SUCCESS begins at the end of your comfort zone!

It was nice to meet you at the AM training! I went out yesterday and bought a very large map of the U.S. We hung it on the wall in Deborah's office. Now we are picking three cities to start with. Dean's criteria won't work in Colorado.
I have three closings before July 1st and still maintaining my offer flow here so I am putting more responsibility on my three A player agents. I will free up a little time to get the other areas going. Meeting with agents today at 9:15, 11:00 and 2:00.

100% responsibility!

Hope all is well,
Michael

Nice to meet you, too!!! In an ABUNDANT world there are plenty of markets and properties to choose from!!! Good luck in your search and please let me know where you land

I am 100% responsible for my business - LOVE IT!

Kristin

I have way too much energy after these events!!! My fiancee has been busy prepping our house for dinner guests and all I want to do is KEEP WORKING!!!!!!

Nonetheless, I'm lucky to have had a productive day so far:
- 25 offers OUT THE DOOR (brings my total this week to 37)
- Set up a showing tomorrow at one of my wholesale properties - LETS HOPE THIS BUYER WANTS IT!
- Convinced at least ONE wholesaler to put all his leads in my new "wholesaler submittal form". Hoping we have some properties with solid returns. Will have to look through them tonight or ASAP tomorrow
- Received a LEAD from my old realtor about 5 condos with tenants that need to be moved for $50k total. Thinking I can make $5k on this deal and going to post a teaser lead on DGIE to see if I get any bites before I proceed to contract...
- On the 2 FSBO leads I'm working, sent an email to each seller trying to reduce price so that I can make these work

Is it tomorrow yet!?!?!

Coincidence because it's the same seller for both.
Great deals!!! Spent the last hour (after my dinner guests left) posting ads on DGIE and Postlets to get the word out with these gems!!!

Lots to do tomorrow!!!

having obligations outside of RE investing really requires you to make the MOST of every day! I'm feeling good about my accomplishments today but wish I had more time

I now have FOUR wholesalers willing to use my wholesaler submittal form - awesome! On friday I plan to do more outreach via CL to find more FSBO's and other wholesalers with ads. I want to get a lot of people plugged into my system to make things run efficiently.

Worked out some "kinks" on the 2 properties I got under contract last night. We are very apprehensive about the condition of these properties because one is reportedly "door open, go in as you please". And, the other property is reportedly occupied. The Property Manager has arranged to get in both units tomorrow and provide his feedback. From there, we will decide if it's worth researching comps or just walking away.

Talked again to my Title company who will allow us to dry double close. Talked about the 2 properties we have on contract so that he is ready to go if we decide to move forward. Also, he confirmed that any house $50k or under will be $825 (all fees, etc included). This is good to know!

Called the tax assessors office this morning like I learned in the AM office to talk about the taxes for these 2 properties. Normally, I look them up online, which I had done for these 2, but it's good to have a voice behind the phone reiterating what i'm seeing and also talking about tax

Tomorrow I am out of pocket, but am intrigued to hear the feedback on the 2 recent contracts. Also, I have 13 offers tee'd up and ready to send to my agent (brings total this week to 50).

thirsty for deals!!!
Received some counter offers from outbound efforts, but nothing that looks promising yet.
set up tracking sheet on google docs for my realtor
scheduled orientation for monday!

Tomorrow we're driving all day and I'm planning to do some outbound CL stuff

Good day today! Didn't make any money but made PROGRESS!! Took all weekend off so feeling good that I got anything done today

Held a call with my realtor to check in from last week. All things are on target and we laid out a few action plans to keep moving forward.

Had my orientation call with the DG team for AM work. Sounds like all systems are a "go"! Just need to find properties now that fit the criteria!!

Talked to a few CL ads. Ran numbers on many properties. Narrowed in on a good one only to find it was a "D" neighborhood and decided to walk. The numbers were good but not THAT good to warrant me spending any more time on it.

Set up a property manager and contractor walk-through for one of my properties.

Every day I make progress is another day I'm closer to making $$$

Today, I submitted 22 offers! What's a MIRACLE is that Dave actually typed up the POF this time. I couldn't believe it!! Anyone who submits this many offers at once who doesn't have the luxury of a blanket POF, knows what a process this is. I have a pretty good system, showed Dave and he was off to the races. He even got 20 more prepped for tomorrow's offers! If we can tag team like this moving forward then we will be able to double our productivity!!

Called all the FSBO ads that I picked up when I drove for dollars a few weeks ago in Indy. Left 9 messages. Got a lead on one - a duplex - sounds like it might be a "go" at a verbally agreed to price ($11k less than her asking) but waiting for pictures before I send a rehabber there.

1 week left of the Insanity workouts!!!

1 offer accepted today! - My FIRST for sale by owner!

Narrowing in on another gem from the MLS. Waiting for offer to be reviewed.

Had a good day advertising 2 houses and talking to prospective buyers!
Submitted 19 other offers
Made some modifications to the way my realtor and I are working together and tracking deals

-Whether you think you can or think you can't, YOU"RE RIGHT!-

I
NEED
BUYERS

2 properties under contract - neither quite fit Dean's needs for return - but both are great deals! NEED.TO.FIND.BUYERS. Full court press

22 phone calls today
several emails

The hunt continues tomorrow!!!

I have been SCRATCHING my head to figure out how to take this thing to the next level. The thing is, up until I went to the AM training, I was finding GREAT houses but can't close because my buyers don't like them for one reason or another. Then, I fired my whole team (realtor, property manager, contractor, etc) and started over! Best feeling ever!

So, for 2 weeks I've been working with my new A team and am really finding good deals now. And, I feel a sense of obligation not to let them down but also to start making more $$$$$. All is good because now I can sell my houses to Dean.

But, sometimes I find great deals that don't meet Dean's criteria that I would still love to do something with... so again, i turn to wholesaling only my buyers still aren't buying.

Finally, after talking to enough people I realized I NEED PRIVATE MONEY or hard money but I just need money... So, I took the advice of a few DG friends and sent an email to all my buyers, wholesalers and REI network asking for money. And wouldn't you know it - I found some!!! I'm excited to take this thing to the next level. To find deals for Dean AND to have the money and power team in place to close on other deals

Very excited about this......

You have to keep moving forward.

Close to locking in another GREAT house in a very desired "B" neighborhood that is completely rent ready AND has $15k built in profit or much more by the time the person sells this. Seriously, this house is GOOD. Going to make $5k wholesaling it or find a way to keep it myself!

In fact, I'm sitting on 3 houses right now that will each net me $5k - but no Assignments are official for any of them --- YET!

I'm very excited that all the momentum from the last 3 weeks is paying off. Despite having issues with banks in the market saying they are going to refinance based on appraisal price and then telling us thats not what they meant (?!?) I'm still moving forward. Because, regardless of banks I can still sell houses to Dean to flip. And that's exactly what I'm focused on right now. Duplex flips for Dean, SFH flips for my new PML, and killer buy & holds for others in my network.

Here's the question of the day: How do you use OPM to buy & hold? Insider's cash loans 50% purchase price plus charges $3k when you pay back (so you owe the 50% plus $3k) and then charges 1% each month. And they will do this for 2 years. Not bad.... But, is there another way???? YES! I need to create another way. If I can't get over the wall or under the wall or break down the wall I must go through the wall!

Suggestions on creative terms used with OPM to buy & hold are welcomed....

You are taking action girl!! It's just a matter of time. If I were you I would concentrate on expanding my buyers list. Either your deals aren't strong OR your buyers list is weak. It sounds like you are getting some good deals so that means you don't have the right buyers.
Are you trying to wholesale turnkey rental properties or fix/flips to rehab type investors?

Again though I have to say, the things you are doing now will lead you to success with out a doubt!

As far as OPM on buy and holds: You can use a Hard Money loan to acquire
and rehab the property then refi out when the place is rented. Check with your local REI club and find out who the locals use to do their refi. A lot of times they will have a booth or table set up at the REI meeting! This strategy requires you have the money to do the HM loan. Usually 6 months of payments in the bank in advance.

You can form a equity partnership with a PM guy and split the deal or base the PM loan on interest payments.

Have you been to a local county foreclosure auction?

Good luck to you and Dave, it won't be long!
Michael

Thanks for the encouragement! And more importantly for checking in and providing feedback on using OPM for buy & holds.

The bottom line is we need more buyers AND some of our properties are sub-par. I've noticed recently that a few of my buyers who I thought were legitimate are actually wholesalers. That's OK but not always what I need.. So, I'm focusing on finding more buyers!!! It's an ongoing game. And I also need to learn to walk away from the bad deals and not just make a deal happen just to say I have a deal because that doesn't do anything but waste time

Our biggest bottleneck right now is cash flow and cash reserves to buy & hold whether by ourselves or using OPM which means right now I'm going focus on the flips and wholesales. I am excited because I finally found a PML interested in flipping so with him and Dean, I should be on the right track to getting deals done. AS SOON AS I FIND THE RIGHT DEALS. I'm not in my investment market so I'm limited to on-site meetings like REI's and foreclosure auctions but I'm constantly networking over the phone and online to make up some of the difference. After my last trip to Indy before we all flew to AZ for the AM training, I saw the VALUE of being on-site and the ability to post bandit signs, meet people face to face and expand my network with the clubs, auctions, etc. For now, I"m going to keep my nose to the ground and keep plugging away

Short-term goals
- Dean
- PML
- Wholesale

End of year goals
- 3 properties to Dean ($7,500)
- 2 properties to PML ($20k+)
- 5 more wholesale deals ($15k+)

I CAN DO THIS!!!!!

You can achieve this and so much more! I know you can CAN!

Yep - getting married tomorrow!!!! To my best friend )

Nonetheless, the beat marches on and I am typing away on my computer on our drive so I wanted to check in for a couple minutes since I will be unplugging for a few days.

Making lots of offers and getting a few deals accepted which are looking like they could be good deals for Dean!

Also, talking to my HML about the rent ready property I have and also looking at my IRA options of buying & holding this gem.

Learned something today with PML: make sure the loan is NON RECOURSE - this means they can't come after you if the project fails. Some people want you to fail. Non recourse prevents them from coming after you.

Remember: it's not about how much you make --- It's about how much you KEEP!

We are so happy for you guys. Although Dave has yet to show his face in our world(lol) we know that you are happy and that is most important.

Enjoy the Day tomorrow and post Pics or something so we can enjoy it with you from here.

Cheers!
Jeff & Melis

I like to see the enthusiasm you two put out there. Keep up the good work with investing & congrats on your wedding!

Kristin,

I met you at the EDGE event. congrats on your wedding, that is a very exciting time of your life and the commitments you make to each other.

I love watching you and your successes. You have been working very diligently and are making deals happen. Your enthusiasm is very exciting and motivating. Thank you for being a great example to me. It helps me to keep going and make more deals as well. Are you still thinking of moving to indiana?

I'll keep watching you guys and look forward to your next closed deal

Thanks for the note! Of course I remember talking at EDGE!

I'm from Indiana - not looking to go back anytime soon Are you still moving somewhere new? How is the newborn?

Things have been SLOW on my end ever since the wedding. I've become stagnant in my market and paying too much for deals therefore I keep having to walk away. Dave and I are refocusing to see if we want to shift strategies, shift markets or both

STAY TUNED!!!

Keep up the hard work and it will all be worth it. My wife,Julie left her job to work with me. We do this full time and are lovin it! Give a shout out if we can help.
John W

It was nice meeting you guys at the EDGE and AM training this past year!!

Success - Change - Progression comes at the end of your comfort zone! Why do we make it so difficult? We all love our comfort zone! I'm guilty as well. However, when we decide to take the extra steps, move outside and beyond our comfort zone things start to happen, change begins to take place and success comes! Just DO IT! You have to want it - crave it - need it - have passion to push yourself to do it! It's so worth it! You are here to create a change, don't stop now!

Happy Investing!

Thought I would check-in to the DG community because it's been a while, and also because I am very happy to say that we completed our first PML loan to another DG'er this morning! It feels great knowing that while I am not dedicating 110% right now to my business, at least I can still have my money out there working hard for me.

We've come along way this year! And, what I find most impressive is that we're diversified in our strategies. For example, we completed a few wholesale transactions, purchased a cash flowing duplex, purchased a note for our business with Insiders Cash and then turned around and used the same principal funds to invest with a friend this morning.

My excuse since July is that I wanted to switch markets and that's what's stalling my business; but in truth, I was just very frustrated with the lack of results and I was using the excuse of switching markets as an objection and am standing in my own way of success.

In 2014 we're hoping to acquire a second rental property (duplex or bigger), attend the EDGE in PHX and also wholesale at least 5 houses.

Short-term goals (within 5 years) we have our eyes on a 10 unit apartment complex. We figure we have a lot of investment strategies to learn between now and then so we can leverage OPM to make these dreams come true!

SLOW but STEADY!

So glad to see you posting again. Was wondering where you were.

It is easy to get frustrated when you are getting started but just hang in there and it will get easier.

Congrats on getting your first deal! Make sure you get in touch with the DGMod to get your diamond icon. You have earned it and it is great fun to get them! Sort of like getting stars on our papers when we are kids!

Look forward to seeing much more from you guys!

Karen

Check out our videos coming soon on the DGIE site. In 2014 we contributing 4 videos/month on a variety of subject matter and are very excited to be a contributor. Not sure when they will get posted so keep your eyes peeled!

I knew when I met you at the AM training in June that you would go far and do great things in this business. Every year will see new things and accomplishments for you guys I have no doubt. Like I said, it was obvious that you have "the right stuff".

Look forward to your wisdom videos on the IE site. Hope to see you at the EDGE 2014!

Michael

Thank you! Yes, I am excited for the videos and to hopefully become a bigger part of the training circuit!! I know I can be a great BOG trainer alongside rockstars like Jeff Jensen, Gena and ALL the others!! It's just a matter of time before Dean's team recognizes that too I have big plans for myself within his team -- he just doesn't know it yet! LOL

And, YES - looking forward to the EDGE 2014!!! Looking at hotels and flights this week. See you soon!!

Hi - Happy New Year's eve!

Can someone please tell me the website to submit our completed deals? I remember several months back when I told someone I completed my first deal they said I should submit it to a website - not to personally receive anything but I think it's helps demonstrate to new DG'ers the credibility behind what Dean teaches? We completed 5 deals this year and 1 deal at the tail of 2012 that I would like to submit.

Does this ring a bell? I might not be explaining it correctly.

Cheers
Kristin

Hi - Just to come full circle, I followed up with the success academy today and the website I was looking for is: www.mypmisucces.com <---- I think this site is for those of us that went through boots on the ground, or a similar program.

Make it a great day!
Kristin