OfflineLet's start with some history and background:
Hi there everyone! My name is Liberty. I have to confess I've had Dean's book for over 2 years now. I've been trying to get where I want to be for so long. I've always started out trying to do baby steps, but then I overwhelm myself because I want it all and I want it all to happen right now! I'm 26 years old, and feel soooo very behind in life. I've been engaged for about 2 years, but we are unable to get married because we have no money, and we are in debt to our eye balls. I'm working full time now as a bookkeeper, so my time is more limited. I know that this is our solution. I know this is where we need to be.
On Long Island the average house sells for $400k. This fact alone is very overwhelming to me because I have no money and in order for any of this to work, I have to in one shape or another ask someone for money. I know that it'll be a win win situation, but its very scary to me.
I have been part of the success academy for almost since I've owned the book. I also get the empowering conversations dvd's every month. And I have the set for life system. I just don't understand what the problem is and why I can't be in lift off!? I have all the tools.
I have tried several different methods for finding buyers. I've tried letters off the sfl system cash buyer list. I've tried craigslist, flyers and newspaper ads. I also went to a REIA meeting.
I NEED this to work for me too!
I want to slow down and really focus.
First, I want to start by wholesaling. I've been doing a lot of research and know what areas I'd like to concentrate on. I also have an awesome lawyer. My agent is pretty good. We've looked at a lot of places and she hasnt given up on me. I have a deal I've negotiated down to $275k for a 3/1 house on a canal in Massapequa NY. But, they want 10% down. I've tried contacting the seller and seeing if he would just pay me a finders fee if I find a buyer. I have a couple people now that are pretty interested. I've worked really hard on this deal, but I'm not sure if I should just walk away from it.
I have so much drive its shooting out of my fingertips! I want so much more out of life! I was the life I deserve and I want to provide for everyone that's important to me. And last but not least: I'd really like to get married and move out of my future-in-laws house! It's so cramped. Part of me feels really bad for saying that we need to move out, my fiance's parents have been great to us, and I am by no means ungrateful. But it's definitely time.
It's My Time To Shine:)
Liberty - I read a lot of posts everyday and try to help a lot of new investors work through their problems. However, when I read your post, I kinda got lost. You say you want your first million soooooo bad, but you have not done anything in 2 years since you have purchased Dean's book. You have been part of the success academy for almost the same period of time AND you own the SFL system. Yet you have done nothing with these tools in 2 years. It would appear to the casual observer that you really don't want your first million toooooo bad.
Real estate is a tough business. Yes, I said business and not little side hobby. It is something that you have to live, eat and breathe if you want to be successful. Can you do it? Sure. Will you do it? I don't know as your future is up to you. But I do know that you cannot be successful without taking some initial steps. You have to depend on your learning experience from Dean's books PLUS outside sources. Dean's books are a great starting point but don't drink so much of the KoolAid that you think their methods are all inclusive. (I can assure you that Donald Trump doesn't use Dean's methods)So, open your eyes, make a comittment to yourself, start the day fresh and learn about real estate and find out where you fit in the real estate universe.
There are many ways to make money, just focus on a couple methods so you don't become overwhelmed.
Didn't mmean to be tough, just want you to take a good assessment of what you really want.
Always Looking to Acquire Houses | Always Looking to Amaze Investors
If you have a deal on a property as you say and someone interested you just need to complete that deal and go from there. What's Up.
http://kendrickpropertymanagement.com/
http://rochesterapartmentrentals.com/?page_id=10
Hello to everyone here on this site i am a new bebie as yall call it,but anyway.I had Dean book 4 some quite time now & i am ready 2 do this , when i brought Dean book i was ready 2 go, But 2 the fact i just lost my BestFreind my (Mother) Her Spirt is telln me what i am waitn 4 get started now something is waitn 4 me out so i need 2 get on the ball & thats what i am goin 2 do. I want to know,do anybody think that should i wait on gettn my LLC. or can i go & do what i know ,then when have the money 4 my LLC.Its that oh ok i ready like 2 know!
Good Luck anybody else that is doin this & is new 2 the game! like Me!
Ready 2 do this!!!!!
Liberty,
There is always SOMETHING you can do. That house sounds like a great deal. Just talk it up to everyone you know. I don't know if that will work but just take those steps every day and something will come together. You can count on it. Everyone of those success stories you are hearing started with an initial step. It sounds like you have taken some of those steps and for that you should be congratulated, not derided. I am one year into this and some things are coming together. What I like about Dean is he does not seem to forget where he started. There are so many ways to make money in Real Estate that if you just keep pushing, and keep your eyes and ears open you will find your first deal.
Felicia,
I would recommend that you definately get that LLC going. That was the very first thing I did when I came to the deangraziosi website for the first time about a year and a half ago. You cannot imagine how many people neglect that first step!! Just last week I had a hard money lender ask me if I had an LLC set up. I couldn't believe he asked that.... I just answered yes of course.... but I was thinking... obviously he runs into a lot of wannabee investors who have not even taken that initial step because why would he ask that? As far as how to do that just do a search on this website and you will get some advice on how to get started.
Best of luck to you both.
Roger Schafer
Jaguar Investement Group, LLC
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
Bill- Thank you for the tough love. Not so easy to hear, I have to tell you, but definitely needed.
Jim- How do I know if the buyers are 100% serious?
Felicia- I'm sorry for your loss, and I wish you lots of success!
Roger- Thanks for the support and boost! I can and will do this. First, I'm going to get a LLC.
I think I'm more aware of how much more I need to put into this. Anything worth having takes a lot of work. I'm ready to put in the work, time and effort. I'm just confused as to what my first step should be.
Any advice on how I can work out the down payment situation on the deal I'm working on now?
Are you serious???