Investing Journals

I have come across another possible deal but I’m going to need some help with this one.

It is a home that has come out of probate. There are 5 siblings that need to sign off on any sale. I have the blessing of 3 of the 5 but it looks like 2 (1 lives in Miami and the other lives in Alabama) are going to be a bit difficult. These 2 have never helped the other 3 with any of the expenses like taxes, repairs, code violations etc. These 3 need to sell so they can get out of the obligation of paying for the maintenance and such.

Anyone, that has worked with Probates, have any suggestion on how to go about to win these over to agree to sign off?

Thank you,
Gene

NEW YORK (AP) -- JPMorgan Chase has temporarily stopped foreclosing on more than 50,000 homes so it can review documents that might contain errors.

JPMorgan's move Wednesday makes it the second major company to take such action this month, underscoring a growing legal problem. The issue could stall an already overloaded foreclosure process.

Still, analysts don't expect the delays to reduce the number of foreclosures over the long run.

"It will probably slow things down for a couple months while these documents are reviewed," said Rick Sharga, a senior vice president at foreclosure listing service RealtyTrac Inc. "It won't stop things."

I had set my goals to do my very first deal with in the first 90 days of joining the Success Academy. I made it by the skin of my teeth you could say I was just 2 days from the 90 days.

But, the great thing is that I met my goal. I found this house and put it under contract on August 18th and had it under contract for sale on September 20th. We just closed on the deal on the 23rd and walked away with a profit of $10,400.00. Not bad I say for the first one.

What really make me happy is that I sold it to a young man who is going to rehab it for himself and his fiancé’ and he is really excited because he will be able to rehab it and have about 30K in equity when he is finished with.

Day 1 Ordered Dean's new book.
Got list of REO's from local news paper website.
Found 5 properties that met my criteria.
Drove by 2 of the properties, it got dark outside and I went home. I felt something crawling off my shoulder while standing in my kitchen....it was a spider from the last property(I had been checking out the overgrown yard of a 100+yr old home)freaked out, smashed it and went to bed.

Day 2 Went to the open house at the 100+yr old property, lots of lookilous but needs tons of work, no thank you. Drove by the other three properties. Noticed one property still had occupants...huh.

Day 3 Went golfing (Sunday)

Currently have 2 FSBO's that want me to sell their homes. Put ads in 2 local papers, have gotten various calls from interested home buyers and investors. Bought FSBO signs with my number posted, bandit signs, open house signs, and am waiting to get my biz cards, post cards and fliers via mail. Have started posting ads in craigslist.

Have people with $$$, but so-so to bad credit, but some have up to 60K down pymt.

I've got 2 RE brokers, and 2 loan officers too, but I feel stuck because I am being told that I cannot do these things w/out an RE License legally.

Well here it goes… This is my commitment to being successful in the real estate business. I could say that I have tried some of everything in the past with some success, but I am not where I need to be yet. I only have the home that I currently live in and nothing else in real estate. Years ago while in the Army I wanted to invest in real estate, but everyone from my commander and a number of other told me that it was too much trouble while in the military. I let them talk me out of it, big mistake. I now know a number of people that did purchase property while they were in the military and they had success with them. My initial goal was to invest in a number of houses and then get out of the military. Well I stayed in Army and saved my money, but when I got out I went on to become a banker. I later opened a franchise restaurant (My Dream) instead of purchasing real estate and lost a ton of money. I should have stuck with my original plan and invest in real estate.

It has been a year since I used my last journal. I just recently got the Set For Life program and have re-lit the fire inside to make my first deal happen. In the past couple of weeks I have watched all of the Edge 2010 training DVDs and built my websites online. I recently went shopping for a Real Estate Agent and believe I have found one that is going to work (finding an agent in California to work with is difficult). I will be meeting with him tomorrow for the first time to discuss my strategies. This week I am starting my marketing online for cash buyers, putting out fliers, and marketing to my list of cash buyers on the SFL system. This is a new chapter in my Real Estate Investing Career!

Greg Rowe

Elk Grove, CA

Thank you Jesus for all that I have. I have a roof over my head, I have clothes on my back, some food in my stomach and Real Estate as my path to a better life.

I know I am guilty of taking the things I have for granted, but I am soooooo greatful for everything that I do have. Even when we had "nothing" I still had alot. There is so much opportunity in this land that we call the United States of America, its truely amazing.

I thank god for everything he has blessed my family and I with.

And now, I should..."Get off the couch and buy a house..."

Its time to start are journal because we are now on the path and the right road to finally be SET FOR LIFE

I have been involved with real estate investing since 1998, but have never made it big and lost everything from 2007 to 2010. I used to work with several family members and now there is only me! But I am determined to make it and know that I need mentoring to be successful. I have only bought and flipped homes and rode the wave from 1998 to 2007 - when this all came crashing down I was not prepared, have no rental properties, and am now on the edge of bankruptcy... I really need help to get out of this mess! I hope to get back in the black financially and be able to live in Oregon in the summers and Arizona in the winters where I have some family - but for now I have to stay here in rainy Portland year around. I have only read the first 65 pages of Profit from real estate right now!