Making Connections from the Edge

Howdy one and all! If you are one of those lucky folks AT the Edge? CONGRATS!
If you're one of those folks who watched from home and chatted and wanted to make connections? But Couldn't due to little glitches in the chatroll?
HERE you go!

Post here, and get the addresses through PM's, get the connections made that we all need, to step things up.

I'm Susan Snook, I'm a Real Estate Investor, and I make Connections for folks.
If I can't do it, I'll find someone who can. Laughing out loud Laughing out loud

Live Edge Event Takeaways - What are you Learning?!

WOW WHAT AMAZING EVENT happening now!!! Some great wisdom on stage from Nate on double closings and Andrea spoke of how important working with others or partnering is. Andrea's presentation REALLY made sense and showed us how we can utilize others people's strengths and TALENTS to bring our real estate investing to the next level!!

Have you ever been around others in a group and just listened to their ideas and what they do? This the THE OPPORTUNITY here at the EDGE AND on Dg.com to PUMP UP your networking !! Let's hear how you CONNECTED with someone here at the EDGE OR on DG.mom to make things happen at a quicker, more resourceful rate???

LOVING This wisdom !!! Wishing you ALL could be here:)))$$
Jay

Attending Live Event online

What have I learned so far:

Confidence is the #1 primer for continued success. Mindset and knowledge make taking action easier.

I know that it has been out there already.. but locking in a property and putting up bandit signs all over "3/2 house area, desperate need to sell fast" to grab buyers was an "aha" moment for me.

Using a photo copy of your earnest checks and putting a stipulation on the agreement that "earnest money to be paid after satisfactory inspection" will by you more time to use your cash buyer to put all earnest monies down for you.

*rehab costs

Low (carpet, cleaning, etc) $10-$15 per sq ft
Med (low needs, and re-placing vanities etc) 16-20/sqft
High (roof repair, larger jobs -excluding major foundational repairs, serious plumbing and electrical)

EDGE 2012

Learning a lot from the EDGE 2012. Thanks to Dean and DG team for the live recording. Such a blessing for those of us can't make it there! THANK YOU!

What has hit me most is what Dean has said earlier:
Replace anybody who can't take you to your next leve!
RE agent, someone in your power team. However, if you recognize you or your own mindset is holding you back from growing faster. Then CHANGE is a must! Don't let yourself hold back from growing! change your mindset! it only take a second of shift our mind!
(I'm talking to myself out loud!)

Wish we all be successful!!

Pay day on 1st deal!

There is finally a closing date for a cash out refinance on my first deal. Yay! I bought an Reo for $45,000 with financing through a local bank. The rehab was about $30,000, and the appraisal just came in at $114,000. I can go up to 70% on the cash out, but am only taking out $35,000. I have the place rented out, and will still give me monthly cash flow. So I guess, after closing, I will make my first $5000!

I have a 2nd property I bought with a self directed IRA, for $39,900. Once that one is rehabbed, I could possibly pull out $85K. I'm trying not to count my chips while I'm still sitting at the table... but Holy Cats!

Gina

First Deal After 3 yrs of going at it.

I live in New York City, Bronx County and after 2 and a half years and a number of failed attemps to get a deal together I finally closed on my first deal.I received a Bird Dog fee of $6,500.00. Out of that I get half because I have a partner. I'm going to invest the proceeds back into the business and finally start a LLC and buy some more bandit signs, and bumper sticker signs to bring in more leads and make more money.

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