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

- Yesterday

KNOWLRDGE =
- Starting reading chapter #13 - Be a Real estate Millionaire.

ACTION =
- Wrote down my top 10 people that looking to buy a property soon (By doing this I have them all on one piece of paper with names and phone #'s and I can carry them around with me).
- Recieved a call back from a potiential cash buyer. We discussed doing deals in more detail than yesterday (this guy is a maybe, but it will be good because he will not require deep discounts like experienced REI).
- Got info. from a mortgage broker (that did the loan on my residence years ago) about no seasoning refiances (he has 6 month seasoning but is going to look for no seasoning loan for me this week).
- Called one buyer on my list to discuss homes.

Favorite Quote from yesterday - "If you don't have any money, that doesn't mean you can't start investing in real estate". - Dean

30 Day goal-I will earn $2500 on a LP, assignment or sales by Jan14th 2011(25)

- Yestaerday

KNOWLEDGE =
- Finished reading chapter #13 and started reading chapter #14 - Be a Real Estate Millionaire.

ACTION =
- Called 3 buyers from my buyer list to discuss homes and check their status.
- Offer a written proposal to a potiential cash buyer (in black and white like Dean said, it is easier to sell/discuss).
- Called 1 We Buy Houses sign to see what they are looking to buy/birddog for.

Favorite Quote from yesterday - "Believe it or not, you can buy real estate without spending any of your own money, and I'm going to show you how". - Dean

30 Day goal-I will earn $2500 on a LP, assignment or sales by Jan14th 2011(24)

- Yesterday

KNOWLDGE =
- Continued reading chapter #14 - Be a Real Estate Millionaire.

ACTION =
- Had 1 bandit sign call in.
- Returned 1 bandit sign call.
- Started a list of potiential private money people.
- Spoke to a Mortgage Broker and got all the details on his no seasoning investor loans. He has 75% LTV with 6 months seasoning. But, he can do 90 day seasoning if they REI buys using a private money lender/note. Thats a good starting point.
- Called back one buyer that I am trying to find a house for.

Favorite Quote(s) from Yesterday - "The most important thing to remember about being creative with financing is that you must never be afraid to ask!"
- "Just remember, don't assume that someone will not accept what you offer and don't be afraid to ask" - Dean and Dean

Ok that is big for me. I must read that over and over. As I heard a gentalman say on The Edge once, all they can say is no they can not eat me.

30 Day goal- I will earn $2500on a LO, assignment or sales by Jan14th 2011(23)

Keep up the focused mindset of learning. And taking rei action every day! !! I admire your efforts.great job. Jay

Hey Jay,

Thank you very much I am grateful for your support. I really do appreciate you.

Best Wishes!

- Yesterday

KNOWLEDGE =
- Finished reading chapter #14 Be a Real Estate Millionaire.

ACTION =
- Spoke to one Lender about their investor loans (As of 12/21/10) First Option Mtg. = 75% LTV with 6 mo. seasoning).
- Got set up on a expired listing email notification system (emails me when any home in my area listing expires.
- Meet with a lady who had just lost her home to Foreclosure. She wants to rent a home within the next 2 weeks, she has to be within a certain sch. dist.

Favorite Quote from Yesterday - "The secret to real estate investingis to research a piece of property completely, determine the cycle you are in, and deciding which strategy to use". - Dean

30 Day goal-I will earn $2500 on a LO, assignment or sales by Jan14th 2011(22)

Thank you for putting up this forum I will apply a few of these techniques myself.

Thank you kb1270, Hope it helps, inspires etc.

Best Wishes and TAKE ACTION!

- Yesterday

KNOWLEDGE =
- Started reading chapter #15 in Be a Real Estate Millionaire.

ACTION =
- Spoke to a Branch Manager at Wells Fargo about no seasoning investor loans. As of 12/22/2010 80% LTV, 6 month seasoning using aquisition cost and cost of improvements, or 1 year seasoning using appraised value.
- Added one more city to the expired listing search.
- Went to look at one rental that was also for sale.

Favorite Quote from yesterday - "Landlords grow rich in their sleep" - John Stuart Mill

30 Day Goal-I will earn $2500 on a LO, assignment or sales by Jan14th 2011(21)

- Yesterday

KNOWLEDGE =
- Finished watching Nathan Street on The Edge 2010.
- Started watching Drew on The Edge 2010.

ACTION =
- Did a property searched for estate owned homes (I found 3 through FMLS).
- I added 3 potiential cash buyers to my list (I did this bt going through my phone list and some past client files).
- Made 10 Flyers with pull tabs.
- Put my new potiential private money people in my Buyer/Cash Buyers/Bandit Sign Callers and now potiential Private Money People in notebook.

Favorite Quote(s) from yesterday - Refering to LOCKING UP DEALS WITH ASSIGNMENTS P.207 Be a Real Estate Millionaire
"This can still make you a fortune without risking anything and helping the seller get his or her property sold faster" - Dean
"Why not go out there in the next week or so and practice?" - Dean P.211

30 Day Goal-I will earn $2500 on a LO, assignmnet or sales by Jan14th 2010(20)

Merry Christmas and the Happiest of New Years!

Karen

Merry Christmas!

- Yesterday

KNOWLEDGE =
- Re-read in Be a Real Estate Millionaire -LOCKING UP DEALS WITH ASSIGNMENTS.
- Re-read in Profit From Real Estate Right Now - Carol Stinsons success story.
- Re-read Anita W.'s Success story (LO's).

ACTION =
- Put out 1 flyer, (pull tab) in my local grocery store.
- Changed 2 bandit signs. One was not getting any calls ("Can Not Sell , Call Today) and one gets many calls Rent to Own 3/2 Low Down, Low Monthy. So I took down the Can Not sell and put a Rent to Own in its place.

Favorite Quote from Yesterday - "Just do it. Stop procrastinating. You've been waiting this long and if your still broke today you will be tomorrow. You don't need to wait because you don't have any money! That is the whole point-to make money!" - Anita W. P.175 Profit from Real Estate Right Now.

30 Day Goal-I will earn $2500 on a LO, assignment or sales by Jan14th 2011(19)

My name is Isabel. Me and my husband will be going to the three day woekshop and can't wait to get started. I can see you are very organized, definitely you will keep us motivated to begin and set our goals to the 2011 year. Please keep posting it gives us an idea on the direction I will need to take. Thanks Isabel

Thank you Isabel,

What 3 day workshop are you going to?
Thank you for the thank you .

Best Wishes!

I know yesterday day was Christmas. I was truely blessed to have a wonderful Christmas with my Wife, son, daughter, parents, brother and his family. It snowed here, just a little north and west of Atlanta (that was special for all the children). I did add to my KNOWLEDGE and took a some ACTION yesterday. Not alot about 30 minutes. It is not work for me it is becomeing my new passion and area of excitement in my life (I have not had much passion or been excited about alot, except family for too long). I had gotten off track for many years and about 14 months ago I started to get back loving and living life. I usually do not input much in my journal except REI stuff. My reason for that is that this journal is for me to stay accountable and to help others with REI information and to show how I did it. I will be helping others to see that they can too do it by showing exactly how I did it. I too have 2 jobs (a part time job that is humbeling to say the least) and I must provide more for my family.

Please remember life is about the journey not the destination, so have fun, be kind and loving to all on your way to were you are going. I truly wish all the best.

- Yesterday

KNOWLEDGE =
- Be a Real Estate Millionaire - Re-read again Locking up deals on assignments (P.207) and Conclusion on P.211
- Profit from Real Estate now - Re-read Carol Stinson success story (p.169).
and Anita W. success story (P.172).
{I am focusing on assignments and Lease Options so these pages are key} I will read them over and over.

ACTION =
- Researched a Estate sale home on line. Found out that the home is going to sale 1/4/2011. I believe that there is a investor that would be interested in the property prior to sale.
(Exactly how I located the estate sale home was by going to FMLS and selecting under special curcumstances Estate Sale. I currently have 7 in the city I live in Powder Springs Ga.). If you are not a agent, get one and they can pull a list for you.

*If you live in Ga. post a note and I will pull a list for you.

Favorite Quote(s) from yesterday - "One of Dean's techniques is simply to listen to people". and " Another thing that Dean will teach you over and over is DO NOT BE AFRAID TO ASK". - Anita W. P.173 Profit from Real Estate Right Now.

KNOWLEDGE + ACTION = RESULTS

I am glad that you had a wonderful Christmas with your family. I always enjoy your posts and what you get done toward your RE goal every day but it was nice to read the personal bit about you too.

I could relate to what you said about passion and excitement for life having been dormant for a while (except for family).
I think that maybe that is why when I find something that does excite me, like RE, I become obsessed with it! We need to have passion and excitement in life. Its what makes it all worthwhile. Makes us want to get up in the mornings.

I also like how you post the page numbers when you refer to certain sections. That way if we think, "Oh, I need to go back and reread that, too" it makes it much easier to find.

Nice that you got a little snow for Christmas. Christmas was the only time I ever enjoyed snow when I lived back East. It always seems a little odd here (southern CA) at Christmastime and not quite the same when it is in the 60s, 70s or even 80s.

I truly feel in my heart that 2011 is going to be much different for many of us, thanks to Dean and one another, the DG family. Having this passion and acting on it, we will be richer, not only financially, but in our minds and hearts.

Here's to a Happy New Year! Salut!

Karen

We will be going to the Insider's Edge Real Estate Workshop this next 28,29, and 30 of December. I will post after the workshop what happen.

Take care...

I really enjoyed reading your post about the great Christmas you had with your family.

I too, had a wonderful Christmas. My "estranged" daughter vistited for most of the day (along with other family) and it was almost like old times. Brought lots of joy to my heart, catching up for lost time.

It snowed here, also and was beautiful. I live just east of Birmingham. I can't remember the last time it snowed on Christmas.

Love reading your journal and admire your dedication. Keep up the good work and 2011 will be a wonderful year for you!

Karen, Thank you, yep passion and exceitment is a must. We are created that way so good to get back closer to my creator . Thank you for the page feedback. I will continue to do that. Hoped it would help.

Masseur, Thank you for your reply.

Isabel, Thank you for telling me about your workshop. I can not wait to hear how great it was. That should be a wonderful experience.

John, Great to her about your daughter and other family, priceless. Yep, the snow was great. I am 49, (for a few more weeks) grew up in Ga. so it was a 1st for me. The news said it has been 128 years since we had accumulation here. So glad to hear about your daughter.

Thank you all for the posts/inspiration.

Besh Wishes!

Get some more KNOWLEDGE and take some ACTION today, there are some people out there that need our help today!

-Dan

- Yesterday

KNOWLEDGE =
-Started reading chapter #16 - Be a Real Estate Millionaire.

ACTION =
- Searched for Estate Sales in a near by city (FMLS).
- Searched expired listings in my area.
- Called one listing agent and asked about cost to catch up back payments and the monthly amount of payments.

Favorite Quote from yesterday - "It is our failures that we base a new and different and better success." - Havelock Ellis

30 Day Goal-I will earn $2500 on a LO, assignment or sales by Jan14th 2011(17)

- Yesterday

KNOWLEDGE =
- Finished reading chapter #16 - Be a Real Estate Millionaire.

ACTION =
- Registered with HUD and looked at some HUD homes online.
- Posted my 1st craigslist ad (kinda funny afterwards I thought that is not a very good ad. Then I remembered telling my 7 year old daughter just the day before that I thought her 1st drawing of a kitty cat was very good and explained that her cats will get better the 2nd and 3rd time that she draws them). Being a dad is a wonderful thing .
- Found a estate sale home. Researched it though online tax records and found that it is free and clear. Called the listing agent to ask about a LO, he said he would check with the 9 sells (yep 9). 9 family members were heirs to the estate. I should hear back from him today.
- Called back 1 IEE buyer set a appt. to meet with her Wed. afternoon.

Favorite Quote from yesterday - "Through experience (and numerous offers directly to HUD), they developed a formula where they would offer 90.8% of HUD's asking price." - Dean P.220 Be a Real Estate Millionaire.
* I recently sat in a HUD class and the instructor did say that it was his experience that HUD would accept offers over 86% (12/10 Cobb County outside Atlanta Ga.)

30 Day Goal-I will earn $2500 on a LO, assignmnet or sales by Jan14th 2011(16)

- Yesterday

KNOWLEDGE =
- Watched Drew on The Edge 2010
- Started reading chapter #16 - Be a Real Estate Millionaire.

ACTION =
- Went to look at 2 Foreclosures.
- Picked up 2 old bandit signs that needed some repairs.
- Called one renter out of CL. asked if she would sell she said yes but was not sure if she could. I got the address (house is vacant) and said I would call her back.
- Confirmed appt. for Wed. with a IEE buyer.

Favorite Quote from yesterday - "I would rather be the person that does everything and knows nothing - than the person that knows everything and does nothing". - From Drews presentation on his screen during at The Edge 2010.
* That was good for me to hear.

30 Day Goal-I will earn $2500 on a LO,assignment or sales by Jan14th 2011(15)

* Keep gaining KNOWLEDGE and taking ACTION and you will get RESULTS = SUCCESS!
- You Do It and Do Not Be Afraid To Ask!

- Yesterday

KNOWLEDGE =
- Watched Carol Stinson's session on The Edge 2010.

ACTION =
- 10:00 appt. with buyer went bust. I called 1 hour prior to appt. her phone was full and no returned call. I continue to follow up.
* So I (got out my new bottle of Duck oil a little joke, just going to let the no show roll off my back and keep moving forward, that is new for me!) decided no problem and I filled that time with more REI work. I went to Carol Stinson's website realwholesaling.com to check it out. Went to a link myhousedeals.com = wholesale homes for sale. I found 2 in my area that look promising. I first checked out the numbers, neighborhood solds and active listings. One looked real good and the other ok. I drove to both to see them. One is listed and the other is available 1/3/2011 with a management co. More info. to follow.
- Called back the cash buy that I had written to offers for. He said he had had an emergency and had gone out of town and that is why he never forwrded the earnest money to me (the offers just sat. on my desk without earnest money to submitt the offers). = More Duck oil. No problem, still mantained my relationship with him (and I now know to use caution with him) and I can send him more deals to potientially partner with. Also, I got his hard money guys contact info. .
- Call another potiential cash buyer and he said he and his partner will call me today from the airport?
* Update concerning letters to cash buyer. - A few weeks ago I had mailed 15 letters to cash buyers who had purchased homes within the past 2 months with cash. They all came back due to the homes being vacant. Just FYI. No problem, insert Dusk Oil Here (lol). I will keep the letters in my car and when I am close to one of the homes I will stop by and try to find the buyer.
* I took the day off yesterday from my job and my part time job. I learned a little and was blessed to see the glass was half full yesterday. In the not so distant past I could have easily been derailed by the 10:00 appt. no show and for that I am most grateful.
** Long journal today = I had some experiences to share and hopefully it was helpful to you as it was to me.

Favorite Quote from yesterday - "I have never used any of my own money even now that I have some" - Carol Stinson

30 Day Goal-I will earn $2500 on a LO,assignment or sales by Jan14th2011(15)

I like your attitude and the Duck Oil analogy. The glass ALWAYS has to be half full! If not, that means we have given up.

I don't know if you've heard of this "acronym" from Dean, but it's one that I've personally adopted:

PUSH = Persevere Until Something Happens

Yep, The Duck Oil is new for me. I like the PUSH! I will remember that.
Thank you for the postive post. You hang in their and keep going too. If we keep TAKING ACTION then someday neither one of use will be working in any type of service capacity.

as always Best Wishes!

- Yesterday

KNOWLEDGE =
- Finished reading chapter #17 - Be a Real Estate Millionaire.

ACTION =
- Made 1 bandit sign
- Searched for expired estate sales in FMLS.
- call 1 cash buyer to discuss buying homes and a 90 day seasoning investor loan I found (still looking for no seasoning, cashout, investor loan at 75% to 80% LTV.
- Searched for homes on myhousedeals.com

Favorite Quote from yesterday - "to teach you to keep an open mind, think outside the box, take a chance, and make things happen." - Dean P.234

30 day Goal I-will earn $2500 by LO,assignment or sales by Jan14th 2011(15).

- Yesterday

KNOWLEDGE =
- Started reading chapter #18 - Be a Real Estate Millionaire.

ACTION =
- Spent some time discussing various properties with one cash buyers.
- Reviewed tax records on smae home.
- Did new property searches for homes <50k in my area.
- Researched a home on myhomedeals.com - (It was advertised at 29k on Thur. and Fri. it shows up on FMLS for 19k. It still shows up on myhomedeals.com and gives the sellers name and phone number?????

Favorite Quote from yesterday - "This isn't luck. It's about understanding what is possible, knowing how to do it, and taking acton." - Dean

30Day Goal- I will earn $2500 by LO,assignment or sales by Jan14th 2011(14).

- Yesterday

KNOWLEDGE =
- Finished reading chapter #18.
- Then I finished chapters 19 & 20 = Finished the book - Be a Real Estate Millionaire.
- Started re-reading Profit From Real Estate Right Now. I read the introduction and started on chapter #1. Then I re-read Carol Stinson's success story P.169 & 170 and read Anita W. success story on pages 172 -174. I am focusing more on one techinque and getting closer to cash results from continiously gaining KNOWLEDGE and ACTION (thank you Jay for reminding me to focus). This has helpfed me to narrow down the REI work and goes hand in hand with picking one or two stratigies and working them. Now that I finished both books I will continue to read them for motivation and ya ha type thoughts.

ACTION =
- Called back cash buyer and gave him 2 leads on properties that I found (these are REO's, I do not have cash buyer that will partner with me yet. I have a few cash buyers I can assign to but, I am not able to assign reo's. I do not have the funds to purchase and I have not yet been pre-approved for a investor purchase, awaiting on my 2010 W-2 and my 2010 1099's. My credit is excellent I just need the income info. and I should be good to go for small purchases).
- I am his selling agent and then the listing agent when he sells. This is my plan B on REO's until I get a cash buyer that will let me partner with him or until I can purchase myself.
- I wrote down the exact activities to do to in my REI work.
- I wrote down the steps to work to complete a assignment deal (copied from P.169 and 170 what Carol Stinson did to get her first assignment).

Favorite Quotes from yesterday -
- "change your thoughts change your life"
- "In my world nothing ever goes wrong" - refering to divine purpose!
- "The only thing you can do with your life is give it away" - being of service to others
- "Never under estimate the power to change yourself and
never overestimate your power to change others"
- "when you correct your mind everything else will fall in place"
- "all that we are is a result of our thought"
- All Quotes I heard from listening to - Dr. Wayne Dyer (google him, it may change your life).

Just got caught up on your progress. I have been out in the badlands of REI for the last few days, so I am getting caught up on posts, emails, etc.
I did want to ask how you are doing with bank financing and or private money, which are two areas that will need attention as you move ahead. I am quite sure with your organization that you are on top of it.
It is funny how addicting this site is. I have been here for over 21/2 years now and it is just as exciting as when I first started. So many things have happened for Jeremy and I and mainly because of this site. But you will read about us when you start reading Your Town, Your real estate profits.
I hope you had a Great Christmas with your family and I also send you best wishes for a great 2011...Jan

Thank you for the check up. Greatly appreciated.
As far as bank financing goes I am waiting on last years w-2 and 1099's. Then I am going to see were I am $ amount wise. I have very good credit at this time high seven hundreds. I have started checking on No seasoning refi's. So far the best I have is 90 days after property has been recorded. Today I spoke to a gentalman that told me a little about his private money source and mentioned "I flip". He said he would email me the details. Glad you mentioned the book I will order it later this month. I am excited to read about your success.
I am very grateful that you took the time to check on me means alot thank you x 28!

If you have any info. on private money I would greatly appreciate it.
I appreciate your encouragement. Today was a good today to see a note from you. Your timeimg was right on.

Best Wishes and a Great 2011 to you and yours as well!