Reat to Own Deal Closed 2/5/14 = $3760

Dan Early you asked about LLC. I do not have one, so far I've haven't had a need for one, but I don't know about the future. I will check with my Lawyer when that time comes, you should do the same, he's the one that will have to keep you out of trouble.

Anytime you have a question for me on rehab or anything else for that matter just PM or post it I will respond as quickly as possible.

Jim Kendrick

- Yesterday

KNOWLEDGE =
- Finished reading chapter #9 Be a Real Estate Millionaire.
- I spoke to a agent that explained how buyer rebates work and how if you ask for a buyer rebate up front from a agent you may be able to get it (1% of sale price, in Ga. not sure about other states). Also, some agents can not or there broker will not allow them to give rebates.

ACTION =
- Typed and improved my letter to cash buyers (if anyone reading this has experience/success with letters to cash buyers to build a buyrers list please post a helpful comment). I will post my letter, see next subject/comment below.
- I went to 2 properties that I located where cash buyers had just purchased and put my letter in their mailboxes (1 home was being rehabed but no one was on property).
- I mailed 2 letters to cash buyers on homes they had just purchased.
- I researched 3 homes for cash buyer #1.
- I spoke to cash buyer #1 and he gave me addresses of a couple of townhomes to check out for him (he is illgally blind and has had a different person helping him in the past) It is because of Dean's books that I reconnected with him (I was a loan officer on a purchase of his in 1996).
- I returned a called from a lady who wants to lease Purchase. Said she has 3k to 5k downpayment.

Favorite 2 Quotes from yesterday - "Action may not always bring happiness, but there is no happieness without action". - Benjamin Disreli
"If you really want to overcome your fear of success, take action. You can never fail until you stop trying". - Dean

Hello property owner of

My research shows you just purchased this property for ________ at ______% of original list price.
If you want to buy additional properties at a deep discount I can help you.

Please contact me @ a (my email address here) or call/text me ____________.

I help investors / buyers locate properties. I use many different methods to locate, contract, market and sell homes 9not just FMLS and MLS).
Not only do I locate great deals (and pass these deals on to investors) but I also create great deals. I do this through structuring of offers, creative financing, moratorium of payments, creating notes, negotiating REO’s, short sales, estate sales and various other techniques.

Please contact me @ (my email address here) or call/text me ______________.

- Yesterday

KNOWLEDGE =
- Started reading chapter #10 in Be a Real estate Millionaire.
- Read some forum topics and posted a question under Marketing section.

ACTION =
- Got info. on 4 townhomes for a cash buyer.
- Called a real estate agent to get info. on a foreclosure.
- Found 10 more homes that were paid for with cash in my area in the last 60 days.
- Called cash buyer to discuss 4 townhomes.

Favorite Quote from yesterday - "Is what I'm bringing me closer to my goals or taking me further away from my goals?" - Dean

All in all you are moving ahead at a good pace. You seem to be very organized in all your daily RE tasks.

Just wanted to stop by and wish you much success in your new future. Keep up the hard work. It will pay off...Jan

Thank you for the encouragement. Jan if you see anything or have any thoughts on my progress please post, I would be most grateful. I admire your experience and knowledge.

Best Wishes!

How did you start with now money? And how did you use other peoples money. Headsup please. I am just starting out and have children to take care of, but having a rough time. How did you do it?

Following your post. I like how you you list your knowledge and action for every day. I try to do something in real estate knowledge and action everyday. But you put it in writing helps make it real to you. I will take a lesson in that and try to do the same everyday. Thanks
I am new also to the game and trying to get my first deal. I will be watching your post with excitement for you. Keep up the good work.
Donna

Following your post. I like how you you list your knowledge and action for every day. I try to do something in real estate knowledge and action everyday. But you put it in writing helps make it real to you. I will take a lesson in that and try to do the same everyday. Thanks
I am new also to the game and trying to get my first deal. I will be watching your post with excitement for you. Keep up the good work.
Donna

SSY - I have not done it yet. Well, I have bought 3 properties many years ago with very little money. 1- I did a lease purchase with $480 down and $480 a month (never purchased that one), 2-$1,000 down and monthly until I bought (I bought that one and used it as a rental for many years then sold for a nice profit 3)- bought for #360 down from a company that sold starter homes. So the 2 techniques I am trying to use today are Lease purchase and assignments.

Donna - Thank you for the encouragement. I wish you well too. As Dean says "success is not a destination it is a process" and to write it helps me to see my progress to success. You can do it if you gain the knowledge and take action.

Besh Wishes!

- Yesterday

KNOWLEDGE =
- Finished reading chapter #10 Be a Real estate Millionaire.

ACTION =
- Researched 4 properties for a cash buyer.
- Found 7 homes that were purchased with cash, in my area & had closed in my area within the last 60 days.
- Put together 15 envelopes/letters for cash buyers.

Favorite Quote from yesterday - "Make a list of the ten most important tasks you need to accomplish every day. Then do them". - Dean (a productivity tip from a consultant to Charles Schwab).

For today the only person's success that I need to worry about is mine.

KNOWLEDGE + ACTION = SUCCESS!

You are moving just fine. Keep up the great work and organization. It may take a little time as I am sure you are aware of, but it is coming for you.

NEVER EVER GIVE UP, AS I AM SURE YOU WON'T...Jan

Hey Jan, thank you so much for your comment/inspiration. Yep, "never give up" I will be repeating that over and over. I appreciate you.

Best Wishes!

- Yesterday

KNOWLEDGE =
- I started reading chapter #11 - Be a Real Estate Millionaire.

Action =
- I mailed 5 letters to cash buyers (that bought homes in my area in the last 60 days).
- I went to 2 properties to look for any rehab and dropped off 2 letters for the cash buyers.
- I researched 4 properties that cash buyer #1 gave me to gather info on (all 4 were at markert value), so I told him I will locate a property for you.
- I found 1 forclosure for sale at 50% FMV and called cash buyer #1 to discuss.
- I signed papers and moved my real estate license to a company that is investor friendly. Also, they allow me to set/reduce/negotiate my commision. I made this move specifically so my investing goals will be in harmony with my real estate work. No longer woirking a companies plan now, working mine.

Favorite Quote(s)yesterday -
"NEVER GIVE UP, AS I AM SURE YOU WON"T" - Jan Malek (see comment/post above)
"The trouble with not having a goal is that you can spend your life running up and down the field and never score" - Bill Copeland (P.136 Be a Real estate Millionaire)

30 Day Goal - I will earn $2,500 on a LP, Assignment or Sale on or before Jan 14th 2011.

awesome job and keep taking action every day no matter how big or small and you will keep climbing the ladder day by day.it is amazing how each day brings you one step closer to your dreams and aspirations !! what is great about our journal is to look back to the beginning and see how you/we accomplish daily goals that build upon one another to inject confidence into ourselves to be determined to move forward with bigger better and more persistance !!!!
keep up your motivation and learning attitude and dont stop TAKING ACTION ...you are on the right path now focus !!!!!
AWESOME JOB DAN

jay

Hey Jay, that was a great way to start my morning reading your comment, inspiration to me. Thank you very much. I am grateful you took the time. Your Journal was very inspirational to me and I am a fan of your success and journal, keep going up Jay. Thank you!

I will keep TAKING ACTION!

Best Wishes!

- Yesterday

KNOWLEDGE =
- Finished reading chapter #12 - Be a Real Estate Millionaire.

ACTION =
- Mailed 3 marketing letters to cash buyers.
- Visited/checked out a foreclosure for my cash buyer #1.
- Called to discuss property with cash buyer.
- Searched for a match for a IEE buyer.
- Called one IEE buyer.

Favorite Quote(s) yesterday -
"keep up your motivation and learning attitude and don't stop TAKING ACTION you are on the right path now focus!!!!!" - Jay

"The key to reaching any goal is to create a series of mini-goals that you know you can achieve" - Dean

30 day goal - I will earn $2500 on LP, assignment or sales by Jan.14 2011(29).

Dan,

You're doing great. Lot's of good, effective activity. Doing lot's of things that will add to your experience and skill set for REI. I predict that you will be very successful!

Keep up with my progress at http://www.deangraziosi.com/real-estate-forums/investing-journals/35914/...

I would appreciate your prayers that my 2 properties would sell quickly. I'm praying that I will get contracts on them in December.

Rick

Thought I would drop in to let you know I have been following your journal and am VERY impressed!!!

Many of us new investors can take a good lesson from you with your structure, organization, follow-through, and obvious discipline that you apply daily.

Keep up the great work and we will be watching for your success story VERY SOON!

Thank you both and the best to you to as well.
Rick while reading your journal I saw that you too would do just fine to start with a few thousand on a deal. Good for you, start then grow. I will go bacck soon and check on your recent progress.

John, thank you I hope my idea about structure would be helpful to others as well as myself. You see, I have started REI in the past (on and off for years) I would start then stop. I have even bought 3 homes through creative financing in the past (long time ago). I made money on one, gave one back and learned lots on the 3rd one. This time I am committed to continiously TAKE ACTION.

Some of what I have learned recently/ this time around is I have to continiously TAKE ACTION as well as grow and learn. The learning each day keeps me focused and motivated. Also, just became aware for me I have to have goals and write offers. If you are not writing offers you can not make any money (just heard that again on from one of the coaches on The Edge 2010.

Another reason for the journal is that when I do start making money others can have a map to follow. At this time I am kinda fishing trying a little of this and a little of that. Once I find my area/nich I will then stick with that technique for the most part.

Thank you again guys. If you want anything just ask or PM me and if I can I will explain or help you.

Best Wishes!

KNOWLEDGE + ACTION = SUCCESS

- yesterday

KNOWLEDGE =
- Watched Dean on disc #3 of The Edge 2010.
- Watched part of Nathan Street's section on Hard Money & No seasoning refi's.
- Started re-reading chapter #11 goals in - Be a Real Estate Millionaire.(Started reviewing my goals in that chapter and started really imagining how I will feel after my first deal, as well as started really thinking and getting excited about my goals).

ACTION =
- Made 1 bandit sign (I know only 1, well that is all that I made time for and my new mind set is do something. Before I would think well I do not have time to make 10 so why make any?) WARNING FREE ADVISE AHEAD - Do not do nothing, like I did for so long. If you do nothing like I did/use to do you get nothing accomplished .
- Wrote 2 low offers on a property for cash buyer #1.
- Found 2 homes to check on for a IEE buyer.
- Spoke to buyer she said she is still interested and wants to see a home.

Favorite Quote from yesterday - "If you are not making offers on property you can not make any money" - Sucess Coach on The Edge 2010 ( sorry for not have the name I will get it a post/edit next time I watch some of The Edge 2010).

Keep TAKING ACTION + gaining KNOWLEDGE to = SUCCESS!

Besh Wishes!

Dan I see you are still moving wright along, that's great keep up the good work.

I noticed a pattern here with you mailing letters to prospective buyers. Have you tried just a cold call to them to break the ice. I feel letters are so informal. It is just my 2 cents, but something for you to think about. That personal touch and a voice might be of help to you. Again, just my thoughts...Jan

Thank you for your idea.
These are buyers that I have found by having a sold property list pulled from FMLS. The properties have just been purchased with cash. They have not yet reached the tax office / been recorded so at this point I do have have the owners name. I only have they address, sold amount, list price days on market. I could pull older sold homes and get the tax information with the names. But not sure how to get the phone number afterwards? I have gone to a few homes and found dumpsters in driveways for rehabing, I just have not found anyone on site as of yet.

Thank you Jan and if I missed a step or you have any have any other direction please continue to post comments they are appreciated. If I may ask, how did you first start to get cash buyers on your cash buyers list?

Thank you very much and Best Wishes.

Thank you for checking to see that I am TAKING ACTION.

Jim, I appreciate your support.

Best Wishes!

- yesterday

KNOWLEDGE =
- Started reading chapter #12 in Be A Real Estate Millionaire.

ACTION =
- Mailed 1 Cash buyer letter.
- Searched CL for properties for a IEE buyer.
- Called 1 investor that has owner occupied properties for sale. He gave me his list of homes. I do have a IEE buyer that is looking for a home simular to a few of his. He only wants $2,500 down then $900 a month.
- Called 3 IEE buyers to discuss properties
- Called 1 renter to discuss rentals.

Favorite Quote Yesterday - "Can owning a rental property be challenging? Of course, but anything that can reward you with such big dividens is always challenging". - Dean

30 day goal-I will earn $2,500 on LP, assignment or sales by Jan14th 2011(27).

like dean said in his book u can post it in ur local newspaper,dean said the HEADLINE get alot of peoples attention u can try that also.hope it helps have fun!!

That clears things up, I must have missed a step.
We use Craiglist to find most of our buyers and we network through our local REI club where the exposure is priceless. I also drop my business cards off every where I go. I have even had people come to my house and ask me about houses for sale. Jeremy and I concentrate on buy and holds with owner financing, so we don't use our buyers list that much although we have just looked at a flip deal so our list will come in handy. In time your name will get out there and you will build your list, it just takes a little time. With your knack for being well organized you will have more buyers than you know what to do with. You are doing great, just keep the momentum going...Jan

One tip that I picked up on Chris Brindamour's journal that I am planning to use--call contractor's and ask them if they work with investors on rehabbing and ask for a couple of investor references. Voila! Investor names and phone numbers you can call and ask if they would like to be added to your buyer's list.

OK Dan, here's some more KNOWLEDGE reading for you on building buyer's lists.

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

http://www.deangraziosi.com/real-estate-forums/real-estate-news/63571/bu...

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

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

Like you, I love quotes. Here is one I found recently that I like a lot:

"Until the pain of remaining the same hurts more than the pain of change, most people would prefer to remain the same." Richard Dobbins

Karen

Jan, thank you for telling me what you do. That is great and I appreciate it. Craigslist and REI clubs. I did locate a REI club in my area a few weeks ago. I have not posted on craigslist as of yet.

Karen, Thank you so much for the links you are very sweet and thank you for your help and time.

Thank you both so much for the encouragement, it is priceless.

Best Wishes to all!

- yesterday

KNOWLEDGE =
- Finished reading chapter #12 - Be a Real Estate Millionaire.
- Wrote my next year and 2 to 5 year out goals on P. 147 Be a Real Estate Millionaire. (Writing your goals is knowledge that will lead to action).

ACTION =
- Researched one foreclosure.
- Called 4 buyers to discuss properties.
- Emailed one renter info. on a home.
- Called a guy that sold a business awhile back for 175k to see if he would be a possible cash buyer/interested in buying.

Favorite Quote Yesterday - "My best definition of a real estate investor is someone who is open minded, not afraid to go for it, knows personalities and people, isn't affraid to ask and makes things happen". - Dean

30 Day goal-I will earn $2500 on LP, assignment or sales by Jan14th 2011(26)