Investing Journals

i just realized that a DEAL is classified as #1 if u buy and #2 if u sell or rent incl profit of $1000 soooooooooooooooooo i have just closed on deal #3 to recapp i bought a 3 bdrm sfr for 21000 that came with an empty lot .sold the 3 bdrm on a land contract for 38000 with a 2006 manufactured home as a down payment.i allowed 18000 down pymtfor the manufactured home so that leaves 20000 left which is approx 280 per month at 8% for 7 yrs. now i still have the manufactured home to sell which i am eagerly advertising locally to get some cash back AND.........

I have been around this site for a couple months now and have yet to start my journal so I decided I might as well get on it. I don't feel like writing out every day for the last two months so I'll give a brief overview.

June
Began reading Dean's books and looking at ads on craiglist.

After finishing both of the books I was ecstatic to begin my investing career at the ripe age of 19 (If jeremy can do it at 18 surely I can do it at 19 lol).

Well- I posted a response to the wrong spot I guess- so Ima try it this way!! I am about to start the Academy and I am so excited!!! My husband and I are also looking at proerties right now!! There are so many possibilties that we are amazed. I can't believe it- the "killer" deals are everywhere. I have found what I think will be our first properties, but what I was wondering is what everybody's take is, is it easier to make your first deal a sell to a buyer or maybe keep it for a rental or lease. What has worked better fro ya'll- just want some opinions! Thank ya'll have a great day!!

I wanted to wait until I got my toes in the water a little before I wrote about my journey with investing.

Let me start off by saying that when I finished reading Profit from RealEstate right now, I was so anxious, scared, nervous and excited. I knew what to do but I was still stuck on starting. I guess i was still a little doubtful in my sucess.

Well I plan on reading it again and I have a little notebook just for investing with notes on everything i feel was important in the book ( which was almost the whole book! lol).

Okay. Here's a property I'm interested in :

TWO MOTT HAVEN BROWNSTONES DEVELOPER'S DREAM. MUST SEE

Updated 133 days ago

$330,000
Willing to negotiate

7 beds, 3 baths, 3000 s.f., 3 floors
Single Family

It's FSBO, built in 1960.

THE PERFECT INVESTMENT, A BUILDER'S OR DEVELOPER'S DREAM. TWO BROWNSTONES IN THE UP AND COMING AREA OF MOTT HAVEN. CLOSE TO ALL PUBLIC TRANSPORTATION. LOW TAXES, FENCED IN BACK YARD, FINISHED BASEMENT PLENTY OF ROOM TO BUILD OR DEVELOP. PRICE IS FOR EACH BROWNSTONE. HOUSES ARE CURRENTLY RENTED WITH A VERY POSITIVE RENT ROLL.

I am about to make my first 2, yes 2, deals. After finishing Deans books. And interviewing with the tax club, I created an S-Corp. This is taking longer then expected but I remained positive through-out the whole ordeal. Anyways back to the deals.

I should have started this when I first ordered the EDGE course. I took a HUGE leap of faith in doing so. I'm hoping it lives up to the hype.

Hello to my extended DG family!!

Yesterday, from www.creonline.com I was able to gather 10 REI clubs here in NYC.

On Monday morning I will begin phoning them and thereafter, make a decision on which one to join. The deciding factor will be how active the club is and the # of members attending.

I'm looking to master ASSIGNMENTS and understand that this will help build my cash flow quickly so that I can become versatile in how I invest.

I plan to reread DGs books and take further notes.

That's it for now. Once I decide on a club, and begin moving closer to my dream, I'll be back to add to what I've started.

Todays my birthday!