New Member

Congratulations and welcome to the DG website community. When you get started you will want to put together a plan and take action. When you start out, try to learn as much as you can. Dean's books are packed with great information, tips and strategies. You may want to start out doing a few assignments to build up your cash or find a cash equity partner for a good deal that may require a cash down payment. Good luck with real estate investing. Believe and Achieve! - Joe

Mirza,

Congrats on ordering the books!! Joe gives good advice above!

Great news is Dean is very detailed on how to take action in EXACTLY your circumstances, and your words on are on the right track in terms of birdogging (finders fees), etc.... WOW - if I had only come across these books at 23!!! GOOD FOR YOU! If you take some extreme action, you may experience financial freedom EARLY in your life. My advice, set some goals and some specifics on when you're going to get your first deal done. Once you read Dean's books, set some very specific goals on "how many calls you are going to make to sellers weekly and daily" ---and ---"how many calls you are going to make to buyers weekly and daily" ----to get that first property locked up and passed along. If you don't set goals, you could be treading water for months without a lot to show for it. (This is coming from myself who is finally getting these goals set and taking action - feel free to read my new journal...link below!!)

Definitely dive into these books first as a lot of your questions will be answered, and THEN dive into these boards. People here are wonderful and so supportive.

How wonderful it is you are getting started, and DON'T GIVE UP!!
Take care and all the best to you!!
Louisa

Congratulations on making a great choice! I hope that your real estate endeavors can provide everything you desire! Keep us updated on your progress.

Hello, My name is Jeff and I live in Northern KY. Just finished the Profit From Real Estate Right Now book and I am really nervous but also excited. I am a machinist and work is very shakey right now. Just figured i had nothing to lose and maybe just maybe something to gain. Seems very friendly here so I hope to learn with everyone. Thanks, Jeff

I can hardly wait until I get the the new book read. I am more fired up now than ever! I just got an e-mail from my job saying we have to get more efficent at counting. I work for an inventory company, they want the most impossible guidelines you could imagine. Enough is enough of that (negativity) sorry just venting! This is why I want to get started,I am not willing to settle for less than I can be!!!! I want to be in control and helping others who need a helping hand! I want to make a difference in other peoples lives, not just my own! I will be looking foreward to tell about my first deal so I can be an inspiration to someone else! Thanks
RON

Hello all, I am also a new member. Where is the best place to ask general questions?

Thanks guys for the warm welcome. I have begun to make small goals and I would like to get my first deal done before Christmas break and before I go home.

I also have started looking on craigslist to find potential buyers and have started to create a list.

My question is how do I go about finding some pre foreclosure properties or properties that my investors might be interested in. Is it a good idea to try and get a relator on my team or should I just try and do everything myself. Like I said I dont have much cash yet so would like to do my first deal with as little expense as possible.

Thanks for the help guys and I will keep you posted on my progress. Thanks

Mirza

A hearty welcome new comers to the DG family. You have definitely made an excellent choice, choosing this site to not only gain the knowledge of real estate, but to change your lives forever. There are what you will call information overload continually, backed by practical experiences. For answers to particular/general questions, you may want to use the search screen on the left of this page to search topics, before beginning a new forum. This is because many questions on your topic may have already being answered and examples shared. Ron with the nature of business today, when situations arise, count to ten and do what you have to do. Do not let any one get the better of you or ever take away your joy. Mirza, surprisingly enough you will find pre-foreclosures and foreclosures on realtor.com. Usually it is identifiable in red. To all our new family members, I wish you all that you wish yourself and more. God Bless.

Sandra

Well I have been doing a little bit of homework on a few properties around my school. I have located 5 houses near school that are below market value for the area and they are pretty big homes that an investor could use to rent out to students or to a family.

A few of the homes that are listed are listed by a local Realtor. Should I contact the Realtor and talk to them about my wanting to wholesale the properties to a investor?

I have a list of a few buyers that are looking for properties and I want to make sure that when I call them that I know what to say.

On a few of the houses I have 2008 Tax Assessors Value 2008 Property Tax and Last Sale and Tax Info. I am sure that they will want this and a picture of the houses.

What else should I have for them? Should I talk to a Real Estate Attorney for contract forms and to make sure I am going about this the right way?

I guess my main concern about assignment is how to go about it with the Realtor that is selling the property for the owner. I know that these homes have been on zillow for over a 100 days. I want to be able to do it the right way without seeming like a rookie.

Thanks guys for the help.

I havent even received my books yet and I am already getting excited about making my first deal.

I will make sure to create a website and do voicemail as soon as I come up with a name.

Mirza

Mirza,

Congrats on your enthusiasm and TAKING ACTION before even getting the books! I love it! Keep this up and you'll be sure to go far!!

My quick advice on this: ONLY look at For Sale By Owner properties right now. An agent will not talk to you (or be interested at all) unless you are personally buying the house, or have a cash investor LINED up right now (and even then, it is better to go after FSBO's until you have your own agent that represents you as an investor as most agents, if any at all, will not entertain this "wholesaling" deal.

Yes, it narrows your scope of properties, but that is OK, as you will be dealing strictly with the homeowners and have a higher likelihood of "locking them up" and wholesaling for these people who have had their house on the market for 90+ days.

Once you do a few deals with FSBO houses, go out and find yourself an agent to work with...you'll have a track record and some buyers on your list, and an agent will be more likely to team up with you. You can pursue FSBO's on your own, and then have your agent be scouting out properties on the MLS or before they hit the MLS....a win-win to have both going for you at once!

You have a lot to look forward to!
I wish you well! How exciting!
Louisa

Well I got the book yesterday in the mail around 11:30 am and I was so excited to get started I read the entire book in only a few hours. Now I am re reading it again and taking notes on all the things that I did not know about.

I also have been looking for investors to work with online on craigslist and have a few contacts.

Louisa thank you for your advice and encouragement about the FSBO and I think I will start with this first and be able to do my first and build up my network.

I have also been looking for real estate agents to represent me.

I am also looking at getting an attorney to represent me to go over my contracts and just make sure I am doing everything the right way. I also plan on getting a LLC to protect my assets after I get going on my first deal.

I am trying to do this all while I am still in school. I am getting my MBA and will be doing my real estate investing on the side.

Mirza

Congratualtions on reading Dean's book. The anticpiation for it to arrive is also fun. It sounds like you are off and running with a good action plan. Good luck with your MBA. An education is a very good investment and will provide plenty of options in the future. Good luck on all your future real estate deals. Believe and Achieve! - Joe