Hi DG Family,
I am a 60 yr old granny and saw Dean's show on late night TV about 2 weeks ago. I was so impressed by his presentation and the way he presented himself, I wrote the number down and made the call.
I have recently moved back to Texas from Colorado where I was going to Bible College. I thought I was a bit old to be going to Bible college, but got there and found over 75% of the students were older than me. I made wonderful friends and had a great time. The only problem was I burned through a big chunk of my 401K. I figured I would be in some jungle in central America by now eating mangos and bananas, but the Lord has other plans for me. Sent me to Texas to help a minister friend of mine. Ugh OH...I need to figure out a way to replenish my money supply. Here comes Dean and the rest is history.
I received Dean's book this past Monday. I read the first book in 2 days. Oh yeah, did I mention I also play nanny to a 4 yr old. A very active, precious child. It took me 2 more days to read the second book and then I realized I had massive information overload. I stopped on the 5th day and realized I needed to assimilate some of this info, so I started making a list of things I needed to do. I think a buyer's list was the first and right behind is a seller's list.
It is now day seven and I am rereading the first book and find myself hanging out here on this site quite a bit. After church this morning, I went to check on my Dad's widow. I shared with her what I was doing and she advised I call her daughter-in-law as she is a realtor and business is very slow for her. Oh boy, a realtor to interview. That is one of the items on my list for next week. I have a low opinion of most agents, as I have found the ones I have done business with in the past were a bit arrogant and had very inflated opinions of themselves. Oh, get over it. Times are hard for them and maybe their heads have shrunk, and this one is at least part family.
I am looking forward to getting started on a deal, but I know I need to get a little more info under my belt and do some of the ground work of getting my buyer list together. Did I mention I am almost broke and I know my credit stinks after the last two years. The lease option thing and assignments are probably going to be the way for me for the first few deals.
Up to 3 yrs ago, I was a houseparent at a Christian girls home located on a ranch in far West Texas. I took care of the intensive care girls who had been severly abused and could not function in a normal home setting. The stock market melt down did just that to my 401K and also the investments of the girls home. I was laid off along with a few more house-parents and I was recently informed the whole ranch is about to close due to finances. So sad. I think my point in sharing that info is to let you know there is not a lot that scares me. I love talking to people and if I feel confident in what I am talking about, what's there to be scared about? LOL That sounds pretty cocky for a little old lady who is almost broke after working all her life.
I will post to this journal to just let everyone know how I am progressing. I also want to hopefully give back and help others as much as you guys here have helped me. I love reading your posts and hearing the stories of your deals.
Marilyn Nelson (Marnels)
I had a really great day today. I walked my neighborhood and talked with a few folks down the street and one young man shared with me he had done some rehab work with another investor last year. I got the name of the investor and found out he is mostly in commercial properties now, but said he would refer me any residential deals he might run across. May never turn into anything, but it was amazing the things you can learn if you just talk with people.
I started reading Dean's book,"Profit from Real Estate" for the second time. This time around, I had my notebook handy and started making lists of activities I can do everyday. Things made more sense to me this time around in that book. I amazed myself while talking with my neighbors, as I actually heard myself, and I thought I sounded confident and knew what I was talking about. I could not have said that 3 weeks ago. LOL Like Dean said,"Fake it until you make it."
I am looking forward to tomorrow as I am ordering my flyers and making a trip to Walmart to get supplies to make bandit signs. I also need to set up my AFF site and recording. One day at a time and one step at a time. This is getting to be fun.
Marilyn
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"Hope deferred makes the heart sick, but desire fulfilled is a tree of life."Proverbs 13:12
...Welcome to the DG.com website and congratulations for starting your journal. Each day gets you a little closer to the next deal and reaching your goals. Keep up the good work and keep networking and building that contact list. Some of the best contacts you will get are by networking with others as you have found. Good luck with real estate investing. I look forward to reading you progress in your journal. Believe and Achieve!
- Joe
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I have now read both of Dean's books for the 3rd time and believe me, the info overload is daunting, but it is beginning to fall into place. I actually can understand some of this info now.
I called a dear friend tonight and told her I was a REI and she was so encouraging. She even called her son as he knows some real estate investors in Houston and he is going to call me next week and put me in touch with them. My friend was also in real estate as an agent about 5yrs ago and said she would do some research on investors she had worked with in the past. This seems way too easy. Just open your mouth, let people know what you are doing, and they just offer all this help. We shall see.
I spent the whole day on real estate sites and the DG site. I also started setting up my AFF system. It was a bit overwhelming, but I will attack it all again tomorrow. I feel like this is like eating an elephant.....just take one bite at a time.
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"Hope deferred makes the heart sick, but desire fulfilled is a tree of life."Proverbs 13:12