OfflineThis is my first post on DG dot come.
Briefly; I am 20 years old. My wife and I just had our baby daughter on 02/26/2010.
I have just finished reading "Profit from RE Right Now!" for the second time highlighting and taking notes throughout the book.I am very anxious and motivated to begin my RE investing career. I do have a full time job currently working from 5pm to 2am; 5 days a week which gives me everyday to work in my office & buy and sell properties using Dean's strategies I am learning.
After reading the last chapter I am truly motivated to work as hard as I possibly can to change my family's life and provide a dream future for us. Dean has really convinced me to face any obstacle that comes my way and keep my eyes on my goal.
I am attending my local RE Investors' Group meeting on the 17th which I know should give me some contacts to meet potential buyers' to begin building my buyers' list.
At the moment I do not have enough money to afford the Success Academy but I certainly will work on trying to join as soon as I can.
I have just come across a property that is listed under a Realtor and I am wondering if it is possible to lock it up on contract with the Realtor and/or seller?
They are hosting an open house tomorrow (16th) and I would love to attend and discuss the property and offer to potentially provide a buyer. Of course all while remaining respectful to the Realtor's position.
Either way I am attending the Open House as I have never been to one and I want to begin learning by attending as much auctions, REI meetings, Open Houses as I can.
Also I have not yet acquired any buyers for my BL; this is my primary concern at the moment and of course to begin free online marketing, review all forms with a local attorney for legal purposes begin making a lot of calls and sending a lot of emails to find buyers, sellers, willing brokers and RE agents.
Please let me know your thoughts on this.
Kevin, let me be the first to welcome you to dgdotcom.
Man I went to your Youtube page and you are quite the magician. So now you can work some magic in real estate investing. Lol……. I wish you and your family all the success and happiness in the world. I know you will be successful because I can hear the enthusiasm and positive thinking in your post. That is really cool. We believe in you. Believe in yourself and you will go far. I recommend you wait on the academy like you said because you don’t want to become burdened by payments pertaining to your real estate investing endeavours without any income and maybe get discouraged. You can definitely do this.
Good luck and Happy Investing
WALT
Like Walt said, WELCOME!! You have got your plan down and going to the open house sounds like a good idea to get your feet wet. Joining an investors club is also a great idea to start your networking with other investors, GOOD MOVE. As far as the academy goes, when you are ready to join, then you join. Keep re-reading the books and always come back to this site to ask questions and read posts. There is a ton of valuable info here. Good luck on your new career!!!...Jan
Thanks for the inspiring words guys! I would just like to know though as I said before; "I have just come across a property that is listed under a Realtor and I am wondering if it is possible to lock it up on contract with the Realtor and/or seller?"
Thanks Again!
Don't bother with the success academy it is a waste because most of what you learn you can just learn from Deans books. Save your money it is overpriced and the coaches do not really tell you anything but to reread the book.
I will never give up on anything I do!!!
"I have just come across a property that is listed under a Realtor and I am wondering if it is possible to lock it up on contract with the Realtor and/or seller?
They are hosting an open house tomorrow (16th) and I would love to attend and discuss the property and offer to potentially provide a buyer. Of course all while remaining respectful to the Realtor's position."
??????
Until you have done all your homework on a buyers list, I wouldn't jump the gun on an offer but, I think you should go to the open house, ask questions, and get your feet wet. There is so much more to consider before putting an offer in. But at least you are taking steps and getting out there and not sitting at home wondering why you aren't doing deals. Good luck man, I will watch your progress...Jan
Before you make an offer You must work the numbers. Have you? I doesn't matter if it is a realtor or a FSBO, If the numbers work lock it up. You have to know what are you going to do with the property? Rent it out, fix and resale, assign etc. YOU MUST HAVE A PLAN.
I would say go to the open house, look aroiund meet some people, look at the decore of the home. Use the open house as a lesson and take home what you can do during your own potential open house sometime in the future.
The more you expose yourself the more you will learn.
I hope this helps.
"Don't tell me I can't, Tell me how I can."
Welcome aboard DG.com !! You have the right atitude.
Jan is right --- build that buyers list first , then go make offers. You will see that it makes ALL the difference ..
Happy 2010
Randy S.
Elkton , MD
crawl before you walk
don't get burned out and depressed when you have no idea what you're doing
Give yourself a 60 day window to understand the details of what you're doig before you think about offers, buyers lists, sellers lists, etc
Go to as many open houses as you can.
Learn how to distinguish what a frame, brick, townhouse and condo are.
What you don't want to do is call people saying you're an investor and when they ask you terms you don't know, and you reply "um,....ummmmm, well i'm kind of new to this and,......(dial tone)....."
Land and homes will alwways be here. People will be losing their homes and in financial distress when you're finished and have a better grip on things.
Take your time