t’s Time! For what you ask? For me to complete my first deal and get off the sidelines, stop being on the outside looking in and get to the inside so I can look out. I am going through Dean’s “30 days to Cash” book setting up my marketing and get my leads coming in. I am really excited, I use to be scared to try the no money down strategies in a small town but as I read a lot of post there are some investors doing really well in a small town even smaller than mine and making money. So I have no excuses, I am starting my journal to keep myself accountable for my actions. Here I go…
Day one 4/15/2013
-Legal Entity setup
-Made a list of why I am choosing real estate to change my life.
-Wrote out my goals
-Business voicemail setup
-Located 3 vacant properties in my neighbor
1st one
-Grass is grown up
-Looks like someone trashed the place before leaving
-Use to be a rental
-Vacant over a year
-The owner lives in another house in the same neighborhood
2nd House
-Rental just moved out (possibly earlier than expected)
-For Rent and For Sale sign in the window.
3rd House
-Tax notice on the door due by April 30th
-Search public records taxes not paid for 2011, 2012, and 2013
-NC is a tax deed state so I can’t just pay the back taxes and get the house, looking to locate the owner to work something out with them.
On April 16th I plan to start some marketing with flyers, craigslist, and business cards and following up on the three properties above. I would like the deals above to create positive cash flow for me, so I was considering the strategy lease option to purchase. Advice will be greatly appreciated.
Happy Investing!
Focused & Action-Oriented