jbtoggs journal

Jay,

I don't know how I didn't recall Greg as Greg Clement. I have already subscribed to his new program, but it appears that is incorporated into the new SFL program that Dean has prepared for us. I really enjoyed visiting with you at the Edge. Thank you for encouraging me.

thanks for stopping by my journal.havent been writing in awhile ,been remodeling a duplex that i have and let me tell you i am glad to be almost done !! i also enjoyed talking to you at the edge!! what an event huh ? !!!! extremely breathtaking to meet and sit and talk to dean,his staff and all the successful students he has mentored !!
will be back on here more now and look forward to chatting with ya
jay

well i thought i was done the remodel job but decided to do the other side too.put in new ext doors and ordered all new windows.built a deck and put in new garage doors.this place is 100% different and i will reap the rewards of higher rents and better tennants.the existing tennants now are thrilled to death with the new look and feel.
another deal is completed as the sfh on the river is finally sold on a sandwich lease option.i bought on lease option for 1000 down 300 per mnth and sold for 5000 down and 600 per mnth !!!! i now have 1200 per mnth coming in in passive income !!!!!!!!!!! man am i excited to start making offers again to gain another deal.it has been awhile since i have really been into it as i have been swinging the hammer at night trying to get this duplex done.

on another note i have started another line of credit with a local bank and opened a line of credit under the duplex.i will use this line strictly to make $$$$ to pay down any and all debt i have to be debt free !!!! will write more later.
jay

well i thought i was done the remodel job but decided to do the other side too.put in new ext doors and ordered all new windows.built a deck and put in new garage doors.this place is 100% different and i will reap the rewards of higher rents and better tennants.the existing tennants now are thrilled to death with the new look and feel.
another deal is completed as the sfh on the river is finally sold on a sandwich lease option.i bought on lease option for 1000 down 300 per mnth and sold for 5000 down and 600 per mnth !!!! i now have 1200 per mnth coming in in passive income !!!!!!!!!!! man am i excited to start making offers again to gain another deal.it has been awhile since i have really been into it as i have been swinging the hammer at night trying to get this duplex done.

on another note i have started another line of credit with a local bank and opened a line of credit under the duplex.i will use this line strictly to make $$$$ to pay down any and all debt i have to be debt free !!!! will write more later.
jay

Awesome Job!! Very excited for you. Do you have both sides rented already?
As far as the line of credit, is this business credit, or personal? Am interested in hearing all about it.

Anything come from the list?

Cathyb

Awsome going Jay!! I knew you had to be up to something big since I havent seen you posting
I am really excited for you and I also have the same question as Cathy, did you use business credit or was it personal credit. Just curious since i did get a D&B number.
Talk to ya soon and tell the wiffe I said hello.
Richie

cathy:i am not happy to say that i have not yet contacted anyone on the list as of yet.I have been totally swamped with wrapping up the last 2 deals and getting the line set with the duplex.how bout you?? any luck with it and did u send out any letters?.i am interested to know if it is accurate?
as for the duplex,yes both sides rented ...actually raised the rent on one side 75 more so now this cash flows 400 after all expenses EXCITED.
the line of credit is personal and i have used it for short term funding.
hope you are doing well cathy.i need to catch up on journals,including yours!!!!!

richie:hey pal sorry i havent talked to ya in awhile.need to get caught up on your journal also.will be back on more now that i have gotten semi caught up.
yes using opm to make cash is so awesome !! esp the banks money.the line is a duplex line of credit.i used my heloc from my home to buy it then owned it frr and clear then got a line of credit on it for 43000.now i am only using it to pay off all my debt.any profit i make on anything i use it for will ONLY go to pay off debt.a deal i made with my wife.and the benefits will be rewarding !! will be in touch !! i almost had to go down there to work 2 weeks ago for the storm that brushed you!! i was on call all long weekend
[labor day} but it went out to sea!! i wasready to stop and see u !!!
jay

got the sfl system and still going over the classroom training.what an awesome system.i wish i had 5 days to study it all day long.will patiently learn it all one week at a time. there is such a massive amount of knowledge dean shares.congratulations to everyone who does not let obstacles stand in the way of your goals !!!!!!!
jay

You are rocking and rolling as usual Jay and hearing it from you is like a breath of fresh air. You got the passive income the line of credit and ready to make more offers. It sounds good to me and I know it feels even better to you. Keep up the good work because when I come up-state I will need someone to show me around. lol

Regards,
Shane

great to hear from you pal,yesssssss come on up here and i will def show u around. alot of deals here just have to take a few days off from work to get rolling again.teaching and working with my son lately to have him get his first deal !!! what an exciting journey.he is 21 and wants to learn rei too.we just looked at a duplex and a couple properties together and it is so cool to hear him talk to the realtor and be learning beside me !! i will catch up on your journal shane and chime in this weekend k ?
jay

my boy and i went two days ago to work his first deal.he called on a duplex that a realtor had listed and we went to look at it .they have it listed at 45000 and the income is 405 on one side and 450 on the other.we went early to do a drive by so i could show and tell him what to look for such as the condition of the roof,siding,windows,doors,decks,chimney and so on.this is the first property he will make an offer on and it is exciting to see and hear him negotiate and learn what to do and what not to do !!! his name is justin and he is starting to learn more and more each week .he is only 21 and i am proud of him to be learning deans strategies at such an early age.i wish i had found deans books and success academy at that age!! I am sure as he learns more we will be investing together in the near future !! he is coming to the edge event 2011 with me and i cant wait for him to experience the amount of knowledge and awesome networking capabilities that exist at this event!! have a great weekend everyone
jay

Jay that is awsome!! imagine knowing this at 21. I would have been retired a long time by now lol. Great to hear he is interested and with your guidance he will be a success in no time and living the way he wants, deciding what he wants to do on any given day. Totally unbelievable.
Wish him luck for me, you guys SHOULD be proud.

Richie
p.s. I thought you would be on your way here by now, we had a Tornado touch down in a few areas and I never seen anything like it with all the masive trees down and cars and homes crushed.

how exciting to have your son involved. nothing like passing it on to the next generation and being able to help him get started!

richie: thanks i will tell justin u said hello !! and yes we r proud of him.IT is awesome to watch him develop into a negotiator.i am sure he will retire younger than me.he is working on his first deal.
we would only go down to long island as our president of company used to be the ceo of long island power and he is always willing to lend a hand to long island !! i heard ny city got nailed.if i get called there you will be the first to know so we can get together and talk rei.maybe we can round up shane too !! glad everything is rocking and rolling for u....u deserve it !!
jay

linda:yes its so cool to see my son implement what he has learned so far.i didnt realize he picked up so much until he started explaining to me the details of how he is working his first deal with an out of state owner.thanks for stopping by my journal ,i will def catch up with yours !! keep up the good work
jay

I haven't gotten updated on all you are doing yet, but I will soon. There are so many journals to read, that it is hard to keep abreast of them all. Keep up the good work and I will too. Got to run, but I hope all is well with you.

thanks for stopping in and yes i have a few journals to catch up on too including yours....but i will !!!!! i have to start entering in my own also more.sooooo many things to do and not enough hrs. ok ok enought excuses.
my boys duplex deal what not what it was meant to be so he is now working or trying to work another deal.
this weekend my wife ,boy and his girlfriend went to warrensburgh ny to the worlds largest garage sale !!!how cool it was .there are soooo many people and old antiques and great deaLS.garage sale EVERY driveway for miles and miles.i bought only a couple small things,one being a large poster framed that says SUCCESS: some people dream of it while others get up early every morning and work at it !!! the picture was of a golf flag and green with footprints all around it where someone had been practicing EARLY in the morning as the prints were in the FROST !! this is so true and where we sometimes find the time to do the things we think we dont have time for !!!

this weekend i am installing the remainder of all new windows in duplex.that will be done finally.

oh yeah i also have done 2 deals with rina!!!!! excited to say one is a short term pml deal and the other is a house i partnered with her in wisc.!!!!
i am also acgtively looking local for a deal to partner with my son so he can get his FIRST DEAL DONE .HE is super excited to get started on his own real estate career.If anyone has something that he may be interested in out of state then let me know and i will forward it to him.I think if he starts a journal on here then he will see how much he has learned so far !!!
he is all set to attend the edge event 2011 with me .I cantg wait to have him experience it !!.thats it for now ,hope everyone is searching for that next deal to take action on !!!!!
jay

Congratulation on your big win with Joe and Stacey. I forget what the prize was, wanted to wish you the best.

cathy !! I am soooooooooo EXCITED .the prize is a min 5 day/5 night trip for 2 to the caribbean or like location !!!! thanks for your well wishes and stopping by my journal.its great to hear from you and see you are really making things happen with your deals.have you had any prospects on your list of preforclosures ?? i still have yet to contact anyone on mine.thanks again cathy
jay

well the weekend is here and i am pumped as ever after winning joes fun in the sun contest.this has given me more inspiration to get moving on real estate and selling more on ebay and craigslist.tomorrow i am installing more new windows in the upstairs apt.hopefully this is it for a while on this property.
next i have a prospect on the 30 * 100 wharehouse bld i purchased not so long ago.a carpet dealer wants to move into it.this is an awesome opportunity to gain some income on it but he does not want to sign a lease.It needs a roof /steel and new 12*12 door and 2 new entry doors just to start.i should be hearing more from him in the next few days.will look for laborers to finish cleaning the bld out tomorrow too !!

my son is home for the weekend and we are talking rei and planning his next move on offers as the ones he put in are not moving fast enough !! he is looking on craigslist as we speak !!

i got a lead from a re agent yest in a town 45 min away that is an reo and i will call to set up to do a repair list and make an offer next week.asking price was 25000 but agent said she is confident they may accept 15000.sounds like a deal but u know how that is,i will find out.
it is my opinion that u need to have many things in the works because it seems that this is what makes things happen for me.if i have 2 things in the game ...maybe 1 out of two will be something to look at or maybe none but if i have at least 5 prospects that i keep on hand at one time OR MORE then something ALWAYS pops up to take advantage of.
cant wait to get tomorrow anf find that next deal
jay

Wow - just catching up on your journal! Like you I havent had much time for posting and so much is happening with everyone it takes hours to get up to date lol Great to hear all the good things happening for you - especially that Justin is getting started in RE. I tried to inspire my 23 year old so many times, but he never bit. Great job on all your deals and its nice to read all the good things going on! Enjoy the holiday weekend!

Hey Jay, You are unbelievable! won Joe's contest and doing deals in between. I couldnt do it myself. You are an inspiration to say the least
Thanks for stopping in on my deals, didnt know anyone wrote on those logs til now lol. Definately give me a holla when your free. Tell Justin I said to get it done! J/K I know he will at his own pace, good to see he is being patient and not just jumping at a bad deal, but it doesnt hurt to have you behind him either;) Karen too of course, just dont know if he can her from pool side hahaha.
good luck my friend

Richie

its great to hear from you !! vacation in mexico ?? awesome !! i bet it was sweeeeeeet !! you are really hammering away at deals yourself girl !! coooooooool. anyone who has the guts to quit her job and tear into rei like you did does not suprise me with any deal you take on !! very exciting to keep up with your journey laura !!
jay

You are a go getter. I am impressed with all you have in the works. I think a commercial property can be very lucrative. I have friend here that has a commercial property on the main boulevard with 4 tenants. He told me a few years ago that he gets approximately $4000 each month. I could stand that. You probably will do well with your building. Please keep us updated. I can't wait to get my first commercial property as you have already done! Exciting!!!

thanks for your kind words.I believe you have to have 3-5 things in the works to get 1 or 2 deals sealed.i love being busy and it is exciting to be in the mix with so many deals or pontial deals.i am hoping this deal comes through and he takes it.IT would mean another 500 per mnth !!!! thanks tim
jay

hey thanks pal,i will def tell justin you said hi,I cant wait for you to meet him !! i will give you a call this week coming up.by the way what area in florida do you have the duplex in ?
jay

Hey Jay, My duplex is in fort pierce FL. Looking forward to the call, and it will be my pleasure to meet Justin.
Richie

it was great talking to you ...will call again when i have more time to shoot the breeze.you are an amazing icon for the quote NEVER GIVE UP !!
jay

on break at work and thought i would update journal.I HAVE to keep writing in journal as i get sidetracked very easy and put it off but it is what make and keeps me striving for that next deal !!!! and always great to go back and read.Well i finally have a tennant in the 30*100 bld for $500 per mnth .!!!!!!!!!!!!! that will bring my passive income to 1700 per mnth,slowwly working my way up the ladder with deans strategies and persistant non stop blogs and tips to see us succeed.man am im excited to rent this out.The carpet and hardwood floor guy is Jims flooring and he was renting a bld for alot more per mnth in a town approx 50 miles away and lowes moved in close to him so he wanted to move.I heard him talking about moving to my town in a bld i knew of and casualy told him i would give him a GREAT deal on my 30*100.He checked it out and said yes.NOW i have to put steel[forrest green] on it and a new 12*12 door and some partitions inside but i would have had to do it anyway .at least now he is paying for all the work.He does not want to sign a lease yet until he sees how things are progressing on the work so i told him that if that was the case i am keeping 30*30' to rent out to another person.We agreed and he pd me 1000 down for 2 mnths rent and started moving samples in yesterday !!!coool.
Iam currently working 12 hr days at my day job 1.5 hrs away from home for 2 weeks straight so i have gotten 2 estimates for the repair work and wating on the third est to come in so i can have them start ASAP.
My boy is still trying to get deal # 1 under his belt !!
well thats it for now,hope everyone keeps that rei dream alive and hits the pavement running to get that first or 10th or 100th deal !!!!! TAKE ACTION NOW !!!!!!!!!!!!!!!
jay

Things are on the up and up for you Jay and thats always motivating. You must be consistent and steady at how you approach REI, because it shows in your progressions. I know its not millionaire money yet but it must feel good to know that you actually created an extra $1700 for yourself every month buy just knowing how to put the pieces of the puzzle together. You know the direction that you are headed and you reaching your destination is just a matter of time.

Hey keep up the great work and I will see you at the TOP!!

Best Regards,
Shane

Awesome to hear how your building is finally rented and will start cash flowing you! Isnt it just amazing how things happen. You never know where or when you're next connection is going to come from that leads to your next deal or your next tenant! Congrats!