Lloyd's Journal

You make me blush saying such nice things
Lloyd- so happy to hear of your closing and great family weekend too!
Another luau - Lloyds a happy man haha!
Glad to hear you got to spend time with Anita...she is indeed an amazing woman who has overcome so much AND continued to work towards her success..a true inspiration!
have a great holiday weekend! xoxooxxo

Thanks for stopping by my friend. It's always great hearing from you and sounds like you have been busy yourself. Yes, i had a great time last weekend and it was great seen Anita and spending some time with my family in LA area. I don't have any plan for the weekend other than doing some repair work at the house i just bought. I have a few people that wanted to rent it from me, but i have to do some repairs before i could do that. I still have the option of putting back on the market and flip it. I'm always open to every possibilities and lease option is not a bad idea either. The good thing is, i have a few families that are very interested in the house, but it's just a matter of deciding which family i want to have as renters once i decided to rent it out. Having said that, life is a beautiful thing. I'm also working on my REO's list that i will be sending information out to Carol, Andrea or anyone that might be interested in obtaining properties information and the locations. I have a list of properties in Arizona, California, Nevada, Florida and Michigan. Anyone interested feel free to PM me and i'll do my best to provide you with what you need. Ok Laura, since it's July 4th weekend, Happy Fourth to you and your family, and best wishes to everything you do!

Lloyd

I thought i would make a quick stop and provided a quick update since i last wrote on my journal. I hope everyone had a great fourth and took the time to reflect on what a blessing we have to live in the greatest country in the world. I know i am and i'm greatful for all the blessing that i have been given. I spent the weekend and the holiday with my best friend Karl and the family and enjoy each other's company. We had a bbq and it was off the hook!

The best thing about the holiday overall was that i was able to get our lake house under contract. The house was listed with an agent, but we haven't had any luck with it. When the contract had expired which was 90 days, i finally decided to do the marketing myself and listed as "For Sale by Owner", and within a month or two, i was able to get it under contract. The deal is a cash deal, and we should have this baby close within 14 days. The beauty about this deal is we didn't have an agent involve and when Karl return from his hunting trip from Africa, he would have a nice check waiting for him...hehe. Ok folks, life is good and real estate investing in amazing! I love what i do and love working for my best friend, and above all, he allows me to do my real estate investing business and still get a nice salary from him. Having said that, life is a beautiful thing!

Lloyd

That is some set up Lloyd !
Congrats on the deal! You are amazin, every time i pop on you are closing another deal lol. Well its like they say. Good things happen to great people.
keep up the good work my friend.

Richie

Glad you got that lake house settled - yay!
And I'm with you....love what I do, love all the blessings in my life...
its grand

Thank you buddy! Yeah, it's been really nice to have things worked out the way i planned, and so far so good. It's been really amazing how you placed your property for a realtor to list it for you, but not having any success other than put a sign on the front yard and hope somebody would call. This was not my agent that i use frequently, but this is one of the agent that my buddy wanted to use, but now since i took over it, i made things happened and he couldn't be more happier...hehe. He just left for his hunting trip to Africa, and he would be so thrilled to have a nice check waiting for him...hehe. Your good dude too Richie and thanks for stopping by my friend!

Lloyd

Yeah, i'm glad i finally got it under contract too, and yes, life has been great and i'm greatful for all the blessing that i have been blessed with.

I should have this baby close next week. The buyer love it so much that he and his family have been by the house two more times since last week, and really looking forward to get it close, and still have the rest of the summer to enjoy it. I will miss the lake house though because that's has been my favoriate fishing spot, but the family (buyer) has asked me if i could be their property manager in exchange for fishing spot, but i respecfully declined their offer thanked them for thinking of me....hehe. Good to hear from you my friend and so happy for you and your success!

Lloyd

We gotta make a plan to meet up somewhere - maybe check out a new market to invest in and make it a write off trip Miss you!

I like your idea Laura and that's sound like a grea plan. Let's see what out there and let's see if we can make it happen. I will be busy though from now on until the end of August. Leaving for Utah on July 18th through the 26th, come back that weekend and then leave for Phoenix AZ in the first week of August. I then will be heading out to Springfield MA on the second week of Aug for Karl's Hall of Fame induction, and then back to Utah two weeks after that for family function. That's it as far as my schedule is at this time, but i love your idea. Keep me posted Laura, and make we'll drag Rina into it as well...hehe. Miss you too ladies!

Lloyd

Wow my friend - you are getting all over! Sounds like a ton of fun! How awesome on the Hall of Fame induction, and to know you've played a part in that by keeping him in the best shape for that 'A' game - cool ! Enjoy all your travels this summer and I dont have to say keep your eyes out for deals along the way cuz I know you will!

HEY Lloyd, congrats on the HOF induction, I agree with Laura thatyou played a vital role in his career by keeping him in shape. I sure can use you lol.
Enjoy your world tour adn good luck with what ever comes your way.

Richie.

Yeah, i'm pretty much booked from now until the end of Aug, but i'll find time to do some real estate investing along the way...hehe. As for my buddy getting induction into the Hall of Fame, yeah, it's a special feeling knowing that i played a small part in it, but he worked so hard at it and he deserved all the accolates. Thank you my friend and good luck with everything!

Lloyd

Actaully, i'm not getting inducted but my best friend is...hehe. Just kidding bro. Yeah, it's a special feeling knowing that i played a small part in helping him becoming the best power forward who ever played the game. He was just as motivated as i was and what a different we made. I'm just blessed and very fortunate to have worked with such an amazing guy, and i am truly blessed to have him as my best friend. Thanks for the compliment buddy and congratulation on your upcoming closing!

Lloyd

Hey Lloyd, I am just checking in to see whats up with ya bro
You have some busy schedule! but I must say it has to feel good to be able to travel all over the place.
If you ever hit NYC ring me up and we'll hook up.
good luck on your REI endeavers.
Richie

This past month has been crazy. I've been on the road four straight weeks, and this week is not any different. This upcoming weekend will be my best friend Karl Malone Induction into the Basketball NBA Hall of Fame and i'm anxiously looking forward to it. It's been a long time coming and now it's just a matter of days away. We'll be heading out tomorrow to Springfield Massachusetts where the enshrined ceremoney will be taken place. I'm just humbled and honored to be a part of Karl's journey and played a very small role to have achieved this once-in-a-lifetime event and celebrate his induction into the Basketball Hall of Fame. I have been truly blessed and proud to have him not only as a client, but as my best friend. He is the best friend anyone could have ever asked for but more importantly, he is a great human being. Anyway bro, i don't want to get all emotional on you, but just wanted to stop by and let you know what's been going on.

As far as real estate, i haven't had any chance to do any deals lately due being on the road all the time, but after this month, things slow down a bit and then it's time to roll up my sleeves again and get back to work. However, i have been keeping my eyes on what Dean has been working on in the last few months and we all need to capitalize on it. Dean always a step ahead and i'm just as blessed to have Dean and all of you to be a part of this great family. Until next time, remember "Faith without work is dead, and with faith in what we do and a little work on our part, we can go a long way. Peace out and God bless!

Lloyd

Wow, time sure flies by. It's been a while since i last wrote on my journal, but i have been MIA for a while. For the past month and half, i've been gone out of town every weekend, and last weekend was not any different. It was one of the most amazing weekend i've had in a long time. The reason i said that was because my best friend was inducted into the Basketball Hall of Fame. It was such a great experience seen him gave an emotional speech and i couldn't help it but cried. He spoke about the people who paved the way before him, and the people who played a role one way or the other during his NBA career and what a great blessing it was for me knowing that i played a small role in helping him gotten to this pinnacle of his amazing carrer. He said, "It's not about me but it's about people who make a different in other people's life". Since he was also a member of the 1992 Dream Team, he was not only inducted once, but twice. It was a great experience to have mingled with the best team ever assembled "The 1992 Dream Team". The 1960 Olympic Basketball Team was also inducted into the Basketball Hall of Fame, and it was an honor to have sat there and witnessed the best basketball talents ever assembled. It was an amazing experience and the one i will remember for a long time.

Anyhow, having said that, i guess i need to get my butt in gear and get back into the game (Real Estate Investing). I've been gone for so long, but i've always keep my eyes out there for potential deals. I was lucky enough to have listed to the conference call last night and excited to hear about the new Set For Life System. I will be out of town one more weekend (this weekend) and then get back to real estate investing full swing. After all, i've still had my eyes on a few properties that i will be looking at them tomorrow before i head out of the town one more time. Until next time, remember that faith without work is dead, and with faith in what you do and little work on your part, you can go a long way" Peace out and have a bless day!

Lloyd

Hey Loyd, I was reading your posts on FaceBook & I think that is awesome that you & Carl are very close. I use to love to watch him play. Keep up the good work & I will meet you in the near future. Keep in touch...

Karl and i have been friends for almost twenty years. He's not only a great basketball player, but he's also a great human being. Yes, hope to meet up with you in the future. Take care man and good luck with your real estate investing!

Lloyd

Welcome back (even if temporarily ha)The site isnt the same without you. But I'm so happy for all you've experienced this summer - definitely one you will always remember! Thanks for sharing it all with us, and I know you'll fit some more deals in there somewhere

I agree with Laura, I miss seeing your posts Lloyd! If you happen to end up in NY during your travels, give me a heads up before time, I'll buy you a smoothy lol
keep it up Lloyd your piling up some great memories in your journey of life.

later my friend
Richie

Loyld,

I just took the time to read your journal (just the last few months) and I think it is wonderful that you have the means to travel around so much. I am not a basketball fan, but I have heard of the Dream Team. I will try to keep up with your successes and watch how you move ahead. Keep up the good work.

Tim

Yeah, it's been a while, but even though that i'm back, it's been another busy and hectic week, but i'm making time to get back into the game and do some deals. It might take a month or two, but i'm keeping myself busy and staying in the game. As far as the experience of the Hall of Fame Induction, it was such an amazing experience and very greatful to be a part of it. Hope you had a good visit with your mother and sounds like you're making deals too while your at it...Take care my friend and thanks for the update on your all your success! Your friend,

Lloyd

Thanks man and i miss being on this site too. I definitely will hold you to that smoothy when i make my way out to New York. I have a good friend that just moved out there last month and i might have to make a quick visit, and be assured that i will be called upon you when that time comes......hehe. I've read and followed your success and very proud of you and your deals. Keep up the good work Richie and see you at the top!

Lloyd

Thanks man! That means a lot to me for you to take your valuable and precious time and read my journal, but hopefully you have learned something from it. I must say that I've been truly blessed to make a decent living and travel and explore what the world has to offer. Real Estate Investing has allowed me to do that, and plus my employer also provided me with a decent salary to do what i've been blessed to do. I've been away from Real Estate for a couple of months due to a lot of traveling, but it's time for me to get back into the game and make some things happen. I hope real estate investing is going well for you and remember to never give up. I've been at real estate investing and get away from it time to time due to traveling and other family commitments, but this is my bread and butter and i can't never get away from it. It is the highway to success and my life depends on it. Good luck with your real estate investing and remember "Faith without Work is Dead, and with Faith in what You Do (Information/System) and little Work on your part, You Can Go a Long Way"

Lloyd

Ok, its been over two weeks since i last wrote on my journal, but time sure flies by when you're always on the go. Since my last posted, i've been able to find more deals and placed some offers. Some have been turned down due to to my low balls offers, but a few have been countered offer, and some are currently under contract, so i'm still in the game. I've been so busy in the last few months that now i have a lot of catching up to do. I've always do what i know its best for me and if the numbers doesn't work out on my figuration, then i move on to the next properties. The best information that i have so far is that i have been able to get a list of REO's but now i just have to maximize the list and get other investors to come on board. I have a list of REO's properties, and if anyone who want to get in the action, let me know and see if we can do business together. Having said that, i have list on properties in AL, AZ, CA, FL, GA, MI, NV, OH, & TX. If your states in not on the list, just drop me a line and i would be more than happy to provide what's available. I would love to work with serious investors as these properties won't last long and provide you with the property location and information. Two thousand ten is just right around the corner, and if you want to finish the year strong, let's make it happen and let's do this. I've had a lot of success with REO's and i don't see why you can do the same thing. The best thing about it is that i have been able to get the same bank finance these properties for me. I can't promise you that they (banks) will finance these properties for you, but i promise you that you can get these properties at 30%-50% off the appraised value. Until next time, just remember that "Faith without work is dead, and with faith in what you do and little work on your part, you can go a long way"

Lloyd

Lloyd!!! Whats happening bro
I see you are busy in the REI world again. Good to see you have things going on and I hope you get a lot of bites on the REO'S you have. I am assuming you hooked up with someone with connections with banks in all States in order to get that list.
Good luck and keep in touch.
Richie.

Lloyd,

What an awesome journal you have here! I have read the whole thing and am quite impressed. I have been reading so many peoples journals and am learning so much!

Thanks for the time you have invested in keeping it up.

Karen

What's up buddy, yeah, its been a while since my last posted, but i've been so busy lately, but i'm back now more stronger than ever. I have a few months from now until the end of the year to make some things happen, so i can get another long vacation back in the island..haha. Anyhow, good to hear from you buddy and good luck with your real estate investing business! As for the REO's list, "It's not what you know it's who you know"...Yeah, i have a good buddy of mine who own a mortgage company that he has been able to provide me with the list. It's a good thing to have people like that in your team. Good luck buddy and congratulation on your deals!

Lloyd

Thanks for taking the time to read my journal. I hope you have found it very helpful and informative. I thought it's one of the brightest idea that Dean has set up not only this amazing site, but Real Estate Journals blog where we can all share ideas and strategies of each deal we have come across with. I must say it's a good way to keep me stay motivated and be accountable for what i do. Thanks again for stopping by and good luck with everything you do!

Lloyd

Ok, today has been a great day. I met with one of my banks, i say one of them because i've been working with three different banks and the more banks you work with the better chances of having them compete for your business. Anyhow, i went through the list of REO's and found several properties that i wanted to make offers on. Two are out of my area, of which is about 40 min drive from here, but i went and looked at them anyways. Both properties definitely need major repairs, but if the price is right then it's a go. There's another property which is just around the corner from my house that i didn't know it was foreclosed on, but it will be in Sheriff Sale's tomorrow. I've placed ad in the paper for quite sometime, but i wasn't sure why this particular property has gone through the cracks especially given the fact that it's just around the corner from me. The last time i remember there's was a family living there three months ago, but after i've done my research, i have found out the owner of that house has died six months ago, and shortly after he passed away, the house went through foreclosure and now it will be at Sheriff Sale tomorrow. Anyway, to make the long story short, i've also discovered the bank holds the title to that property is one of the banks that i do business with. I called the Vice President of the bank and arranged a meeting with her. I met with her this afternoon and inquired some inforation about the property. I asked how much they own on it, but she could not provide me with the information because it will be at Sheriff Sale tomorrow which its understandable. I informed the VP of the bank that i'm really interested on that particular property because its just right around the corner from me, and plus i have a long list of tenants, but i don't have enough properties for them. I informed her it would be a great rental property and she wholeheartedly agreed with me. It should be noted that we have done some business before and she knows me very well and as much i've known her. We have a good professional business relationship and that's very important in any business negotiation. I went further and discussed with her the posibility of bidding on that property tomorrow, and when i do, will they be willing to finance the property for me, and her response was like music to my ears, "Of course Lloyd, you have been a great customer and we'll be more than happy to provide financing for you" I acted casually and pretended like i wasn't impressed with her come back because i didn't get everything that i wanted. One, was how much the owner owes on the property, and second, if they could finance that particular property for me, but one out of two is not bad huh...hahaha. Anyhow, i told her i appreciated her time and her willingness to work with me. It should be noted that i have several properties which this particular bank currently financing 100%, and you can't just get any deals like that anymore, and to have this particular bank offered to finance another potential property for me is just as music to my ears...hehe. After leaving her office, i made a quick stop at the property and done my visual inspection. I couldn't have access inside the property and i would be greedy to call her, and asked to seen the house inside, but i've gotten what i wanted out of the bank and let's see what the starting bid will be like tomorrow. I will have my limit and i know the area in the back of my head, but if the number is right, you bet i will make it happen and hopefully get this baby in the bank. If not, there's more properties out there and i just gotta go out there and find them. Having said that, remember, "Faith without work is dead, and with faith in what you do and with little work on your part, you can go a long way" Peace Out!

Lloyd