Blogs

Looking at a home that currently cash flows at 500 a month. We are in the process of figuring out if we should lease option it ourselves, sandwich lease with someone else, or sell.

I know it is only a matter of time before we actually do our first deal.

We need to call back an interested seller who found us from our ad campaign. Now to figure out what will be our exit strategy. We are waiting to see if he wants to sign a lease option with us.

Every day we are taking small steps. Spoke a bit more in depth with a friend who is interested in buying a fixer upper to resell.

Baby Steps

I have just finished AGAIN "30 Days to Real Estate Cash" (for the 5th or is it 6th time). I have spent the past Christmas season and then "Inventory" working at Walmart as a Photo Technician. It was my secure thought that as I did, I had a sure income every two weeks (even though I was only a Part-time employee). Why not? So was everybody else. You see these days Walmart,and many other companies, no longer hire full-time employees. All that was true until a week ago. I was terminated from my "Secure" (Part-time)job at Walmart.

Just watched Dean's weekly wisdom. I am so grateful for these.

I have had to overcome a ton of fears this week. I made phone calls to our first 2 prospects. I was not able to help one person. We are waiting to hear back from the other person to see if we can help him.

Me being the kind of person who hates to see people struggling and knowing that we couldn't help this person, I turned to my husband and said "Isn't there something we can do?" He got on-line and found this website for government programs that says they work with people in her situation.

So we directed her to:
FHA Outreach Center 1800-225-5342 and the National Servicing Center 1877-622-8525

I hope they can help her, if not we have her on a list as a potential foreclosure property.

We have been busying figuring all of this stuff out and implementing some Dean's techniques.

We mailed out post cards to people behind on their taxes.

We started receiving calls yesterday. Yay!

We are now looking for advise from our DG family. We are coming across many cases where the owners have taken out a loan on the equity. The now owe more than they bought their house for and are behind on their taxes.

Is there anyway we can help these people? I know numbers don't make for good deal, but are there any other options I can offer them?

Would love to hear your thoughts.

So after going to the edge again this year I really dove into the real estate and one of the first things I did was put out some bandit signs to get a house we had sold.

Not going to lie it was difficult. The ground here in New Mexico is hard but I was able to get all 25 signs out in different areas in my town.

We got non stop call over the memorial day weekend and we were able to get that house sold in 6 days and got 6 new buyers on our buyers list just from putting out bandit signs one weekend!!!

SO WHAT IS STILL WORKING??

1. BANDIT SIGNS

2. BANDIT SIGNS

3. BANDIT SIGNS

4. BANDIT SIGNS

I have a seller that is willing to let me update her property pay her 56K at closing once I have an offer, and sell for as much as I can after I do all updating... Problem is, I do not know what contracts should I use. She does not want to deal with the property. Thanks...Laura