O DOWN DEALS

I forgot to add one thing, I have the keys and I am not making my first payment till 08/01/2010. I still can't get over what people will do if you ask.

Randy

Hi Randy,

Is it easy to find financing for your buyers in NY? I understand how to go about getting desperate sellers. I just want to make sure that I can find qualified buyers for these houses.

Robert

..

This is one thing I learned from the EDGE. It will work anywhere. You just have to get past the fear part. Believe it or not , Everyone that I have talked to has had it. The important thing is what you do with it.

Randy

I've seemed to done great with building a buyers list by posting ads on over 20 free websites. What teqnique were you looking to get started with? I've started with wholesailing with all investment buyers then I'm going to expand to tenant buyers. And welcome to the dg.fam there so many resources it's amazing.

Happy investing,
Gorgeous Frazier

You might want to try this, Get you some little sticky notes and post them around your house That says Fear Has No Part In My Life. And beside them Post Action, and watch the fear leave as you start taking action. GOODLUCK.

Randy

Randy,

Thanks for sharing all your info with the DG Community. Keep up the good work. I liked what you had to say about letting go of the FEAR because it really does hold a person back with their life. Once you realize that.....you are on your way to far better things.

Anna T. in CT

Thanks for your inspiration Randy, I live in Ky. and have found and investor that even told me without me asking him where the meetings are held! And he has a property that he is willing to take out a second for the down payment, it is a rental and has had some damage done to it. He said he just wanted to unload it to cash out. Do you have any suggestions I might use with him instead of going to the bank? Thanks for your advice and imput, Oh by the way, my fiance is from Nashville..Lives here with me now in KY. Hope to talk to you soon. Kevin.

Randy and I met at EDGE 2010 and let me tell you he is all what he talks about. We spent a lot of time together talking about deals and how to accomplish our goals. Since the EDGE we remain in constant contact and he is advising Jeremy and I on a flip deal we are working on with another DG member jbtoggs, who is a great great addition to our team here in upstate NY.
I now consider Randy to be a trusted friend that we will continue on and do great things together along with my partner Jeremy and jbtoggs.

HE IS THE REAL DEAL FOLKS, AND HE KNOWS HOW TO MAKE IT HAPPEN......JAN

AIDEN/COLE PROPERTIES LLC.

Has anyone on this site worked with the DG coaches? If so, would they be interested in talking to me about it?

Thanks
Robert

have you done any deals yet?

You are my hero

That is just amazing. You are brilliant and I loved hearing all of your ways of making true 0 down deals. Congrats on another great deal my friend. I am sure Julie and you will enjoy the house. Let's take 2010 to another level!

Jeremy

Its hard to say without knowing the whole deal. The key is how much does he want and how much is it worth and how much do you have to put into it. If I am putting money into a property I tell them. The only way I can make a win win is for you to carry the note if i am going to flip it. I explain to them that I am going to have money invested in the rehab and if i do walk away you have a house tht is redone. This is just a examapable of one way to do it.

Randy

Thinks for all the positive feedback and comments, Hope it don't make my head swell to big. It's already big enough. It was so great meeting you guys at the EDGE. I just wish we could get all these people that do have fear to realise we all do, And by taking action it does help it go away. I wish I could set here and say I had none at all, But as with the most of us that is not so. I sometimes wonder were I would be today if my back hadn't been against the wall If I would have really work this hard at doing no money down strategies. It was and I did and for that I am grateful.

Randy

Julie said Hi to all, And Jan she said to take it easy on Jeremy He was a sweet young man. well I don't guess my wife could always be right.

Randy

Great advice,
This dg fam is a true blessing everything that I see being done with the dg fam has inspired me to take the bulls by the horn and by next years EDGE event I will be on that stage!! Follow my journal because you will se amazing things happen!!! God bless Randy!!!!

Gorgeous Frazier

Thank you for commenting back. Asking price is 27,500 it isn't in a real bad neighborhood although the property next door is ran down. He said he is willing to go to a bank that he knows and do a note for the down. I would say it needs about 5000.00 to get it into shape. He said it would probably appraise at around 35,000. as it sits. I don't see that. But he did invite me to an investors meeting tomorrow night in Lexington, he is from Ireland and has been here for 5 years and is in the horse business as well as REI. He said he wanted 20% but we could discuss it further. I am just Leary about the condition of the house and even if it were fixed, I don't have much money nor credit anymore, IE bankruptcy. So I know conventional loan or a sub prime loan won't fly. If I were to lease option if he agreed, I don't know how to get rehab money because of my credit. Any ideas? Thank you again for your time, I know you are a busy man. Kevin

It's really hard for me to say much about this deal. But one thing I would like to add. i don't like what I am hearing you say. It sounds like the house you are looking at ia pretty ruined down. And if the one next to you is Bad

Remember people will not like you house if you do redo it with a bad one next door unless you price it real cheap. All deals are not a win win

Randy

you are the Michael Jordan of DG

Once I get back to investing, I will be picking your brain.

Right now, i've got more clients buying than I can handle but once things slow down, i'll go back to buying out of state.

Congrats

Randy, I will keep that in mind I might just pass on this one and hopefully find another one soon. I have only been doing this for about two weeks, so I am positive and know the deals are out there! God Bless you and your family..Kevin

Hey Randy,
Can I get a copy of your Sample pack you had at the EDGE?

Thanks,
Rick

I didn't get a chance to speak with you and Julie at the EDGE, but your comment on FEAR is right on. I realized I was an information junkie and learned so much with everything I read and heard. But unless I got over that FEAR, then all my learning was just swimming around in my head and not making me any money. I had to take the leap off the edge and take ACTION.

Since coming home from AZ I have viewed 6 properties and putting in 2 offers later today, and possibly 2 more tomorrow. Thanks for the post and best of luck with your beautiful new home!

Kristin

picking up a phone to speak with someone to possibly better yourself

asking a question that can help you in the long term

taking action that can make you ask yourself "what exactly was I fearful of???"

FEAR is;

not knowing where your next meal is coming from

worried that you may not have a place to rest your head

Please oh please stop using these words to describe a very standard action. If your 'FEAR' can't motivate you to stop hesitating picking up a phone, then this is not the profession for you.

No more whining in 2010

Glad to see you are taking action, That is 90% of the Battle. If you set down and talk to people that don't succeed And they are total honesty with you they never took action. Glad to see you are not one of them. Keep up moving foward and great things will happen

randy

When your looking for that first deal, And if you don't have a strong construction back ground find one that doesn't have a lot of major repair until you get your feet wet. Each one will get easy. Even though I know what I am doing i stay away from anything major. It's just to time consuming.

Randy

Thank you so much for the words of wisdom. I guess being excited about finding and investor to call me instead of me calling him got me cranked up. If I can pick up the property cheap enough, I might do something. It just has things like rewiring the hot water heater, lights that were pulled from the ceiling and a couple of holes in the walls. The rest is general cleaning and painting. I just don't know what exactly to say to this guy about a lease option. Have you done a deal similar to this? I own my own cleaning co. and have time to put into cleaning and painting and general repair, but wiring and drywall aren't my specialties. When you do 0 down and option contracts, generally speaking, how many days do you ask for before making payments on the note? Or how have you worded it so they don't want money upfront? Do you have an example of a deal you have done this way recently for me to look at? I am meeting with him tonight at an investors meeting, and am going to try and pick his brain a little. Thank you for all of your imput on here you are truly and inspiration. Kevin

great work and keep on going Randy. I have been following your posts here getting all the info I can. There are a couple investment properties here in the area where I live in NE Tx for sale so I am thinking they are owned by a local investor or maybe one out of town. I am researching these to find what I can and see what the seller will go for as for selling price and such. I think I have found a good agent here locally that has worked with investors in the past and still works with them when he can. I told him straight out and honest that I am new to this and that I would make mistakes along the way and a few other things like I read on a post here on this site but cannot remember who wrote it to be exact but I used some of what was posted and this agent said he would be glad to work with me and was happy that I am trying to be honest in what I am doing and making it a win win situation for all parties and also knows how I am looking to buy properties by not using my own credit and very little and when possible 0 from my own money. I just love your posts here and will keep reading them to help me along the way as well.

Shawn

I really like your attitude. That is something that I always do is be honest with all parties involved. It's kinda hard to go wrong if you tell the truth. It will either work or wont. wish you the best of luck.

Randy

Randy i would like to thank you for all of your inspiration. I try to look at what you wrote because you speak the truth and it makes believe in myself.
BLESSINGS TO ALL!