Commit to do what is required - Ty's Journal

I'm still reading and sending out ghost ads. Working to build a buyer's list.

Welcome to the DG family! I wish you great success in all that you do. You may have already looked at some of the posts on building your buyers list. Here's one in case you haven't seen it yet.

http://www.deangraziosi.com/real-estate-forums/marketing-buyers-and-sell...

Lea

Lea I thank you so much for that information. I just looked over the web page and got great information. I about to go to the HUD site now. Thanks again.

I began looking for agents. I have spoken with one, but hope to talk a others as I build confidence in my ability to get financing. I am still building a buyer's list as well.

Called my first "For Sale by Owner" today, didn't get much from it. I need to open him up more and get him talking. I'll look back over the training to put together better thoughts, so I can ask him a succession of questions. I really believe that I can get something from this owner and property. I'm going to call him again later today or this week.

I have began looking at a number of properties FSBO and FNMA foreclosures... Try to see how I can make offers on some that I like... Just want to see what happens. I will continue this and continue to build my Buyers List, Sellers List, and Investor List.

I have just started out as well. I am in the military right now, and I am getting the same feedback all the way up the chain that REI is not the way to go while in the military. I however, have family a member that invests in real estate and he is the most successful (money wise) out of everyone. I have reached out to other REI's in my area who are on this site, and they have given me great feedback. Good luck with your investing.

Hey M. Locroix,

Thanks for the feedback. I just read you message. By the way good luck to you too. Keep in touch, hopefully we all meet at the top. Hoorah!!!

I have dug up a lot of information, but still haven't gotten off of the pot. I will do it, I know I can. I keep trying to get things organized.

I am still in the match... I will complete my first deal soon. Still looking for the deals, but I'm not putting in the time that I should. I am still motivating myself until, I get my achievements to keep me motivated. I just needed to know that I am accomplishing the right things each day.

Ty

What state are you in? I am licensed in Ga. I am just starting again to make the change from broker to invester. Best wishes, you can do it.

dhilsman
Knowledge + Action = results.

Ty,

1. All places stationed, purchased worst house in best/good neighborhood.
2. Leased property upon departure.
3. Next location-repeat 1 & 2.....then repeat #3
He was a Major General and has aquired a very HEALTHY portfolio with the BAQ covering more than his expenses...and worth MORE than his pension would EVER be....WOW
If you can still take advantage of your Military/Va loans at LOW interest rates......use them.
Stay focused and you'll reach your goals.
The DG Family is here to HELP you and everyone else, so feel free to ask ???'s and WE will help.
Mike

Hello dhilsman,

Sorry to take so long to respond. I am in North Carolina now.

Ty

Thanks Mike, those are really great points. Wish I had a positive person early on...

Ty

This week and last week has been my best weeks thus far. I met an investor that buys property undergoing foreclosure. I met him at a DG Seminar last week on 1/12/2011. We met again in his office on Friday, 1/14/2011, he explained to me what he does. He mainly works with people undergoing foreclosures. He explained to me what he looks for, and showed me how it all worked. I contacted a prospective client that I met sometime earlier, who has been unsuccessfully trying to negotiate with his bank about his residence. The 3 of us met on Saturday 1/15 to discuss the client's situation.

We made plans to meet again on Monday 1/17, with a Real Estate listing agent. We had the realtor list the property and we prepared forms to tie the property to us. Additionally, we prepared forms to begin negotiations with his bank. The realtor told us that other homes being foreclosed in the client’s neighborhood were going for about $60K. She stated that 2 years ago these houses were selling for $170k to $200K.

Hopefully we will be able to negotiate that bank down to our $60K price. We are also in the process of lining up buyers for this property.

I picked up another Investor/Negotiator and another Realtor that works with investors. She just recently picked up some rental properties for herself, so this realtor understands investing

I will begin this week trying to look up old friends that still work for the bank. I am looking to see who in works in the area of property negotiation and settlement. I need to see who works in foreclosures and short sales. Maybe they can give some names of individuals about to undergo the foreclosure process. I will send them a card or letter.

TY

Continuing to learning and working so that I stay motivated. I am determined to make this succeed.

I attended a class last week and learned something that I never thought of... Why is rental real estate so good to have in your portfolio? Well, I'll tell you, it’s because rents almost never go down. Property values may go up and down, but rents grow steadily. This is one way to always boost your income.

Ty

Working on finding cash buyers/investors for properties that I have found. I have send out information to investors, and have compile my basic package, to tell and show them what I have.

Ty

Ty there are several ways to find cash buyers -

- real estate investment clubs
- online ads: Investors post ads "We Buy Houses", "Cash for Houses" etc.
- foreclosure auctions
- post bandit signs
- post ghost ads

Be very proactive about continuing to build your buyers list. Focus on your buyers needs and what they want and then find the properties.

Keep up the good work! You are doing great! Remember the persistence is the key!

Good Luck!