Carol Stinson's Real Wholesaling Journal. The second phase....WEALTH BUILDING!

Carol,
If you can get 20k to 30k in wholesale fees,I would do it and turn around and invest the money in your first buy & hold property!By not having a note will put you in a great position and if you have to go out of your area to do this,Property management would be pennies on the dollar! I know this is vague but you get the idea or maybe like (homeless in MD) says "It could be a Brain Fart"

Reading your comments about moving to a new level,I understand that.I also think there is big profit in acquisitions.

My best to your family
Randy

Thank you for your kind words of encouragement Carol. I WILL make this happen thanks to you, Deans books and all the support that ive read through other threads and when I become more knowledgeable with REI, I will be more than happy to assist others as well. Take care.

Hi Carol! I sent you a PM. Please get back to me when you can. Thanks for all of your inspiration!

Hi Carol! It's so great to see what you're doing. You're right about all the techniques out there and to branch out. I am using the lease option technique for my first deal. I'm a bit nervous about filling in the blanks on the contract but will have the lawyer look it over as well. Greg Murphy has been a huge help in clarifying some things. Also I too am trying to work Matt's 25:1 and I know he does email blasts so I have to talk with my realtor. Like you said you have the wholesaling down pat so I would jump out and flip this house that's NASTY. I looked at an REO recently with mold so not touching that one for my first one. It's just great to check in on you and see how you're doing. Can't wait to hear what happens on this one.
Blessings to You,
Cathy

I am trying to put in an offer on this property but cannot get a hold of the Realtor. His voicemail is full. His voicemail says he will get back to callers withing 24 hours but it has been over 72 ...lol.

I have put many offers in on properties over the past week only to find out that they are already under contract. I will continue to look for that perfect investment property.

As for this house since the Realtor has not called me back today I will go to the Broker and see whats up. I hate doing that but sometimes it is necessary. I like to keep a good reputation with Realtors even though many of them have a bad reputation with me... It's just good Karma.

There are so many methods taught by Dean's student to assist us on building wealth in REI. I am currently attempting to learn all that I can about the various methods used to purchase properties. These methods do not involve a bank or or my credit and they are no money down strategies.

There is Randy's Subject to strategy, Greg Murphy's Lease Option Strategy and of course the wholesale strategy that I have actively been using which has allowed me to profit $5,000 to $10,000 a month.

It is amazing how one can actually build wealth in real estate with no money and no credit. The old method of going to a Mortgage Company and getting qualified for a bank loan only to pay outrageous fees and interest is not the method used by savvy investors.

I will continue to educate myself on these methods of building wealth in REI. Then I will put feet to my brain and make it happen!

Make them PAY YOU to use their money. If you find the right bank and create enough business, believe me they will be competing to HAVE your business. It's pretty sweet. A whole new level.

Thanks for helping everyone from newbie on up, Carol. You are awesome and it is SOOO great watching you thrive!

Rina

I think that is a good approach to use as a Realtor. In this way you won't be leaving money on the table.

Rina How does this work? I am curious as usual

THE NUMBER ONE key is finding a small local bank that will do no-seasoning refis. And I don't care how many people tell you they don't exist, they DO! That is one of the most important ingredients in the system I am using right now. The rest is a piece of cake (and I will be filling in at the EDGE). I have people helping me with research all across the country to show that it will work everywhere, not just a fluke where I am. Some areas are easier than others to find that "needle-in-a-haystack". But if you can find that one bank (and often it takes going in in person locally to see who will "relax" their official rules), the rest can be worked out, whether you have good credit at this time or not. I am almost tempted to offer a "REWARD" to everyone that can PM me the name and number of a local bank in their area that has no-season refis. If we could get a list of these, DGers could be be the biggest group of property owners NMD that ever existed! Who WOULDN'T want cash-flow and tenants paying their mortgages for them???? Who WOULDN'T want the banks to compete for their business? Did you know that every mortgage you have with a bank allows them 300% MORE money to work with. They LOVE us! If we are smart and use them for leverage, there is nothing we can't accomplish. Adding this to the NMD strategies used by the others you mentioned above, think about the arsenal we are creating here! (Can you tell I'm pumped!!!)

Rina

would love to work with you on a national level.as far as your first rehab property,i'd go with your husbands gut on this one because he'd have the rehab knowledge.that being said,matt larson tries to look for homes that need little or nothing as far as work goes.as for myself i'm certainly not afraid of work,but working smart and hard are two different things.your time might be better spent looking for hold properties that need little or no work.now,back to working together,i don't know if this will help but my wife just got her re licsence for md.i'm also interested in de. pa. and nc.i'll pm you with contact info.keep moving forward and like you told me on one of your visits to my journal,DO IT SCARED!! rob

I have already dove into the rehab property. Or at least I have put my offer in at 35k. I am waiting for the Agent to get back to me which is taking forever.

I have also put in 30 other offers since then on rehab properties and again I am waiting on the Agents...lol!

As far as your pm I will check it and get back to you.

Whew - just caught up on this journal...dont know how it slipped past me. Great reading - just love your story and how far you've come! Its so darn inspiriing - and you're branching out to other strategies - how cool is that. Every phase of RE is addicting Thanks for sharing your journey with all of us!

Thanks Laura, I am glad you stopped in. It is always a pleasure to hear from you

I was catching up on your journey. Glad your taking this to a new level Carol. You're going to blow our socks off I just know.

Good luck.

Barbara

good luck(yea right,like luck has anything to do with it)with your rehabs.i tried to post before the tele conference.i should've known you'd be one of the speakers lol.goodnight and i'll await your response on the other,rob

Carol

The way you pull in the deals wholesale it, as another will come along requiring less work and time. You need to have the people to do the work unless you are. then you are really brave! I already think your brave.

Could you PM me your emails. I am already signed up for the edge and hate to go near the sight as I always seem to double order trying to find out info. This would kill me this time. I really want to follow your lead as I have been so impressed by you since the beginning!

Theresa

I am so excited about the Edge Event. After the call I could barely turn off the Adrenalin rush. I cannot wait to learn some new Strategies and also to share with others what I know will help them be successful and start making money in real estate.

I have been truly blessed to be able to get where I am and I must say though I have worked hard to get here ALL of the credit goes to God. He was the one that opened doors and gave me favor

I know that many of you here share my faith and the thing that I must stress is that you must walk by faith and not by sight!

If you have faith as a grain of mustard seed, you will say to your mountain, "MOVE!" and it WILL move... and NOTHING will be impossible for YOU!- Matthew 17:20
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Hello - I heard your story on the conference call last night and want to say how much I admire what you've done for yourself and your family. I am in California and just joined Dean's group. His books inspired me to take action. I wonder if you might consider partnering with us (my friend who wants to be a REI also) in our area? I think your techniques of doing all from home would work very well here. I work and volunteer almost as much as I work, so have little free time, but emails I can do evenings and early AM. My friend is house bound (can't drive) but has time during the day to do research. If you'd like to consider my suggestion, please let me know.
Again, congratulations on reaching your goals and creating a bright future for you and your family. That's what it's all about, isn't it - your family!!

Evelyn

Thank you for the kind words. My Virtual wholesaling techniques can work for anyone who wants to do this from home. ( Guess that would include everyone since everyone would love to work from home...lol)

I have built a website and filled it with resources to help anyone who wants to learn wholesaling. Check it out http://realwholesaling.com I am sure you will find many great tips and how tos that will help you get started.

Sincerely, you are a blessing to a lot of people on this site specially me I read your first journal. all I can say that it was a great thing to let the Lord used you the way it did. I love when you said it was 99% God and 1% you. I love this Humility. Always Keep it that way

God blessed

Carol --

It is great reading about your success and your amazing story.

Please shoot me a private message. I would like to talk to you .

Thanks ..

Randy S.
Elkton , MD

Carol, thanks for the posts! Your website is full of great information, how did you set it up?

Looking forward to meeting you at the EDGE, and great phone call the other night!

Congrats Carol on trying a new niche.You have one of the most amazing story's.Good luck on all your offers that you have out there.I am curious to see if you can resist the wholesale bug.Best of luck and thanks to everyone for all you do on this site... God Bless

Carol,
I watched your Empowering Conversations video with Dean and it was fantastic. I learned a lot from it. Thank you for doing it.

It brought up a couple of questions for me though. I couldn't understand the names of the free websites where you can build a listing for your property that you talked about. Would you mind creating a link for us on those pretty please? Also, I've tried searching for your contract but it's not coming up if you've all ready posted it. If not I would sure apriciate a copy of it.

Thanks Carol. Your helping alot of people on here. I hope to be able to help back once I've got some seasoning under my belt.

Blessings,
Barbara

just got logged on to your site yesterday can't wait to have the time to rummage through it.thanks again,rob

Barbara,

I have all of the links on my website http://realwholesaling.com on the resource page. You will find links there that will help you with everything pertaining to wholesaling. If you scroll down to the "Classified websites to post your properties for sale" you will find the link to postlets and Vflyer ( where you can create a flyer for your property) along with many others.

Good luck!

just checking up on you.haven't heard from you in a while.keep moving forward,rob

Sorry DG family I know I haven't been posting in a while. I have been busy flipping properties and YES I am finally purchasing my first property. With Dean's help I am purchasing a property in Philadelphia, due to close on April 8th.

I am finally taking the next step to "Wealth Building". Though I have been wholesaling for 17 months now I have never been on this end of a deal. I usually just hand the property over to my end buyer and never have to deal with the closing end. I would be honest in saying that I was truly sweating through the signing of the contracts. As I was reading through and signing on the dotted lines I wanted to run out of the room. No kidding I kept thinking " what am I doing, I can't buy a house! What if I cant sell it , what if I fail, what if...."

I just kept signing and telling myself that "I can do this, it is what I am trained to do, what I have waiting to do since I started 17 months ago".

Long story short DG family... I DID IT!!!!

This is just the beginning of a beautiful future and I owe it all to a man that thought it not robbery to step down and put me on my feet and give me a push towards success. A man that could have just left me in my mess to find my way on my own. But instead he took the time out of his busy life to write a book in an effort to change my life. Dean's books were written for us, to help us and change our life. He sat down and penned techniques and resources that he knew from experience would help others get where he is. He did not have to do it, he could have just sat in his millions and enjoyed his life. But instead he chose to change mine and for that I am grateful.

I am loving life

You and Greg have been a great inspiration to me. I have been using you guys techniques because I have not money and bad credit and four kids. But every day is seens so closed. I appreciate you sharing your success journal. As soon as I finish messaging you I am going to read every entry, because I was gettig overwhelm and discourage this afternoon and reading some of your entries make me realized that we all going trough this specially if you can afford to get help from the academy.

Another point. I heard the call with you in it and you mentioned some emails you use. Dean mentioned he will have then available. I was wondering if you can make then available to us. I will appreciate it.

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