Donna's road to Success

Donna Doo wrote:

Woman Power!!! gotta love it

(Hopefully, this wasn't before your time!)

HAHAHA Karen I remember that well. And thank you. I plan on continuing and conquering wholesaling!!! I hope to have many more positive stories to share

last week I had made an offer on a REO and we countered back and forth twice with the bank staying well above my asking price. I was a 45k and they were at 55400.
Well today I received and email and they want to know if I will buy it for 48k!! LOL I totally love this

last week I had made an offer on a REO and we countered back and forth twice with the bank staying well above my asking price. I was a 45k and they were at 55400.
Well today I received and email and they want to know if I will buy it for 48k!! LOL I totally love this

We made a deal for some PM today to fund our rehab. Good productive week.
I think my staff are tired of me. I am not a mirco manager but we are here to walk and if you are not busy then you need more to do. I have realigned my staff switching a some roles making a stronger team. I will continue to do process improvement. We are increasing our offers to 2 a day. I am planning to really ramp up. Next week here we come! We are making an offer on a new office building that has storage units to generate income and a 2 multi units

Donna,

Wow, you are flying high, conquering new heights. Kudos to you.
You have a MINDSET and following a ritual and as time went by got ingrained into your daily routine becoming a second nature.

Bimal

Thanks Bimal, We all have been workign hard.
My team picked up 3 new managemeng contracts yesterday. Im so proud of them. I worked in my home office yesterday. And they didnt need me at all. That is awesome :)We also made 2 offers without me. that feels good!!!
I have follow up work to do today. bidding online on 3 properties

Donna thanks so much

I believe I will be venturing into Reo's so I am glad you shared your experience with us

Thanks Joel,
Just remmeber with REO, you have to double close or have private money. at least thats what we do. I bid on them with my exit strategy being buy and hold or fix and flip. The online bidding is pretty easy and you can do it without being a realtor. You can get a pretty good deal but it takes patience and I have found that HUD is the easiest. Fannie Mae the other realtor gets all upset because you are low balling thier listing. Good luck

That's a very good insight

Although my situation will be unique as I am renewing my realtor's license, how do you differentiate so you are not working as the realtor/broker?

( I just received my EIN number so at least my LLC is taking traction)

You just amaze me, you have mastered a multi stream income:
1) As an Investor
2) PM
3) Realtor
4) Nurse
Pardon me if I missed out any. I love your video blog, now I will do same with my business cards.

Thanks for sharing you experiences and wisdom.

Bimal

That they are able to make things happen even if you are not there. That is the goal!

Karen

Hi Karen YES that is the goal!!! Hahaha that is the goal!!!

How are you doing?

you are such an inspiration and i always enjoy your videos. thank you.

walt

Hi Walt we were all wondering where you had been I hope everything is fine in your world.

Im glad you like my video that's always nice to hear. Thanks for stopping by

I made an offer on an 8 plex Monday, worked out a BIG billing issue which we have been losing revenue, We got 2 more units to manage!!!
lets see I wrote a proposal for a management contract on a 20 plex, and sent out quarterly report to our investors... am my staff rented 3 units this week so far, avoided 2 evictions "you don't pay You don't stay"

Things still continue to be slow as far as finding deals I have a great buyers list now. But no darn properties! Uhhhggg I hate that.
I put bandits signs out this morning and some flyers yesterday. I will get at least 5 more MLS offers out this week.

Donna,

looks like you got your A team in place! congrats!!

It's an awesome feeling to not have to micro manage your team! I'm getting there myself... slowly but surely!

hugs,
Val

Im not there yet Val, I still have to tighten things up some but being here and available everyday has helped.
It is so cool to have people in place to keep the wheels turning . Thanks for stopping by

ANOTHER GREAT DEAL!

A friend of mine wanted to sell the house her and her sister had been living in for 45 years, It was their childhood home. So I started as a realtor to look for a house for them. She told me the would have to sell this house in order to buy the new house. She and I had talked about the price and she just wanted too much for me as investor. She wanted 115k but it is an older home that hasn't been updated in 20 years and the is curtains too! I told her we would have to be closer to 75k.... Time passed and the sisters and I found a new bigger , newer home for them. Again she wanted to know if I was interested. I told her no it was just too much. She had showed it to two other investors... who didn't even want it! they couldn't believe it... She approached me again... She said she would have to have the 50k her sister took out of her retirement and and another 30k for a total of 80k Dan met with her. He check out the house and negotiated 72500 with 10 dollar earnest money.... sweet!! ARV is 125k it needs 15k in repairs. It will rent out for 950 dollars a month.( its a 4 bedroom home) We purchased it with private money, the entire purchase price and our plan is to refi in in a year. Our contractor started repairs with no money up front... We are getting better at this Oh and I also collected a check for 2800 for my realtor commission for the purchase of the new house

It was a win win win deal to me donna doo. Love how you waited her out...

You have made awesome strides my friend Watching you grow has been exciting!

Keep making it happen

Keith thanks for stopping by... I knew she would come around to my number. Its a great buy and hold

Thank you Carol. I so appreciate you stopping by. Now if i could wholesale like you sweet Lady!!!

So sweet my friend love to hear that you know I am thinking of getting my license here in san diego too, not to necesarily work as just an agent but to help myself get props easier & yea maybe take a listing or two every now & then & work with investors since I understand them now so well.

Tony it really hasn't slowed me down at all. I can run my own comps and all my research.
You go Tony!!

happy Friday

A busy day for me. We made an offer on than office building and we are not pending.Yay!! Lots of work though
I met with two separate owners today.
Seller #One is a 5 bed 2 bath home. He says it needs work... music to my ears!!!!! Right from the start is more than off FMV!! It comps out at 170k!!! this could be good! Flip or hold???? We meet him at the property Monday I tried for today but he is working. Interestingly, he tells me, I got a postcard from you months ago but I wasn't ready to sell, but now "Im ready."
Seller # 2; called on a bandit sign. Moms house POS!!!! So first they tell me assessed value which is 65k I tell them I have been buying houses in there area just like this fpr 30-35k...... She say Well I guess we could take 40k.. game on. I know we can talk her down... 3 bed 1 bath FVM and it will rent for 850/mo. I just love this stuff

You are really CRANKIN it !!! Soo happy to hear you are free from your job and doing this FULL TIME now )) you deserve it from all your hard persistence !!! Can't wait to see how you keep climbing )$$$$$$

Thank you Jay!! We have been workin it!!!

Met with both owners today. Both houses need a lot of work. Good stuff though. We should have them both under contract by Thursday.

We are pending with our new building! Yea! we start financing process tomorrow

Wish you many more.........

you inspire me lady! hey do you handwrite your postcards or have someone do it? heard that was a good technique, pay someone $.15 cents a postcard im going to do that & yea how those work huh, people seeing our advertising/marketing, love it.