Bad Decision

Bill I was busy what happened?

Those posts went away quite quickly... Part of me never knows how to respond to people like that. Do I try coaching and helping or do you ignore them so they get off the newest threads? I think being part of DG we should help people that are not having success and get to the bottom of it so they have a better experience but at the same time, the people that do nothing are the ones that say it didn't work and bash whatever program that "failed" them. Mixed feelings but Bill I am glad that you genuinely tried to help!

Sometimes, I just wonder if these "top people" can have empathy for the anquish and desperation that some people are having in this economic environment. While you can't fix everybody's problem, I think at the very least, you can treat them with respect and extend the Golden Rule.

I agree, when people are told everyone can do it just keep going. But everyone can't do it. Some people just don't have it in them, and it's not their fault that's just the way it is. But I don't think these things are handled wright here. Some one should have tried to see what the problem was and offer some suggestions.Even if they are not in one of the programs offered.

It was probably the one from yesterday in which I responded. I can't seem to find it here on the site.

I told the truth of my experiences. I have been working with Dean's strategies for 2 years now and in the Cecil Co Maryland and New Castle Co Delaware area it is hard to get it done. NOT impossible , just extremely difficult.

The experiences I spoke about are all true. Realtors will work with you in my area on assignments , if you can follow through should the end buyer not work out. In other words, if you have the ability to buy the home yourself , fine , but if not , they say you are wasting their time. Sellers in this area do not want to take their home off the market while you search for a buyer. Now to that end , I have established a buyer with about 7 or 8 cash investors. But unfortunately they are all window shoppers. You bring them homes that they want based on the criteria they gave and there is always something wrong with them to which they don't buy the property from me .

Another thing is what's this new thing to where buyers only want homes that are not listed on any site or on the listings?? FSBOs in this area are untouchables because the sellers think this is still 2006 . There are homes in Cecil County Maryland that have been on the market for 3 years now !! NO BS !! The sellers will not come down with the market. It is unbelievable !!

Once again , I am not giving up -- I refuse to quit. I am again open to any and all suggestions from the DG family.

Please do not remove this post !! I am asking for help from other Dean Graziosi members. I AM NOT knocking Dean's strategies , books whatsoever !!

Thanks ,

Randy S.
Elkton Maryland

as much as I like it, has to stop with this feeling of 'Utopia, Everything Will Work Out, Nothing Can Go Wrong if you heed the words of Dean' mentality. Granted, dude is successful and alot of what he says is close to on point, but with anything there is a margin of error.

Also, the extra tight security or comments on here reminds me of '1984'.

We're all adults here; not everyone is going to agree on everything and people have a right to not believe or doubt and question even the teachings of Dean, but to erase other views is wack, to say the least.

I'm sure this will get erased but it is what it is.

Thanks Elix !! I am glad someone here understands.

Bill Pohl -- I am open to all of your ideas and suggestions. I never got to read what you wrote because the posts were gone this morning. So please either write them here or private message me . Thanks

Again , I WANT to SUCCEED !! I want to make Dean's strategies work for me in my area -- simple as that ..

I am open to all suggestions and ideas !!

Good luck to everyone in 2011 !

Randy S.
Elkton MD

Randy

You haven't said anything to p--- anyone off yet, believe me I know. Nothing is impossible, but its not as easy as allot of people lead others to believe either. Some areas it works well like picking up pop cans on the street, and other places it doesn't. It doesn't work here in NY very easy,some people around here want to call the BBB on you. And the Realtors don't want any part of it, unless they are doing it for their self and then they don't want you cutting to their market.

I know this very well I did rehabs for one here for years in the early 90s and he hates to see me show up at the auctions, I always out bid him and he can't stand it.

But every area has its ups and downs you just have to find what works for you and just keep doing it.

Have you tried other areas? Look at craigslist Maryland and try to study which areas have most houses are for sale by owners or wholesalers. That way, you can identify what market and what areas are easy to find deals so you can practice whats in the book. You can gain more confidence and experience then get back to your own Comfort zone area. I'm trying to get out of my main area which is Baltimore and try to reach out Cecil, Anne Arundel etc, but it's really hard to find a killer deal in those areas. Let me know if you need buyers, I can hook up with some of them and we can partner. Blessings to all. LA

Alright all of Deans books and videos are great and they have all the information to work every type of deal. But all strategies don't work everywhere or for everyone. People need to stop referring to Deans book as the Bible, you know read the book and you will be rich. People need to start thinking for their self and use all that great information as a tool. That's what we all should be telling people.

I agree with all of you. I do recommend this site to people and DG training. Compared to others I tried and got ripped off, at least Dean does offer help and really good tools.
I had no problem finding FSBO over a year ago, now they all think their places are gold. Had 2 fantastic homes, in the Kettle Moraine Forest where there are places for camping with horses and hundreds of miles of trails. Found nice ranches, sitting empty, parents were gone and the family wouldn't budge on prices that were easily $80-100k over priced. I eventually walked away, and these homes are still empty.
I finally starting getting responses by advertising on CL looking for houses. Couldn't afford newspaper ads. But the first 3 days, got 2 calls, and both I am working with. And I intend to put out more.
But with all of Deans post I have met some great people and it has helped me get the push to do more, I have posted questions about a deal, and all of a sudden "someone" has come on and posted something 5 or 6 times, and knocked everyone else off. Then I don't get my answer of help. That is NOT right!!
They may not like everything they read, but isn't this what this was for??? To help everyone, even if they get upset at times and post it. So what! We all get days like that, and what helps is to sound off and have your support help you over it, not blow you away!!
Thanks all of you on here because I have stuck with this because of your good advice and even some "sobering" advice! You made me more confident..I love this site.
Have a GREAT year everyone!!
Sandi

Thanks to all who responded. It is nice to know that people understand where I am coming from and to those who offer advice or suggestions and ideas.

James -- You nailed it !! In this area these strategies don't work . I didn't want to offend anyone and have the post removed . Assignments work here if you can buy the home outright should the end buyer not work out.

Sandi -- You are also right about folks think their house is gold . This is 2011 not 2001 - 2006 !! Prices are at best 55 to 60 percent of what they sold for in those years.

Anyone having problems with window shoppers ?? Buyers who only want to look at what you have --even if it fits their criteria. That is the most frustrating. These people will sign a contract with you to birddog for them and never buy anything.

As to looking elsewhere to invest , I have been contemplating that for a while now . I may have to do that.

The biggest problem with me is NO money and BAD credit , with NO job !!!

For me to get started in real estate the solution will have to be very creative to say the least !!

But I refuse to give up !!

Thanks again to all that responded . Much obliged .

Randy S.
Elkton Maryland

There is one factor everyone is not considering here,when Dean started doing this there were vary few that used the same strategies,I only know of one from around here and he is very wealthy now. But now twenty years later and hundreds of books and gurus out there,there are thousands competing for the same market. That's why we have to keep evolving and changing our strategies to just try to get our foot in the door.

In August2010 when I bought the Set For Life System there was only 3400 users, this morning that number is pushing 8000,and just think of how many are trying to do REI that are not on the system or here on the DG network.

Just an ideal but why don't you try to find some rehaber and tell them that you can find them great deal if they are willing to work out some sort of split or upfront finders fee.

Although my experience with rehabbers has not been great so far . I will definitely try that avenue.

Thanks James

Randy

Thanks again James -- another great point.

Matt Larson and some of the others worked these strategies back in 2007 and 2008. They do not work today . The market has hit the bottom and with the finance crisis - no one will take the chances they took 5 years ago.

The strategies are great -- by themselves. It is the market conditions and the fact that people will not cooperate with you to make these ideas work.

Randy S.
Elkton MD

A good place to find a rehabber with all cash is the MLS sold listings and go to the county and lookup mailing address of owner.

Incorporate what you learn from others but get your own identity when doing this and you should be fine.

Bill you DO do your best at helping . PLEASE keep it up ! Even if the words are not put right . I know . Being rather new yet I have unintentionally worded things very badly .
You guys do try to correct situations . This IS a good choice for a system . But I agree with all of you in general on your posts here so far . Maybe some of the censorship should or shouldn't be .( OZ wasn't that perfect either . (meant as humor)).
It isn't nice ya'all are having difficulties, but it is nice to see that someone else is, and it should get attended to by discussion here or another forum .
I much prefer Randys way of putting the situation than I said it . Hope I'm not threading or something here in this post and my wording is improved .
In my opinion ***** stars to all of you . Thank You !

It won't work until you find the right ones, then you will wonder why you took so long to try.

Once you do the first deal it seems like ... Why didn't I try that before ??

Randy S.
Elkton MD

Man.....I'm just very lost on this post. LOL! Guessing something when down last night, while I was doing letters to mail to cash buyers and didn't get on here.

Each day is another chance. One thing I have learned is that: I can't control the actions of others, I can ONLY control my actions and reactions.

Let's make it a great day! (It's always a decision anyway)

J

I am in a seashore resort where properties are still selling for a million bucks! We also have a glut of rental properties around here. So even if you can finegle a way to lock it up cash buyers are sitting on properties they can't rent out. I would love to pick up some deals but they are still too expensive and we are a seasonal area....sooooo tonight I am going to a real estate investment club meeting in another county hoping to make some contacts and find something not in my area....we will see!
Good Luck...
Barbara

Randy....how extensive is your marketing? have you been to any real estate clubs to network with other investors? It comes down to time vs money....If you have money, you don't have to spend as much time marketing. If you don't have money, you have to spend more time marketing. I just went to craigs list in the baltimore area and found several good deals. The deals are there, but maybe not in your back yard.

"but if not , they say you are wasting their time. Sellers in this area do not want to take their home off the market while you search for a buyer. Now to that end , I have established a buyer with about 7 or 8 cash investors. But unfortunately they are all window shoppers."
.....don't waste your time with realtors. Most of them are just "order takers". The quickest way to find an investor friendly realtor is to go to a real estate club meeting in your area. Sounds like you need to qualify your buyers better and expand your buyers list.

"There are homes in Cecil County Maryland that have been on the market for 3 years now !! NO BS !! The sellers will not come down with the market. It is unbelievable !!"
........That would describe an unmotivated seller

"Sellers in this area do not want to take their home off the market while you search for a buyer."
......Don't take it off the market....google "flex option" or "non-exclusive option to purchase" and download a non-circumvent/non-disclosure agreement to use with the option agreement. Either do a sale/assignment or lease/option.

I will look into the flex option.

Some of my buyers include reputable realtors and businessman who are indeed cash buyers -- but they are only window shopping . Not really wanting to buy.

Baltimore is too far away . I am on the eastern shore at the Delaware and Pennsylvania line.

It's the same cry from all the buyers around here -- we don't want any properties that are already listed . The FSBOs have inflexible sellers who like I said think this is still 2006 and their home is gold.

Another obstacle is the earnest money deposit .. You are expected to put down a high EMD . Otherwise your offer has no credibility or so I am consistently being told.

The market around where I live is one of THE toughest markets out there. There is a huge amount of inventory , but sellers who refuse to negotiate or be flexible. Then you have buyers who just want to look , and not ever buy.

Again , the assignment works around here if and only if you have the ability to buy the home should your end buyer fail.

But , I will evaluate the tips and ideas you suggested and try to implement them into my business.

Believe me , I want to succeed , and do it right in my area .

Thanks ,

Randy S.
Elkton MD

To all of the folks who made suggestions on this forum.

All will be considered and practiced.

Anyone else have any additional ideas or suggestions ?? I am open to all.

Randy S.
Elkton MD

But you need to invest in my neck of the woods.

Realtors will not write offers with assignments if they even suspect that you can't complete the deal. You are wasting your time and hurting their image.
I have experienced this. Stipulations work in contracts that are written. The majority of agents around my area won't even write the offer. You will be laughed at and dismissed promptly. It's all about image here.

The buyers around here are window shoppers. They will sign an agreement with you and tell you what they want. When you bring them props that fit their criteria -- they still don't buy. I have had this with 3 buyers now .

I will take all of your advice and see what works.

Sellers in my area think their home is worth what is was worth back in 2006 .
They will not budge . That is an inflexible seller , period.

Randy S
Elkton MD

As I said, I have found several FSBO where they really were asking way over its value. And they do refuse to budge. Then a Realtor comes along and talks them into a contract. The seller then keeps the price up there, and these 2 houses are still over a year later, sitting empty.
But I find my FSBO to work with, when they call you. When I put out an ad looking for a motivated seller, then I get calls and those are the ones who will work with you.
Also REMAX does a lot of foreclosures. My agent that I first talked to, I told him what I needed in an agent, and he was actually wanting to learn more about investors. He did an assignment with me on a home, and the contract was only for 4 weeks, and I didn't sell it. But the experience was great. I had my exit claus for financing contingency and for being able to assign. I wasn't sure if I wanted to fix up the place, so I didn't attempt for financing and it just ran out.
My agent never did an assignment before. But now that he knows how this works for both him and me, he is looking for some expired listings and motivated sellers. Another agent, when I called about a house, I came right out and told her, it needs to be assignable and she has now showed me 6 more.
So call some agents and come right out and ask them.
And put out ads even in other towns/states. When someone chooses to call you, they are looking for help.
Hope this helps you a bit. I just got 3 calls in less than one week, on just one craigslist ad, looking for motivated sellers.
Good luck
Sandi

I will try what you suggest.

It is just very frustrating -- I have been at this for over 2 years now and still can't make it work . The reason -- no money , bad credit and no job .

Where I live , it takes money to make money . Period.

Randy S.
Elkton , MD