OfflineHello DG family! Hope you are all doing great! I've been taking my business in a new direction. For the first time I'm working on more than one deal at a time; 5 to be precise; 6 if you count another one. I have to say it is a whole 'nother ball game, and requires extreme organization! I am preparing to steadily do multiple deals, and this was great preparation, I've been learning SO much and quickly learning that organization and delegation are KEY!
So of the 5 deals, I had to cancel one due to a step son refusing to leave the property after agreeing to move out for cash, and another one has some issues we found out that prevents the property from doing the project we'd anticipated. One deal is closing differently than expected, another is closing and is a loan paying out a JV partner (FINALLY), and another is still in the works. But, I'm making it happen!
Happy 4th of July everyone!
You're moving along quite well. Congrats! I find each step of the way can be challenging, but I keep moving forward.
Look at you! Don't you love it when things start aligning for you? Congrats!
So of the 5 deals, I had to cancel one due to a step son refusing to leave the property after agreeing to move out for cash, and another one has some issues we found out that prevents the property from doing the project we'd anticipated. One deal is closing differently than expected, another is closing and is a loan paying out a JV partner (FINALLY), and another is still in the works. But, I'm making it happen!
Happy 4th of July everyone!
I hope most of them are wholesale deals.
A few fix/flips at one time will make you pull your hair out!
Keep up the Great work!
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
Hey Tammy, good stuff, love hearing this. Time for us to step up our game also! Good luck and can't wait to hear about more!
SEMPER FI
GET SOME!
You are now on an unstoppable roll!! Go girl!!
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Way to stay organized and keeping it moving forward!
Stephan Roberts
"In absence of clearly defined goals, we become strangely loyal to performing daily acts of trivia!"
Here is a FREE property analyzer I've found:
https://tvallc.infusionsoft.com/go/RehabLite/sroberts/
It's a great tool to use to help analyze your deals (and did I mention it's FREE)! But, you really should spend the $97 and get the full premium edition! IT'S AWESOME!!
Wow Tammy,
5... 6... how do you keep track?! Keep us posted on how it all turns out in the end!
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
I have made MANY mistakes! LOL. But what has helped is to have a big white board and put all my pending deals on it, the amt of earnest money I have on them, the date of my contract, the due diligence end period, and have a checklist of items to do and left to do. Its sort of a cover sheet.
I use Dean's yellow notebook method not only for my regular 'to do' items, but I have a yellow notebook to do page for each property. I'm still working on perfecting it, and I'm actually failing at my one out of state so I have to refine my processes some, but so far, that is what is working. Delegation, teamwork, and organization are key!
Just bought my FIRST commercial property! It funded today! That was one of the 6. I had it wholesaled for $60K. I will share the story of WHY I didn't wholesale it in the end, and ANOTHER crazy story. You know me; I always run into these BIZARRE things!
I try to learn more from the best information on this site,
and keep up the good work.
Do not let no one stop you from knowing more knowledge and initiative.