OfflineHello to whomever may be reading this. I am completely new to this site and to REI. I have had an interest in it for years! I never thought I'd be able to do it myself. I have not read any of DG's books, I found this site after receiving some tickets in the mail and watching some videos. I must say that I feel empowered after watching the videos. I want to really dig in.....but I don't have a clue as to where to start. I feel like I was led here and I want to make the most of it.
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I finally got one of Dean's books I am blown away! He makes me feel like I can do this! I am gearing up to get started now! I just need a little more understanding regarding what forms to use and what they mean so I can explain them quickly and easily to the seller/buyer. Any help or wisdom I can get will be most appreciated and welcome.
I may have goofed.....I found a seller before I found a buyer. What's worse I think I may have given the seller the wrong impression in our conversation. I was just doing one of the action steps in Dean's book. I was calling a seller just to inquire about why they were selling. Next thing I know I'm talking about price and showing....did I screw up?
Work on your buyers list first. Then get a dream team together, then join other investors in your area. Read all of deans books, over and over, High light them. Find out what your state rules are for property investments. in Ca. for instance, you have to be careful with bird dogging. It is actually a $10,000. fine and a possible 1 year of jail if you get caught. There is a fine line and if I could tell you more I would but that is what stopped me two years ago, I couldn't figure how I could assign properties in Ca. Realtors would read me the riot act when I called them. Now, I read I could have done a back to back closing. I was reading last night on the internet theses days I can do a Transactional closing? They are just closings with a different twist. In 2008, laws started changing, 2010, they said you had to hold a property for at least 90 days if you were assigning, it was crazy! People were getting kicked out of there houses too soon, A mess! Things seem like they have settled down a bit. Just don't get ahead of yourself. Remember, A house is often the most expensive item a person will ever own. There are memories and emotions all tied up in that as well. To you it is a house that may be a great way to make some money. To the owner it maybe a place where their children were raised, they were married, where they went to see grandma and grandpa. You wouldn't want to operate on someone unless you knew what you were doing, so take one step at a time and learn and do what is suggested first, Create your buyers list.
Charisse
Guess I'm just overly eager to get started. Buyers list..........okay. I'll try that first. The concept of gathering buyers just seems to elude me right now. Guess I'm thinking too much like retail.
I see you live in PA i live in PA my self Philly to be more specific. I was wondering if we could partner up. I was out scouting for houses lasr week sometime and came across an older women thats doing the same as we are and has yet to make a deal happen, so i got her number and plan to partner up with her. Maybe we could all come together to make this work for us, like Dean says its best to partner up. And if we still get stuck I'm sure the 3 of us could build up the cash to enter Deans success academy or any other program that could help. Also Dean is having a seminar in Pa. Maybe we could meet there. Or i could give you my number if you are interrested in teaming up... Rob