What time is it?

You hit the nail on the head, Joe! I think we all run the numbers & over-analize every deal without making an offer. If you do that too long in certain areas, you loose the chance to make offers bc others beat you to the punch. Even if they yell at you & call you a "white boy", it's better than not putting offers out.

Time!

I needed to hear that, and I'm sure a lot of others on DG.com needed to hear it too!

causes fear and Lack of Action!!

Yes, the key is make the offer no matter what your realtor may think. Your offer could be aggressive but if you get the deal it will lead to some nice profit. Good luck. Believe and Achieve! - Joe

Yes, it is time! Good luck. Believe and Achieve! - Joe

very true Joe,

no matter how many properties we research, how many bandit signs we put out, how many letters we send... nothing will happen if we don't put in offers. I remember my first offer that got accepted... I was scared of what I didn't know, but then I found out that once you have a property locked up, everything else will follow along, and no matter what, you will make it happen... and it gets easier and easier and easier...

it is definitely time!

Thank for the post. I know everyone can use a little nudge to pick up the pace in our real estate business. Have a great week. Believe an Achieve! - Joe

Yes, people tend to over analyze a deal. Run the numbers make the offer and close the deal with a good exit strategy. Have a great weekend. Believe and Achieve! - Joe

Thanks for the post and the additional words of encouragement. I know many knew DG Members are learnign and gaining confidence with posting from other Dgers that have been down the deal road. Have a great day. Believe and Achieve! - Joe

Thanks for the great post, Joe. I do have a question. I have seen a number of contingency clauses that do not inspire the seller to sell to you. I have also sen where a person is so fearful of actually getting a deal that he or she puts in way too many contingency clauses. What would you recommend as a good contingency clause to use?

We use one contingency clause, *___* days inspection period to accept or reject the deal for any / or no reason, whether it is 14, 21 or 30 days. In that time you should know if your particular exit strategy will work. Make sure that any EMD is fully refundable if you decide not to move forward. *as always I am not a real attorney but I have played one on TV* JK! Always consult with a legal professional to CYA (cover your A**)

Kevin

As you have indicated you do not want to include any more contingency clauses than you really need to. Often, one good contingency is all you need. IYou can use an inspection contingency or I like the basic one that the contract is ocontingent on my partners approval. This is usually basic and vague enbough to get out of the deal. They may request a time limit of say 7 to 10 days, but if you get "business days," that is even better. Hope this helps. Good luck. Believe and Achieve! - Joe

Thanks for the information and insight. Believe and Achieve! - Joe

thanks for that nugget. I will surely move forward with it.

Kevin

Good luck with your real estate investing. Believe and Achieve! - Joe

I have a stack of for sale by owners on my desk. Spoken with them but not followed up. FROZEN!!!! Hate that. You're absolutely right. Need to call and make offers. Well except for that one in the middle of nowhere. Although I did send out a response to someone who wants to rent in that area to see if they want to buy. Perhaps I can do something with that one after all. :}

Wendy

The key is to make the call and with each calll you get a little more commfortable speaking with the FSBOs. They want to sell and you want to buy if it is a good deal. So always feel as though these FSBOs want you to calll. Each day set a goal for how many calls you want to make and see if you can meet or exceed that goal. Good luck, you can do it. Believe and Achieve! - Joe

Thanks Joe. I couldn't agree with you more. All too often we wish and hope for things to happen in our lives but forget that it's action that actually creates change. In this case taking action to make offers is the best way, in fact the only way, to get deals.

Thanks again Joe.

Thanks by stopping by the thread and the additional insight. Have a great weekend. Believe and Achieve! - Joe

You are sooooo right! take aim and just do it! Often we stay in our comfort zone - most people are comfortable doing the legwork. When it's time to step up and actually make that offer, it's a different story.

Great things happen when you step outside of your comfort zone! Don't over think it! Know your exit strategies and your contingencies and then DO IT!

Happy Investing!

Karen

Thanks for your post and additional comments and insight. Hope all is well and you have a happy 4th of July holiday. Believe and Achieve! - Joe

I definitely needed to hear that. I have been taking time, hours, days of my life to just stop myself again and wait, for all that you mentioned, and now I realize, it is FEAR! I let it get in my way again. Shame on me!! I will definitely move forward by going back to all the properties I placed on my favorites list, and just submitting the offers. I am doing this right now. Thank you for the hard push, I did need it.