Joel's Real Estate Journal

Hi Joel
I see your in the area, definately make it to a RE club meeting if possible, you can make lots of connections. Im in Queens but have attended a few meetings even one in NJ which i thought was the best because they really try to help you get going and if you have a deal they let you advertise it at the meeting. But there is a fee you pay for the yr.
good luck and NEVER give up!
Richie

Best wishes!

Thanks Richie I was looking at NJ mostly just the counties across the river how has it been going for you.....

And thank you for those kind words

Thank you Tammy

With the new Dean Website format I see that you are consistently the top person to comment on forum here. To me that means you have staying power, in addition to what you add here. And now you have stepped it up even higher with this journal. I look forward to seeing these as often as you can make them happen since I enjoy your contributions. Thanks for all of it.

Be your very best always-Judy Williamson

What you focus on is where your energy goes-Kristin

With gratitude,
Patrick

Thank you so much for those kind words, I plan to update my journal once a week.....
Accountability is what we all seek, and a little guidance, that is why I comment and have become so active, learning is great, but participation goes a long way,in my opinion, not only that but I retain more when I challenge my perception of a theory....

Thank you Patrick or Judy or kristin?

I just read your journal.

Which part of New Jersey are you in?
I am in Northern New Jersey. Not sure how long you have been associated with RE and the exit strategies you use for the business.

Bimal

Hi Bimal

I was looking at the section around jersey city, New Jersey area

I have known about Dean since 2008, but recently will start implementing his strategies now. I previously was NY Realtor

Around Jersey city , people generally buy and hold.
So are you looking to wholesale, buy,fix and flip or Buy and hold.

So out of the three not sure which exit strategies you are planning to embrace.

Are you a member of any REI club in you area.

Just curious to know how you are trying get involved in RE?

Bimal

Bimal great questions !

Here are the answers

Out if the three exit strategies the one I choose is the one my end buyer wants and what the market is calling for...... Me personally I will wholesale as I need to build my bank for my business

I joined as a guest one REI club here in New York City I am not limiting myself just to one or one particular market

And thank you for that insight into jersey city that is one of a few I am looking into

And remember Bimal we as investors go where the buyers are until we established our business and business brand

6/12/14

Thursday June 12 - Small Business Expo

Oh boy ! This was a grounding effect for me.
I stumbled,was doubtful and felt out of place seeing all these business vendors.
But I continued forward to see the different booths of small businesses in my
Local area. I saw the following;

-small business administration booth

-tax professionals ready & willing to answer questions for my small business needs.

- Attorneys ( of various practice of the law)

-ADT

-Security camera installers for businesses

-software makers that can create an App (Application) to help foster and /or grow my business capabilities this includes websites, Chat apps (which I would love if DG has Mobile App like Facebook does ) it literally is drag and drop to create such a platform

6/13/14

Friday June 13- I took two days off ( I am not superman I can not just go from from to my business activities with out sleep, but nonetheless)

Sleep you are my dear friend!

6/14/14

Saturday June 14- surprise trip to Atlantic City, New Jersey !

My friend originally said we were going to the beach, but we switched plans and headed towards Atlantic City instead. Um Wow do I now more then ever believe in Think and Grow Rich book more then ever! Here just Wednesday night I spoke to a co-worker about wanting to travel and get out of this city and low and behold today I am here

The boardwalk, the beach and atmosphere was beautiful I encourage all to go

6/9/14

Monday June 9 - Picked up my Business phone today, Ya !

6/10/14

Tuesday June 10- sent some property pictures that may be of interest, found out these properties are set to be demolished and a new construction in its place. (Funny how neighbors can tell you a lot, people are always watching)

6/11/14

Wednesday June 11- went to a REI Club meeting today, found more whole sailors then potential buyers.

However it was very good in the sense, I need to keep working on my elevator pitch. At least I was confident, clear and inquisitive of others. I did not shy away to ask questions / retain business cards.

The presenters in the club promoted other markets mostly, however one promoter boost about " Learn to invest in apartment in 2014" with emphasis on Multi family.
I am ever more great full I found Dean before someone tried to up sell a fraction of the information Dean gives us for so little. And that is just coming from his books !

However i am still open , but I will save this for later and speak to a person from this program to see if they walk a person through the actual paperwork. Because I like to get to the meat (steak mmmmmm Homer Simpson moment) potatoes of a deal.
And. Compare and contrast their method with Deans.....

Spoke to a co-worker about traveling, she mentioned Atlantic City New Jersey
Even told me how to get there.

This co-worker and I signed a change of shift where I get Saturdays off and I work for her Sunday afternoon ( this is why I work 16 straight hours from Sunday afternoon to Monday morning then I am off for two days hooray!) and she gets three (3) days straight off back to back talk about win-win ! Now we have been doing this for more then 3 months signing forms for 10 weeks at a time.

Great news we now got the job to allow us to sign for a season at a time 0_0

Whoops sorry about the mix up everubody

6/15/14

Sunday June 15- started my double today however a second co-worker approached me about changing shifts next week

He works for me tonight my Sunday into Monday I work for him Thursday giving me. Three days off back to back yippee !

Saw Dean's weekly wisdom video.... love it I call it DG TV.

Re-writing my notes regarding my past days activities (or should I say in-activities I am slacking ! This is not my nature.... )
"Where is my schedule?" "Where are my reminders?" Jen Gray covered this so one can stay focused and goal orientated

Busy Vs Productive.... I have to re strategize

Glad Dean also covered about staying engaged, determined in accomplishing my first deal, sparking that passion once more

6/16/14

Monday June 16- County courthouse here in New York City.

I got a Luke warm response two bites from potential buyers, I would say one buyer at best after talking to him found out he wholesales and is interested only in New York City Area mmm I have to ponder this

Today is clean up day, some house hold chores I will not bore you with

I got a call from a supervisor at work about an extra shift for tonight I took it ( do I ever rest ? But as it says in Think and Grow Rich when you have a burning desire nature will manifest ways to accomplish it and manifest the money you need to help you along the way)

6/17/14

Tuesday June 17

Today I publish my journal entries sorry I am a bit behind but I will post tomorrow's activities so I am in alignment with my weekly entries

Today I go back on DG and respond ( sorry it took me a while everyone)

And I am several chapters behind in think and grow rich so that is on my agenda today as top priority

Thank you all for being a part of my entries and journeys in Real Estate

I have just discovered your journal. Good work.

Karen

Thank you Karen

When we were growing up we were looking for answers so we asked questions and kept searching to get right answers.Networking is a wonderful way to get that.We never sit still if we want to grow and learn.The Eagles spread there wings to fly and do they ever fly and high, much success, Jim

Thank you Jim

I will remember that and I am fond of the eagle too

6/18/14

Wednesday June 18th- heading to work it is Wednesday night heading into Thursday morning overnights are not easy.

6/19/14

Thursday June 19- so I got out of work this morning to come back this afternoon, double ahead of me ( oh the joys of 16 hours)

6/20/14

Friday June 20- finally I get some rest ! Went to my real estate school about taking the fair housing class, since I plan to renew my real estate license. Surprise ! Free class oooooh yes!

6/21/14

Saturday June 21- apparently I do not ever leave my work. Staying an extra shift. Reviewing my financial situation woooow how did I amass $1600 in credit card debit, ah yes I incorporated amongst other charges.

6/22/14

Sunday June 22- at work yet again, planning and confirming my vacation arrangements for next month. Reading B.A.R.M. I have to make a journal entry with the national /local factors mentioned. So I can have it as a go to point.

6/23/14

Monday June 23- so I will be taking it easy as I have exhausted my body at this point and I will relax since health is important and no price is worth my health and well being.

6/25/14

Wednesday June 25- I went to my fair housing class wow it's interesting how these laws came to be, the teacher was very informative and yet still kept to the curriculum. Must make note to tax a class on 1031 IRS tax exchange code, smartphone app class and landlord-tenant law in next months class schedule. Well continuing my rest until vacation.

7/3/14

Thursday July 3- 2nd month as an Insider Elite member woohoo I am so proud of myself, for not only investing in myself, but the gems of wisdom Dean has created there.

7/4/14

Friday July 4- happy Fourth of July to All. I just took it easy slept in, and just trying to re-organize and re-focus.

July 5,2014. - July 8,2014. = not much activity these days

7/8/14

Tuesday July 8-

vacation a week from now, Florida here I come!

When I return my checklist is:

1) Contact web support to create my website.

2) reschedule my tax consultation

3) create a form for my buyers /sellers

4) pick up from where I left off with Think and Grow Rich book

5) go and attend an REI club here in my city, the nearest one in
Jersey City,NJ and whichever county Bloomfield, New Jersey is in.

Think and Grow Rich! Great book! Best wishes!

Did you love it?

I also have the alchemist......

In case anyone was wondering how I am.... I will update later today..... by the way 3rd month as an Insider Elite Member

Since my Vacation

I have been in relax mode which is not the best when one must be proactive then reacting when engaging in Real Estate Investing.

Here is what I have done so far:

I have called my lawyers to clarify what I will need to do In order to conduct business in a different state since I have my LLC up and running.....

So far I created my LLC, received my EIN, attending REI meeting (which I need to schedule more)
I have the partial template for my website for sellers I have to figure out what to ask buyers (should listen to the conference calls) any pointers from any source Dean has made available ? Attending a business expo really opened my eyes.
I stopped by the county clerks office to figure out publication.

I have to order bandit signs, a different marketing technique I have in mind to make sure ppl don't forget me or toss my business cards and ......

Being my 3rd month in Insider Elite is awesome I have more resources available I was watching inner circle at fire sky hotel I believe that's how it is labeled and wow going back to I.E. For more learning......

Creating my LLC was about $750

one of the two publication is $740 (this is one of two publications needed to compile with the law as you need to publish in two newspapers will acquire the second newspaper today to budget final cost)

Will inquire about the remaining two IRS Forms out of three I had in mind to file

Joel,
As far as the momentum is maintained it is OK to take a break once in a while.
Your action so far tells thou are serious about this business and on your way to take to the next level.

Bimal

That's awesome you are on a roll that's good. Yea IE is incredible I know what you mean I have watched that firesky educ too & it is off the hook! I have learned sooo much from the educ on there, were blessed to be able to afford it I know.

I recommend all to get it, to do what they must because it does give you confidence after you have the educ huh. I also got the matt training coming up, did you?

Tony, I did not get Matt's new training..... But I am pretty sure that all in its due time, it took me two years to get serious once I bought Dean's Be a real estate millionaire, now I see the value I missed out on and i have a lot in the midst I must deal with....... But I am moving forward like we all our...... I take risks and invest like everyone here I am just extremely paced and conservative......

[q uote=CaliTony]That's awesome you are on a roll that's good. Yea IE is incredible I know what you mean I have watched that firesky educ too & it is off the hook! I have learned sooo much from the educ on there, were blessed to be able to afford it I know.

I recommend all to get it, to do what they must because it does give you confidence after you have the educ huh. I also got the matt training coming up, did you?[/quote]

Bimal ......

Thank you so much and I know what you mean I am trying to maintain it, although after my vacation it is hard to get back to the hours I work at work and my extreme focus I do place on my RE Investing......

So here is a momentum boost If i ever need an extra one.....

yesterday, August 13 (Wednesday) i called out from my night Job for the second time....

(i was exhausted from going to a REI club in a different county outside NYC) from Tuesday night. my body physically felt exhausted... oh well that showed me more then me being physically tired, one of the supervisors tried to get me in trouble, even though i followed procedure for calling out.... its a kick me start to let me know at any moment even what we have as a "sure thing" can be one step away from being taken away... why did i vent about this? because life doesn't allow for sure things even if we are responsible.

Wednesday i missed a REI club meeting in the city very upset with that but my body needs the rest so small sacrifice

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but here is the good news,

on TUESDAY'S REI CLUB MEETING outside my general area i bumped into a lawyer, and a potential buyer interested in a 3/2 in a certain with the desire to make 10% percent from the deal..... now to find real estate agents i will do that tomorrow.....
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quick update...

i feel so close to making it happen that i can feel the closing date near, currently still finishing up my publication requirements and then all paper work should be clear

will update again soon