have to supply the buyer also! So no money down can get you a $1000 to $25,000 assignment fee! The guy in the article has limited himself to a strategy that won't work! He does not know what he is talking about when he says no money down investing does not take place. However, he is right, I don't want somebody around me asking the same questions and making the same statements about what they need to know or what they are going to do and then do nothing! They set up the appointment by door knocking, I make money from their actions! I also have them find their own realtors and make offers on REOs. We split the profit on the deals THEY provide through my training.
No work, no taking action and learning, no mentoring from me! Dallas, sounds like you are willing to work at it, so that guy was just plain rude and wrong.

Michael Mangham
MD Home Acquisitions LLC

I think it is safe to say your responder has not had any training with Dean Graziosi and his camp/site. We know that this is a people helping people business whether it is another investor or client or member of a team. He seems to have a closed mind which is not good for him. He may have bought and sold lots of properties but that does not in my book make him an investor to the degree that we strive for. We have to keep in mind that we never know what someone else has been through or where they come from. That guy may be having some hard times since he said he could not get loan even though he has down payment. He is most likely bombarded with naysayers in his camp so that it is not allowing him to see the possibilities. So, Dallas if I may I suggest finding a REI club to attend where you can connect with other investors and make a friend or two and see if you can tag along. I tend to take people at face value and a part of me feels sorry for a guy like that. He just does not know what he is missing. Its never ok to take it out on other people like he did. Just say a prayer for him.

Dallas I told someone else this months ago. That if they really want to learn they should offer to work with a Realtor/Investor, maybe fill in at open houses or send out mailers anything involved with learning about real estate.

If you want to learn about rehab find a contractor that needs a helper,pickup materials, clean up job site,etc anything to be around the business.

But you have to listen not ask a thousand questions. You will always learn much more by listening then speaking. You will see how to go threw a house tear out what is bad or needs to be replaced. See how things are put back together.

If you watch and pay attention you will soon know how long it takes to do a rehab.

These are just a few ideals you can think about.

look i cant believe he said that.i am as newbie as they get.already got a great deal under contract and i just fake it til i make it.i did it backwards.contact buyer instead of buyer contract and here i sit watching my 30 day no money,earnest or otherwise run out.i learned and wont do it again.i wish you were around here.i check out your post you have plenty of knowledge you need to be confident and stop being afraid to screw up.you will everybody does.dont listen to that jerk off.you are the effing man now get out there and get a buyer and i bet i can find you the home they want from my house.

of our environment and learning curve. Assuming you placed your ad in the Phoenix Craigslist, as you know that area is a hard hit area. It just might be that the investor that wrote that has been caught up in the downdraft and it has affected his demeanor. However, remember that there is also a very positive guy out in the Phoenix area that is proof positive that you can make your own future; I think his name is Dean something; it's on the tip of my tongue.

In the purest sense, mentoring is a great way to "pay it forward" and I have done plenty of mentoring over the years. I have also been a paid coach for new investors and that has worked out well too. However, there is an old adage that says people don't appreciate the things they get for free. I happen to believe that when it comes to education. I say that for two reasons.

First, I went to college and paid thousands of dollars to become a finance and accounting major. It paid off nicely as I went on to become an owner of my own three state public accounting firm. Education was the price of admission.

Second, between my mentoring and coaching, I have to say that the paid coaching process students learned the fastest. My belief is that they were there to learn AND had skin in the game in the form of a payment. Mentoring investors almost seemed as they were not fully in the game.

In closing, I think both methods can work depending on your personality and I am sure you will find somebody to help you. Just forget about the naysayer who responded as he is obviously bitter. (Kinda like the guy that tell you not to get married because he just went through a painful and costly divorce) Just keep looking and keep your eyes open for opportunities.

This sounds so much like Carlton Sheets. HE States in this Quote that he can not get Mortgage insurance. Why would that be? Either he has had to many mortgage insurance claims. ....OR.... He is just what everyone in this thread is stating ... Wrong... and blowing smoke up your pants.
He also has a hard time editing his own email. in the same line as he claiming he has 12% down he also states 10%..
This email sounds like a disgruntled Realtor Wanting his comps. Or he bought into Carlton Sheets BS or some others.

If you have any of Deans Books Read them ! There is a lot of good if not great Info in them. Then Think to yourself Dean is my guide and go from there. You dont really need a Mentor.
Dont get depressed because your first deal falls apart.
These forums are for questions. Did you buy a years subscription to these forums? Nope!! So ask away !

I would consider it a challenge as well as understand that you have something to bring to the table as that guy said. You have knowledge or access to on how to make it work. Listen to the last conference call on the DG website.

Offer that person if you could bring to the table a property at a discount where all of the numbers work and if you could "teach" him how to "recycle" his money through non-seasoned loans if he would be interested in working with you? (I am fairly new so if I reference anything incorrect please correct me).

Just be careful the relationship could go both ways - he could say yes and you may build a great relationship with each other or he may say no and you go on your way. Like Dean says, you don't know unless you ask. Try and turn him into a buyer.

I should re-read the 2 books I have of Deans (Your town your real estate profits, and Profit from RE right now). Lately, I've been going back and forth between the different sections to get as much info as I can. I must've re-watched Deans informercial a few times last night (it's on DVR) for re-assurance. Yesterday I finished a short paint job, and the guy acted like he wants me to paint in his other trailer. He musta asked me twice how much to pay me for a little over 5 1/2 hours of wall painting. I told him whatever he thought it was worth, I would take it. $100 came my way, plus lunch. That wasn't including any prep work he did himself. It made me feel good, too.

But I had a good day yesterday, that I drove over by a house I went by a few weeks ago that needs work. On the same street, I noticed maybe 1 or two more potential properties. Neither properties have FSBO signs ~ 1 is going for auction at the county courthouse in May (looks somebody started fixing but stopped). The other is empty but I think somebody was in it going through stuff? So, I hooked and booked it outta there, and you can tell it's a fixer. The fire damaged homes are still untouched.

Over the last 7 years, I've been a HVAC mechanic for the prison, operated my small landscape company part time, maintenance tech and a part time property manager managing apartment complexes. I know what it's like to turn an apartment, replace vinyl tile, fix/repair/replace basic appliances, paint, clean an apartment and make it ready to rent, including curb appeal. Working with all types of vendors (contractors) was a breeze. We had HD Supply, Wilmar, HD charge card, and other commercial accounts to work with for maintenance supplies.

I don't ask 1,000 questions. If I don't understand something ~ at that point it's only a few questions. Other than that, I'm a good listener, I pay attention, and I have enough knowledge to apply a few strategies. The only thing or things that are stopping me now, are:

1. Fear of introduction to a realtor, or fear in general.
2. I know so much already, that I don't practice what I preach.

Despite this, I've decided to go to the AZREIA meeting this week for the 1st time. If there was another meeting that was more local, or if I could figure out how to start a small one (if they didn't have one) I would go.

Like I said, thank you all for your excellent replies. Carry on!

I agree w/ his point about "forcing" a fellow investor to mentor you, by you making yourself indispensable to them. That way you'll get valuable on-the-job training as it were, while you see things happening in real time.

Personally, the best piece of advice I got from one of my mentors was:

"Education is great- you can go on so many sites, access alot of resources & they'll all give you answers to your questions. But...in the end, you just have to do it! Don't look for potential problems as difficulties- but as challenges to your persistence & creativity".

That was after I'd asked him several questions which tended to reflect my fears, more than anything else. Hearing that advice changed my entire outlook about REI- made me start to enjoy it a little bit more instead of fearing it.
Find someone worthwhile who encourages you w/ a glass-half-filled, rather than a glass-half-empty approach.

Strength & positivity >> Fear & negativity.

Good luck.
Z

Thank you, Trustpoint, Cbelt, Kaza, and others!

As nervous as I may or may not be, I've made it a positive choice, and I am going to the AZREIA meeting tomorrow night. I've never gone to one, and I've wanted to for a long time. Not sure what to wear to these meetings, but I hope I will get some huge insight, and maybe a few buyers and a couple other team players. The agenda for their meetings are as follows:

* Registration opens at 4:30pm
* Workshops: (5:15 PM) Specific topic presented by an expert in the area. Very focused education.
* Structured Networking Sessions: (6:00 PM) Come early and network with other real estate investors from all over the valley and from Tucson. Many of our Business Associates will be hosting tables making it convenient to talk with them about specific questions you may have. This is and excellent time to build your team of advisors and providers.
* Property Presentations: (6:25 PM) As part of our Structured Networking Session, members present property they have available for sale or exchange. You may find that property you’ve been looking for during this part of the meeting.
* Market Update: (7:00 PM) Find out the latest market trends with this in depth presentation on local, state and national real estate information. The presentation is heavily focused on understanding the numbers and where the market is headed.
* Guest Speaker: (7:30 PM) A local national speaker delivers an educational, entertaining and informative presentation on an area of interest to the real estate investor.

Is there a special dress code for these club meetings or ? I'm thinking about making a personalized name tag & maybe blowing up my business card, instead of the generic "Hello, my name is..." tag they give you. It would have everything the business card has (email, phone, mailing address, Business name ~ should I put my "title" as, "Real Estate Flipper/Wholesaler/Investor", or should I leave it off? Is the name tag a good idea? I'm curious to know at what point or points will I be or should I start to network with others?

Are there any additional tips I can use, or anything I should be aware of? Thanks in advance.

Your fear comes out in the negativity ,and insecurity in your posts. You have a very narrow view of R.E.I , yes it is hard,like learning to ride a bicycle
or roller skate. Look around you everyone doing these things had to learn the
exact same way. I am responding to your post , but not to you directly,this is
for all of DG people. Make some offers (I never admitted to myself that this
was my big fear)MAKE SOME OFFERS--select properties ,RUN NUMBERS,sign a contract ,get on this site or, go to a meeting with a coutract SUMMERY not the
real contract,and say HELP,people will flock to you,with sincere notions. Not all investors are greedy,"not on this site" if it feels good DO IT,if not move
on with abright sprit.It's good to have fear,it's not good to let it spill
out of your "mirrow".Nay Sayers , must remain outside of US not within. Go
DGers !!

Mel

we've spent so much time listening to the naysayers that the message kinda lives inside of us, no? I think that's what Mel was saying. We have to expel the negative from within us to really overcome the power naysayers have to affect our mood. Perhaps doing deals is the method for removing inner doubt, eh?

You know plenty. I have read your posts. I think it's great that you're going to your first structured REI meeting. (I am going to my second one on Thursday.) BTW, nice suit.

peace,

Hey Dallas,
You are taking a great step in attending the REI meeting. Just look professional, but don't over do it. A suit is not necessary. Doubtless you will see people in anything from dirty jeans on up. Wear nicer jeans or a dress slack with a collared shirt or sweater. Better to look more professional than less. The club will provide a name tag. Mine also gives colored stickers for your area of interest, like a yellow dot for wholesaling, blue for rehab, etc. The structure of the meeting sounds great and you are going to meet people who know what they are talking about and people who don't, people who actually make a living doing this and a lot of tire kickers as well. This is the place to meet a "mentor", or senior partner let's say. I personally would not advertise for that on craigslist - too many crazies out there. Get as involved with your club as possible, attend all meeting, classes, go out after with a group, make coffee dates - this is your circle. You can do it.
Gena

Dallas,

that person that responded to your craiglsist ad seems a bit unhappy...

you need to stay away from people like that-be positive, write your rei goals, and take steps towards them, even small steps a day will make a big difference in your future-you don't have to become an expert in a day!

wishing you success,

valerie

Thanks for your advice. I deleted the ad, and haven't talked to the guy since then. What's new with you?

Get out there, and break the barriers down. I started to the other day, but it's kinda feel like it's going slow process. Sometimes they say, slow & steady wins the race.

Just tell yourself you won't fail. Tell yourself its impossible cause you wont let it happen. You're in control. I'm. Sure one day you will be mentoring people yourself. Keep that guys email address. Maybe you could be his mentor one day.

I hope you did not take what that jerk said personally. He is the kind of investor who damages the way the public looks at the rest of us. He is sad, mad, frustrated and with his attitude it gonna be tough for him to rise above it. Anyway, just say a prayer for him and move on.

Now, lets talk about you killer. You got the knowledge, the drive and the personality to be whatever you "wann be". Lol But if you think about it, knowledge is a weird thing. My dad told me more than once that (1) its good that you know WHAT you know (2) its crucial that you know what you DONT know, (3) and most important, you have to UNDERSTAND what you know. The only way to understand what you know is to put it into practice, make some mistakes and then correct those mistakes. This is a screwy paragraph, but I hope you understand my gist.

And what was that "girly" (no offence ladies) comment you made about fearing the introduction to a realtor? H*ll, they put on their pants or skirts just like the rest of us, and they are chomping at the bit to gain our business. They dont make us money (well they do help), but its us that makes them money. And you talk about mentors, the right realtor/broker and teach you a lot. At the same time, you can teach them a few things, so dont sell yourself short. Good luck partner, now SADDLE UP and RIDE.

Hey, Im even motivating myself! Im ready to go.

PS: Dallas, I hope you were wearing your "cup".