I found an investor that owns 3 boarded up properties on the same street. Lots of bushes and trees overgrown. Since the houses on that street have that many vacant homes, i don't know if it's a good deal. Someone would have to buy all 3 and fix them up. They can be good rentals. It's near downtown Atlanta. Im looking for investors who might be interested.
Maybe bandit signs is the way to go to advertise those properties once you get them under contract. Best wishes. I see you have a realtors liscence, so you will catch on fast!
I made 5 offers today. They were low....and i was embarrassed..but that's what the numbers are showing. It would be nice if someone come and fix all these properties up because it would make the area much nicer. We'll see how it goes. Its a bit hard finding the ARV because there wasn't many recent comps near by.
It is you... doing what you are doing, that will make that area a nicer place to live. They need investors to come in, fix the properties and make nice homes for families that are ready to rent or own. They just don't want to rent or own a crummy house. Build it - and they will come!
Stay focused. You are already doing what most people don't do... you started and took action. Great job!
Hello, I am new to all this and just wondering if there is anyone that would like to help me get going. I have read several of Dean's books and watched the live broadcast last night, went to a live conference that Ryan Oliver was one of the main speaker. I can not wait to get started! If anyone can help please let me know.
Thanks,
Grammy
Hi, I'm still new too. I haven't done my 1st deal yet. But if you have a specific question, don't hesitate to ask. I'll answer what I can but like you I am still learning. Good luck to you!
Ok, so my low offers came back. The guy called me and asked me if I was joking (him giggling on the background). I said nope lol. Needless to say, he turn down the offers. I felt kinda bad that they were low but the numbers don't lie.
My wife and I have members of the DG family since March 2013. Have not gotten our 1st deal yet. We were close in May. Got 5 properties under contract 4 owned by the same person. We had an out of state buyer for 4 of them. The buyer wanted to negotiate the price. Our offers were 33-36% below the asking price. We had to walk away from them to avoid taking a loss. We were comfortable with our offers, you won't know how low is too low until you make an offer. We had to step away from real estate investing for awhile. Our daughter's wedding in June, my health was not up to par for a few months, then a death in the family resulted in moving my wife's sister in with us. Most of our time has been spent getting her soc. sec. checks sent here, medicaid, etc etc. Plus we both still have jobs to get to at least for the present time. I'm calling realtors today looking for an agent(s) to work with.
Good luck.
What do you say to real estate agents when they ask if you have seen the properties after they got your offers? For some reason that bothers me. I would tell them no I haven't and they suggest that I view the properties 1st. One guy asked me why would I put in offers if I haven't view the property yet.
Seems like your doing both... pay attention to the book and remember deans teachings. I myself am a wholesaler in North Carolina and have buyers all over...
SW Florida
Raleigh/Durham North Carolina
Have connections to all over NC and SC
Southern California
and working on more now.
Keep it up and dont get burned out...
Also do note that not all will have there first deal in 30 days... most will but some wont... I for one didnt... ive been at this for nearly 2 years and still havent for i had issues to take care of... Ill see ya on the other side!
__________________
"JACK OF ALL TRADES, MASTER OF NONE!"
Learning to Do, Doing to Learn, Earning to Live, Living to Serve. FFA MOTTO
Thanks for the encouragement. It's been longer than 2 years for me but I'll keep trying. My problem was that I got discouraged after a few tries of making offers or putting out bandit signs or calling ads. Then I'd get away from it for a while and come back to it. Did the same thing and got discourage again. This time, I know I just gotta keep going even when I don't "feel" like putting offers or putting out flyers etc. I put in 4 offers today. 1 got rejected. It's kinda suck when it takes me 20 mins to write up an offer and it gets rejected after 10mins of submitting it. I need to get faster at writing up offers. Thanks for commenting and let's do our best!
I see you have been a member about as long as me. I've done the same thing. Get fired up and quit for a while. Went to Edge 2013 and met so many encouraging, successful, and nice people. Even bought a box of 50 signs and stands. Like I wrote in response to Dean's WW today, the only thing in our way is ourselves at the end of the day. You already have the courage part down and are doing it, more than I have done and I applaud you for it. Remember to ask yourself what an accepted offer is worth to you. Even twenty minutes per offer over 25 for 1 is about $200 per hour if you walk away with say 5k. Not a bad paycheck! Keep pushing forward, because then you never quit!
All the best.
Tim.
Let the numbers speak for you and pay attention to seller motivation.
If a seller is not motivated then they have no sense of urgency and will go back and forth. Taking up your valuable time.
If questioned by a seller give an honest answer....well there are several reasons why I place that offer and I would love to speak to you about it. But before I continue may I ask you two questions?
1) what is your reason for selling? Then hear them out. Listen for trigger words
2) well based on comps in your area houses go for and also due to the fact
I have not personally inspected your property to see the condition it is in.... Brought me to make this offer I would love to give your home a fair assessment.
Later on as a negotiation tactic mention fore closures and average length of time it takes to sell a home. Be simpathetic to the home owner.
Now I will say this if they are not motivated do not spend more energy then necessary
-------------------------------
original Post
What do you say to real estate agents
What do you say to real estate agents when they ask if you have seen the properties after they got your offers? For some reason that bothers me. I would tell them no I haven't and they suggest that I view the properties 1st. One guy asked me why would I put in offers if I haven't view the property yet.
My goal today: Putting in 10 offers today.
__________________
Watch your thoughts, for they become words.
Watch your words, for they become actions.
Watch your actions, for they become habits.
Watch your habits, for they become character.
Watch your character, for it becomes your destiny.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Our Heart's Desire must be nurtured by our mind,to give birth to common sense, that will enable us to seek out the path less traveled, with the greatest Personal Growth. -J.R.-
Also Matt has a great script already made on negotiation that is better suited I mentioned the above so that emotions are not factored in as you begin to explain and lastly your an investor/buyer your purpose is to make some money,
------
I will say this I am clearing up some minor issues before I begin (incorporating into an LLC, getting an EIN, and IRS filing then I am off)
Hope everyone here gets to complete a great deal ..... Keep me posted !
__________________
Watch your thoughts, for they become words.
Watch your words, for they become actions.
Watch your actions, for they become habits.
Watch your habits, for they become character.
Watch your character, for it becomes your destiny.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Our Heart's Desire must be nurtured by our mind,to give birth to common sense, that will enable us to seek out the path less traveled, with the greatest Personal Growth. -J.R.-
I need to find buyers for these turnkey properties. If anyone have buyers who are interested. Please contact me.
Property 1: Epworth St.,Atlanta, Ga. 30310 (duplex)
4 bedrooms, 2 baths 959 SQFT
built in 1930
rented for $1,100
annual rent of $13,200 with a cap rate of 23.10%
Property 2: Thompson Dr.,Atlanta, Ga. 30331 (duplex)
4 bedrooms 1 bath,
906 SQFT,
built in 1940,
rent of $750,
annual rent of $9,000 with a CAP rate of 15.75%
Property 3: McWilliams Rd.,Atlanta, Ga. 30315
4 bedrooms 1 bath,
975 SQFT,
built in 1950,
rent of $750,
annual rent of $9,000 with a CAP rate of 15.75%
Do not forget to re-read profit from real estate in 30 days
__________________
Watch your thoughts, for they become words.
Watch your words, for they become actions.
Watch your actions, for they become habits.
Watch your habits, for they become character.
Watch your character, for it becomes your destiny.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Our Heart's Desire must be nurtured by our mind,to give birth to common sense, that will enable us to seek out the path less traveled, with the greatest Personal Growth. -J.R.-
Watch your thoughts, for they become words.
Watch your words, for they become actions.
Watch your actions, for they become habits.
Watch your habits, for they become character.
Watch your character, for it becomes your destiny.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Our Heart's Desire must be nurtured by our mind,to give birth to common sense, that will enable us to seek out the path less traveled, with the greatest Personal Growth. -J.R.-
Offline
I found an investor that owns 3 boarded up properties on the same street. Lots of bushes and trees overgrown. Since the houses on that street have that many vacant homes, i don't know if it's a good deal. Someone would have to buy all 3 and fix them up. They can be good rentals. It's near downtown Atlanta. Im looking for investors who might be interested.
Maybe bandit signs is the way to go to advertise those properties once you get them under contract. Best wishes. I see you have a realtors liscence, so you will catch on fast!
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
I made 5 offers today. They were low....and i was embarrassed..but that's what the numbers are showing. It would be nice if someone come and fix all these properties up because it would make the area much nicer. We'll see how it goes. Its a bit hard finding the ARV because there wasn't many recent comps near by.
It is you... doing what you are doing, that will make that area a nicer place to live. They need investors to come in, fix the properties and make nice homes for families that are ready to rent or own. They just don't want to rent or own a crummy house. Build it - and they will come!
Stay focused. You are already doing what most people don't do... you started and took action. Great job!
Hello, I am new to all this and just wondering if there is anyone that would like to help me get going. I have read several of Dean's books and watched the live broadcast last night, went to a live conference that Ryan Oliver was one of the main speaker. I can not wait to get started! If anyone can help please let me know.
Thanks,
Grammy
GRAMMY
Thanks for your encouragement! The hardest part is starting and then keep going right.
Hi, I'm still new too. I haven't done my 1st deal yet. But if you have a specific question, don't hesitate to ask. I'll answer what I can but like you I am still learning. Good luck to you!
Ok, so my low offers came back. The guy called me and asked me if I was joking (him giggling on the background). I said nope lol. Needless to say, he turn down the offers. I felt kinda bad that they were low but the numbers don't lie.
Ok on to the next one!
Hi Melissa,
My wife and I have members of the DG family since March 2013. Have not gotten our 1st deal yet. We were close in May. Got 5 properties under contract 4 owned by the same person. We had an out of state buyer for 4 of them. The buyer wanted to negotiate the price. Our offers were 33-36% below the asking price. We had to walk away from them to avoid taking a loss. We were comfortable with our offers, you won't know how low is too low until you make an offer. We had to step away from real estate investing for awhile. Our daughter's wedding in June, my health was not up to par for a few months, then a death in the family resulted in moving my wife's sister in with us. Most of our time has been spent getting her soc. sec. checks sent here, medicaid, etc etc. Plus we both still have jobs to get to at least for the present time. I'm calling realtors today looking for an agent(s) to work with.
Good luck.
Congratulation on your daughter's wedding and I hope you are doing well. Were you able to find realtors to work with?
What do you say to real estate agents when they ask if you have seen the properties after they got your offers? For some reason that bothers me. I would tell them no I haven't and they suggest that I view the properties 1st. One guy asked me why would I put in offers if I haven't view the property yet.
My goal today: Putting in 10 offers today.
ACTION + KNOWLEDGE = SUCCESS...
Seems like your doing both... pay attention to the book and remember deans teachings. I myself am a wholesaler in North Carolina and have buyers all over...
SW Florida
Raleigh/Durham North Carolina
Have connections to all over NC and SC
Southern California
and working on more now.
Keep it up and dont get burned out...
Also do note that not all will have there first deal in 30 days... most will but some wont... I for one didnt... ive been at this for nearly 2 years and still havent for i had issues to take care of... Ill see ya on the other side!
"JACK OF ALL TRADES, MASTER OF NONE!"
Learning to Do, Doing to Learn, Earning to Live, Living to Serve. FFA MOTTO
Ben Franklin's Autobiography free audiobook download-
https://librivox.org/the-autobigraphy-of-benjamin-franklin-ed-by-frank-w...
Thanks for the encouragement. It's been longer than 2 years for me but I'll keep trying. My problem was that I got discouraged after a few tries of making offers or putting out bandit signs or calling ads. Then I'd get away from it for a while and come back to it. Did the same thing and got discourage again. This time, I know I just gotta keep going even when I don't "feel" like putting offers or putting out flyers etc. I put in 4 offers today. 1 got rejected. It's kinda suck when it takes me 20 mins to write up an offer and it gets rejected after 10mins of submitting it. I need to get faster at writing up offers. Thanks for commenting and let's do our best!
Hi Melissa:
I see you have been a member about as long as me. I've done the same thing. Get fired up and quit for a while. Went to Edge 2013 and met so many encouraging, successful, and nice people. Even bought a box of 50 signs and stands. Like I wrote in response to Dean's WW today, the only thing in our way is ourselves at the end of the day. You already have the courage part down and are doing it, more than I have done and I applaud you for it. Remember to ask yourself what an accepted offer is worth to you. Even twenty minutes per offer over 25 for 1 is about $200 per hour if you walk away with say 5k. Not a bad paycheck! Keep pushing forward, because then you never quit!
All the best.
Tim.
re:MelGa
Let the numbers speak for you and pay attention to seller motivation.
If a seller is not motivated then they have no sense of urgency and will go back and forth. Taking up your valuable time.
If questioned by a seller give an honest answer....well there are several reasons why I place that offer and I would love to speak to you about it. But before I continue may I ask you two questions?
1) what is your reason for selling? Then hear them out. Listen for trigger words
2) well based on comps in your area houses go for and also due to the fact
I have not personally inspected your property to see the condition it is in.... Brought me to make this offer I would love to give your home a fair assessment.
Later on as a negotiation tactic mention fore closures and average length of time it takes to sell a home. Be simpathetic to the home owner.
Now I will say this if they are not motivated do not spend more energy then necessary
-------------------------------
original Post
What do you say to real estate agents
What do you say to real estate agents when they ask if you have seen the properties after they got your offers? For some reason that bothers me. I would tell them no I haven't and they suggest that I view the properties 1st. One guy asked me why would I put in offers if I haven't view the property yet.
My goal today: Putting in 10 offers today.
Watch your thoughts, for they become words.
Watch your words, for they become actions.
Watch your actions, for they become habits.
Watch your habits, for they become character.
Watch your character, for it becomes your destiny.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Our Heart's Desire must be nurtured by our mind,to give birth to common sense, that will enable us to seek out the path less traveled, with the greatest Personal Growth. -J.R.-
Also Matt has a great script already made on negotiation that is better suited I mentioned the above so that emotions are not factored in as you begin to explain and lastly your an investor/buyer your purpose is to make some money,
------
I will say this I am clearing up some minor issues before I begin (incorporating into an LLC, getting an EIN, and IRS filing then I am off)
Hope everyone here gets to complete a great deal ..... Keep me posted !
Watch your thoughts, for they become words.
Watch your words, for they become actions.
Watch your actions, for they become habits.
Watch your habits, for they become character.
Watch your character, for it becomes your destiny.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Our Heart's Desire must be nurtured by our mind,to give birth to common sense, that will enable us to seek out the path less traveled, with the greatest Personal Growth. -J.R.-
I need to find buyers for these turnkey properties. If anyone have buyers who are interested. Please contact me.
Property 1: Epworth St.,Atlanta, Ga. 30310 (duplex)
4 bedrooms, 2 baths 959 SQFT
built in 1930
rented for $1,100
annual rent of $13,200 with a cap rate of 23.10%
Property 2: Thompson Dr.,Atlanta, Ga. 30331 (duplex)
4 bedrooms 1 bath,
906 SQFT,
built in 1940,
rent of $750,
annual rent of $9,000 with a CAP rate of 15.75%
Property 3: McWilliams Rd.,Atlanta, Ga. 30315
4 bedrooms 1 bath,
975 SQFT,
built in 1950,
rent of $750,
annual rent of $9,000 with a CAP rate of 15.75%
The above properties in Atlanta are $38,750 each.
Way to go!
Do not forget to re-read profit from real estate in 30 days
Watch your thoughts, for they become words.
Watch your words, for they become actions.
Watch your actions, for they become habits.
Watch your habits, for they become character.
Watch your character, for it becomes your destiny.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Our Heart's Desire must be nurtured by our mind,to give birth to common sense, that will enable us to seek out the path less traveled, with the greatest Personal Growth. -J.R.-
Thanks for the reminder Joel! How are things going for you?
Busy busy busy
Look at my journal to see why....
And thanks for asking
Watch your thoughts, for they become words.
Watch your words, for they become actions.
Watch your actions, for they become habits.
Watch your habits, for they become character.
Watch your character, for it becomes your destiny.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Our Heart's Desire must be nurtured by our mind,to give birth to common sense, that will enable us to seek out the path less traveled, with the greatest Personal Growth. -J.R.-