So I've had Dean's books for about a year now, and long story short I bought them for more reasons than learning to invest in Real Estate. As such I wasn't motivated to start right away, but I did join the DG family website, and continued to watch the weekly blogs.
Well in the last few weeks I've been convinced to get started and joined the Set for Life program. My plan was orginally to dive deep into all the materials. Start with learn, learn, learn..and as I was learning both the strategies and system to start building a buyer's list, line up banks, build my team and get my marketing started. the plan was to be fully active within 3 weeks.
"If you want to hear God laugh. tell him your plans."
God is definitely laughing now, because just as I got my materials and started learning a woman I work wtih returned to work after dealing with the sudden death of her father-in-law, and they now have his house to sell. Go figure I'm not ready yet and I have a property drop in my lap, so now I'm excited and trying not to drown in the fear.
It's a 1250 sq. ft. mobile home 3BR/2Bath which totalview estimates is worth just under $82,000 and I think I can lock it up for $25,000 and if everything goes perfectly then I will assign it for a profit. The best part is nobody knows about this deal yet!!
That's the exciting part, the fear however is just as strong. I've never done a contract or offer. I don't have a buyers list, I don't have a team. Will anyone want a mobile home, even a nice one? What repairs need to be done? Will my marketing plan work? Will I have to tell these desperate people I can't help them?
I have a Plan A and a Plan B. I'm moving foward and I am confident that I can make this work, basically because I don't know how I can fail. So look for my update in a week or month and read the details of my success. It's happening faster than I expected. My apologies ifthis is too long, but I hope it was worth reading.
Real Estate Investor