Johnny Sokko's Journal

Johnny Sokko's Journal do I start.. lets see. My girlfriend originally got into this. Her dad saw the infomercial and recorded it for her thinking it might be a good thing to try being that we both are unemployed. We were both really skeptical thinking it was just one those scams. After we saw it my girlfriend did a lot of research on it and decided to give it a try. I however, was still skeptical. It wasn't until the books actuality arrived that I changed my mind. I am at a point in my life where I have no idea what i am going to do. I have been unemployed for over a year. I NEED to do something. I thought to myself, why not? So then I began reading.

I just finished Be A Real Estate Millionaire last night and started Profit From Real Estate Right Now. Even after reading the book it all seems to be over my head. But I am still keep going forward. I am hoping the 2nd book will help by giving some more detail in this specific market. Being that I don't have a lot of money, my girlfriend says bird-dogging is a really good way for us to start (she has been on these forms a week before we even got the books). So I think that's what we will focus on first.


almost done

I'm almost done reading the second book. I am going to get in to assigning. I live in California. Is there anyone in CA that can give me any advice? Any special laws regarding assignments?


Chris an REI group will answers alot of your questions, Pick one in your area and there is mentoring look the right top corner of the home page of this site and check out becoming a student. If we do not take action...We have no chance!

If it is not in my heart, Then my mind will not follow.

Assignment Pricing

I'm not quite ready to start looking for house yet. but just for the heck of it, I put an ad on craigslist looking for buyers. And I got 2 replies in 2 days! Awesome! I have been trying to come up with a pricing method for reassigning or bird-dogging. I don't know if I would be charging to much or to little for living in California. Can I please get some opinions or other suggestions. Thanks!

Fixed Rate #1
sale price my profit
$0 -$200,000 $5,000.00
$200,001 - $400,000 $10,000.00
$400,001 - $600,000 $15,000.00
and so on

Fixed Rate #2
sale price my profit
$0 - $150,000 $5,000.00
$150,001 - $250,000 $10,000.00
$250,001 - $350,000 $15,000.00
$350,001 - $450,000 $20,000.00
$450,001 - $500,000 $25,000.00
$550,001 - $650,000 $30,000.00
and so on

Percentage Rate on sale price.
2.5? 3? 5? ...I don't know what would be good.

10% of the difference between the sale price and the FMV price, with a minimum of $5,000.