Investing Journals

well here i am--sticking my feet into the water known as REI!! to say that i am scared would be considered an understatement at best--i am terrified!! but i also know that i will never get anywhere unless i just get out there and get things underway.

just a brief refresher on me: i am 46, single mother of 5 (and grandmother of 5), now unemployed for a little over six months, i have a very disfunctional relationship with my boyfriend (i love him but i hate some of his negative mindset), and I am determined to prove him wrong. He does not know that I am doing this and I know if I say anything he will have something to say that is not only negative but will attempt to cut me to the quick.

Today's topic:

Building my buyers list.

Today's question:

Your experiences with Investor buyers.

As I build my investor list, it seems there is a good appetite in the market for discounted REO properties. As I reach out to investors I find there are investors in my state/2state area, and there are investors working across the United States.

As I shift into a new way of thinking and a new way of doing my business, is it all pretty much the same if the investor comes from half way across the country or just down the street in my home town?

I really enjoy being in the Success Academy. They are doing a very good job of keeping me moving toward making my offers, while at the same time firmly reminding me of the importance of building my list of buyers first.

Hello to all,
I just wanted to say hello at this time. I'm still learning and reading the books. I have to learn to communicate like this but, I know the more I do it the better I will get. So, hello and thanks in advance for the the help until next time.

The more I get into the Success Academy lessons, and mix that with my experiences, mixed with my driving focus on 'I have to figure out how to be on the inside of this real estate bonanza we are in right now', doing re-assignments seem to be a fantastic opportunity for a real estate agent who is already familiar with making offers, determining values, etc.

Are there any points I need to be sure to address as I start to make my 'and/or assigns' offers on properties?

I have a pretty good idea on the profile of properties to look for, margins to work toward, etc.

Just don't want to find myself in a position of suddenly having to personally buy 3 properties in the same week that I had planned to re-assign.

Thanks to everyone who posts on this site.
The feedback is GREAT !!

Sometimes our days can be so full and busy that we forget how fragile life really is. It’s easy to allow little things to creep in and steal our peace and joy. Maybe something doesn’t go our way or someone says something upsetting. Even traffic can cause us to lose focus if we let it. We have to remember that each day is a gift. If we choose to focus on what’s wrong, we’ll miss the beauty that each day has to offer.

Peace and Blessings,
Sheila

Hello,
I joined Dean's Success Academy this week.

Here are a few thoughts for why I joined.

After being in the retail side of the real estate business as a real estate broker for over a decade, over this past year I have met too many people who are on the investor side of the real estate market.

Finally I woke up to the fact that being 'in' as an investor is superior to being on the 'outside' as a service provider to the deals happening in real estate right now.

I see a fellow here in my town occasionally, who is doing a terrific business on buying, doing a quick rehab, putting in tenants on a one year lease, then selling the property to other investors and still pulling a good margin out on a quick in and out deal.

I was just wondering. There been some talk around here about Mortgage Assignments. Has anyone out there in DG land heard of this or have any experience on this type of assignment?

Any good or bad feed back?

Gene.

Hello All,

We are happy to be a part of the DG Family and are actively starting our real estate investing journey. I, persoanlly, have wanted to be investing in real estate for at least 10 years and have never taken full action! I look forward to learning from all of you that are here! We are fully invested and are excited, but at the same time we are scared.

So far we have purchased 2 of Dean's books, attended the Insider's Edge 3 day workshop and are now in day 8 of our training and action plan.

Here is what we have done so far:

We started our buyers list - we still have a long way to go!

We have found over 25 FSBO properties

We are calling these sellers to see if they are flexible

We have placed two classified ads for buyers

I am starting with Zer0 $ of my own money to invest. I will be focusing on assignments and lease options to begin my investing career.
Two main reasons I am starting this journal -
1)- To be more accountable.
2)- To TAKE (more) ACTION.
Prior to yesterday - Last Wednesday, Thursday Friday and Saturday I read the entire Profit from Real Estate Right Now (I have not read many books in my life and I am not a big reader but I had some time and could not put it down). Also, I have had the 2 books for ? 1/2 a year or so.
Yesterday -
- I put out 1 flyer at a local grocery store.
- Called back a caller from a bandit sign that I put out Thanksgiving day.

the guy that wants to buy the home wants to send a cashiers check threw the mail.
Ive heard a lot of scams that do with cashiers checks.. what do i do? is there another way for him to buy the house with out the cashiers check??