Reat to Own Deal Closed 2/5/14 = $3760

put more than 1 flyer out lol...looks good tho

Hello Dan

It looks like you took a little time to decide to get going,but better late then never.

You need to put out a lot more flyer's, and dozens of bandit signs every week.

But it looks like your heading in the right direction now,just keep going and don't look back. Good Luck

Jim Kendrick

KEEP GOING, DON'T LOOK BACK AND SPECIALLY DON'T GO BACK, SOME HOW WE WILL
BE ABLE TO MAKE IT. BEST OF LUCK..... YOUR FRIEND ADAMINA

I appreciate your replies rbj228, Jim Kendrick and nana10 2009.
Thank you, I will be putting alot more out. Only had a little time and a few made so I wanted to get going but thank you. rbj228, looking back that was a lol moment but, had to start with 1 to get to 2 etc. thanks again and best to all.

Yesterday -
KNOWLEDGE =
- Listened to the first 2 sections of The Edge.
- Completed the 3 tasks that Dean told the students to do. 1)- 10 Coolest things about me 2)- Where I am now, going and how to get there.
3)- Constructing your success network.
- Watched a 50 minute online class on HUD (Housing a Urban Development).
- Read 10 pages of Be a Real Estate Millionaire.
ACTION =
- Started my Cash buyer list. Contacted a cash buyer that I had sold a house to years ago to assign homes to. Put him on my Cash buyer List (1).
- Got 2 FSBO's #'s on may way to put out a bandit sign.
- Put out 1 Bandit sign (Ok, I only had 1 made and I had to get to work);-0 .

Favorite Dean quote yesterday: "Become crystal clear on the path I am taking"

Was anyone able to purchase the Edge Home Course from Deansedge.com last night 11-30-10 ? If yes, how did you log into the site? thanks..
Frank

Hey Frank,

I bought The Edge 10 from this site. I noticed there is a link to it just under my first journal entry. Scroll up to view it (unless it has been removed or replaced with a different tool / offer.) Best Wishes!

Congrats, I think you are on the right track. Before I did my first deal, I had to do it a different way. I started out with no money, and I used other people's money to get started, and I still use it to this day. But for me, I had to believe that I could do it. I had to really believe in my mind and heart that I could be a real estate investor. Once I let go of that resistence, it was amazing how the world opened up to me. I am lookng forward to reading about your first deal soon!
Jeremy K.

I put my first advertisement on craigslist yesterday simply stating that I have homes available at a considerable discount to FMV. I've receivd two calls from real estate companies chastising me about doing this without a license! My response was that I was new to REI and was for now, just looking to bring buyers and sellers together. Eventually I do intend to get licensed. Should I expect more reactions like that or is there a way to respond to that criticism?

Thank you Jeremy K., / jkelly1 - I would love to here exactly how you did your first deal from start to finish with someone elses money. I have bought and sold 2 properties many years ago. One I bought for $1,000 down lived their for 3 years rented it for years then sold it.

Mattmazz - Many successful RE investers do not have a licence. I am not a successful real estate investor yet! I do have a real estate broker license in Ga. I read a forum on this site recently about ghost ads. Maybe you ran into a disgruntal real estate agent trying to find homes or seller to list properties? If you do not have a property under contract, perhaps find a property maybe a FSBO that will agree let you market thier home? Then use that property to build your buyer list? Wish I could help more, but also, I am not a coach and do not want to give you bad (free) advise.

Best Wishes to all. Thanks guys!

Yesterday -

KNOWLEDGE =
- Listened to Talmadge Bell and Rina Krisak on The Edge 10.
- Read 10 pages of Be a Real Estate Millionaire.

ACTION =
- Added 1 buyer to my cash buyers list.
- Did a proeperty search for a bandit sign call.
- Looked up information for a property for a cash buyer #1.
- Looked at homes in my city listed below 50k.

Favorite Quote I heard yesterday - "Don't let fear stop you. Tell yourself, I can do anything that I set my mind to and just go for it." - Rina Riscak

Yesterday -

KNOWLEDGE =
- Listened to Greg Murphy on The Edge 10.
- Read 10 pages of Be a Real Estate Millionaire.

ACTION =
- Completed my Flyer Template.
- Completed my Bandit Sign Template.
- Visited 1 vacant FSBO.
- Called/Marketed one Cash Buyer that I had shown to houses to about 1yr ago.

Favorite Quote I heard yesterday - "you gotta do your work. There is a process, there is steps you have to take and once you start taking these steps and repeating these steps you will have success" - Greg Murphy

Welcome to this site and this new experience of being a REI!

Just read, read, read as much as you can and you will learn so much about how this business works.

@ Matt,

Yes, you can probably expect more calls like that. People don't like competition, especially when the market is bad. A lot of agents don't understand how we work. With RE investing you are tying up a contract with a seller (in assigning or wholesaling) and selling "your contract" to a buyer. You are not selling another person's property for them. Then, you would need a license.

Karen

Thank you Karen. I appreciate your tip. Also, thank you to responding to Matt that was a nice thing for you to do. Best Wishes to you and thank you again.

- Dan

Yesterday -

KNOWLEDGE =
- Read Chapter # 5 in Be a Real Estate Millionaire.
- Read 3 pages of jbtoggs journal (Good journal with inspiration and info.).

ACTION =
- Called cash buyer from yesterday. Updated his email address, wrote down his wants, said he was glad I called and he will let me bird dog to him. He wants big discounts, I have started the relationship & he is on my Cash buyers list.
- Returned a call from a bandit sign.
- Got set up on FMLS email alert, will get email each am with all homes that are 3/2 or bigger in Powder Springs Ga. (about 45 minutes west of Atlanta). If you are Ga. PM me if you need the help of a real estate broker licensed in Ga.
- Found a REI group in Cobb County. Plan on going 2nd Monday this month.

Favorite Quote yesterday - "You can get what ever you want from people if you know how to ask them for it". - Greg Murphy

Yesterday -

KNOWLEDGE =
- Read the last 4 pages of jbtoggs Journal.
- Started reading chapter 6 of Be a Real estate Millionaire.

ACTION =
- Returned 2 bandit sign calls(one is approved to buy to 85k in my area, has a agent but said she would buy from me if I found her a home. Looking today).
- Researched a home for cash buyer #1, it is still avavilable.
- Set a appointment to meet cash buyer #1 to look at a home and discuss another home that he has for sale.

Favorite Quote yesterday - "You can always negotiate price, but just asking for a lower price is rarely going to work unless unless you can either justify a reason for your lower price or offer the seller something in return for that lower price". - Dean

Good for you!

You are getting some good responses to your bandit sign!! Just think how well you'd be doing if you had TWO of them up! Unfortunately, they are illegal here...

Karen

Thank your for your post,

Yes, these last couple of calls were from signs that I had put out prior to starting my journal. Here we can only have them out Friday after 5:00 until Monday 8:00AM. I do not put to many out because I want to make sure I can be fair to all and call them back and try to help them. As I make more time I will have more up. When I put out a sign most of the time I have someone elses property that I am trying to market. I currently have several up in stratiegic locations that I can leave up. They do get pulled usually within 1 day to 2 week sometimes longer. When I put them up all over they get taken down quickly.

Perhaps you can put them up in your area from Fri.evening until Sun. evening?

Best Wishes!

When someone tells you that they have an agent, make sure they did not sign to to work exclusively with that agent.

Jim

I appreciate your comments, please keep them coming.

Also, when someone else reads this. Those agreements can be cancelled, expired, incomplete and various other reasons to make them null and void.

Thank you Jim,
Best Wishes,

Great job buddy! Keep up the good work and make sure you post in this journal everyday! What a great idea! Sounds like you are cruisung through this...

Yesterday -

KNOWLEDGE =
- Finished reading chapter #6 and started #7 - Be a Real Estate Millionaire.
- Read some Forum and Journal posts.

ACTION =
- Searched for a home for my 85k buyer.
- Returned call from bandit sign.
- Organized , started a notebook (to stay organized) with
1- Sign and flyer calls, names and phone numbers.
2- Callers I spoke to, I know what they want and am looking for a home.
3- Buyers that I am showing homes to.
4- Cash buyer list.

Favorite Quote yesterday "Happiness is not the mere possision of money; it lies in the joy of achievment, in the thrill of creative effort." - Franklin D. Roosevelet

Thank you for your comment / encouragement Jim. Yep, my plan is to post everyday, mo matter how much or how little. So far so good, yesterday I did find my self thinking around midday "ok what am I going to do this afternoon/ evening"? Also, Jim what is the main reason to start your LLC? I know the sucess acadamey suggests, encourages it but what was your the main reasons?

Best Wishes,

Yesterday -

KNOWLEDGE =
- Finished reading chapter 7 - Be a Real Estate Millionaire.

ACTION =
- Called 2 FSBO's 1)- needs a kitchen, has 2/12 acres, 2)- is free and clear, sellers mom died, sister lives in the home. I have to check value vs his asking price. Then go see inside, will ask if any other property for sale?
- Returned 2 bandit sign calls.
- Set appointment with 85k buyer Thur. 3:30.
- Set appointment with cash buyer Wed. 10:00.

Favorite Quote yesterday "You must need to change so that changing your life is your only possible option. After you need to change, you'll find that you can reach any goal you set for your self" - Dean

Yesterday -

KNOWLEDGE =
- Watched Matt Larson on The Edge 2010.
- Started chapter 8 in Be a Real Estate Millionaire.

ACTION =
- Previewed a property with cash buyer #1. This is a home that he wants to by as his primary residence. It would not be a rei investment deal for me BUT it would get me the money for the success acadamey, (405k purchase listing agent offering 6% commision to selling agent), so it would be a big piece in my rei journey. Also, he does buy many foreclosures using hard money. We also discussed him getting me a list of his next few properties that he is looking to buy.
- I found 4 properties that sold within the last 2 months for cash in my area(found them on FMLS). Found them using a technique that Matt Larson mentioned on The Edge 2010.
* I will not be inputing anything in this journal about what I should do, want to do or am planning to do (I have done that for many years prior to this start at rei). I will only be posting what I did you yesterday. - Glad I typed that!

Favorite Quote Yesterday - You are worthy. You deserve to be happy. You can achieve your goals. You are special. You can do anything you want to do. You deserve to be who you want to be. - Dean

(Thank you Dean, brought tears to my eyes). Dean is an angel!

- Yesterday

KNOWLEDGE =
- The Edge 2010 - finished disc #2 watched Dean with Matt and some students.
- Finished reading chapter #8 - Be a Real estate Millionaire.
- Watched a 42 minute flat fee listing webinar, will be helpful to get into pre-foreclosure homes.

ACTION =
- Gave the cash buyer #1 the comparable sales information he requested.
- Searched and found a Estate Sale home for sale.
- Went to the Estate sale home to check it out. I see $$$$$ signs.This house is a big mess. All rooms need rehab and both bathrooms need to be gutted. BUT, it is 4 sided brick.
- Registered for a HUD class. How to bid, market, and general HUD procedures.

Favorite Quote Yesterday - "Anything is possible as long as you take action and never give up".
* Also, "I recommed finding a mentor, someone who can teach you what he or she knows" - Dean

- Yesterday

KNOWLEDGE =
- Went to a 3 hour class on the new HUD homes website. Who can buy HUD homes, when investors can make offers, how to make offers, market, and finance HUD homes with FHA, conventional or cash buyers.
- Started reading chapter #9 in Be a Real Estate Millionaire.

ACTION =
- Had a appointment with a bandit call buyer to meet in person and get from her exactly what she was looking for in a home.
- Went to look at 2 homes to see if they were at fit for a bandit call buyer.
- Researched the value of the Estate home that I looked at yesterday. Also, researched the tax records for the Estate Sale property. Not exacly sure what direction to go with on this property.
- Wrote my letter to go to cash buyers on homes that I find through FMLS that have already closed (anyone reading this in Ga. that wants info. on FMLS contact me and I can help you).

Favorite Quote's from yesterday - "If you want to succeed, simply try and keep trying until you reach your goal" - Dean
"Courage is going from failure to failure without losing enthusiasm".
- Winston Churchill

Good going Matt keep up the good work.remember if you come across any rehab problems or questions just post on REHAB QUESSTION ASK JIM,that way others can benefit from your experience also, You can also PM me when ever you might need some help.

KEEP MOVING FORWARD AND YOU WILL REACH YOUR DESTINATION SOONER

Jim Kendrick

Sorry Dan the post above was met for you, my granddaughter is here distracting me and I forgot who I was posting.

But the message is good for you too Matt

Jim Kendrick

Hey I appreciate it just as much. Now I know about REHAB QUESTION ASK JIM. I may have one soon on the estate sale that I am looking at. Thank you again and when you have any info. advise, thoughts please do not hesitate to post them. I read alot of your posts.