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

- Yesterday

KNOWLEDGE =
- Read some of How to Win Friends and Influence People (Helps with talking, selling and helping to understand buyers and sellers needs)
- Read some Journals and Posts.

ACTION =
- Set up buyer data base.
- Went to 2 foreclosed homes to see if I could sell/buy.
- Spoke to 2 DG's to see if we could help eachother.

Favorite Quote yesterday - "If you believe in yourself you can do what ever you wish." - Saje Dyer P. 96 in There is a Spritual Solution to Every Problem

Monthly Goal - I will have 2 new cash buyers by Feb. 29th 2011 (21).

- Yesterday

KNOWLEDGE =
- Went to a USDA class. The USDA guarantees loan in rural areas in Ga. They will allow up to 102% LTV / No PMI / Goverment backed Guarantee Rural Housing Loans in Ga. / 640 credit / zero cash to close. To check them out for yourself go to www.rurdev.usda.gov/ga/rhs.thm

ACTION =
- Called one credit Union looking for Cashout Refi money. Delta Credit Union here in Ga. - They want 12 months seasoning for cash out investor refi's. So my best is still Bryden Captial at 6 months seasoning.
- Picked up 1 bandit sign. Have not had a call on in for 2 weeks. I have a buyer from that sign 2 months ago but since I have not had a calll in weeks thought I would move in to another location.
- Spoke to one of my cash buyers. He is going to partner with me on a deal. he has a buyer at the end of March. i have to find the property and the hard/private money.
- Went to look at a Estate Sale home.

Favorite Quote yesterday - "You see, in the final analysis, it is all between you and God." - Mother Teresa of Calcutta. In There's a Spritual Solution to Every Problem.

Monthly Goal - I will have 2 new cash buyers by Feb. 29th 2011 (20).

- Yesterday

KNOWLEDGE =
- WOW, watched the 6 vidieos and voted for my favorite.
- Read some posts and journals.

ACTION =
- Went to look at one foreclosure.
- Spoke to one of my investors some more about how we are going to partner up with his buyer. He wants me to set up/find the hard money and the property and partner on the deal.

*Guess this a good place to put this to rest. Bitter sweet day today. About 3 months ago I found a property that was a deal. I called a friend that I had sold a home to in the past and told him about this deal. I got him to use his bank statement to tie up the deal since it was a REO. We were going to use the 10 day due diligence period to sell the home to a different investor. We were to split the profits 50 - 50. On about day 7 of the due diligence we had no investor and he could not and would not spend his 40k to buy the home. ($40,200 purchase price). So, I called another guy that I had sold a house to and told him I had put together a deal, we had it tied up and tried to sell it to him (Actually we were going to add him to the contract then after close my first buyer was going to quit claim the home to him). The new guy said I am not paying you 4k for this contract. So I asked him to partner with buyer #1 and together they would buy the home. I told them I get to sell it then we take you guys take the profit and lets repeat the process. I would be the buying and selling agent. He said ok. The bank did not want to add him to the contract but I talked them into it for them/the deal.
Here is the painful part. After I found the deal, put the deal together, found both buyers (each only had 25k to spend, 20k each to purchase then rehab money). Buyer #2 calls me up and tells me he is ****ed that I did not bring the deal to him 1st? Then he becomes is hard to nail down for the listing. After 11 calls and 20 days buyer #2 tells me he is cutting me out of the listing and has listed with another agent and he did not even get the buyer #1 to sign the listing. Well the deal closed yesterday and they sold for 67k minus about 4,500 commission and closing cost minus 6.5k rehab. 8k each profit. I found the deal, put it together twice and it closed. I made $844.20 as the selling agent ($40,200 x 3% divided by 70% old companies split). I would have been ok being the listing agent at 3% times 67K = $2,100 or 6% of 67k and $4,200.
The positive is I did it once I can do it again, The next time I will get paid. Buyer #1 is still my friend, buyer #2 is a liar and cheat and I told him so. Buyer #1 is looking to buy and maybe partner with me soon?
*This has not detered me in any way. I am taking it, growing from it and moving on.

Favorite Quote yesterday - "I like sandwich leases, they are easy ways to make money with out any of your own money"

Monthly Goal - I will have 2 new cash buyers by Feb 29th 2011(19).

- Yesterday

KNOWLEDGE =
- Went to a class on mining tax records for buyers and sellers. Also, learned how to get some cash buyers phone numbers from the tax records.
- Read some journals and posts.
- Read some of How to Win Friends and Influence People.

ACTION
- Called one cash investor to discuss homes.
- Worked on my data base.
- Called on Local Small bank looking and asked about NOO, cashout Refi, No Seasoning Loans. = Brand Bank - 12 months seasoning.

Favorite Yesterday - "Indeed, you must keep upper-most in your mind that it is never between you and them; it is between you and God." - Mother Meera
In Dr. Wayne Dyer TIASSTEP

Monthly Goal - I will have 2 new cash buyers by Feb. 29th 2011 (18).

- Yesterday

KNOWLEDGE =
- Read Journals posts and How to Win Friends and Influence people.

ACTION =
- Researched and found a foreclosure for my cash buyer #1 in story above.
- Set appt. to set foreclosure.
- Looked at one foreclosure.

Favorite Quote Yesterday - " It is the individual who is not interested in his fellow men who has the greatest difficulties in life and provides the greatest injury to others. It is from amoung such individuals that all human failure springs". - Alfread Adler

Monthly Goal - I will have 2 new cash buyers by Feb. 29th 2010 (17).

- Yesterday

KNOWLEDGE =
- Read some journals and a few posts.

ACTION =
- My cash buyer and I looked at the foreclosure i mentioned yesterday. Unfortunatly it is more of a rehab than either one of us thought we should take on. Rook, ceilings, bathroom, kithchen (Minus kitch countertops, the only good thing in the house), exterior siding etc.
- I looked up my 401k's to see about cashing them in to invest. 10k It is start.

Favorite Quote yesterday - "If you believe in yourself you can do whatever you wish." - Saja Dyer

Monthly goal - I will have 2 new cash buyers by Feb 29th 2011 (16).

- Yesterday

KNOWLEDGE =
- Read in How to Win Friends and Influence People.

ACTION =
- Went to look at 2 foreclosures.
- Went to look at one short sale home.
- Looking for the , 40k foreclosure for my cash buyer #1 and myself.

Favorite Quote yesterday - "If we want to make friends, lets greet people with animation and enthusiasm." - Dale Carnegie

Monthly Goal - I will have 2 new cash buyers by Feb 29th 2011 (15).

- Yesterday

KNOWLEDGE =
- Read in HTWFAIP

ACTION =
- Searched for and found a foreclosure for my cash buyer #1 and I.
- Forwarded cash buyer #1 the property and set appt. to go see it today.
- Called and spoke to 2 other cash buyers.
- One of the other cash buyers has his buyer ready and I started searching for homes to show her this weekend.
- The other cash buyer is on hold due to his wife is ill.

Favorite Qoute yesterday - "We are interested in others when they are interested in us." - Publilius Syru (He is a Famous Old Roman Poet)

Revised Monthly Goal- I will have 1 house under contract by Feb. 29 2011 (14).

Dale Carnegie has written two great books . How To Win Friends .. which you are reading now and the other is on dealing with worry. Both are excellent reads !!

You are focused and have timely goals set . You are on your way to success !!

Keep it up !

Randy Sherman
Elkton MD

I appreciate the kind words and encouragement.

I am also reading There is a Spritual Solution to Every Problem. That book may eliminate almost/most all worry from my life. It is a excellent read. Thank you I enjoy Dales Carnegies book and may try to find his book on worry at a later time.

Thank you,

- Dan

- Yesterday

KNOWLEDGE =
- Watched most all of part 1 of masterminds on The Edge 2010.

ACTION =
- Went to look at the foreclosure my cash buyer and I are considering purchasing.
- I am grateful for him and his input.
- I liked the home a little and he liked it ok. I believe that someone will make 1ok on that home. The numbers are right. He was concerned that it needed a little more work than he is looking to do (it may need a roof and one ceiling).
- Found another home for us to consider and set appt. to see inside.

Favorite Quote from yesterdays reading - "I may not know how to access the spritual solution here, but I fully recognize taht a spiritual solution exists." By recognition of its existence, we invite the power to be known by us. - Dr. Wayne Dyer

Monthly Goal - I will have 1 home under contract by Feb 29th 2011 (13).

Dan how are you, just stopped to check up on you haven't visited in awhile.Looks like you or rolling along great, keep up the good work.

Simular to life itself. Up and downs, almosts and just abouts. I will keep moving forward. Thank you for the DG Superstar check up and congrats on your status.

Best Wishes!
- Dan

- Yesterday

KNOWLEDGE =
- Read some of TIASSTEP.

ACTION =
- Went to look at the newest foreclosure I found for my cash buyer #1.
- He likes it and is considering making a offer. Unfortunatly it is a REO that cost more than half of what I have to invest. I need to be in the 30's to be a partner with him this one will be 50k with rehab.

Favorite Quote yesterday - "There is nothing wrong with God's creation. Mystery and Suffering only exist in the mind". - Ramana Maharshi

Monthly Goal - I will have 1 house under contract by Feb 28th 2011 (11).

- Yesterday

KNOWLEDGE =
- Read some of TASSTEP

ACTION =
- Put a offer in on a REO with my cash buyer. Still to be determined % ownership if accepted.

Favorite Quote - Give the world your best you have, it may never be enough. Give the world the best you've got anyway. - Dr. Wayne Dyer

Monthly Goal - I will have 1 house under contract by Feb 28th 2011 (10).

- Yesterday

KNOWLEDGE =
- Read some of TIASSTEP.

ACTION =
- Followed up with cash buyer on his offer.

Favorite Quote yesterday - "If you treat man as he appears to be, you make him more than he is. But if you treat a man as if he already were what he potientially could be, you make him what he should be". - Valerie Hunt

Monthly Goal - I will have one house under contract by Feb. 28th 2011 (9).

- Yesterday

KNOWLEDGE =
- Read some of How to Win Friends and Influence People. If you do not think this book has to do with beening a REI think again. To sell and buy real estate you have to deal with people. This book deals with specifically that.

ACTION =
- Went to see 1 foreclosure.
- Spoke to a agent about another one.
- Showed a cash investor 1 REO.

Favorite Quote yesterday - "There is nothing either good or bad, but thinking makes it so." - Shakespear

Monthly Goal - I will have 1 house under contract by Feb. 28th (.

- Yesterday

KNOWLEDGE =
- Read some of HtWFaIP.

ACTION =
- Went to see one foreclosure.
- Spoke to one cash buyer.
- Checked comps on another foreclosure.

Favorite Quote yesterday - "A man without a smiling face must not open a shop." - Ancient Chinese Proverb

Monthly Goal - I will have one house under cointract by Feb 28th 2011 (7).

- Yesterday

KNOWLEDGE =
- Read some of HTWFAIP.

ACTION =
- Looked at one foreclosure.
- Spoke to one of my cash buyers.

Favorite Quote yesterday - "The average person is more interested in his or her name than all the other names on earth combined." - Dale Carnegie

Monthly Goal - I will have 1 house under contract by Feb 28th 2011 (6).

Thought I would stop by to see how you are doing...it's been a while.

Looks like "Dan the Man of Disipline" is still rockin' and getting VERY close! You'll have that diamond before you know it.

Great work Dan!

We shall see.

I will call you before to long. Please call me any time.
Hope your 20k lady is still with you.

Thank you,

- Dan

- Yesterday

KNOWLEDGE =
- Read more of HTWFAIP.

ACTION =
- Spoke to my cash buyer #1. Forwarded him another home to consider.

Favorite Quote yesterday - Remember taht a person's name is to that person the sweetest and most important sound in any language." - Dale Carnegie

Monthly Goal - I will have one house under contract by Feb 28th 2011 (5).

Just need to find that "deal" to put it to good use. Things are slowly but surely coming together. I just added 2 serious cash Investor buyers to my list from scouting ads/making calls and have plans to begin serious 25:1 campaign tomorrow. I'll call this weekend.

Best wishes on the investors and the 25:1

Sounds like you are picking up steam.

Best Wishes!

-Dan

- Yesterday

KNOWLEDGE =
- Read some of There is a Spiritual Solution to Every Problem (yep, it applies to REI).

ACTION =
- Spoke to 2 of my cash investors still on board.
- Spoke to one of my sign callers.
- Checked on cash buyer #1's and my offer.

Favorite Quote yesterday - "If we could read the secret history of our enemies we shall find in each man's sorrow and suffering enough to disarm all hostility". - Dr. Wayne Dyer

Monthly Goal - I will have 1 house under contract by Feb 28th 2011 (4).

- Yesterday

KNOWLEDGE =
- Read in How to Win Friends and Influence People.

ACTION =
- Put a offer in on a short sale for cash investor #1 (may use my money to rehab and his money to buy it.).
- Spoke to a cash buyer of mine who is on hold he has a wife that is ill.
- Set Appt. to show a cash buyer of mine buyer a home Sat.

Favorite Quote yesterday - "Remember that a person's name is to that person the sweetest and most important sound in any language." - Dr. Wayne Dyer

Monthly Goal - I will have 1 house under contract by Feb. 28th 2011 (3).

I have a question that i need help explaining to my Aunt...

What do we have to offer, as far as performance wise, that a Realtor or Real Estate Agent doesn't?
What would make a person selling a house choose US to be their middleman rather than a Realtor or Real Estate Agent?

Robert you are not charging them a commission,and you are not going to make them sign a 3-6 month contract. You are actually going to get their house sold.

Is that all that separates our performance from theirs?

Robert asked:
I have a question that i need help explaining to my Aunt...

What do we have to offer, as far as performance wise, that a Realtor or Real Estate Agent doesn't?
What would make a person selling a house choose US to be their middleman rather than a Realtor or Real Estate Agent?

Jim answered:
Robert you are not charging Robert you are not charging them a commission,and you are not going to make them sign a 3-6 month contract. You are actually going to get their house sold.

__________________

Jim Kendrick

Jim, with all due respect you did not answer either question, you stated what you would not do x 2. Also, a streach to say "You are going to get their house sold". (Sure if the REI is good, the price is right, the marketing is right, if the timing is right, if the sellers needs are right etc.) Maybe at best, maybe not!

1) - What do we have to offer, as far as performance wise, that a Realtor or Real Estate Agent doesn't?
2) - What would make a person selling a house choose US to be their middleman rather than a Realtor or Real Estate Agent?

My answer to question number #1. What do you have to offer performance wise -

A) - You can advertise her home (craigs list, etc.) without having to disclose that you are a agent.
B) - You can put a sign in her yard that does not have a agents company name on it in hopes that someone who is not a agent will call and buy it. Also, bandit signs without having to disclose you are a agent.
C) - You can do all the marketing, recieving calls, flyer, signs seaching for loan programs to sell the home and assign it to a buyer for a fee, or buy it the sell it yourself for a profit instead of charging a commision.
D)- You can offer to buy their house then sell their house without paying you a commision. You just make money selling the home aftre you buy it or assign it or LO it etc.
E) - More things I am sure but, I can not come up with more at this time.

My answer to question number #2! I can not say what would make a person pick a investor (that is not a agent), I can say what make me choose a investor or a agent.

If I had a house for sale and you came knocking on my door to sell my house as a investor you better have a buyers list of ready willing a able buyers to buy my home or why else would I want you to try to sell my home?
The techniques on this site are not usually used to sell the average home for sale that is not distressed (I SAID USUALLY). If you do not belive me check the numbers of homes sold by realtors vs investors, forget that ask some of the top producers on this why do they use agents. Dean uses many examples of buying from a agent then letting the same agent sell and he requests/requires them to discount their commision = win/win/win.

Why not find a guy like Bill Rafferty in your area that does both. Your typical agent is not looking for all the ways to sell a home. A REI that is also a agent has many more tools availble than a investor only and the good ones know when to tie it up and flip it, assign it, lease option or purchase it, short sale it or list it and sell it themselves.

Great question and I could debate both sides for hours but, it really more so depends on the sellers needs and the investors abilites vs the agents abilities. Really not able to choose Realtor vs Investor without knowing who the Realtor is and who the investor is?

Let me put it this way just for illustration and fun. You are selling a house a you get it pick Door #1 (investors) or Door #2 (Agents). You pick Door #1 Investors. Now you have to pick Door A or Door B. Behind door A is Our man Dean and behind door B is you (thats weird since you are picking but you get the point) lol.

In my opinion - What I am trying to say it is alot like anything else in life it is the actual person you are dealing with more so than the title they have or do not have or how they label themselves.

I would choose the top investor in your area over the newest agent in day of the week.
Also, I would choose the top agent in your area to sell my home over some newbie REI guy with a book, a DVD and a internet site.

Best Wishes!

- Dan

** here is a recent post on Indiana Joes jouranl about looking for a realtor:
I contacted a few realtors and we met up with a "rock star" realtor. not only did he know the local market like the back of his hand but he provided us with a tremendous amount of additional contacts and resources. This Realtor was actually a super hero and I am sure he had his cape tucked into his coat. As it has often been said, a good realtor can make all the difference. We called around for a good "investor realtor" and heard the standard..."there are no good deals here." Then we found this Realtor and the sky was the limit. He had potential deals around every corner.

I hope everyone is having a great week. I am off to dinner to get some fresh halibut and chips! Good luck locating and locking up that next deal. Be sure to find your super hero realtor today! Believe and Achieve! - Joe

Quote of the Day:
“Effort only fully releases its reward after a person refuses to quit.” ~ Napoleon Hill