You MUST do the work FIRST!!!!!

Karen.

Definitely agreed! If so aren't sure of what to do, maybe try to team up with a more experienced investor. Ideally, after a few joint deals you should be more comfortable and able to branch out on your own. Although, I had plenty of experience with flipping homes, I had never done any wholesaling prior to 2009 so I teamed up with a partner and got a few deals under my belt

Hi karen !!!

Always great to see a member tell it how it is ; ) I completely agree with your point of view, i was also in that stage, where i was like, the hell with learning,just tell me what i need to do and lets me start making 5k or 10k .........Very very big head i will tell you, but now i have settled down and realized that it does not work like that lol

I am working with a mentor, we are making plans together, i am ready, i am part of deans programs. Guys if you want to be an investor then take the right steps and invest in yourself, take the time to read,ask questions and so forth,

I myself havnt made my first deal but i'll be dammed if i dont get my first deal soon (goal is to put out offers by the end of this month !!) You can do this because i can do it, i started like everyone else and am earning my stripes like everyone esle...

Happy Investing to Everyone
-Irvin

You KNOW I agree 100% with all you have said!

Michael Mangham
Mentoring/Team Building Nationwide
MD Home Acquisitions LLC

She always lends a helping hand, and I know she even answers questions that are redundant. I also know that hearing info over and over helps some people, since there is so much to learn. Still, one does not need to ask many of the questions they do, they only need to look at a few posts or read the book again, etc. Sometimes repeated information helps you as you may have not needed a particular piece of information at one time, but now could use it. However, again, people need to look before they simple ask questions. I think this is what Karen is talking about.

Great for you keeeeeep it going nothing to loooooose here. If i had the money I would spent it all on dean evry single shining cent this is my 16thday

I agree. I always see the same thing. "How do I get started"? The information is in the BOOK....hello. If you can't follow directions by reading and duplicating, how will you ever get started. If you are not sure about a question, just go to the search bar at the top of the website and type in the question or subject. You should receive the answer to your question. Thanks for this post. Karen, you are right on point with this one. Good luck to everyone!

I agree with you to some extent, Karen, but I don't think there's anything wrong with making original contact with a buyer or seller before doing the rest of the work. I will usually do at least the minimal amount of research, though, like looking up the tax appraisal value on the county tax assessors site before calling, but then I just call up and introduce myself and try to get an appointment to the property, meet the person and shake their hand, and give them something for free (what I offered in the original phone call). For me, that is usually a Competitive Market Analysis (CMA) and some advice. If the first phone call goes badly, most of the time I move on to the next person, and that lead get s filed. I then follow up a week or two later just to maintain the relationship.

Remember, just because people don't want to sell or buy now, that does not mean they won't want to in 6 months, a year or whatever. Of course, everyone knows someone, and they may know of someone that wants the services you're offering. If they don't know them now, they may know them, later.

I wasn't referring to doing due diligence or talking to the buyers to feel them out or build relationships. What I was meaning is learning HOW to DO the due diligence in the first place. Or how to work your numbers to see if it is a good deal before presenting a retail deal to an investor because you don't know any better.

Karen,

I believe you said it for many of use!

The answers to everyone questions are already here; you just have to search for them...
There's a small box with a magnifying glass in it at the top left of this page; that's where you enter anything you're looking for, and believe me, you will get so much more information than what you need.

Most experienced investors come to this site to offer their help, but it's not fair to them to make them spend their time explaining something basic that is already available on the threads.

The more you research the answers to your own questions, the more you will learn!

Wishing everyone success,

Karen, you just said, "Jumping in," so I wasn't clear. Of course, one needs to do their due diligence before making an offer. That's true in any real estate transaction. A realtor can help in this process; they're one tool to be implemented. Dean and many others teach that we are necessary, but many users of this site seem to think that they do not need us.

That is up to you to decide. Me? I help any day, anytime of the day or week. For me, it helps me remember some things I may have forgotten. It can get annoying, only if you let it. I'd rather read the books, then come ask questions when I have questions, investigate, and keep going. Everything takes effort, no matter what you do. No one said it would be easy, but it's worth it!

Nadia,

I'm an agent, too, and I've asked the same question here, and I used to work with KW. They have some great scripts which I copied and took with me when I left, but I can't find them. You may have to adapt them to your purposes. Ask your broker and the more seasoned agents in your office, and if that fails ask Gary Keller or the home office. I was thinking of going back to KW here just to have access to the scripts, but I would think that someone in DG's organization would have such a thing.

You speak the truth, you never learn if you dont read it.

NOBODY wants to work - they just want the MONEY

bump

Mike

Karen, when I started this business from buying "Be A Real Estate Millionaire" in 08, my mantra was and remains this:
KNOWLEDGE + ACTION = RESULTS. You can have knowledge and take no action, thus no results, or you can take action without knowledge, thus no or bad results. Put both ingredients together you not only get RESULTS, you get SUCCESS!!

Thank you for the advice. I am currently reading through a second book of Dean's and using the path delivered exactly as suggested. I started with it about 3 weeks ago but got sidelined by something else more pertinent first. Now that is behind me, I am continuing on my journey to follow exactly what Dean has written to attempt to insure success as so many have gotten previously. At nearly 50, I am living proof that you CAN teach an old dog new tricks, as long as the dog is willing to learn.

Looking forward to sharing the success of my first deal in the coming weeks.

Thanks again!

I'm Bumping this up

Mike

again

Hi Karen its like keeping the horse a head of the cart instead of behind, thank you, Jim

This hasn't been up for a while. Always good for a reminder or for the new people.

Karen

I'm still waiting for my books for attending one of Dean's events here in Minneapolis, MN. I am currently with the SA, I did receive the discs for 30 DAYS to REAL ESTATE CASH, PROFITS, and BARM, but what good are they if I can't bring them with me to read when I'm out and about in motion? I am a hands on person and I like to read on the go.

If you don't have any of dean's books, cut out a few x-tra activities and invest in your future. As usual KAREN, GOOD ADVICE!!

Romaluv22
Signing out,

Thanks karen. I enjoy reading the posts you put up. keep them coming.

Can I bumpity bump bump this thread also..? I got "Be a Real Estate Millionaire" and read it in it's entirety a few months ago and am reading it again. For a newb I now know what I want to specialize in and that's Whole Selling, there's a nice section in Deans book on that topic. And yes I agree that individuals need to read, study and then read, study some more, also use the search forum topics for answers that have been answered time and time again... jm2c

Get the knowledge, align yourself with a realtor, attorney and reliable title company, build a TEAM (ie).

On a side note can someone tell me why the heck I have to enter Captcha codes anytime I want to post or pm someone, especially when I'm already signed in..???!!!! T.I.A.

Thanks for bumping this up. You most certainly can do that and it is appreciated.

This is very important info for anyone, but especially for people just coming in and thinking that it is a "Slam, Bam, Thank You Ma'am" type of get rich quick thing!

It's good that you have chosen your niche. Now learn everything you can about it. Become an expert in your field!

Carol Stinson (freeindeed) has a very good site devoted to wholesaling. I am sure she probablyhas a link on the bottom of her posts.

You have to enter the Captcha codes until you have posted enough that you are not considered by the system to be a possible spammer. Start posting more often and it will get less and less that you have to do that. I still have to do it every so often and we all know I certainly post a LOT! It is a hassle but necessary due to the immense amount of spam we used to get!

Karen

@kareng and others it may concern; Yeahhhhhh I no longer have to enter those hard-to-determine codes..hahhaha

"I bet if we searched, we would find it"

HOW do you do it....?

Hasn't been up in a while. Definitely due!

Karen

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