Offline4/1/2009
This is my first forum post here. 
As of right now, I'm working hard on getting through Dean's book, Profit from Real Estate RIGHT NOW! I've set up my 888 number, working on putting the final touches on my website, and doing some foot work on finding distressed properties in my own back yard. All this and I'm only on the 100th page of the book. *g* I've run across at least two properties within a mile on my place here in Glendale, CA. One was a bank owned house and the other was short sale. I called on both and found out the bank owned place is in escrow. (Damn, why didn't they just hang an escrow sign on the property). I'm still waiting to hear about the short sale.
I am so anxious to get some deals going. This is not just something nice to do, it's a necessity. I want financial independence. My friends know how much I hate my job because of a micro-managing, psycho boss. Having the realization that working for anyone but myself is going to be the same old crap also spurred me on, as well.
I hope to learn a lot from you guys here.
Kaaren aka Farscapeprincess
Out of curiosity, I went to see a house today. I wanted to inquire if it was a lease option and to see the condition of the house. It's only a rental at $3,850 a month! Yikes! But it's a 4 to 5 bedroom house. It has been restored by the owner. Is a craftsman home with much of the original workmanship. It has hardwood floors throughout that are in pristine condition. The kitchen is huge with new tile flooring. Lots of cabinet space and island. The kitchen is the biggest selling feature of this home. I have absolutely no idea what I would do with such a place. It's too big for me, but the agent who showed it to me said it was ideal for several people who wanted to pool their finances to rent this house. I did inquire as to whether the owner was interested in selling. He said no she didn't want to sell it. This owner has apparently poured a lot of $$$$ to restore this house as I've had my eye on it for about a year and saw that it was being renovated.
I'm almost complete with the Profit From Real Estate Right now. It's really coming together for me, although there are a few areas that I'm a little confused on one or two things. I'm now on Chapter 9. Driving a Flood of Motivated Buyers to You.
I'm checking out some potential deals in the Penny Saver and Craig's List. I found one where the seller is "motivated". A very good key word.
Kaaren
Sounds good.
Did you record the "Stop Foreclosure Information Line" script to your 888 number? (It's on page 77 in Dean's new book.) If so how many minutes did it take you? I'm about to read it and time it as soon as I finish writing this.
Or did you record a different message?
Yes, I did record it and I think it's running about 7 min. The first time I recorded the message, it was about 9 min. I think I shaved off a couple of minutes by speaking a little faster. LOL
Kaaren
Great.
Have you put up any flyers or signs to promote it? If so have you gotten any response?
Did you hear the Greg Murphy call with Dean? He has had great success with flyers doing lease options. I think it is fantastic! One of the best DG calls I've heard, but I haven't heard them all.
Did you get voice mail service from the company Dean mentions in his book (coaphonesolution.com)? I'm just curious. I'm about to get an 888 or maybe just a local number to record my foreclosure script.
The phone needs to ring.
I hope it all works out for you. (and me too)
I'm going to put some out these weekend at the local grocery store in my neighborhood. I'm also going to go by a property which is a rental that I saw the other day, but didn't have time to stop. Somebody who wrote a success story in the book had a great success calling on a house that was for lease and finding out that the owner wanted to sell, if possible. So I'm going to get the # that was on the sign and call.
Kaaren
Yep. I've made the decision that I'm going to do this full-time. What led to this decision is not only because I hate my dead end, unfulfilling job which is also a hinderance to my success in real estate or any other business that I've tried to do in the last year. I don't know how you guys do this and make a success of it when you trying to sandwich it in during your spare time after your 9-5 job and don't get me started with being a mom to some kids. I only have one that needs attention in the evening. So my time is realllly condensed down to a little window. By the time all is said and done in the evening, the evening has flown by and it's time for bed in order to be able to go back to the office job the next day. Aaargh! So while I have accomplished some tasks, I'm not really able to get going on this because a) I need the mentoring and b) how am I going to make phone calls and do all the other necessities that will come up sitting at a desk in an office, especially when my desk is right outside the ogre's office. LOL
On more than one occasion, I've heard that the definition of insanity is doing the same thing over and over again expecting a different result. Well, that's what I've been doing it seems. I never get ahead. I never get anywhere. But I've got to break the cycle and the only way to do that is to do real estate full-time. I only wish I found Dean's approach to r.e. investing last year. Who knows where I'd be today, but as they say better late than never.
It has been awhile since I posted an update to my journal. I've been going through some rather stressful times lately financially and personally. But I'm going to change all that.
Last night after feeling rather depressed and feeling sorry for myself, I decided to come to the site and listen to the last teleseminar in June. That was best decision that I've made because the topic was so relevant to my situation right now -- finding a start point and what my goals are whether it be cash in my hand or a monthly inoome. What I needed most was where to start and discovering (even though I've read Dean's books) was building my "Buyers List" and from there it all falls into place because you have your buyer when you find the property(ies) that they are looking to buy. I think what had been holding me back is not knowing what to do if I go to someone looking to sell their property and locking it up on contract, but not having a buyer on my end who wants to buy it. Plus not knowing the information to ask these people/investors in regard to what they are looking to buy, i.e. size, amount of equity, type of property, etc.
So armed with that bit of basic knowledge from the seminar, I went to newslink.org and went to one of my local papers and called on an ad that was posted by an investor located in Omaha, NE. The moment I asked what types of properties he is looking to buy and where, he asked if I was looking to "bird dog" LOL. So I said yes, I am. So I asked what type of properties and basically he's looking at commercial, residential or just about anything here in CA or Arizona.
I'm just so excited about this that I had to write an entry into my journal here on the site. One more thing in that telephone that hit is DESPARATION being a huge motivator to take action. So send me good vibes to finding some properties for this buyer this week.