Ok This is my first post long over due since I am about 2 weeks into this so far so this might be a little bit lenghty got alot to unload.
Well I bought Deans Amazing book about 2 weeks ago right before the end to the Blitz. I was the best ting I have done for myself in a long time. Got the book and read it cover to cover in 2 days. That may not sound like much to most of you but I honestly havent read a book in so long I cant even remember ( if I were to guess I would say some where in Jr. High) I have always been a person to learn from being showed how to do something once and then I pretty much have it, but if you ask me to read something I just cant get it A.D.D. just causes me not to be able to sty focased on something in a book very long. Anyhow Dean's Book managed to grab my attention and hold on to if for 2 days stright think i read it about 1 and 1/2 times or so truly amaqzing stuff.
Anyhow could not get enough so I was Lucky enough to be able to get The EDGE 09 DVD's too. They are truly amazing like I said I learn from seeing so much easier thank you Dean for putting them in that format. These Dvd's really helped me narrow my focas down and start the ball rolling in the path I now know will be best for me and my situition. BUY THESE IF YOU HAVE A CHANCE YOU WILL NOT REGRET IT FOR A SECOND !!
The place I am at right now is Credit in the crapper like Greg Murphy in the book and the EDGE dvd's and I don't have any cash to start or anyone in my family to ask for some either since I make currently more than anyone in my family at my day job. Also, I have never owned a home or read one thing on real estate before getting into this. But I'm in luck Dean and his system to the rescue.
I have decided with where I am currently I am going to a combination of Greg's Lease option system (page 70 of the book, disk 4 last chapter of the EDGE dvd), and Matt Larson's 25:1 system to go out and lock up some properties with a lease option and either sandwich lease them or assign them focasing on Foreclosure, Pre-foreclosure and Probates. Assignment of contract's being my first option gotta get some quick cash to get my bank roll going. I chose this because I fill this is the way I can help the most people along the way and that is a BIG reason for me wanting to do this. Keeping someone from losing there home to the bank and helping find someone a home that would not have been able to with out my help really drives me to suceed.
Anyhow lets see where I am right now is basically I have got my automated line set up with different prompts for each type of caller, just got all my flyerrs made(going be hanging them up when I get done writting this)Have both my main and probate websites set up, business cards are ordered, have a lawer already onboard, Sent out my emails to mortgage brokers and real estate agents directing them to my automated voice service to weed them out. So I am making some head way toward that first deal.
I actually have almost made a deal buy just picking up a paper and calling a number to an add that seemed like a motivated seller. Went and met this lady after doing all my research. She was wanting 49,900 each for 2 houses since she is an investor looking to cash out and move to Flordia to retire. The 2 houses she had where already fixed up and even at those prices would return about 400.00 positive cashh flow a month about 200.00 on each of them. I did my research and decided that 61,000 was about 40 % off of them and that was what I would like to get them locked up at. Printed out my info and put it in a nice binder and off I went to meet this lady.
I got there and we looked over the properties and I told her I could make something happen for her fast but needed to lock up the properties at 61,000 according to my research then showed here the folder of my research. She countered with 75,000 which was about 30% off FMV but she would not lock it up under assignment either or do a lease option.
So I told her I still may know someone that would want them and I would get back with her. I was time to birddog this on since I had tryed everything else I knew at that point. I had called a I buy houses bilboard eariler in the week to work on my buyers list and got the name of an investor for just such an occasion that said he would pay 1000.00 without the assignment contract if he closed.
I called him and told him the deal and he was intrested until I said the ladys name apperently he had already contacted her before and she had gave him the same price of 75,000 and he did not fill that was where it needed to be for him. He asked me what I felt the properties were woth if I had got my ideal price locked up. I told him around 61k he about fell over and said that was his exact price he wanted them at. He asked mehow long I had been in this I told him about a week and a half and his jaw dropped again. Anyways long storie short I have a very impressed Buyer now willing to work with me on anything I bring him!!! OH and he invited me to the next meeting of our investment group in the area this thursday.
So thats where Im at no deals atm but on the verge I fell it and now I have a buyer and a way in to the investment club and people to talk to in my area. Not bad For my first week if you ask me. Sorry this one was so long had a lot to get in. Just REMEMBER TAKE ACTION AND ANYTHING WILL HAPPEN!!