It's time! You better be putting yourself in those uncomfortable situations!

Love it! Thank you, I am in the process of looking for deals since I have the buyers. So, I'm sketchy when it comes to making sure I get the numbers right(being new). I laughed because you are 100% right! You got to just do it...So, here I go..

Indiana-Joe I just want to say thank you because your post was exactly what I needed. I'm currently reading the 30 days to real estate cash book by Dean... I'm extremely excited to get started because I'm ready to make my first deal and I'm ready to get out of my own way. Well if you know about the book you know that he gives you homework assignments that you have to complete within 5 days. Well, I was on my first homework assignment and I had to call around trying to find a good Real Estate agent...Well, yesterday I siked myself out of it, I became afraid and I became uncomfortable before I even started but I began to pray and remember that I can do all things through Christ who strengthens me.(Philippians 4:13) Reading your post was confirmation for me. So wish me luck tomorrow, I declare and decree the in the name of Jesus I will find me an excellent real estate agent that is going to help me find those great deals... Keep up the good work, thanks for the words of encouragement and I wish you the best.

God bless

I am with you on this one. Explained well.

We Fear What We Do Not Fully Understand.......We Fear Failure......We Fear Rejection

But Biggest Fear Is Not Doing Anything At All.

Thank You For This Post Joe

Regards,
Sharon

Like your posts!

Thanks for the comments. It is so true sometimes you just need to just take action and just do it. Through takinbg action you will develope confidence. Believe and Achieve! - Joe

Good luck with real estate investing. You can do it, just take one day at a time and continue to gain knowledge and confidence. I am looking forward to hearing about your progress. Do not let fear hold you back. Believe and Achieve! - Joe

Thasnks for the positive comments, I appreciat it. Good luck on your future real estate deals. Believe and Achieve! - Joe

Thasnks for the positive comments, I appreciat it. Good luck on your future real estate deals. Believe and Achieve! - Joe

Thank you for sharing the additional words of wisdom. Fear can be a bad thing, but in the recent movie "After Earth," I like the quote that states "Danger is real but fear is a choice!" Good luck. Believe and Achieve! - Joe

Thanks for the comments, I appreciate it. Have a great week. Believe and Achieve! - Joe

Thanks! Just what I needed, very timely info:)

Thanks for the comments. Everyone needs a little motivation to get things going. Good luck on your next deal. Believe and Achieve! - Joe

I agree....Fear is a bad thing........." After Earth " I never saw that movie......Thanks Joe

Regards,
Sharon

You are so completely, absolutely and definitely right!

You just have to take a deep breath, hold your nose and jump! The water is only cold for a second and then it is DELICIOUS!!!

Karen

Thanks for your post Joe, you're exactly right you have to just start and go forward. I placed a ghost ad on craigslist and got a couple buyers for one of my buckets. Now their are a ton of FSBOS in my area and I just need to start that bucket also. I believe my biggest set back is understanding the contracts once I find the deal. Dean always says don't worry about the contracts just get the deal. If I don't understand them how can I close the deal? Any suggestions would be greatly appreciated.

Thanks again for your inspiration!

Yes, I am uncomfortable with all of the above, but I do it anyway. Still working towards my first deal, in spite of all the fear I have. I have faith!!

Today at work I put myself in an uncomfortable position talking with the owner of a lot of land. I told him about my investing in REI and he said he would give me his friends info who also does REI. So after talking to him I felt I accomplished an uncomfortable spot. So excited. Thanks.

This is so true,I have had a chance to buy an fsbo and for fear I have just been stuck. And not call led back. I will try on Monday

I did not see the "After Earth" movie with Will Smith and his son. It got bad reviews, however I did like the Fear Quote from the previews. I also like the lemon into lemonade quote. This is also true for real estate. Always see the opportunities that others may miss. Believe and Achieve! - Joe

Thanks for the additional analogy. It is true things may never be as bad as we make them out to be. I always say like going to the dentist. We dread it but it usually is not as bad unless you need a root canal, then thats bad. Believe and Achieve! - Joe

It sounds like you are off to a great start. The key is continue to find Cash Buyers. The buyers will tell you what they want, in what location and how much they want to pay. Build a buyers profile for each buyer. Then look for the deals. Look at FSBOs and also realtors. A realtor can help you with the contract which is called an offer to purchase contract. The Seller can accept, reject or counter your offer. TIP: Always remember to have a contingency in the offe to get out of the deal, in the event you can not find a cash buyers.

If you are working on a FSBO a lawyer can draft a contract for you. Most lawyers will charge around $500 or so for this service. The contracts and paperwork depend on the type of deal you do. Here is a brief summary for wholesaling:

Bird Dog - you have a bird dog agreement with you and the buyer

Assignment - you have a property locked up under contract - this is a signed offer to purchase contract signed by both you and the seller. You also then have a one page Assignment of Contract.

Double Close - you need 2 offer to purchase contracts. Contract #1 you are the buyer. In contract # 2 you are the seller. You also need what is called transactional lending to fund your contract # 1 purchase.

Most of these contracts and documents are found on DG.com under Student Resources (left side of main home page) under the Forms and Docs Section. Be sure to explore more on DG.com there is a ton of great information on contracts, negotiating, and other tips. Good luck. Believe and Achieve! - Joe

Thanks for the comments. Keep moving forward through the uncomfort zone. Keep the faith! That deal is out there and the first one is always the hardest to do. Make sure you continue to network, pass out business cards, find buyers and advertise to find deals. This month try to do 3 new things to either find buyers or deals. Your effort will be rewarded as you gain even more knowledge and experience moving forward.

Believe and Achieve! - Joe

Congrats on making the call and taking the road of discomfort!

The cool thing is you never know where this road will lead and it is almost like peeling an onion. There are layers that take you in a direction that can benefit you either with more knowledge or deals. This call to the land owner could give you an excellent contact for the future. Th key is network, network, network! Way to go! Keep the momentum going. Believe and Achieve! - Joe

Thanks for the post. Here is a goal for you, do not wait until Monday, make the call by Friday and let us know how it goes. Each call may not be perfect. Some calls lead to a deal or no deal. It is truly a numbers game. However, we gain confidence with each call we make!

Action Items for you - Place a few ads on craiglist and put up bandit signs in the local area of this home. See if you get any interest from other cash buyers. Try to see if you can get the proeprty under contract for an attractive price. Remember to have a contingency in the contract if you need to get out.

The text book theory slowly becomes reality. Action will lead to confidence! You can do it! Believe and Achieve! - Joe

Wow, all I wanna say is what a motivator this is & what it should be to those who are or those like me who may be struggling a little bit. So, props to Joe & Stacey! Thank you.

I don't know if it's from my recent experience with CL or what, but I haven't gotten any response from my "I buy houses" ads on CL. This is in the Boise area where it's been a hot market over the last year or 2, and in the Lexington, KY. market. Maybe it's the category I'm putting 'em in? I know we have competition of either our buyer's CL ads or other wholesaler ads. That's about it, though. I also know CL's new email reply system doesn't work right, either. I haven't tried CL here in AZ where I live, bc I don't have a buyers list (yet). Fresh, new bandit signs came in the other day for my local area, too. I've tried Backpage in Kentucky, but got 1 response I couldn't do anything with the home bc it had a low va loan balance with a high subsidy payback? That's a new one I've never heard of.

What can one do if they're having trouble with no response from CL?

We are glad you enjoyed the article. Often people feel like they hit a brick wall when they start REI. They do not know what to do and often feel overwhelemed. We are glad we can offer some insight and information to assist others with their journey.

Believe and Achieve! - Joe

The key with Craigslist ads are being persistent and running ads everyday as well as changing the ad for variety for a marketing standpoint as well as keeping it a "fresh" ad for Craigslist so they do not believe you are spamming by posting the same ad each day.

When you are doing ads for Craigslist there are two types of ads you run:

1. Those ads that will attract BUYERS. These ads include normal ads as well as ghost ads. It is an ad that advertises a potential deal. Maybe you even have the deal locked up, better yet. You get responses to the ad and you find cash buyers and profile them to know exactly what they want.

2. Those ads thta will attract SELLERS. These ads need to be fresh and advertise that you buy houses, you also are stating with any situation. Try to keep these ads fresh as well.

A better way to find motivated sellers is to review all FSBO ads and call landlords. When you call landlords that place ads on Craigslist you might find a BUYER or even a MOTIVATED SELLER. There are plenty of tired landlords out there!

Good luck. Believe and Achieve! - Joe

We had had some good discussion the past few days. Please feel free to jump into the forumn and add your questions or comments. Have a great week! Believe and Achieve! - Joe