SUCCESS begins at the end of your comfort zone!

Glad to see you posting again! Can't wait to see your videos. We have a few things going on right now, not enough though! We need to get busy and start creating deals.

It's good to be back!!!
Coming to the EDGE again??

Always good to connect with others from the DG community! Meeting with a couple tonight in St Petersburg as we are here for work and they live here. Looking forward to reconnecting with them to see how 2013 was and to learn more tips and tricks that we can use to grow our business moving forward.

What have you done to grow your business today??

The biggest piece of advice I received this evening was GET OUT OF YOUR OWN WAY!!! ….so true.

Always good to hear how other people complete their deals and what strategies they use. It's so very motivating to know you have friends in every city around the country! Thanks, Dean!

Hey Kristin,

Yeah we'll be there, with bells and whistles! Hopefully a few more deals under our belts to!

feeling good moving into 2014.

totaled up our deals from 2013 (7 total!) and putting together our year-end financial statements.

have a contractor going to our duplex to quote us repair costs for one of the sides now that we've evicted our tenants and considering putting this thing on the market.

also, waiting on counter offers from commercial properties. and, waiting on a list of MLS houses to make offers.

had a very interesting dinner meeting last night with a $MM mentor who shared his knowledge on interest rates and leveraging money. he was involved in wholesaling land in the 1970's for 10 years before the housing bust of the 1980's. 30 year mortgage rates in the early '80s peaked at 18%! Could you imagine that?? the market is cyclical. when everyone buys - don't; when no one buys - do. having the foresight to predict where we are heading is another story…

received an inbound call this afternoon from another investor looking for deals AND with off-market deals to off-load. His buying criteria is pretty straightforward and i've already shot an email off to a few investors who i know buy in that area to see if i can put a deal together.

the off-market deals also seem interesting
1) guy owes $86,787.99
3 bed, 1.5 bath, full basement
needs updating
worth $125k

2) seller wants $5k
plus there are $20k in past due taxes
needs updating
worth only $55k-ish

then he told me about a 41 unit apartment complex that is 85% occupied..

I'm going to see if I can make a deal happen and keep this guy around a little longer

in other news, stillllll waiting on my deadbeat contractor to go quote the duplex i asked him about last Sunday. the weather has been HORRIBLE, so i guess i should only be half-mad :|

So the inbound call from late last week is looking promising. Have some interest in one of the houses he has and we're setting up a showing tomorrow.

contractor for my duplex came back with a quote that is HALF the cost of the other 2 quotes, so that's promising but I also learned that my deadbeat property manager turned the power off and TWO pipes froze and BROKE. I contacted an attorney, since it states in my contract with the PM that they are to be responsible for the electricity and he said my intentions are right but I will need to file an insurance claim and then the insurance company will go after the PM. What a nightmare. Just when I thought we were status-quo with that duplex. At least we have insurance on the property I know a lot of cash buyers who don't insure… My contractor turned off the water so that it won't happen again and I have an email out to my PM to figure out what the heck he was thinking by turning off the electricity. But of course, because he's clearly not an A player, and because I emailed him on Saturday, he's not going to get back to me until Monday/Tuesday.

Lesson learned: DONT WORK WITH ANYONE OTHER THAN AN A PLAYER. It's not worth the time, energy, money or frustration.

Plane ticket to the EDGE is booked - ONLY $300!!! Getting in Thursday afternoon in hopes of meeting up with people and dedicating time to working on RE!

Look forward to seeing all the usual suspects there and meeting new friends!

I am waiting on 2 signed contracts as we speak. It's never over until the check clears at closing but this is as close to a deal that I've gotten since July 2013 and it feels good to have the momentum starting. This weekend I'm planning to make about 50 offers so that the pipeline of counter offers is steady when I'm in Costa Rica next week.

Deal 1: Contract to secure a house to wholesale (this is deal #2 listed above in post #157)
Deal 2: Contract to sell our dilapidated duplex.

well those two deals fell through, but that happens!
4 more offers out the door today. Not 25, but ramping back up!

In the hunt for some competitive contractors so I have 7 guys heading to a 5 unit multifamily property tonight to get me bids. This is the result of 1 CL ad posted last night and the responses came POURING in within the hour. I copied the ad below so you can use it! (but for the record, this is not my own creation. i'm simply using the tools in my toolbox) I started to turn people away because I'm an out of state investor therefore I won't get to the meet the people in person and I don't want to burn them out on this bid.

lesson learned: follow the system and you'll get results!

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I am looking for a 2-4 man crew to rehab houses for me. And, I need someone to go to a house in 46222 TUESDAY Jan 21 at 5pm to quote a project.

I buy foreclosures in Indianapolis and need an additional rehab team. If you can answer yes to the below criteria you may qualify:

- Have your own tools
- Show up every day
- Get the job done on time
- Have insurance
- Have knowledge of local codes
- Do good quality work
- Work without supervision
- Have experience
- Get paid by the job, not by the hour
- Get paid 1/2 of the job at the halfway point and the rest upon completion - Have reasonable rates

If you think you are the crew for this job then respond and let's get started. If you answered no to any of those questions you won't be a good fit.

Thanks for your time. Please email me

8 unit apartment complex
$180k yielding 13%+ ROI
Needs $10k repairs
All brick
less than $25k/door
New electrical and heating

21 days for my inspection period…starts NOW

Not for the 8 unit building above, that thing was a mess and we walked away.

But, for selling a duplex. $8k in my pocket!

Also, setting up 4 more contracts as we speak for very little profit (between $500-1,000 per deal). I'll take what we can get! Working on building the MOJO!

Hey Kristin,

Congrats on the closing yesterday! Love seeing your fired and success, I need to get back on these forums more to get my fire going. We are closing our latest rehab on Fri, can't wait to see the bank account going back up! We are still trying to get tenants in our live/work townhome, we have a mother and daughter that have called us back and are interested so we need to meet out there again with a plumber and contractor so we can make sure the changes in the commercial area can be done. Working on another deal that could be huge with 8 townhomes, really 4, 2 story duplexes, if this one goes through we'll be sitting pretty! Later

whats goin on ?? how are you...??