Deal number 18 for 2010!!

lend me $2

I will lend you $3.00!! OR I have this great hard, simi soft, commercial, private money lender I can hook you up with for a small fee!

Just buy me a Burger King chicken sandwich and small fries and ill be ok

IT PROPELLS US TO CONTINUE NO MATTER THE OBSTACLES...CONGRATULATIONS!!
AWESOME JOB!!

Are most of your deals wholesale deals? Thats what I do, mine are pretty much expired listings and probate deals I wholesale out. I am only averaging about 4 deals a year.

Whats your secret? REO,s, probates, expired listings, or just motivated sellers off the MLS.

I would love to average 2 deals per month. What tips or advice do you have for this since you seem to be rocking it where you live.

I think others would like to know as well and you might be able to help them out.

All the best,

Jason B

I pursue every avenue that you listed to find the deals. That is the hard part!
To your list I would add pre foreclosure, FSBOs, Tired landlords, absentee owners, with REOs and pre foreclosure people being my best sources.
I spend most of my time making offers! I have a team of doorknockers that I have trained that pursue pre foreclosure people, if we can't find their phone numbers and they don't respond to our mailers, they door knock! I pay them 25% of net profit at closing if we close.
I have real, cash buyers waiting for deals, I know what they want and where they want it.
I did Deans academy, read his books and studied hard so that when I talked to people I did not sound like a rookie! I knew how to do assignments, double closings, the contracts needed, how hard money actually works etc. etc. It took me 6 months before I got my first deal working 24/7, 12 hours a day. I am a slow learner I guess! Got my 5 deal refund!

The number one thing that allows me to do what I do now is NETWORKING!!!!!
FACE TO FACE where ever I can! I could not do what I do sitting behind my computer being shy! I am a shy person and had to overcome that. You cannot build relationships by emailing and having cool websites, you might get a deal or two but in my opinion you can not build a business with consistent results sitting at home of relying on "virtual investing". Something I have noticed is that high dollar, successful investors do not get their deals online!!

Hope this helps!!

You are SO going to have #20 before the end of the year!!!

Karen

Michael thanks for your reply back, never really thought about hitting up preforeclosures. Figured they would be a pain.

Its actually odd because just a few hours ago a partner of mine called me up with a preforeclosure in an area known for many cash transactions. If we can get it under contract for the right price it should be a quick wholesale deal.

The catch is we gotta move quick because it goes to sheriffs sale January 15th. It will be nice to gain some experience with preforeclosures and close one of these deals.

Anyways thanks again for your tips and advice!!

Jason B

What's your secret??

This is great!!!

Michael

Face to face no cool websites, we talked about putting one at the bottom of your post, you got SIX. I think you can rent out that little strip at the bottom. I heard that jimmypaulmartymikeBOB is looking for space.

James, Yep, I have several other websites not even on here! They are great tools but will never replace face to face networking. I enter my buyers info that I get networking into my buyers websites myself! They are far more productive buyers than the ones that come through my squeeze page websites. I have never put a house under contract that has come through my seller squeeze page ads but I enter the properties that I get under contract into my websites and email them out to my buyers if I need to. Usually the 70% of ARV after repair deals go with a couple of phone calls. I could do business without my websites but not without networking face to face!

I would let let those guys (guy) use my space but they would most likely charge some one else a referral fee for it!

Chris, Whats my secret? Learning and using what Dean's books and the academy taught me!! I make lots of offers on properties that make sense. Not trying to put a round peg in a square hole to get a deal. Moving on to the next deal. I specialize in wholesaling and doing fix/flips myself. I will eventually move into multi family units. What am I doing to get ready to make this move? Networking face to face!! That is what has built my SFH business and that is how I will move into commercial. I think I will always wholesale SFHs while doing commercial. It is easy, risk free $$$$

Jason B, Pre foreclosures are a pain and you will talk to a lot of people to get one. You will see its worth the effort. Lots of short sale opportunities
out there too!

Good Luck!
Michael Mangham
MD Home Acquisitions LLC