TAKE ACTION: Start making offers today and watch for growth!

The formula is simple, the requirements are basically none. The only thing that holds people back is action. So many people come up with all sorts of doubts or questions they feel like they need to resolve before they start they become paralyzed.

I say, "just do it" and "fake it until you make it"... once you actually get some offers made it becomes clear it is actually and easy and not scary or complicated at all.

If someone has already read the book it would be no surprise if one spent just one whole day at it they could have a deal lined up by the following day.

If success you have had so far doesn't give him the inspiration and motivation to start, and start soon - I don't know if anything can. The proof is on the other end of the phone for him, and he has someone who already has hands on experience to help him. If your friend doesn't take up the chance he has, 5 year from now he might be regretting it as the worst mistake he ever made.

Thousands of people would kill for the opportunity to have a friend to help them understand and get them started from someone who has already done it.

Ok It's ON NOW! I'm taking Action......Continued Success.
Sincereley,
Lubertha

"Nothing is more powerful than the mind already made up"

Thanks for the posting and inspirational thoughts. I agree 100% and I hope my friend and others get going and take action. Believe and Achieve! Indiana-Joe

Thanks for the posting and now we will all be behind you as you take action. Please share your stories and progress with us. You can do it! I know you are ready to take action because I enjoy reading your postings each night. Goood luck on all your deals! Believe and Achieve! Indiana-Joe

thanks for the posting im still learning about realstate investing and ive been asking about properties and talking to realtors. it is kinda of scary though... i feel nervouse when asking and feel like im not asking the right questions. im think im going to join the succes academy. have any of you guys gone throught it?

Congratulations on getting Dean's book. It is packed with great information and knowledge. The key when just starting is to take a lot of notes and practice the techniques and the concepts. On the weekends, go to open houses and meet realtors, ask some questions and build your question list. With each realtor you meet, new questions will arise, in no time you will gain the confidence and comfort and start making deals. Just make sure you have a plan and work the plan. Along the way you will meet other investors and you can gain knowledge through their experience, look into joining an investment club in your area. I hope this helps. Good luck with your investing. Believe and Achieve! Indiana-Joe

At the live Gain the EDGE event they would play the song that would include the line "Let's Get it Started". This song is so true for any and all investors. The key to success is you have to get started and you have! You have committed to making a difference in your life! You committed to reading Dean's books and being a part of the DG website! Keep the momentum going! Keep learning, keep pushing forward, and your dream will be closer to reality! Believe and Achieve! - Joe

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"I am naive enough to think that I can do my part in helping change the world, and if that's a bad thing, then, so be it, the Question is....who's coming with me?" - Dean Graziosi

Joining an investor's club is a great way to find backers for real estate deals. Many of them will allow you to present your offers at the meetings, thus giving you an opportunity to find many backers. Also most club meetings have guest speakers from lending institutions, realtors, title companies, ect. from which you can learn from.
Kat

Hello everyone. Lots of great info on this site! I am starting to make offers on UGLY houses. The listing agent sent over some info regarding code violations on one property I offered on. Should I be concerned with the code violations from the city? I figured code violations means I can get the house cheaper. How are these things taken care of at closing?

On another property, the agent is asking if I can close in 20 days, rather than the 28 days I offered to close in. I plan on assigning these deals or using Coastal-Funding to close a back-to-back deal. Should I keep it at 28 days? Or does this matter since most investors say they can close the same day or within 48 hours?

Thanks for your input and insight on investment clubs. I completely agree that these clubs are a great way to network and share vital investment information between investors. Good luck on all your deals. Believe and Achieve! Indiana-Joe

You always want to check with the city and ensure you are in compliance with code violations. The city can make or break your deal. You want to have a full understanding and ensure you are in compliance. You want to make sure the city folks are your friends. Otherwise, once a property has code violations you could be on a city watch list for future properties, from what I hear.

In regards to the closing, request any amount of days that are good for you. If you want 28, then request 28. Conventional mortgages, these days in my area, are taking 45-60 days in some areas and 30 days has always been rather customary. If you find a buyer to assign the deal to right away, you can include language that states you will close on or before the 28 days. Good luck with all your deals. Believe and Achieve! Indiana-Joe

Thanks for the info. I plan to start out by locking up deals on UGLY houses and assigning to rehabbers. I'm thinking most of these houses have code violations because they're boarded up and ugly. So as a wholesaler, are these code violations my concern, or my buyer's (the rehabber)? Thanks in advance!

Thanks for the reply. You may want to check with your local town or city. However, most of the rehabbers will probably know the code issues. You always want to structure a win-win transaction for all parties involved including your reputation in the city's you conduct your business. So always present a property with full disclosure of all the known facts to your potential rehab buyers. This will enahance your reputation as an honest investor and will benefit you for years to come. The best form of advertising is word of mouth and the more people you make happy with great deals the faster the word will spread around town! Good luck on all your deals. Believe and Achieve! - Joe

Your right, when ever there is a problem with any property. The only thing I hear is negotiate! The new buyer should be responsible for the code violations. Just make sure everything is disclosed. That it's in writing who is responsible. If yor taking responsibility. Then your offer should reflect the cost. Make sure you get a written estimate from a professional to be on the safe side. Unless it's a minor repair. As far as your closing date. You can always close before the 28 days. There's no penalty. But if more time is needed, sometimes it colud be harder to do. Especially if is a low offer accepted by you. There could be other offers waiting for yours to fall threw. Don't give anyone an advantage over yourself. Agent's are ruley. It's your offer, You say. Keep the ball in your court. Keep me posted! Continued success..........
Sincereley,
Lubertha

Thanks for sharing your comments and insight. The time is now to take action. Each of us control our destiny and we can make the rules as we go. If one real estate agent is holding you back find another. Like any winning team you need the right combination of players.

We determine where we go, how we get there, how fast we get there, and who comes with us. Take action and get yourself into gear before you become out of gear. What are you waiting for? The time and opportunities are there, in your community. Go for it! Believe and Achieve! - Joe

Thanks for the reply Lubertha and Indiana-Joe. I have another uncertainty. I met with an agent and explained exactly what I want to do. He was all for it. I told him about the transactional funds (Coastal-Funding), and he suggested that we put in the Offers/Purchase agreements that the transaction is contingent upon back-to-back closing. I plan to assign my deals when permitted, and use Coastal-Funding only when I am not allowed to assign. So my question is... Is it necessary to have this in the Offer to Purchase?

Congratulations on continuing to take action and move forward. You are the author of your purchase agreement. If you do not want to include this, I believe you do not have to. If you want a contingency in your purchase agreemenet, if the deal may not go through or say you want "an out clause", include something to the effect of "offer contingent on buyer getting financing acceptable to the buyer" or "offer contingent on buyer's partners approval" or "buyer reserves the right to have approval of purchase agreemeent by buyer's attorney". I hope this helps. Good luck finding and assigning those deal! Believe and Achieve! - Joe

I feel it's better to be covered than uncovered. It's always better to give yourself the option out. I would definately do a subject to somewhere in my offer. Continued success..............Lubertha

Joe,
I have been reading several of your posts and I see that you have been finding a lot of REO properties and Foreclosures.
What is the best strategy to find these properties?
Are you approaching the smaller banks and asking them for what they have available?
What records do you search for?
Thank you for your help in advance!!

I have approached several of the lcoal banks in my area and found the right person, the REO Manager, for each bank. They will usually share what they have.

Contact a local real estate agent and ask them to run a report of all the properties in your target area that have REO, VA, Estate in the notes. This will give you the list and then you can see where they are priced. Another key for these homes is days on the market. You will find certain real estate agents specialize in REOs. Tell them you are new and want to understand how the process works. Most agents when you meet them to look at an REO will tell you about their process. Most agents have to give a report every 30 days and some banks will make adjustments to the price every 30 or 45 or 60 days. Sometimes timing is key to guess when the bank is getting more motivated. Time will motivate a bank. So be patient and keep those REOs on your radar. Good luck. Believe and Achieve! - Joe

I'd say be as transparent as possible. That way noone can fault you later for "lying". All it takes is one small misunderstanding to break a deal.

Yuri

Great advice thanks for sharing your comments. Good luck on all your deals. Believe and Achieve! - Joe