Tammy's journey to refinement and FREEDOM. GREAT THINGS ARE HERE!

Thanks for the encouragement,
I sometimes don't like to post because its not all positive stuff going on. I need to get back on my journal more and keep myself accountable. My older kids are hubby's job today for 'take your sons and daughter to work' day. Ahhh, its SO QUIET!!!

Thanks for keeping up with my roller coaster ride journey! I'm catching up on some messages I did not respond to. I apologize for not responding earlier. Its so nice to know others can learn from my bumpy journey!

Donna Doo wrote:

Wow you are doing great Tammy. Yes is is up and down and some day it seems like a lot of downs, but we can do it!!!
I love reading your stories. You are so creative with your Ideas. Thank you

I am so happy you are working on deals! Please let me know how they go! Even if they should fall through for whatever reason, you have taken ACTION which is the key! I have to go check your journal, so excited for you!

thanks for the success wishes! I've been looking at a lot of properties and looking into a lot of possibilities. I really need an agent I can trust to blast out my offers regularly.

address as I got something from PMI... Crossing fingers! Can't WAIT to post about this...

Oh my, I was so built up with anticipation about the package from PMI being my SA refund. It was actually the Insider's Edge magazine, and when I posted in Dean's blog inquiring where I could get a copy of it, they had called me to get my address and I never put 2 and 2 together.

The great thing is that inside of that magazine is a CD with Dean's books! Now, if your read a long, long, long time ago (think Shrek ) here in my journal, I've been trying to get my MP3s recorded onto CD. So, this made my day! HOWEVER, I stuck it in my CD player and it didn't play :?; so I'm thinking it probably requires an MP3 player anyhow. Oh well, its been a roller coaster ride day of anticipations.

Quite funny to post about! Until the REAL day comes when I can post about the refund...

i would be interested in finding out how to get that magazine myself. can you share the info? thanks.

I was thinking the same thing. Tammy do you have your video done for the refund?

I simply posted on Dean's video blog and asked how to get a copy of it because I couldn't go to it because of having kids. They called me. You can call Jeremy and I'm sure they'll send it to you.

I did not do a video. They didn't tell me I needed to do a video, but I did write an essay and an overview of each of my deals. I hope they don't come back and tell me I need to do one. I'm so fat right now I would feel horrible doing a video.

Well, I had the inspection done and there are many things that weren't revealed to me. Come to find out, the property manager debated with the owner about telling me about the one unit with foundation issues and the owner 'didn't think it was important'. Getting estimates done on that, and then going to ask for reduction in price again. He will not sell me the one without the other, so I am going to do some more negotiating on price to account for the foundation repair. What it is, is a unit was built where the old porch was, so there is essentially no foundations to hold the structure. This is a BIG deal. I am getting them at 50% below ARV, but because of the unexpected repairs, I WILL be getting them even lower so I can repair that, if it can be repaired. Anyone know any GOOD foundation specialists in the Evansville area?

Also have a great lead on a nice property in Indianapolis. $38K asking, rented at $700/month, NO REPAIRS needed, comps for between 55-60K. if I can get him down to $30K, I may go for it.

Well, remember when I was closing on my first rehab; the day of signing with the notary I was keeled over with an ovarian cyst? Well, I had yet another one of many and this one was so big it twisted my ovary and the pain was even MORE excruciating! Had dilatada, about 4 times stronger than morphine and that took it down to a 3. Had surgery this morning, recovering well, snuck in some food because they have me only on clear liquids and haven't eaten in 2 days.

Had to miss going out to look at properties this morning. Still tried to do it, but they wouldn't release me from the hospital. Grrrrr!

how are u getting a refund i have been following your jornal and you had no deals your first year????????

in jan eleven you say you have till feb to make your five deals thats fourteen mounths?????

Thank you for stopping by; but you need to read the journal or you haven't followed the timeline. I started the SA in Feb 2010; I joined DG.com in Nov 2009, didn't start posting here until March 2010 (started as a lookie lieu here) and I ordered the books in Nov 2009. (That's all in the first post BTW) And yes, I did 7 deals from the time I joined the SA the way they calculated them at the time. I'm hoping to post about it soon; I haven't received the refund as of yet and its been about 6 weeks since I submitted my essay, deal overviews and pictures. I better contact them.

It is CERTAIN we will SUCCEED!

mean the way thay calculate them

they changed the way they calculate the deals and they must now consist of both ends of the transactions. Before that time, renting out an existing property would count as a deal. The purchase of the rehab counts as a deal; the renting out of the rehab counts as a deal, the PM note I make over $100/month, the subject to I bought and the rental of the subject to after the tenant that lived their moved out... counted; as well as the 2nd home I bought that I didn't finish recording until March 2010.

My land did NOT count as a deal; #1, my profit was not over $1000, #2 it didn't close in time. But, that is another one of my goals I'm working on... reducing DTI ratios and having the equity in the homes work for my rentals instead of having to break even due to refinancing I did and one property that I paid too much for so even having put 20% down, I know owe what its worth instead of having equity.

Tammy,

Glad to hear you're recovering well from your surgery. Was it scheduled or an emergency surgery? Sorry you missed seeing properties this week. Are you going to be well enough for EDGE next week? Hope you fully recover soon. My prayers are with you. Has Jonelle found a babysitter for you yet? Take care of yourself.

Cheryl

Hi! This was an emergency surgery. The pain just went ON AND ON! I couldn't bear it this time. Each time I got cysts they were getting worse and worse. This one was so severe that the drug they used put the pain down to 3 instead of 9/10 (And this is one of the strongest drugs out there). NOT fun!

Yes, Jonelle set me up! I got info on the first applicant today. Cutting it close! (But I've been off the computer a few days)

Hope the surgery helped and you won't have any more pain. I have a question I'm sending you a PM. Keep well.

hope you are doing well and that is the last time you have to deal with cysts. i hope you have a great time at the EDGE.

Sounds like things are moving along for you. Hope your feeling better. I submitted my paper and photos for my refund about two weeks ago. Hope everything goes well with yours. Enjoy your Edge training, I am sure you will love it.

Thank you! I am slowly able to do a little more. I'm still bloated up like a huge balloon. They fill you up with something to make it easier to distinguish the different organs, but it makes you look pregnant, and I'm not sure how long I will look like this. LOL I have to laugh or I'll cry. I gained over 9 lbs from the surgery, but in reality I should have lost over 5 lbs with the size of the cyst.

James, CONGRATS on doing your 5 deals! I didn't know you had made it there yet! WAY TO GO! So proud. I'm going on week 7 here, so I'm going to call them again. They always tell me they don't know anything. A little discouraging. I would like to help out a friend right now, but without this money I am not able to.

It is CERTAIN we will SUCCEED!

Well, today I got contact on my refund. I wish they would have told me about this when I submitted the 14 page essay and 28 pages of deal overviews (or however many it was, I know it had a lot due to the pictures. )

I have to do a video to get the refund. So, this takes away from my already limited time; and will probably mean a delay of several more weeks for the refund.

Well, I'm trodding along on the Evansville, IN properties. I am awaiting several estimates on the items that were not disclosed to me. Come to find out, the owner had a conversation with the property manager about telling me about the foundation issues, and the owner didn't think it was important to tell me about them. . So, needless to say, I'm going to get estimates, send them to him, and tell him I can only buy the properties for the amount less the foundation repair and wish him all the best. I will also tell him how important it is to give full disclosure about items because it can get him into a lot of legal trouble. He is a contractor, and got these as an amateur endeavor into investing w/o really knowing anything about investing. I'm hoping that I can still acquire these, fix them up and have some nice cashflow, but even at 50% below ARV, I still believe the foundation needs to be accounted for. I am dreading this conversation I'm about to have with the seller. He just had his first child and already moved country. I should have immediately done the inspections back in December, but I was working on trying to find a bank to lend money to me.

I have several that say they will refinance. I'm going to call the SA tomorrow to make sure I'm asking all the right questions to make sure I don't get stuck with not being able to refinance the properties. Best to double check!

Hi

I have been reading your post for the last three days now on business credit, do you have a sample of what you wrote to these credit card companies, maybe you already have listed somewhere and I may have missed it either way can you direct me or list it here?

Thanks Silas!

Remember the Hotel I talked about a few months ago? Well, there was a team of us. We all signed NCND agreements. One of the partners trusted another person enough to bring him in on the deal. Come to find out today, HE got paid out over a million dollars on the deal we had put so much time into and cut us all out. This is so disheartening and one of the many reasons REI have bad names. Each of us should have gotten over $250K. He wouldn't even have been paid if one of our partners hadn't gotten the deal. #@&@*!!#&#^#^&@!! (Q-bert expletive)

I had some suspicions about this guy and expressed it early on; even put it in writing. I HATE being right like that. Man, that would have paid off one of my properties! It is a shame that when it comes to money, there are few and far between that can be trusted.

But, the good news is we have access to many more deals like this and we DO have the ability to make money. We will MOVE ON and make it happen. Just knowing that all the effort we put in WOULD have and SHOULD have paid off seems like an accomplishment; because dealing with properties at that high value I wouldn't think us small fries had a chance to be a part of the deals at all. But, it goes to show, we CAN! and we WILL!

Lesson of the day; ALWAYS sign NCNDs and ALWAYS have a partnership agreement.

Yes, I will go check that thread and share what I wrote. I personalized it to my own scenario, but it should give an idea of what I wrote. I *DID* personally guarantee those though... And, I will say that I just found out the Business Discover is reporting on my personal credit so I have to try to get them to report to Business instead (USUALLY business credit does NOT report to personal credit even with a personal guarantee).

It is CERTAIN we will SUCCEED!

Just drove by the hotel and checked into my house rental. Its not too much different here so far than CA. Just no grass in the yards. The house is nice, very dark, but nice. Who wants to come over for a party?

I don't think its really hit me yet that I'm really HERE!

Tammy,
Yay! You're there! I remember feeling that "I couldn't believe we were there" either. Enjoy! Take it all in. The whole experience!
Cheryl

The word integrity does now weigh much with some people.

...about being taken advantage of like that!! Isn't there something you can do, I mean, you have that NCND agreement, right? I don't know much about how that's supposed to protect you but since it didn't, I guess I just don't understand. Anyway, Tammy, that guy will GET HIS OWN one day! What goes around, comes around, and he will be sorry.

Hey, you ARE here, eh? Yay! I'll be there tonight (unless it falls through, but I'm crossing all my appendages) Where did you rent your house? Scottsdale? And, I guess you found child care, right? I would have done it for you if I weren't going to be coming to the EDGE. I haven't been on here much so I didn't know you were having troubles finding child care Sowwy!

It is CERTAIN we WILL SUCCEED!!!!