The Hottest Real Estate Investing Content

A lot of us have started to dig in to our new SFL site and tools.

As we figure it out, find a neat trick or helpful tool we could share that with each other here.

If we are struggling with something, chances are maybe someone has figured that out, and can tell us how.

We have the training videos and webinars, but this gives us a 24/7 platform to work and share with each other in the DG SFL family.

Thanks everyone. Here's to our massive successes!

I am playing catch up on this to get everybody up to date. When I started my quest in real estate, we were in a small town of 5000, where I had just sued a nursing home that was privately owned by the county with a million dollar bond that was supported by the wealthier people of the town, so I was known by everyone, but not in a good way. My suit and dealings with the state played a big part in them being bought out by a corporation. Just 2 years before this we were on top of the world, and having a great time. Then dealings from a bad venture with a fortune 50 company and me doing land home deals with them, I lost everything. (bankruptsy) For the first 6 months of my real estate adventure with the DG family, I never closed a deal.

I need help.

I am new to DG and have found a deal on 1700 sq ft SFR for less than 30 per sq ft cost for aquisition(Owner financed)with NMD. After questioning the RE agent in the area, she advised me that rentals in the area for similar properties are going for 1,200 per month I believe this to be a great cash flow property. My challenge is this: there is approximately 15k-20k worth of repairs that need to be made prior to making this a rental. My credit is in the "crapper" and I would like some advice on "Thinking a little different" and how to afford the repairs. I believe this to be a 700+ Positive cash flow great "first for me, DG Deal" Thanks in advance for your response.

"Life is 10% of what happens to you and 90% of what you do about it"

Having been disabled from birth, as a result of cerebral palsy, Bern often came across the ‘no, you can’t do that!’ attitude. Well, challenged by this Bern adopted the ‘I can and I will’.

To date Bern has bungy jumped off Blaauwkranz bridge and even been paragliding, climbed Mt Kilimanjaro in his wheel chair twice, the first time making it to the Uhuru summit and second time to Gillmans. A challenge that had captured his imagination for years.

Bern’s focus on teamwork and goal setting is thought provoking and positively inspiring to mobilise you both personally and in the workplace

Hello All DG Members,

Hello everyone! My name is Maya, and I live in Northeast Ohio. I read Deans books and purchased the success academy. I have a buyers list built, but am now trying to find the 'discounted properties'. I have to start off doing assignment of contracts, but am not sure how to do this. Everything I'm finding is either an REO or foreclosure. People seem to have smaller cash budgets where I'm at, and back to back closings just aren't feasable. I need to make some deals soon!

Can anyone give me some insight?

Good luck to everyone!!

I'm sure that I'm jumping the gun and should just get through all of the books that I am reading, but as an excited newbie I have a few questions about assigning contracts:

1. When you lock up a property and assign the contract does the seller pay a commission on the original contract price or the assigned price?

2. Does the final Settlement sheet show the original contract price or the assigned price? This could affect the seller's capital gains tax and the cost basis for the investor buying the property through the assignment.

3. How do we as REI's get paid? Do we get a certified check directly from the assignee at settlement or does the assigned price go on the HUD-1 with an expense line to me (the REI) in which case we would get a check from the title company.

I just got some zip-ties so I can put my signs up on those metal poles and to avoid damage putting the signs up in other places.

My question is how much more would people care if I put one of my signs up on a stop-sign with a zip tie tied onto the support pole? Anyone tried this and if so were the results good bad or ugly?

I know that results will vary from place to place, but would this brand a special kind of attention from the sign nazi's or worse, the police?

Thanks

Wow! That is the only word I need to describe Deans new book, however, I am going to tell you folks a few more details about this one of a kind book. I have already read it 3 times and every time I put it down I can't believe the detail in it. When someone walks up to me and asks me what book I would recommend they read I tell them "hands down go read Profit From Real Estate Right Now!" In my opinion, and I have literally read over 200 books in the last 3 years, this is the best real estate book ever written. There isn't another book out there right now that you can pick and read and go make money in the next 30 days. What makes this book so intense? Details! There isn't anything that is vague. It is truly the only real, step by step, how to make money right now real estate book. I look at Deans last book "Be A Real Estate Millionaire" and how good it was and see how many lives that book changed and I feel that will pale in comparison to his new book. Don't take my word for it, go out and get a copy and read it cover to cover the first day you get it! Get it done!

[DGadmin Edit: If you want to buy the book, you can get it directly from Dean here: https://www.bearealestatemillionairenow.com/ ]

I currently have three deals I am working on.

The first one is $35,000 and I had asked if anyone with credit wanted to partner on that deal,
well I found a hml to fund the deal and the seller has agreed to take a note on the 20% down I needed. We are getting it worked out right now.

The second deal I put in an offer for seller carry-back financing. This can give the seller the full price he wants and a nice property I want.

The third deal I am working on I put in an offer for seller financing @ 6% interest, and the seller countered with 8% interest, 5 yr term payable at 450 a month with 1400 back taxes and 600 realtor fees paid upfront. So now I just need to get the 2k and the deal is mine.

I will keep you posted on how these go.

I have Dean's books, joined the Success Academy, received the SFL System and now have started my journal to help keep me on track. Ready to rock and roll.

Hello this is Roger from the Twin Cities, Minnesota. It's about time I make an official appearance on the forums. I have been reading everyone else's journals, encouragements, successes, challenges and I think it is time for me to make some contributions to the great DG community. It is also time for me to get serious about Real Estate Investing. I want to move quickly.
My job of 25 years ended last week and my first order of business is to get a 401k rolled over to a real estate investment friendly IRA. That is the investment side. On the day-to-day living side, it appears that my family will need to down-size for the time being in order to control expenses while we get this no job no income thing worked out.

Hello!!

Does anyone have sample letters to distressed home owners? Thanks!!

Reggie