New Forum Idea - New Investors: How to get started, how we got started, a Mentor for everyone, etc.

Thanks, Indiana-Joe!Great post!!!!!!!!!!

Thanks so much for your insite. I was thinking...she fortunately only made one of us sign the contract in our own name. She did not make me sign it so I was thinking i would set up a meeting with another agent that sounds more suitable.. I know this may not be ethical but I will be honest with the other realtor on what is going on. I will first try to sever our contract with the other agent. I do not want to be unethical. That is no way to do business....I will also try to be more aggressive with her and tell her straight forward what we need and what we expect....thanks again. I will be watching and see if anyone else has these problems....

Thanks so much for your insite. I was thinking...she fortunately only made one of us sign the contract in our own name. She did not make me sign it so I was thinking i would set up a meeting with another agent that sounds more suitable.. I know this may not be ethical but I will be honest with the other realtor on what is going on. I will first try to sever our contract with the other agent. I do not want to be unethical. That is no way to do business....I will also try to be more aggressive with her and tell her straight forward what we need and what we expect....thanks again. I will be watching and see if anyone else has these problems....

You may want to try to find a partner that has cash for the first one or two that you buy. Real estate clubs are a good place to network and meet other investors. Also, consider people you know that may not have the time but do have some cash to partner on a deal. Once you work the numbers, then show them what you would like to do. Then maybe you can build up some cash and do several more going forward on your own. Good luck with REI. Believe and Achieve! - Joe

Good luck with this situation. Sometimes there is no easy answer and you have to do what is best for you. If you are professional about the matter, you will have done what you can to soften any issues. Good luck with your REI. Believe and Achieve! - Joe

Hi Joe,
Thanks for getting back to me. I don't think I explained my situation properly. I was nervous, being it was my first time here. I already have my own money for a cash purchase. The problem, is getting someone to refinance for 80% of the appraised value to get my money out and some money for repairs on house. One bank told me I had to own the house for a year before I could do this. I thought Matt from Deans book used that method, unless I misunderstood it. Thanks very much Joe you are an inspiration to us all especially the new people.

Harry

You may want to try a small local independent bank in your area. You can call banks and inquire if they have the seasoming requirement (that you have to own the house for a year or so). Some small local banks do not require this but they may only loan up tp 70% of appraised value if it is a rental property. If the home is owner occupied you may have more options. Matt Larson did do this these types of deals and at the Gain the Edge event he did discuss with a small group of us that finding good little local banks was the key. Thus, look in your area, or the next closest area to you, ask other investors, or top realtors in the area, they usually know who's financing the deals. Good luck and I hope this helps. Believe and Achieve! - Joe

Joe
Thanks for your input, I will check them out. Good luck to you and everyone here.

Harry

Thanks Joe for this great idea. Your right local banks and credit unions have may have different requirements. This is worth looking into! Continued success to you.......Lubertha

This input is worth looking into and see what the small banks have to say.
You never know until you try.

Warm regards,

Paul

Lubertha and Paul,

Thanks for the insight and comments. We can build a good list fo potential sources such as the following:

- local area banks
- credit unions
- private investors
- friends and family
- mortgage brokers
- hard money lenders
- other professionals we know - Dentist, doctor, etc.
- financial planners, CPAs, attorneys specializing in trusts, retirement issues, etc.

Good luck with REI. Believe and Achieve! :)- Joe

The more resources we have to get our money to buy properties and we can succeed in the REI much further. I know this is exciting to read other peoples posting and get them motivated and you have to remember that Dean did this all alone and didnt have any help in the 80's and now he is teaching us how to do the easy way. Not too many guys would do it to help others.

Best wishes

Paul T. La Moy

Thanks for the comments and insight. Dean is very gratious with sharing his knowledge, programs, tips, techniques and books. His information is so vast and so complete that I review it offer because it always generates addtional motivation and excitement.

It is so great that what Dean learned in 20 years he has condensed and is teaching us and wants all of us to succeed! He is very inspiraton and is the real deal! I spoke to Dean every chnace I had at the Gain the Edge Event 2009 in April 2009 and he is 100 times better in person. Dean truly inspired us to accomplish what we have done to date. Good luck on all your deals. Believe and Achieve! - Joe

Your comments gave me the courage to write my first post. It is so amazing that the DG organization (students and professionals) is so dedicated to the success of each member. I am a newbie and I am just finding my way but knowing that everyone is ready to offer the benefit of their personal experience is very refreshing and empowering.

I am trying to decide on the Success Academy. How many of you guys took advantage of the academy? Was it worth the investment in time and money?

Kathy

This is a great forum. I will be asking many questions in the near future and I want to thank everyone in advance.

Congratulations on deciding to make a difference in your life. Dean's books and the DG website community is just tremendous. There is so much information available and Dean's books contain such great information, tips, techniques, etc. You will be able to learn new things everday and the DG website has so many friendly members that are supportive, inspiring and helpful. Good luck with your real estate investing. Believe and Achieve! - Joe

Welcome to the DG website and the forum. It is great you will be a part and we look forward to your participation. The DG website has a lot of great information and friendly members. Good luck with real estate investing. Believe and Achieve! - Joe

I have been had deans book for about 2 months and also been in the acadamy for about 1 month and still am having problem with my fears in the central VA area. If anyone is having problem with fear of rejection in Real Estate and wants someone to go through the process with them then you can leave me a message and we can go through the process together even if we are not in the same location.

Congratulations on taking the first step forward and wanting something more. When everyone starts anything new there is usually some fear and uncertainty. However, information is power and the more information you gather the more confidence will come. The first deal is the hardest but learn as much as you can. Dean's books are packed with great information, tips, techniques and strategies. Also, try to find a local investment club to network and meet others. Best wishes. Believe and Achieve! - Joe

I am a newbie who is facing a lot of the same issues as so many others in this thread. I have learned quite a bit by just reading this forum. I have made appointments to me with realtors this week and the many topics on this thread have given me many good questions to ask as well as what to watch out for during my search for a good realtor.
Confidence level raised!
This is just what I needed when I needed it.
Thank you Joe!

I think that's a great idea.

Hello I am a new investor and I have been reading DG's books and I am very excited about the program. I have been looking for homes and I have talked to a couple real estate agents. I am working with the Finders Fees and the Contract Assignments. Now I am trying to find buyers but I have been unsucessful in doing so. Thank you for being interested in helping a newbie like myself with so many questions

Hi, i'm pretty much new myself and havent read the book yet because i'm living in Puerto Rico and the book went to my Florida address where my daughter lives. I want to get started already but I know that I need to acquire a lot of knowledge. So far I have learned a lot just by reading the blogs and by deans emails, letters, and articles. Can you give me an example of the offers you made? what do you mean by offers? Thank you so much. I will be traveling to FL end of month & will pick up my book. But here in Puerto Rico there are a lot of houses for sale at very cheap prices and I want to get started. My fear is finding buyers.

Thanks for sharing the information. I am glad there was information that you found to be beneficial. there is so much great information on the DG website, you can learn several new things each and every day. Good luck on your current and future deals! Believe and Achieve! - Joe

Thanks for the comments. Good luck on all your current and future deals. Believe and Achieve! - Joe

Congratulations on being the the DG website. You can do several things to build your buyer's list. You can network at real estate club meetings, advertise on craigslist or through posting flyers. You can also contact area landlords and inquire if they are in the market to acquire additional properties. I hope this helps. Good luck with real estate investing. Believe and Achieve! - Joe

Congratualtions on ordering Dean's book. It is packed with information, tips and strategies. It has so much good information I am sure it will answer a number of your questions. The DG website is also a great resource fo information. Good luck with real estate investing. Believe and Achieve! - Joe

Hi Joe,

I have been out of the loop for a couple of months now so what is the best way to assign a contract currently? Things are changing rapidly and I know here in Arizona very few banks will accept and/or assigns on an REO. I know it has been mentioned about the land trust or adding your potential buyer to the contract and then quit claiming the deed to them after close. Is this the best option, or has something new been found out that I have missed in the last few months? What's your technique on assigning?

Thanks
Niki

Usually cash buyers can making assigning a deal go smoother. However, there are various other ways to make it happen. I am in the midwest so I am not as familiar in Arizona, but I would think it should work the same in most areas. Most of these banks just want to ensure they close the deal and move the properties off their books.

Dean can probably explain it 100 times better than I can. So you may want to reference the assigning of a deal section in Dean's book "Profit from Real Estate Right Now". It really covers the topic well on pages 151, 153, 164-170. On page 164 is the assignment contract and on pages 260-261 covers assigning the property. I hope this helps. Good luck with your REI! Believe and Achieve! - Joe

Hi everybody,

I'm new to the program, well sortof I bought the books in April then all heck broke lose in my life for the next couple of months. I was able to read the books and loved them. I didn't get much time to take action yet, but I've been getting on this website as much as possible just to listen and learn. I listened to the teleconference this week and I wanted the edge package. well I'm married to the biggest skeptic and naysayer I think in the world LOL. So all day Wed. while I was at work I was trying to come up with an approach to go to husband and tell him I wanted to invest in this. Since we don't have much money I knew it was going to be a hard sell. So after work I went home and after about an hour (I knew I didn't have much time to get the program) I finally got the nerve up to bring up the subject. It was just what I was expecting!! Alot of negativity, no's and I'm crazy comments. Well we went back and forth and every question he had I had an answer (I shocked myself when I realized I had answers to his questions), this went on for about an hour, and he asked me if I could show him proof, so I said I would call in and get a coach to talk to him, well he didn't want that, so I seen that indianajoe was online and I tried to e-mail him to help me out(wasn't sure how to e-mail through the site) well I guess he was impressed on how hard I was trying to get him the proof he wanted before time ran out. He came to me and said I could do it!!!! I couldn't believe it!!! He gave me a 6 months window to prove to him that it works, so I'm counting on my DG family to help me get this done!!! I can't wait to get the edge program, I'm so excited!!! I have already found 2 house less than a quater mile from me that are in need of rehab and been sitting empty for about 3 years, thinking this will be my starting point!!

Good luck to all!! Will keep you updated on my progress!!

Mary-Dayton, OH

P.S. Love all the stuff I'm reading on this website, keep up the good work everyone, and a big thanks to Dean and his team!!