Make Every Day Count Journal

I had that happen before and it is unfortunate. I would argue it with the bank and even provide the comps in your area that might support where this appraiser low balled your property. I would ask the bank if they could re-appraise the property with a different appraiser. Sometimes a bank gets these cheaper appraisers but they do not know an area as well or these type of appraisers "want to be a super hero" to the bank and come in really low to be conservative. They should be able to send another appraiser. It may be worth it even if it costs you for another appraisal. Good luck. Make every day count. Believe and Achieve! - Joe and Stacey

I am actually working with a mortgage company that I found at the Buying Summit and they have been great. They unfortunately don't have any control over who gets sent out to do the appraisal. I will consider doing a second if things don't work out. The appraisal company is looking into it and we have provided them comps of the most recent sales in the building. One comp shows the price at $40/sf higher and the other shows it as being $75/sf higher. Right now I am just waiting to hear what they have to say. Thanks again!

Today: I discovered that I have access to Dean's books on audio. I plan on listening to them all day while I drive around at work.

Tonight: Bandit signs! I am excited! (it must be all of those years of putting out garage sale signs with my Mom as a kid. My mom used to be the Garage sale queen in that small Nebraska town)

Bob
Still loving life and it can only get better!

Each thing we do in real estate helps us to do more in the fuutre. Just like things we did as children may help us now in real estate. Have a great weekend. Make every day count! Believe and Achieve! - Joe and Stacey

Thank you Joe and Stacey,

I really like this accountability approach, I am new and trying to educate myself as thoroughly as I can and am putting together the initial things, buyer's list, sellers, finding an agent etc so I can get my first deal. Wow, that is still ahead of me, my first deal - takes my breath away just thinking about it. I'm having to balance this with my 40 hour a week cubical job that I cannot wait to be able to walk away from one day. This my first journal post. I finished reading"Totally Fulfilled " yesterday, am reading "Profit From Real Estate Right Now" for the second time because it has such valuable information. Again, thank you.

Wendy

OK missed a few days....
I finalized an other Lease option Thursday.I hired an additional employee to take over the duty's of my new investing assistant.
countered on an offer on offer we had made.
Friday-We have an excellent executive meeting. made some focused decisions on moving forward. I made more offers. I was told by one of our investors money is no problem.

Welcome to the Make Every Day Count Journal and we appreciate your first post. Everything we do always requires us to take that first step. That first step can lead to changing our lives. In some way, it can seem amazing how the small things can change things i nthe biggest way. The first real estate deal is always the hardest, but wee learn with everything we do. The first offer, the first buyer we get, etc. If you are willing to put in the time and effort, you can have success. When I teach people I often say one of the most important things is to be willing to do for your real estate business what yo uare willing to do for an employer. We oftenb work ard at the day job, but we can let ourselves down on our own business. If you can keep focused and do the mnost you can for your real estate business, the success wil lfollow and the day job will be a thing of the past. Continue to make every day count! Believe and Achieve! - Joe

Welcome back to the journal. It sounds like you have been moving forward and getting things accomplished each day. As our business grows it is so importnat to continue to have the help from our power team. It is like the old saying, the less we do the more we can make. Keep making those offers and counter offers. Keep moving forward by making every day count. Believe and Achieve! - Joe

Thanks for the kinds words! It really helps to keep pushing. My day job can be quite stressful somedays so its good to let it out and then move on...I'm not stopping at this I'm too focused and motivated to not reach my goals! We will keep moving forward and keep taking action, you inspire me too Bob so lets keep it up!

Thom

RE training was great this weekend! Get to be part of one more tonight in La Jolla.Its rewarding to help inspire and motivate others to get started so they can change their life! Mine has already changed with the small amount of deals I have been able to accomplish and I'm so grateful for everyone here! Lets all keep taking MASSIVE ACTION!!!

Able to get 2 offers in last week a little short but really focused on getting prop management companies lines up. We currently have a triplex almost remodeled, a new SFR to remodel and trying to close on a new duplex this week so that is 6 doors that I need to get rented out to create cash flow...was not planning that way but massive action can get results and so now I'm trying to catch up. Definitely on the edge of my comfort zone and will feel better when I get more tenants but the numbers work to create cash flowing assets. We have narrowed done to 2 prop management companies and will split the doors between them, planning to meet them on saturday for walk thru. Also will check in on contractors currently working on triplex and sfr remodels.

Finalized insurance last week. Must call cpa for advice today along with a couple contractor to start the sfr remodel this week. Almost done with my sos video just have one more part left which i will do on Tuesday.

Ok off to the day job...

Make it a great day!
Thom

Happy Tuesday!! today we closed on our group commercial loan!! decreasing monthly bills by 1500 a month.
I met a cash buyer he wants as much as I can find. but i will have to get busy and I have to proof him.
worked on getting offer prepared to summit tomorrow.

Missed your chat tonight but was able to go back and read over the text. Great stuff as always! Let me know when your visit to San Diego gets confirmed for the end of Feb/March, look forward to catching up!

Slower day today, just got paperwork/receipts organized. Played phone tag with cpa. Spent some good time with my boys going on safaris in the back yard! Going to bed as I feeling a bit exhausted and need to get some rest....

Sounds like you had a great weekend. It is always nice to give back and help others. I really enjoy LaJolla and it is a very nice place to visit. Good luck on the multi unit, rememeber one unit at a time. Keep moving as you make every day count! - Believe and Achieve! - Joe

Congrats on the commercial loan. That is great news. It is always good to have a cash buyer that wants more than we can find. If they are looking for any deals in Illinois or Indiana, let me know and send me an email or a pm. I am finding great rentals and buy fix and flips. Make every day count. Believe and Achieve! - Joe

Glad you liked the chat. We had a great group and had a fun gtime chatting with all on IE. I look forward to meeting up again during my next visit to San Diego. As soon as I get confirmed plans I will let you know so we can make plans to meet one night. Kepp making evry day count! Believe and Achieve! - Joe and Stacey

Thanks Joe Im working hard

I've been so caught up in this refi that I have been a little off track. At first I was a little discouraged but then I realized that real estate is what I am going to be doing the rest of my life. I need this refi right now and besides I'm distracted by real estate stuff. Plus I've managed to listen to a book and a half this week at work and will finish the second one before the week is out.

Today I am working on my buyers list. I have a lot of people that are looking for one place but not enough buyers looking for multiple properties. Need to find some landlords to add to it. Also looking into the hot areas, hopefully new buyers will help me determine what areas are looking good right now. At work I am going to finish listening to "Your Town Your Real Estate Profits"

Bob
One day at a time!

I also decided to start my own Journal to Success this morning. That way I can keep better track of my individual daily activities without having to scroll through each page on here. I still plan to post here too though!

Bob

The hard work will pay off, keep up the good work by making every day count. Believe and Achieve! - Joe

Keep building that buyer's list and contacting landlords can be a great source for future buyers. Congrats on starting your journal. Make every day count. Believe and Achieve! - Joe

Ok was able to meet the property management companies this saturday. Also looks like I have 2 of the 6 doors rented out, yes! Remodel on triplex is a couple weeks from being complete but it is looking awesome! Amazing how a dirty old house that had not been lived in for 20+ yrs can be changed into a really nice place to live! Met the handyman to finalize work and get started today(Monday). Signing docs to close on duplex this week (REO that was remodeled and rent ready). I call it a duplex but it is two separate houses 3/1 and 2/1 on the same lot, is this considerable a duplex?

Its looking like all these will be rent ready for tenants starting March 1st. SFR, duplex, tripex looking foreward to being able to share the final numbers when they are rented.

Ok gotta get to the day job.

Happy Monday! Make it a great day!
Thom

2/3 HI Joe, I am busy!!!
But not making as much progress as I'd like. Returned a few calls last week got 2 counters and 1 rejected offer last week closed one deal on Friday i made 3100.00 on the deal. Today still training my assistant.... Picked up 2 more units too!

Working to get there each and every day as Henry Ford said "each failure is another opportunity to try again a different way" for us just stay focused and keep at it,When a child falls down he or she doesnt look at the fall they are focused on walking and as we all know we stayed at it (walked) till we did it, so as with Real Estate stay at it and keep our eye on the deals and the rewards, all good things come with with work,and sticking to it and stay focused, Jim

Contacted bank to start process to refi props asap. Watched some of the livecast last night between playing with my boys. Completed and mailed in my sos video.

Planning to send out some mailers this weekend. My mom and brother arrived today so i will be enjoying some time with them the next few days.

Make every day count and keep taking action!

Thom

Every little bit counts it adds up and before you know it your closing deals left and right.

It sounds like things are still moving forward. Keep working on getting those units rented. Congrats on the the first 2 of 6 units. It is always so cool how we can transform a property from befoire and after. Lookinmg forward to hearing that update. Go make it a great day by making every day count. Believe and Achieve! - Joe

Congrats on the new deal and the two additional units. The key is leverage and the faster you get the assistant trained the more deals you can do by leveraging your time. So put into the time to train your assistants and it will pay dividends in the long run. Keep moving forward. Believe and Achieve! - Joe

You are correct that each day we just have to keep moving forward and we learn through everything we do. Each day we lkearn valubale lessons in life and in real estate that will benefit us far into the future. If we keep mvoign forward and working hard good thigns will happen. Make every day count! Believe and Achieve! - Joe

Each day we can accomplish a few things that add up and pay dividens in the future. Good luck on your SOS video. Believe and Achieve! - Joe

You are correct that a little effort goes a long way abd before we know it we can be that much closer to our next deal. Make every day count. Believe and Achieve! - Joe

I've been so busy I've forgot to post. I signed papers on my refi this morning. Although it's technically not a deal it does help me complete 4 of my goals for the year already so it's a pretty big deal! I also found out the notary is an investor and we exchanged info for the future.
Now that I am done with this process it's time to shift back to 25/1 and start getting the offers out.

Today: Driving for $$$ and listening to audio.

Tonight: Hunting properties and making new bandit signs.

Need to step it up, month one was successful but I could have done more.

Bob
Back at it!!