Rina's DAILY JOURNAL: Chapter One - The Beginning

I have a few rentals now . Hope to add a few more rentals in the months ahead.

First time on this site . It looks very interesting to hear the people that actually do g through the process of allthe different types of searches for properties .
I am doing this from southern Pennsylvania, out in the country. My base of operations is 18 miles from any centers of population, a little more difficult than working from within , or close to any size of a town or small city.
My I ask what part of the county the rest of you investors operate in?

Hello William,

One of the top users is "Sully". He is also from PA. You might want to PM him and ask about his success in PA or at least check out his bio and some of his threads. He has come a long way in a few short months. He is well on his way to being a RE Millionaire!!!

I wish you much success!!!

Thank you,

Madison wrote:

Are we married to the same man? lol He sounds just like my husband!!!

I come from a similar background, scrounging for that last two cents to buy some milk! I have even gone through Foreclosure---probably one of the most devistating situations...ever....!

I've been high and I have been low. Unfortunately, I am in the low, monetarily wise, but, am wealthy beyond belief emotionally with the DG Family behind me.

Soon, I will be at both Highs, thanks to Dean, you, and the rest of the DG Family.

A Thousand + Thank-yous!!!!!

I hear ya, sister! But you will soon be on the HIGH!
Like Lena and Sandra said, too, life is full of ups and downs. It feels really good to be on a different plateau of them. And you're right. The DG family is like no other. It is SO wonderful to be a part of such a supportive group of people!
So keep your head up. We can have our own wives' support group, and slowly, but surely, we will change our husbands' thinking. Even if not, WE can have the PEACE, right? lol

Love ya,

Rina

Welcome to the DG family.

We're looking forward to hearing of your continued success!
Congrats on stepping out. (GREAT book, isn't it?)

Rina

Well, I sat down with a new mortgage broker this morning for over an hour. I think this is going to work out well. He has a list of private investors and conventional resources available for just about anything you could think of doing. hard money (short-term (10 days or so) to long-term (6 months or so). to conventionl 30-year.

Lease/options: He also has worked with other investors, finding them funding for their purchases straight on through to planning the lease/options for the properties, AND qualifying the renters and helping them get financing. He also printed me out a copy of an actual lease/option agreement that they use.

He wants to "pave the way" in advance for any deals I come across. This means getting in contact with his investors and giving them a heads up (some of which are clutching their money at this time, a little leery of letting it out)so that funds will be available quickly when asked for. They also have NO SEASONING for re-fi's with the conventional 30yr. Sounds REALLY good.
I asked about funding sheriff's sale purchases, but he said that would be a little tough. Better to buy and then refinance.

I am hoping to establish a good relationship with these resources and then pass on the info to my friends here to use, as well. He only works with people in 4 states. If anyone in MN, WI, SD, or FL wants to leave me a PM, I can give you more info or pass yours along to them. They do ask for a very good credit score (I'm not sure what that means number-wise). And the broker gets 1% of any transaction. Is that a good rate (those of you that have used them) ?

Rina

I notice you haven't put in an entry in your journal here for a while. I hope you are having a nice vacation, or are busy with deals in your REI. I wish you the very best. Pas. Greg

I WISH I was on vacation (somewhere WARM, it's 18 degrees here). Just been super busy. Along with the REI, I’ve been more busy with family/volunteer commitments the past couple weeks. I was in charge of our school’s Thanksgiving Dinner. Shopped, baked enough turkeys and homemade pies (and all the other fixins), along with help of course, for 120 people. Altered a costume for my daughter. Attended her singing events (she has a FABULOUS voice). Our 18-year-old son accidentally ran a fillet knife THROUGH his left hand the other night, in through the palm, out through the top. Thank the Lord he missed any tendons or veins and will be fine. Traumatic, though. I’ve checked out a ton of houses and have one assignment “in the works“ (enough to satisfy my promise). I’m not sure what will happen . I feel very bad for the family. The owner (dad) was just given a couple weeks to live (terminal leukemia). I am mostly praying for them and don’t want to push any REI issues at this time. Have been helping my investor “shop” for another house, too. He’s a slave-driver. lol. Mother-in-law’s birthday this weekend. Holiday stuff coming up. You know, LIFE. But I hope to be back here more in the near future. NEVER will leave my DG family.

Hope all is well with you, Pastor Greg. Thanks for checking on me. I do appreciate it.

God bless you and yours,

Rina

Rina,
So sorry to hear about your son but glad he'll be ok. Once when my daughter was little she was "wittling" a stick & cut her finger, I was scared to death! Glad she's older and I don't have to worry about that stuff anymore. The worries are a little different now.

Another assignment huh? You're awesome. Glad to see your investor is keeping you busy. LOL!

And about that news???? No, I haven't forgotten!

Keep in touch Sis!
Dawn

Thanks for taking the time to update me and your other RE fans. So glad to hear your son is OK. Wouldn't wish that experience on anybody. My wife and I have been going to a 3 day RE seminar put on my Jeff Adams. Ever hear of him. We are getting lots of good info, and tools; costly, but we believe will be profitable. As we use them & meet with success we will share them with the family here. Have a blessed Thanksgiving. Pas. Greg

Yes, we all have SO MUCH to be thankful for. We are truly blessed. Even when you are going about things you've ALWAYS done, you never know what can happen in a split second. This time of year a person really thinks about all that they take for granted every day. It's a good time to reflect.

It will be encouraging to hear of your success, Pastor Greg. I hope you and your wife are enjoying it together. It's nice to have a good partner.

Dawn, I know you're getting closer to that first deal! Keep us informed, girl!
And you're right, the concerns for your children never go away, they just change with the years. Once a parent, a parent for life, right?

I wish all my DG family a very wonderful, blessed, HAPPY THANKSGIVING!

Rina

I truly hope everything is okay with your son. Thank God it was not more serious. I will be praying for him. Sorry to hear about the homeowner predicament. May the Lord continue to bless him. Rin, I see you are quite a busy body. Do not forget to take time off for yourself, especially around this busy time of the year.

Sandra

Yes, amazingly his hand is almost healed over already. And no infection. (He's a very healthy guy, thank God) Thank you for your prayers. For the homeowner, too.

I think we all get really busy this time of year. It's good to remind each other to take time for ourselves and family, and the true meaning of the season. Of course, for all of us REI fanatics, part of relaxing IS researching/looking at properties and making deals. It really is therapeutic, isn't it? (and I know it's not just me! lol That's why I love this site. like-minds. )

Luv ya!

Rina

Wow, I spent a lot of time reading the blog, now as I look at the clock I wonder where time went....Oh yeah, DG Site!!!!

I wish everyone a very Happy Thanksgiving, I know I will be on the site later that day.

Wow you put in a long day!!!

Agent Greg

Rina, I was very interested in your comments on Foreclosers. More importantly we have some things that are in common such has having children in Christian School and it seems a devotion to Christ.
My question is the distinguishing features of Judical Sales, Upset Sales and Sheriff Sales. Especially what liens, Mortgages, etc are divested in the process under each type of sale.

Rina, I am glad everything is fine. From my family to yours and ours i.e. the DG family have a Happy Thanksgiving and please be safe everyone. God Bless.

Sandra

Thanks for visiting my journal. Hope all is well over there in MA. REI treating you right?

Rina

P.S. Happy Thanksgiving to you and yours.

Welcome to the DG family. I think you will enjoy being here and find it very informative and supportive!
I can appreciate the things we have in common. Thank you for sharing that.

Your question:
"My question is the distinguishing features of Judical Sales, Upset Sales and Sheriff Sales. Especially what liens, Mortgages, etc are divested in the process under each type of sale."

I'm not sure what an "upset sale" is. I'll have to google that to catch up with you.
http://ezinearticles.com/?Tax-Deed-Investing:-What-is-an-%E2%80%9CUpset%...
OK, I did that. Interesting... I don't think we have that here in WI, but I would love to discuss.

Of the three you listed, I am only experienced myself in Sheriff's sales (which I find very exciting and love), in which a sheriff's deed is given to the winning bidder after the confirmation hearing is done. YOU MUST USE DUE DILIGENCE! If you would like to read an interesting story about one I purchased this year, read this thread.
http://www.deangraziosi.com/node/3991

I look forward to more dialogue. Thanks, Todd.

Rina

P.S. Sandra, check your guestbook.

Thank You......For your Text, Happy Bird Day to you too, SULLY

You're welcome and Thank you.

Tell Krystal "Happy Thanksgiving" from me, too.
Have a great day!! (And don't eat too much! )

Rina

rina,
glad to hear your son is doing well. it sounds like you have been very busy but then the holidays will do that. hope you had a great turkey day.

dee

Hope all is well with you, too, and that you are having an awesome start to your holiday season.
How is REI treating you? Keep us posted, OK?

your sis,

Rina

too, too many leads! I am POOPED.
I can't believe how many investors there are wanting to get rid of their properties and move to warmer weather. (That will probably be me in 20 years. lol)
BUT, for now I will work on making win-win situations for both of us.

New sources for leads/bird-dogs I have found:
Contractors
People at the different departments in the home-improvement store
Friends who know friends
Previous landlords of my current tenants

Like Dean said, word-of-mouth is one of your best sources.

I'm sure I'll be saying it again, but

MERRY CHRISTMAS to my DG Family!!!! and a HAPPY NEW YEAR!!!

with Love and appreciation,

Rina

Hi Rina!

How are you? We didn't talk in a while.... Since you are the one with the BEST connections on this site, I'm going to ask you first:

I have a couple of clients who would like to make cash offers on properties (preferably SFH) if the price is below 60% of the current ARV. Do you know of any in your state or anywhere else? Not interested in FL, CA or MI, though.

Also, if you know of anybody who needs a RE backed
loan on their deals... they are interested in that, too.

I wish you and your family a very Merry Christmas!

Best regards,
Conny Wolfram
connywolfram@****
(727) 394-4986 office
(727) PIC-1514 cell

Sent them to me if you can't handle them! Or put them under an option and then send them my way! (I will gladly send you my/my investor's criteria).

And please, let everybody know that I am ACTIVELY LOOKING to buy WHOLESALE DEALS right now (in 47 states, but NOT in CA, FL or MI)....! Thanks, Rina!

BTW, I have just opened a new group on DG today:

===> Wholesale Properties (all 50 states)

Feel free to join and post all your wholesale properties that you would like to flip/assign right there!

Best regards,
Conny

I like the new group. I may be joining soon. btw, can you teach me how to send posts from here right into e-mails like you did? That was cool.

I've got a bunch of leads I have to follow through on after Christmas. I am just too busy right now (got some offers in, am finishing up some projects, and got my kids coming home tomorrow). I've got 5 older gentlemen (all separate contacts) wanting to leave the area for warmer weather and wanting to sell the properties they currently own here (either for health reasons or just wanting to be done with it). They are all investors (meaning they are rental properties), so they know what they're doing. I have to spend some time talking with each to see who is willing to give me a deal (that works for both of us). I'm hoping to get some seller-financing along with some great numbers. If I end up getting more than I can handle I will definitely pass them along (my main investor has first dibs, of course ).

Conny, what price range are your people looking for, and who will be doing the rehab? I would be seriously interested in hearing more on any loan criteria you have. We've got a 3bdrm/1 bath on 5.3 wooded acres that we'd like to rehab next. We should profit at least $30-$40K. Need about $20-$30K to fix/flip. I've had several offers to buy it as is, but my husband wants to put the work in and make some extra $.

Am looking forward to hearing more from you.

Rina

Sounds like your hubby has "the REI bug"! (ho! ho! ho!)

Dawn

or he's just a glutton for punishment. just kidding.
We've got a pretty good crew trained in now. We're ready to rock'n'roll!

Well, Dawn, I know you've been waiting to hear this...
Today I got my coaching refund in the mail! Every dime. And just in time for Christmas! I am so excited!!
My daughter called while we were out to eat and said "Mom, FedEx came with an envelope. Can I open it?" And there it was! I know it seems petty compared to all that I've made using Dean's program, but, WOW, how great is that! I almost feel guilty keeping it (almost ).

http://www.deangraziosi.com/blog-post/rina/yahoo-all-those-skeptical-coa...

Love ya,sis
you too Dean!!!!

Rina