DG Admin Bio

How are you? Thak you!

what do i do first

I am looking for the spreadsheet referred to in Real Estate Millionaire. Can you help me to locate and download this form to get started?

I purchased Dean's book and just recently finished reading it and now I am looking to purchase my first property so I can flip it right away. A forclosure fixer upper is what I am interested in and I would like to start within my area which is Bronx New York if the price is right.

Thanks for the posts here. I am charged with maintaining the community more so than offering the best real estate investing advice you can find, though I do know my share about making money with real estate. If you post your questions in the forums instead of my guestbook you will get better responses from the whole community.

There are lots of knowledgeable people circulating here, including some of Dean's top students that are now practically old pros in the investing game. These people can offer better insight than myself for most questions.

As for the spreadsheet, do you know what it is for? That would help me find out if it is here or not, but the student resources section on the left has all the calculators and documents in it.

Is it wise to get involved with a leasing program on a 2 bed 2 bath condo? the monthly cost is about $1200. 50% of that goes towards the down payment of the condo after a period of time. I don't have money available right now. How can the bank assist me in this process right now?Can i can profit from this? In Lakeworth

The spreadsheet is now listed in the calculators and tools section in the student resources.

buy your contractor a gift cert for dinner or movies and never do business directly with the realtor again. find and develop a relationship with a realtor and let them make the appointment, get keys and do the leg-work before you arrive.

jim

Thanks Jim, I think I will take you up on that with my contractor. I will also do the leg work before as y sugested. I wanted to keep a realtor out of it from my side because the book said we can negotiate the slaes commision 6% if the same realtor acted for seller and buyer(myself). It seems you are right though because I wasted time and time is money.

Dean,
I was just curious after I had taken the poll concerning what was the hardest part encountered when dealing in real estate-something of that area of questioning. I answered the final paperwork, closing etc. as my number#1 choice.
20% stated finding fiancing from a bank or private party. It puzzles me why anyone being an investor or home buyer would use a bank. Banks I found to be what I call slow money. Medium money is credit unions. Discount Brokers, Privates, Redemption Departments, and Non-Performance Mortgagee's are my bullseye. Finding buyers can be hard if you talk to the wrong people-The can't be done attitude people. Profit potential, market prices, and title search is simple. Why troublesome, need to master the courthouse records, use Zillow.com, do comparables in area, stick to an area you know well. If you know the parcel ID, address, or even owner searching should be simple. To get technical you can go to Intelius.com pay $14.95, and find out anything you want about any property in the USA. I can sat at home at my computer, and search any recordings or deeds. NoteNetwork is listed at my profile with many other sites. I worked this business for a year without a computer. I used the local libray, so do not tell me it can not be done. I would say if you do not want to take the time to research as I said in my profile then this business is not for you. 'Rome was not built overnight.' I have yet to find one courthouse clerk who would not bend over backwards to help when searching records. Like I said when in doubt ask! Thank you Dean for reviewing my comments. David

None of my business but I would never, never sign a dual agent with any agent or broker. Ask yourself, how can you serve two masters? Truthfully you can not, not possible. Common practice among agents, use your gut feeling about entering into a dual agent situation.
Thanks!

First, how many parties on the lease. Second, why wait for a period of time to exercise credit toward your down payment. 50% of 1st payment should be applied, and thereafter. Your giving free money to whomever. Why? Third, I do not see how a bank or any lender would loan money on a lease, you do not own anything but a piece of paper that says you have a lease I would assume an option to buy. If you do not have any money to invest, what protection does the lender have? If you lost the lease, the lender could not foreclose on something not owned by mortgagor. A lease in a way is just like renting except in an option to buy lease, if exercised to the terms could gain future equity, whereas rent does nothing for the renter. Question is vague...Can I profit from this? Depends if you enforce your option. Depends on location, location, location. I would assume you have an HOA fee with this condo. Is the Association closed or opened. If it were me I would ask the Mortgagee(one giving you lease)for an option to transfer to be included in contract. It would be worth you do have a title search done on this unit to make sure mortgagee owns this unit and accessments around it. Then I would seek out to whoever I knew had money to invest, and sell your option to buy right. Condo's are risky in many ways. Bread and Butter homes, SFR, and FSBO is best. You do not get the HOA(home owners association)back. You need to find the Property Management Company, and read the bi-laws on the property. Hear say is not legal recourse. Good luck!

I would say the realtor is scattered brain. Unplanned or should I say disorganized in meeting or handling business affairs. If you wanted the townhome I would go to another agent. Any licensed agent can show the property. I would not waste my time with this person anymore, but I would use the time frame on the market to my advantage in negotiating offer or counter. You can not use comparables on a property in repair vs. a property in better condition. You have to figure what your cash flow would be on your future investment. Then when finished with repairs get a new appraisal, then compare apples for apples. Hope you turn a profit...

dgadmin,

Thanks for doing a great job maintaining the forums. I was wondering if there was a way to search for a certain topic I wanted to revisit. There are getting to be so many topics, it's hard to find a specific one without going back to each forum and seeing what's listed, and of course not every topic is under what you might guess to be the right forum. Let me know if I'm just overlooking a tool you already have available.

Thank you,
Rina

Yes, simply use the box that is at the top left on every page on the site, with the magnifying glass in it. It will search everything.

Thank you. I couldn't get it to work before. I guess you have to hit "enter" instead of clicking on the magnifying glass. Got what I needed.
Thanks again.

first deal
Hello there!

anyone can answer this, please. i am trying to complete mmy first deal with someone that has a home and wants to get out of it. i don't have good enough credit to work the deal myself. looking to do some creative financing, where maybe i can find an investor and do the deal like so. again this is my first, have a bit of the jitters and want to recieve any positive feedback own following the instructions Dean's book has on locking the house.

Please help anyone!

Thanks in advance!

Just a suggestion, but is there anyway the Forum Posts can place most recently posted responses first?? Or maybe have the ability to read the posts by choice of recent posts or old posts???????

Jackie B

dgadmin,

one of the questions to which I posted a response has been deleted, so of course my answer looked out of place. I deleted the words from my message, but (another stupid question) how do I delete the entire comment?

Thanks for your patience.
Rina

Just edit it and put:

...in place of the text.

dgadmin,
Thanks for all your work. It's like a little ghost goes in & just kind of tweaks things here & there. Anyway, I imagine it's time-consuming. Thank you for a good job!

I was wondering, what time zone is this site on? The times for each post are really weird.

Rina

Hey guys,

Is there a way you could build a how-to topic on how to do an assigment of contract? There seems to be a great deal of questions on that most popular subject. Thanks. That way I could just ell everyone to look at that post.

CBR,

If you want to copy and paste the links here, or the highlights of the threads I will create a new article that references the posts by links, or has the text directly in the article.

I have bought Dean's book and started reading. I have a full time job and I work 8-10 hours a day and I am involved in a ministry and I really have to find the time to read Dean's book. I have read about 5-6 chapters and I am determined to get it done. It has been my desire to be an investor and succeed for my family and
others and be able to support other ministries. I believe that God wants us to prosper to do His work and be a blessings to others and His name to be glorified through us.

I really need someone to mentor me and have a full understanding of how this is done.

Can anybody comment on the value of the mentor program? I understand it ranges from $3500 to $10000...
Is it a good investment?
Sucessful results or otherwise?
Are there sucessful investors out there who did not use or need the program?

Hi,
I noticed there are many sample contracts
on this site. But It appears that the purchase contract doesn't include the right to re-assign clause. Am I right, or just not reading it thoroughly enough?

im about to look for a mentor, do any of you guys know a good one with a great track record,and very patient,with new investors?

contacted the support people via phone several times to get my free website up and they never sent me my info to my email. They keep telling me the same thing will take 24hrs but nothing comes.
God bless

I contacted website support and someone set up my website, but I got no instructions on how to access it or anything.... I completely forgot about it, now I think I will contact them again about starting to use it and how to do that. You should keep trying.. I mean a free website is a great deal don't you think?

Hey Dean,
You could probably make money off the Mortgage brokers by recommending some on your website!!! Kind of like the middle man to the middle man.. Hey cut me in for the idea!!
Also read both your books; just starting to look for foreclosures.
Do you have any mentors located in New Hampshire??

Sincerely,

Scott F.

I was able to get mine set up. I just called in asked all the necessary questions and it was set up in 24 hours. It was actually pretty easy. I don't use that website any longer though because I purchased the AFF (automated foreclosure finder) program and that website is awesome. It has some really cool features and is super easy to use.

Hi Dean,

I just picked up your book a few days ago and am almost done reading it. You sure know your stuff and I found the middle chapters in Pt. 2 to be very motivating. Take care and God Bless, thanks for all you do.
I look forward to getting into this more since I've been studing tax sale stuff for two years now!
Best regards,

CAM

I'm looking to corresponde with investors/students/participants of this program in CHICAGO, to assist one another as we may with moving forward.

We can go further if we can work together.

Firstly, I'm looking to chat with someone involved with this program approach to find out about the 800# service advised by the AFF component of the 'training'.

More to the point, I'm planning on setting up a line and I'd like a Chicago contact to refer me for YOUR benefit, and hopefully, we can further assist one another as well, and please tell me if/how the 800 line has worked/not worked for you.

Please email me at fordavekaz75@

Until then,
Be Well,

Dave

Good Morning,

I seen Dean's new book on ITV and purchased, great info...would like to become "a real estate investor".
Have great credit w/savings...have a home unable to sell due to market issues...option of Lease to Own...also have land in another state which am holding off to build due to market issues...so renting an appt now...which my lease is due to expire in a month w/option to rent month to month...I'm thinking about purchcasing a home to fix up while living in it to save from renting...then once completed will "lease w/option to buy or rent out for investment....and find another home so on...until I ready to build my own....My question is to start my investment...LLC license to operate business (?) is this true....for to purchase or work with an investor to locate property..foreclosures etc. Please email back so I can get started...

Thanks'
Deb

wilfredo serrano
ware do i star
with bad credit i have try
to get loan no body wood get me
a loan to paid all of my bill.s

having difficulty posting comments and questions. Please Help.

Can someone comment on Ownership Without Qualification scenarios? I had not seen the term before.

Also, on the website I seem to just see a shell that does not really serve a purpose. I am working on my own website but what is the issue with the free website. If I have missed something please advise.

JButcher

I have the same problem.

Hi DGadmin
When I open Anita or anyone's post that has contracts attached...the side banner is always straight down the center of their post making it really really hard to read.
Would that be because of my own personal computer or maybe a glitch from DG.com? Is there anyway to put that thing back over to the left where it belongs? LOL! Thanks!
Sissy

I can't read those posts either. But all the blank contracts can be found under Student Resources in red at the top left, then click on forms and docs.

hi there from alaska man i sure like that deal maker badge please, i just sighned my first deal went to closing today and sighned the paperwork on the forclosed triplex, i even got the keys today !!!!! i be honest i had to use 6000 of my own money to close ,but imhoping i can learn how to purchase more props with not digging into my pocket book!!!!!!!
mike sondgeroth

Great job! Well, you'll learn from this for the next time don't worry...
The main thing is you did it, yahoo! Give yourself a big pat on the back from me!

I have to check your journal for the deatils. I know you posted, I just read through it too fast this morning.
Again, congratulations!!

Rina

i tried to save my june 11 12 then attache to my new journal it wont go through,saying to big , how do you guys get page 1 page 2 so forth, ????????

I'll answer in your guestbook.

Can I get a house that has equity, that is selling for a cheap price and then turn around and pull the equity out of the house and try to sell it afterwards. So that way I have the money up front and then put it on the market to sell?

I purchased one seller financed property with a small down payment divided into installments. I gave a highly motivated seller his price after 1 1/2 hours of negotiating, because, "full price can be your friend". Well full price was mine, because by giving the seller his price on the property where he could show a profit, he threw in another property absolutely free!!! I got two for one, with a total equity of $80,350.00. Friday the 13th a bad luck day? I think not. Thanks Dean for you willingness to share your successes and knowledge.

Lester

The down market real estate investing 101 title was one that i submitted. Just wanted to let someone know. I dont want money or anything just would love a thank u in the book if its selected.

I would reccomend investing that money into a home, their is too many options and info on the world wide web. really ur decision though.

Is there a login problem?? I dont seem to be able login at all.

Thanks