The Power of Knowledge + Action + Confidence

Thanks for sharing Laura.

I am really happy you are building confidence and the deals are starting to roll in because of your confidence and hard work.
Keep going neighbor
Your friend Richie.

Laura What a true statement all new members sould read your post.It just is amazing what a person can accomplish with knowledge.
Bill

Thanks for sharing your insight and comments. It is so true that once people have Dean's books or programs they need to take action and just do it! All the tools and concepts are their to guide them along the way. Like many food products that state on the package "just add water". Dean's products should state "just add action!" Continued success on all your deals! Believe and Achieve! - Joe

Laura, when you say you're going to see a new banker, who are seeing exactly. I've read discussions about "exactly" who to talk to; loss mitigation person, the bank's mortgage banker, the CFO. If one wants to get "in" with the bank, who is it we're supposed to talk to and get plenty of face time with?

Now it's my turn to return the compliment... You're such a good inspiration!

As cheesy and corny and cliche as it sounds, the only things stopping us are our own doubt and fear.

Good luck out there and let us know how it goes.

Fake it till you make it is so powerful! Many times when I'm talking to RE Investors at meetup groups I find that they don't know everything either, and they've been in the game for some time now... With Dean's books + Edge + this website + and the DG family, you are head and shoulders above others....

I wish you the best in your meeting today!

you may be thinking you r faking it in YOUR mind but after all the dg posts,edge conf,reading of deans books,experience of DOING DEALS and rehabbing,talking to realtors,banks,attorneys,etc,etc,etc, can u see that you r not really faking it?? i understand what u r saying laura and agree with you 100% but at the same time look at what u have accomplished already? awesome job laura!!!!!!!yes great advice though!!!!!

Thank you for sharing your experiences with us. That is very inspirational.

Dedicated & Motivated

Thank you all for posting-Richie, Bill,Steve, gudfella797, jarahp82- and as always, your encouragement and support! Indiana Joe I love your comment - add action and shake well haha! Jay, you are way too kind...but yes, I have learned an incredible amount over the past year and know my knowledge in many areas have grown to where I'm not faking it at all, but my confidence in meeting with a bank rep to 'sell' myself so to speak is (well, was ) way outside my comfort zone...BUT I DID IT!!!! And in fact, I was so complimented on what I've done so far it was really an awesome meeting! We talked about how I got started off a late nite infomercial and his eyes got really big. I told him about Dean, coaching and this site. As a matter of fact - if your reading this I have to say great to be working with you Joe!
And wow did I learn alot. To answer your question, HCIInc, I met with the Senior Mortgage Rep handling investment portfolio lending. He spent 2 hours with me, and was very willing to look at all angles of creative financing for my current rehab and future deals. He understood that I want to position myself so that when one deal is coming to close, be it hold or flip, I can already have another ready to go without that wait time inbetween. So thanks to what I've done to date I came across as a solid investment for THEM. Cool
He did tell me something interesting about lease/option agreements. When it comes time for the tenant to exercise the option, the BANK has the right to accept or reject the amount applied each month towards their down payment! The best way to protect everyone involved is to state in the lease that you will be charging them FMV rent of $XXXX, with an aditional $XXX added which will be applied to their down payment. If the banks dont feel they were charged any extra than normal rent for that area they can deny the application of the extra money. I had never heard that before but would definitely be a bummer.
ANYWAY - I'm feeling really good even though I cant pull the money out of my current house in order to hold it....so I will sell outright and position myself on the next one as a buy and hold from the start. Keep making those deals everyone!

Power + Actions + Confidence. I would also like to add Power + Actions + Confidence + Results! I've always believe that if you have faith in what you do, put your faith into work and not only that you will gain confidence, but great results! Good luck in all you Laura and wishing you the best!

Lloyd

You nailed it Laura. Once that first deal goes through, I think everyone cracks the code to your formula:

Knowledge + Action + Confidence = SUCCESS!!
*** P E R S E V E R A N C E ***

I thought I would add one more element that is key to making it through the whole cycle.

Thanks for the post and the encouraging insights.

Robbie

Thanks for the feedback Laura. People like you sharing the info you have help pave the road and make it even easier for people like me who are just getting started

THaks a million see you at the top
Shane

Laura, you continue to show your amazing talents continually. We have and continue to learn from your experiences, deals and business practices. You are selfless and fearless in the REI arena. You are an incredible example to us all. May you continue to excel in everything you do. God Bless.

Sandra

Thanks for more inspiration, can never get enough. Knowledge is POWER & what a Powerful site this is. Silverhound (WHAT BOX?)

I have read a lot of your posts and have found them to be very inspiring to everyone. Keep up the good work and I'll keep learning from your experiences.

who has posted on this thread. I love Shanes comment - "see you at the top!" Thats where we are all going to be for sure. I am humbled and honored that I can be an inspiration to so many people. I remember when I first joined this site and how all the wonderful people supported me, many of who are now great and dear friends! So to be in a position to give that back is totally amazing!

Thanks for sharing the outcome of the meeting and the information about the bank having "...the right to accept or reject the amount applied each month towards their down payment" and the best way to protect the parties.

Wow Laura it's amazing how having confidence in ourselves and what we are doing can change our prepective of what others think of us. I totally agree we are faking it until we make it, but with all the knowledge we get from Dean's programs we may start off that way but in the end we have gain alot of knowledge. Before you know you will also be one of those experts giving advice to others.

Keep Up the Good Work!
dlnew

Being afraid of what misforture the future may hold can keep you stuck in the darkness of depression or aniety. Fear prevents you from walking through the valley and recieve your blessing on the other side.

If you ever remember anything that I say, remember this.
THERE IS NO REWARD WITHOUT RISK.
You have got the brass, I know it, now go out and knock this banker off his feet.....Jan

Laura, congrats on the successful meeting w/ the bank!
I am new to this web site and the DG family; so far so good.
I need to get some financial backing as well and always thought it best to meet w/ the decision makers, those who have the authority to make it happen.
Did you need to go through loan officers first? If not, please detail how you gained access to a senior mortgage rep.
Thanks,
Ronald

Hi laurajohnson,
I think i am getting too old for this!

Your post on,One of my days in my REI career. It was very good information and thank-you!!!

With-out even reading your comment,I felt a word...Empowerment,And here is LJ typing this strange WORD.

Empowerment:Seems too have no beginning or No end/I have looked up many words in my day...And this one has no meaning.(Yes for comic book readers,It might)

You have empowered me Laura J

Randall

Thanks for sharing your thoughts here! I will address them all:
CCC - this site is the most amazing source of info around, isnt it? When I have time to browse through the posts (usually very late at nite- sneaking on at work right now) I always learn something new and gain new inspiration from everyones stories.
dlnew- its so true - as I reflect back on the past year and a half - I realize that people at work as well as friends who rolled their eyes now come to me to ask questions and no longer have that skepticism in their voices and it really feels great!
Jan- You are a great inspiration to me and I follow you faithfully! I have printed out you quote in the largest font I could and posted it in various places. I know it and live it - especially on my first deal - but sometimes we forget and let the fear factor cloud our vision. No more!!!!
Rcrites - I have been doing my banking with one of the largest around - but after the EDGE moved my accounts to the small local bank. When I called up and explained what I was seeking - I was transferred directly to him no questions asked. And like I said - he spent nearly two hours with me and we both learned from each other.
Rosefield - when I read you say that you have been empowered by reading my posts I kinda get choked up! To post here and have my experiences touch others in a positive way is a gift no monetary amount can be put on. So thank you for your kind words.
Love to all my DG family - you guys are the best!

Thank you and way to go. I too will present my case to a smaller local bank, albeit without the history you brought. So I may need to work my way to the top. Nonetheless, I shall conquer. Wish me luck!
Thank you again.

You are awesome!
I have to agree with the others, you are definitely NOT faking it anymore! You are an inspiration to me along with so many others, and I'm so thankful to have you and your strong voice as a friend and DG sister!

God bless,

Rina

P.S. Totally agree about the small banks!