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

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

Hello,

My name is Tammy and I bought the Dean Graziosi books on my Thanksgiving vacation. I bought them in audio format as well because I am a stay at home mom to 4, and I homeschool them, so I don't get much of a chance to read these days!(Unless 'The B Book', 'Goodnight Moon', 'Skippy John Jones' and 'The BellyButton Book' count) My children are currently 2,4, 10 and 12. My husband is employed for the county and makes a decent salary, more in flexible benefits.

I have been a REI since 1997, but here I am in 2010 and I have 5 mortgages and my cash flow is pretty poor. I own 5 properties, rent out 3 of them, 1 is my primary home, and we just acquired a sweet divorce sale property in the California mountains. (100K below FMV!).

But, as we secured that sale on our 2nd home, we required a cosigner because of all our mortgages (4 first and one 2nd), and in the end, the bank didn't even WANT us on the loan, despite have a great credit score and proof positive of no vacancies since 1997!!! (Banks will only count 75% of any of your rental income when analyzing income, because they expect you to fail at it; even with 13 years of proven record) My in laws were gracious enough to be on the loan alone while we make all the payments and cover all the expenses. Its unofficially our first PML.

You see, we got traditional financing, secured and guaranteed all these homes ourselves. Our ratios for credit are bad due to having the 5 mortgages, and rental income, so no one wants to extend credit to us. I've never had any lates or collections, and pay on time, there is just a major credit crunch right now and banks unrealistically only counting 75% of our rent income, but 100% of our rent expenses. So now, with the economy the way it is, we were going to have to stop investing, in the BEST market we've ever seen to invest in. I just couldn't accept that and was determined to find something that will work.

After being told by at least 10 people we will not be able to invest in real estate any more, and being stubborn about not accepting that my business was dead, I flipped the channel and found Dean Graziosi. Timing couldn't have been more perfect! (I think God played a big role here, because I rarely watch tv, let alone late at night!) I quickly ordered the books profit From RE right now and Be a RE Millionaire. Smiling That is where I am and where I started.

I waited 3 months to start posting on this site from my initial sign up, didn't realize what a valuable resource I was missing! Stick around! Its invaluable!

**edited 5/16 to add Edge 2011 photos :P** (I wish I hadn't had surgery the Friday before as I'm still filled with whatever it is they fill you with, but I wasn't going to miss this event for anything! Laughing out loud)

**edited 1/24/2012 to add my video (recorded March/April 2011)

Here is the video link. http://www.deansmedia.com/play.php?vid=243 I hope it conveys some of the struggle as well as the triumph. This was recorded in March, so I've since done many deals; but it will have to wait for the 2012 video. Sticking out tongue

I have also started a new 2012 journal here: http://www.deangraziosi.com/real-estate-forums/investing-journals/99510/...

Hope all of you are turning your ideas into actions and making it HAPPEN! Do it NOW! Smiling

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45K overbid offer and loan

I haven't heard anything yet. BUT, I do believe the agent is really pushing the bank to accept it because he gets a commission on the higher price. Eye-wink He said we should hear on Monday. Smiling It will seem like forever!

Thanks for coming by my journal Jen! You know how much I love reading yours!

Our loan was taken not only to the underwriters, but also to the head top hauncho at the bank and .... it looks like its a go.. with CASH OUT! But, until I see that paperwork, I've heard it all too many times before that it was a go. I want to be ecstatic, at the same time I don't want to get my hopes up just yet. But, this is GOOD news!


Tammy

Keeping my fingers crossed for you!

Karen

__________________

"You're never too old to be what you were meant to be!"

www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...

"Shining Like a Star & Dancing on Sunshine"

"Shoot for the moon! Even if you fall short, you'll still land among the stars!"


i concur

Keeping my fingers crossed for you!

__________________

Wanted Properties from FSBO's/ renter for
Buying, selling, lease options
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-Yes money does grow on trees, you just need the right fertilizer


NIce job

Tammy,

great way to think way outside the box (which doesn't surprise me coming from you!)... are you trying to get the loan from the same bank that owns the property?
That's a great idea to deal directly with the REO agent; after all, they are the ones who will submit your offer with their 'recommendation'.

Wishing you all the luck for Monday... not sure how you will be able to sleep until then though Eye-wink

Valerie

__________________

Valerie

“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss

"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown

My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...


Got my Lease Purchase done

and am closing on the A side tomorrow, and if possible the B side; the B side may have to wait until Wednesday because I have to wait on Equity Trust Company for my IRA portion of the deal. Smiling Increased my networth by $5K in a weekend. Love it! Also, getting $1000 in cashflow every month for 4 years (if they don't refi) If they refi, I'll be doing another deal again through my IRA soon. Sticking out tongue


Good news and bad

***THE OFFER WAS ACCEPTED***!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

The bad news is my HML may frown upon the $45K coming out of the purchase price and without a letter from them stating its acceptable, they won't sign the offer. And, I can't get anything from a HML without the signed contract. Catch 22 I'll have to work out! Smiling I have over 8 PML but I used one I'm pretty sure would work with this. So , I may still need a partner on this deal. I will keep you updated!

I closed on my other deal, in IN, and my buyer is already busy fixing the property up. The electrical wires were cut and many malicious things were done by the prior owner. Got mad because he didn't pay his bills and had his house taken away. He returned twice now and its very disheartening. They should have nabbed him for trespassing on several occasions now! Sad


Dean's Live On-Line Event

Hi Tammy!
I saw you signed into the on-line event. Good to see you around the neighborhood. All I have to say is WOW. I had the good fortune to be able to sit in on the first 5 hours of the event and I was really blown away by the amazing content that Dean and the guests shared. It was so exciting too to see Dean so animated talking to these great people! There were literally about four times during that event I just sat back and said WOW. AND, I took good notes. This is as close as it gets to being at an EDGE event so I didn't want to miss any of it.
There are changes coming to Jaguar Investment Group!

Have a great weekend.

Roger

__________________

URL for Journal : http://www.deangraziosi.com/real-estate-forums/investing-journals/43293/...

All things are possible to him who believes! ----- Mark 9:23

In the middle of difficulty lies opportunity ------ Albert Einstein


Hey Roger!

That was quite an event! Amazing! I was only able to listen a little here and there because of phone calls and kids. Can't wait to hear and see the changes at Jaguar. I'm at one of those 'plateaus' that was discussed and I'm desperately looking for ways to surpass the hump! Did you buy the RBBP? I have not, because I don't know if this refi is 100% certain, and I could be in some trouble if it doesn't go. So, I wait and PRAY this is really going to go through! I can't wait to see the changes in Jaguar! Smiling

Jaguar.Investments wrote:
Hi Tammy!
I saw you signed into the on-line event. Good to see you around the neighborhood. All I have to say is WOW. I had the good fortune to be able to sit in on the first 5 hours of the event and I was really blown away by the amazing content that Dean and the guests shared. It was so exciting too to see Dean so animated talking to these great people! There were literally about four times during that event I just sat back and said WOW. AND, I took good notes. This is as close as it gets to being at an EDGE event so I didn't want to miss any of it.
There are changes coming to Jaguar Investment Group!

Have a great weekend.

Roger


Deals can be bought

Well, I closed on the IN deal without a hitch. But the deal that I had the accepted offer the seller wouldn't sign until I had a HML approve of the $45K. In calling all the HML, I did finally find one, but by that time, another 'investor' came in with a full price offer. So, now my offer is with that one and I probably will not get that one. The other offer had an actual bank statement; and there's never any way to prove it, but I believe one of the HML gave wind of it to another investor. CUTTHROAT! Sad

But, I will move onto the next... LOTS of time in that deal; writing up the prospectus and doing all the research takes time.

But, It is CERTAIN I will SUCCEED!

On another front, my CPA that I went to for several years prior is trying to charge me triple what he quoted me; double charging me for everything that used to be included in his tax preparation charges. So, now I have to waste time discussing this. I mean, this guy is being totally ridiculous, charging me high fees for determining what fees he's going to charge me. If I've EVER recommended a CPA to you, DO NOT USE HIM! He has changed and has become a greedy S.O.B. and is being completely unreasonable. The bad thing is, he did not make me aware that all this other stuff that used to be included I would now be charged for. But the icing on the cake has to be when I met with them to give my info (usually included, now charging extra to do that), there were a few item I didn't bring (it wasn't on the list mailed to me, which they are also trying to charge me for emailing the list of items needed (a pre-prepared document) which was always included ($55 a pop each for personal and business even though it was all in the same email.).

How am I supposed to delegate out things when people are so money hungry and greedy? I can't even believe I'm dealing with this with this guy; he was always so down to earth and awesome. He's the last person I'd expect to try to charge $4K more than quoted for something!


Settled with the CPA

I had to have the taxes filed for my loan, which still at this point, is a GO. I keep PRAYING this is for REAL this time! After discussing all the fees with my CPA, he is actually a huge NAYSAYER for REI himself. He was all gung ho back when the market was great, but boy, he said I've bought way to much property and never would have advised that. Then I told him my goal is to have my husband retire in the next few years. He told him not to quit his job because 'you'll never get anywhere with RE'. I told him about my PML program and how I pay 10-18% interest, so if you have any clients that want a great return and not worry about the crazy stock market, I'm always looking for private lenders. He adamantly said, no hard money loans are too risky right now. I said, but we buy them at aleast 65% below market and the money is secured by RE that's worth at least 25% MORE than the investment. He didn't want to hear it or recommend my PML.

So, after all the kerfuffle, and paying way more than I agreed for my taxes, as he was leaving to go get the taxes for us to file, and walking out the door, was right after this conversation, and after we'd settled much lower than he wanted us to pay, my husband told him, but we made over $110K on this deal! The look on his face was absolutely PRICELESS!!!! He could barely talk. We explained its in equity in this house we're refinancing; but as the accountant, he only looks at the buy numbers, and because it was 2010 taxes, he didn't see the rents we were getting. Had to also tell him, yes, and once this refi is complete, we'll have $700 cashflow a month from it. If only I had my flip camera. It was a look I'll never forget. Bahahahaahahahahaha! Well, I ended up paying $1K more than I agreed for my taxes, but I think in the end, he felt smoked! Sticking out tongue

I have found a few more deals, and have several people that want to partner with me. I haven't heard anything from the agent and I think I blew it with him; he was a good contact to have as he's a pretty big REO agent. Sad But, I will keep on pursuing and NEVER give up! I will finish what I start and NEVER GIVE UP!

It is CERTAIN I will SUCCEED!!!


Been working with a partner

trying to wholesale a few deals.

Lost the rehab deal, but I have a new one I'm working on acquiring; put in the offer on that today as well as 10 other properties to wholesale. These are off market properties. Smiling Looking forward to my first wholesale deal to go through. I'm co wholesaling a few too; where I bring in the buyer, and another investor has them under contract. Sticking out tongue

Lots more to tell, but much too tired! Perseverance is the hard work you do after you get tired of doing the hard work you already did. ~Newt Gingrich Thought for the day! Smiling


So much going on!!

I am sorry for not keeping my journal updated! I have a million things going on! And I have so many deals in the work I've lost track; as a matter of fact I have to make a spreadsheet so I can keep track of them all! I'm doing my first assignments! Shocked Its fun to REALLY spend other people's money I'm finding! LOL

Sad Tenant gave notice because they're going through a separation. This was the house I bought for the pastor and his wife that I was going to deed over to them once I made it big. Things didn't work out the way planned; they have been there since 2004. Going to cost somewhere around $2500 to get it back to where it was. Getting ready to prep the house, clean it up, fix a bunch of stuff they broke, and do a lease option on it.

Sad Water pump went out in my NC property. Turns out the person who initially drilled the well did it wrong, and the whole well is collapsing! Which probably had something to do with the water pump dying. This will put me out a good $1500. Shocked This house is only 7 years old!! Cool

Sad Thought I had a house under contract, was not allowed to give the EMD until I got into the house, but it was supra locked and I don't have a local agent, so I couldn't get in and someone else got their EMD in first (It was $5K non refundable, but this property was right in my OWN city! 2 minute drive away! I'm bummed! Had a good spread to. Price $353K, ARV: $575K, needed about $50-60K in work. Plllbbbbbtt! Too many other buyers out there that have a lot more money than me got it. Sad

Sad Had a buyer for a property, the guy I was working with is green in REI and asked me to see if I knew a buyer. I called him 1/2 hour later and he'd sold it for $5K less than a buyer I found. Missed that one by the hair of my chinny chin chin! He was just happy to get $12K for an assignment; he didn't share any with me, but we are partnering on future deals. Laughing out loud

Smiling Was actually buying the previous one from a wholesaler in the area, and made a lot of wonderful contacts! She runs a REI club locally and really has an awesome method for how she does thing. The other gal I talked with has been an investor for 2 1/2 years now and is out there making it happen too.

Smiling Got a wonderful buyer with a couple of million dollars to spend. Been putting in all kinds of offers to wholesale to him. Sticking out tongue

Smiling Got 2 accepted offers. 1 is a modular home, the other is a SFR. 3 more offers pending; expecting to hear back tomorrow. 1 is a probate subject to court confirmation, 2 more are REOS. Making at least 4 offers a day now... because....

Smiling I HAVE AN INVESTOR FRIENDLY AGENT!!! Thanks to a partner I have, she is wonderful! So far, she gets the offers written up within an hour of me telling her what to offer. WEEEEEEE! This is what I've been waiting for for so many long, long months!!!!!!!!!!

Smiling I have a lead on a probate not yet on the market from my CL posting, but they are asking close to market value. I may have a retail buyer for it though!!! Laughing out loud YESSSSSSSSSS!!!!

Smiling I'm working on one out of state deal with another DGer. This one will close quickly! We're buying it outright and will have cashflow on it, and have it rehabbed completely by the buyer and do owner financing on it. Laughing out loud $500 upfrong and about $500 a month split 2 ways, $250/month for a $2K investment for each of us. Can NOT complain! Sticking out tongue

Smiling GOT an intern and a property locator! Sticking out tongue I am on my way!!!!!!!!!!!!

Smiling Teaching a new investor how to invest in Louisiana. Going to split 50/50 with her until she can do it on her own.

Smiling Made several connections with MANY partners! Some DGers, some other local investors here in Southern CA!

It is CERTAIN I will SUCCEED!!!!!!!!!!!!

Can't wait to post more in the 'my deals' section. Hoping it happens soon! Evil


Forgot one last thing.. :)

I will be attending the brainstorming event in AZ in September with Dean and several other DGers. Smiling Can't wait! Especially now that I found a way to listen to Dean's books in my car for the road trip! (See the post here: http://www.deangraziosi.com/real-estate-forums/everything-else/89049/how... )


Why did it take you so long to do wholesale Tammy?

I pondered this question for some time, and I think I figured the answer. When I started this journey, my intimidation that held me back the most was having to be on the phone with other people and coming across very unprofessional due to always having the kids in the background or talking to me while I'm on the phone (Murphy's law). I over came that by constantly being on the phone while the kids were audible, sometimes they've even screamed in the background, and excusing myself from the conversation to address the inquiries that happen the second I'm on the phone, and its taken me this long to be truly comfortable doing it, I mean all out. Wholesaling requires a lot of phone calls, and to me, even though I've been talking on the phone now for over a year; and went through the really awful part of just overcoming it, the stigma has still been there in the back of my mind in some way, shape or form.

My husband still gets livid and rolls his eyes, and asking my why do I have to say such things (only he doesn't say it quite as nicely Sticking out tongue) when I'm on the phone and explain I am a stay at home, homeschooling mom with 4 kids, so you will probably hear the little voices in the background during our conversation. So far, of everyone I've told this to, only 1 person ((and my hubby thinking it ridiculous for me to say this)was put off by the kids in the background and the interruptions, and that person wasn't worth doing business with. With most all the others, it started up a conversation!

So, point of this post; there can be little things that may stand in your way, that you will just need to KEEP DOING despite it being uncomfortable, and one day, it WILL become COMFORTABLE! Keep on trying and persisting through it all! Laughing out loud


Love your Blog

I'm new and "Lurking" but I have to say I love your blog so much. I am a mom of 5(only 3 left at home) and can remember the days when I was homeschooling my oldest 2 kids with a 3 year old intow and trying to sell Avon or Tupperware on the side when I should have been doing real estate all along. I am researching for my 1st L/O on my own home(in Iowa) from california and am wondering what you would recommend? My buyer is currently paying $350 mos for an apt and has $5k to put up. I have been reading the forums and am trying to figure the best approach. I want to definitely cover my bases and my behind Eye-wink but want to also make sure I get my house back incase of default or nonpayment. Thanks for any advice or recommendations of who to talk to. Thank you.

__________________

H.A.Barker
1890 Investments, LLC
How Can It Get Any Better?
What Else is Possible?


business plan

I don't know how to do a business plan. I have some ideas, but don't actually know how to do it. I have talked to two realtors so far. The first said I can't do it. (No money and no credit). The second said I need to figure out my cash flow to be able to write my business plan. to figure out how much I plan to spend on the house, etc. I have no idea. I can find out how much I might need for lawyers, inspectors, etc. Any suggestions? Does DG have any info somewhere on business plans, etc.?


WOW

It sound like you have your hands full. It has do be pretty exciting to buy real estate and work a business at the same time. Just wanted to say hello.

__________________

Averyday is a Friday so weak up each morning and get excited.


Hello Heather (Pitpass2) and QCDs with L/O

Thank you for visiting my journal! I apologize for my absence, I've been so crazy busy! Its always great to 'meet' other homeschoolers. If you do a lease option or a lease purchase, just have the buyer sign a QCD at the signing of the contract BEFORE they move in. Make sure you tell them this will NOT be filed and will be kept in an escrow account and never looked at again, but will be used only if they are in default for over X number of months. If they do default, have in your contract that after X months, the QCD will be filed only in that circumstance. Hope this helps! Congrats on taking action! Smiling

pitpass2 wrote:
I'm new and "Lurking" but I have to say I love your blog so much. I am a mom of 5(only 3 left at home) and can remember the days when I was homeschooling my oldest 2 kids with a 3 year old intow and trying to sell Avon or Tupperware on the side when I should have been doing real estate all along. I am researching for my 1st L/O on my own home(in Iowa) from california and am wondering what you would recommend? My buyer is currently paying $350 mos for an apt and has $5k to put up. I have been reading the forums and am trying to figure the best approach. I want to definitely cover my bases and my behind Eye-wink but want to also make sure I get my house back incase of default or nonpayment. Thanks for any advice or recommendations of who to talk to. Thank you.


Hey Alice (aflanders) Business plans and naysayer RE agents

Hi Alice,
Yes, to write a full business plan, you need financials and projections, but to write a basic business plan you don't. I would use a premade product. Check out this thread with some valuable info on business plans (and building business credit for down the line for you at some point Smiling ). http://www.deangraziosi.com/real-estate-forums/financing-and-credit/5696...

As far as the realtor who said you can't do it, onto the next! Don't let them know you don't have money, when you write up offers say you will put in $X of the deposit upfront and then before 10 days (or 15, 20, etc, whatever you can get away with) the remainder will be deposited. (You don't tell them this, but it will come from your end buyer). Best thing to do first is start building a buyer's list. LOTS of threads here on how to do that!

Great job on getting out there and DOING, you are well on your way! Do NOT give up!

aflanders wrote:
I don't know how to do a business plan. I have some ideas, but don't actually know how to do it. I have talked to two realtors so far. The first said I can't do it. (No money and no credit). The second said I need to figure out my cash flow to be able to write my business plan. to figure out how much I plan to spend on the house, etc. I have no idea. I can find out how much I might need for lawyers, inspectors, etc. Any suggestions? Does DG have any info somewhere on business plans, etc.?


Hi Edward!

Thanks for stopping by to say hi! I do! I'm actually going to enroll my kids in a CHristian school for at least a couple of months to help me out some. Smiling My business is real estate. Sticking out tongue Welcome to the DG family!

matlock31 wrote:
It sound like you have your hands full. It has do be pretty exciting to buy real estate and work a business at the same time. Just wanted to say hello.


My newest adventures :)

I've been so busy! Sorry for not keeping updated!

I am working on some co-wholesaling right now and have learned a tremendous amount and am int he middle of 6, yes SIX deals right now. One is closing early next week, the other is a short sale and should close by the 12th; the others we're still in due diligence period. Smiling I've also got over 100 offers in on properties for my own wholesaling. Laughing out loud

More on this at these threads: This one should close by 9/12: http://www.deangraziosi.com/real-estate-forums/my-deals/89530/co-wholesa...

This is another one closing early next week (unofficial thread LOL): http://www.deangraziosi.com/real-estate-forums/everything-else/90123/g-r...


Wow Tammy

So impressed, when you take on a new area you really totally embrace it. How are you finding most of your wholesale deals?

Keep it up,
Judi


WOW, I haven't updated in over 4 months!

Well, things got busy on the wholesaling front. During my time wholesaling, I birdogged 3 properties by introducing a buyer and a seller and then had 27 buyers line up for 27 properties. I locked one property up for myself, but was not able to close on it; but found out that one of my buyers bought it behind me, for MORE than I was offering it for after I dropped out of escrow. Go Figure. Hmmppppfff! The 27th one was the sweet one that actually close. (You can read more about that here: http://www.deangraziosi.com/real-estate-forums/my-deals/97043/first-shor... ). I also had a tenant move out, did a full rehab on that property, and did a mini rehab on my primary residence. AND, I am now wholesaling notes as well (NPN, Repreforming and performing). Those 2 deals above never did close. And one of the buyers no longer talks to me; I'm not sure why, maybe he saw the post. Sad

I will probably be starting a new journal for my 2012 endeavors. Wholesaling in Southern CA is a bit more complicated than many other areas in the country. But, I have PROVEN it can be done. Laughing out loud And, learned A LOT in the process! :8


The Loan from hell!

The biggest news... MY LOAN FINALLY CLOSED!!!! Now, it took me over A YEAR to refinance; there were several reasons why. For those who don't know, I bought a property to rehab, decided to keep it because the rents were so good, and thought I could refinance out of hard money pretty easily because I've never made a late payement in my entire credit history, have increased my net worth over 200K in a year period and increased my income by over $1850/mo, and banks were always chasing us for our business. But, here were the hurdles and the realities of the new lending environment that punishes investors.

-This was a 5th financed property for me.
Lesson, the 5th one is VERY hard to finance! You basically
need to NOT need the money to get the loan

-No cash out is allowed past 4 properties , something I didn't know
Lesson, do an AITD against the property and record it within
a few days of buying the property so it is considered a rate
and term finance to pay yourself off when you have any amount
of money invested in a property past 4 financed properties. I
did an AITD 2 months INTO it after I completed the bulk of
the rehab.... They wouldn't count it rate and term because it
wasn't done right at the beginning. Sad

-Good credit (ours is high 700s and low 800s (because of all the inquiries to get this refinance to go through, it was closer to mid to high 800 (yes that is possible)) MEANS ABSOLUTELY NOTHING!

-Flex pay, even if someone gets it for 11 years, doesn't count (over $1750/mo) EVEN though it can be taken as 100% cash if chosen... EVEN if you have letters from the HR department stating this will continue and is a part of the regular benefits of working at this position (my husband's J O B)

-If your business shows one time losses; whether it be points paid or restructuring and revamping efforts to turn the company around, the banks count it as EVERY YEAR LOSSES. This is why NONE of the portfolio lenders worked for me. They said once I'm showing positive again (I will for 2011) they will work with me. (I made a TON of connections on the portfolio lender front!)

-If you've sold an asset (land in my case) that was negative cash flowing as part of your restructuring, it doesn't matter if you've sold it at the very beginning of the year and no longer have the expenses associated with for the year. If its NOT reflecting on the PRIOR year's tax return, the bank says you still have the expenses even with the HUD1, PA, and deed showing you no longer own it. Shocked

-Even though I have almost $2200/mo in profits from rentals per month now, the bank only counted $400/mo of that because they assume that, even though I do this for a living and am a professional at it, I should have results like they do when they attempt to rent out properties. Jawdropping!

-DTI ratios are different by every lenders standards. DTI ratios for modifications we pass with flying colors (I did a little EXPERIMENT....) but, for the same bank that says 'we can't modify your loan because your DTI ratios are fine', when you go for a refinance, all of a sudden your DTI ratios are 'way off!!!'

-ONE individual person in the underwriting department has your fate in their hands. They can reject the loan for ANY reason; even if 4 other underwriters have given it the go ahead... Sad

I'll post in a separate post the rest. Shocked


Conrats Tam

Long time

Keep up the great work


Hey Elix and continuing with a NEW JOURNAL. (LINK BELOW)!

So nice to 'see' you! I miss your journal, it was always so entertaining to read! HOpe you are doing well and making a lot of deals happen!

Well, I've decided to 'archive' this journal and have started a new one here: http://www.deangraziosi.com/real-estate-forums/investing-journals/99510/... to reflect the new direction I'm taking in wholesaling. I am also going to focus on more out of state deals and am building my team in another area right now that has shown a lot of employment growth. Laughing out loud This journal kind of lost its pizzazz, and its a new year! All the best,

It is CERTAIN I will SUCCEED! Laughing out loud


My video is up.

Just in case you still follow this journal, here is the link to my video for 2011. (Recorded March/April 2011) http://www.deansmedia.com/play.php?vid=243


Tammy

I tried to watch your video but it kept cutting off on me at :51. Sad

Karen

__________________

"You're never too old to be what you were meant to be!"

www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...

"Shining Like a Star & Dancing on Sunshine"

"Shoot for the moon! Even if you fall short, you'll still land among the stars!"


Video Karen

Karen, Hmm.... maybe the DG server was overloaded? I just tried it and it worked. Thanks for trying to watch it. Hope you are doing good and have some deals in the works!


I'm also in Los angeles California

Hello Tammy, i really enjoyed your story and it has really given more courage to go for it. I'm currently waiting on my "EDGE" and as soon as i get it, i will be equipped with more tolls to getting the job done! It's really great to finally know that somebody like you is getting the job done in California. Wow, that just great! I'm in west side LA myself and i'm more than ready now!

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"Prosperity is Inevitable, Wisdom is Everything"