5 Houses Today!

Okay, I feel like I'm on a roll.. I'm able to manage just about everything going on(or close to it) in my Biz-E life.. today I was able to go check out 5 houses.. Tomorrow , or later tonight I'm going to do the paper work to have them submitted.. then on thursday I'm going to look at 5 more.

for the most part the houses I saw today were just REALLY good deals for "retail sales" , I saw a hosue that is not bad, it's deep in the hood.. uglt etc etc, will make a good rental, and another hosue that was out in the suburbs.. it was actually the ugliest house on the road, which is good for investors. The other houses prolly won't bite my 60% to ARV offer but hey, it's worth a try!

Just an update, I'm watching the secret now.. everytime I watch the secret it puts me into action..

Will post again later this week with an update!

Dennis

I should have outsourced a long time ago!

I got my first list from the girl who I'm having compile my list of houses to check out for the week, first I was scared because I asked if she could have it by Sunday night.. woke up this morning..no list. I txt'd her , she said she sent it, so i checked my spam folder all that and i didnt see it, then i was starting to thing.. c'mon you gotta be kidding me.. one thing i hate is excuses, or when people lie to try to getover.. anyway, so i told her i checked my spam folder and everything and i didnt see it, and asked her to resend it.. well she did but she fwd'd it to me, and i saw where she did send it last night, but for some reason i didnt get it.. so anyway, i'm glad she got it to me. Typically each week i get about 15houses on the list and what not, i normally skip over the ones i have seen or i made offers on etc.. well she came got a list of 40 houses and about 35 of them i have not seen yet!!! There is some really quality deals too, some i must have looked over because they've been on the market for a lil while..This is like Christmas!!! No school today (but i am in the MLK Parade) after the parade man, i'm going to be going out looking at houses all day! I can't wait!


Off to the MLK Parade!




He was assassinated the day after this speech:

Firing off 6 offers today.

Okay, I got to check out 4 houses yesturday, i didnt write the offers yet but after I write this post Imma get to work. I'm sending off 4 offers, plus resubmitting 2 offers on properties that have been reduced.

It is SOO COLD! looking at houses in 15 degree weather is NOT my idea of fun, sheesh my family moved to NC thinking we were going to get mild seasons.. 15degrees is NOT my idea of mild!

I'm out, gotta get these offers sent before my GF gets home from getting her hair done!

Dennis

Ugh, annoying

Well this is the first time this has happened to me. Deal number 2 from yesterday is falling through. I got a call this morning from the listing agent said that it went under management review a few weeks ago (this is when he said it was approved, I even have the contract signed and all that) but then today he said they need to net atleast 60k or close to it. I'm not comfy at getting it udner contract at 60k so i'm just going to let it slide. The previous person who got it under contract before it fell through got it at 65k and it was an owner occupent , so you know 60k is to high for this.. uh annoying, oh well :)

just thought i'd share the update

Dennis

Outsourcing..and closing deals :)

Okay first things first. You know for the longest time I've been struggling with to outsource or not to outsource. Well, I've made the first steps. For my REI biz, I'm now outsourcing all of my Data entry. This girl will put all the listing that fit into my criteria into a spreadsheet for me, she will give it to me once a week, so that will be the list of houses I will go check out for the week.. I'm going to pay her $10/hr it will prolly take her about 5 hours to do the data entry stuff.

For the ebay biz, I'm just about outsourcing everything lol i'm only going to be dealing with the suppliers.

Okay the fun stuff:

Deal 1)
Back in october I saw this REALLY crazy house, it is in a new neighborhood, (2003 is the build date) but the catch is, this house is the "showing house" the garage was converted into offices and just crazyness.. funny that the company foreclosed on it lol.. anyway, i've been making offers on it for the past several months, the ARV is 160k I just picked it up (got it under contract for 74k) I have a buyer lined up who is thrilled about it, so that's awesome! I almost want to buy this hosue because of the offices they created in the garage.. it's actually a really good setup for someone who works from home. The crazy thing is this house is damn near mint condition.. minus the weired rooms, I asked my buyer why it was on the market for so long if it is such a great deal... he said the listing agent doesnt really know how to sell houses lol so we'll see what happens, it will be interesting for sure.

Deal 2) This is another deal that i've been making multiple offers on, it went under contract not to long ago, but i guess it fell through and i was next in line, so I'm picking it up for 50k ARV about 90-95k conservative.. and I'm pretty sure the same investor from above will be buying this one as well.

ALSO I have a goal of buying my first house in feb/march/april ish.. so hold me to it! I'm probably not going to hold my first one, I'm going to flip it.. (yes in this crazy market) get some cash and move on to the next one. I have a great mentor in place who is really wanting me to move my investment career to the next step.. so that's what I'm gonna do.

Well Tonight is my Mom's bday! I gotta give her a call and wish her well, she's the one who planted the "business minded" seed in me..

Have a good night!

Dennis

It's A GIRL!

Well folks, I couldnt hold it any longer.. I had to do it. My GF wanted a puppy for Christmas soooo bad, and I finally folded. I was going to wait to give it to her on the 25th but I was soo excited about it too! Below are some pics. She's a Mini Jack Russel Tarrier. She is sOOOOO mellow, it doesnt make any sense. She's so much fun and almost already house trained, she's about 7months old so the breeder has been working with her for a while as well. She plays well and loves to be near you.. she soo lovable.. and I can go on and on for days lol.

Well, I hope everyone has a Great Christmas and Happy Holidays! I got some WRAPPING TO DO!

Dennis

I'm Back!

Hey everyone! I've received a couple of messages from folks wonderin where I have been! I'm sorry I have not posted much lately :(

School: The semester is FINALLY over, after thanksgiving up until December 8th I was on a strictly redbull diet to keep me awake to study :) Everything worked out good though, I had 21 semester hours this semester and I got AAABBC.. a C in a toxicology class (hard), but oh well it happens, I'm still going to be highly decorated when I graduate.

Ebay: With my ebay business, I'm working with a new deal and a new supplier..well actually an old supplier I had, but it's a new person the last guy left. I'm going to be developing a product which I can sell less of, but make the same if not mroe money.. so that will free up my time!

New Project: I'm working on a website that is basically going to be helping people start up and run an ebay business, it's going to be sweet, i'm getting into "internet marketing" I've spent a ot of time on it, it's coming together and I already have 30 subscribers!

REAL ESTATE!
YES! I am still grinding away, I've got a closing on a hosue January 12th I just found out about. I made several offers in october and november but I lost the hosue to someone else. The buyer couldnt get financing so the agent called me up last week to ask if I was still interested..OFCOURSE! so it's scheduled to close January 12th.

I also got another property closed that is in the hood, I have until January 5th to get it assigned, I dont think i'll have a problem though as I have some interest in it now. So keeping my fingers crossed on that one.

I had a meeting with a guy that grew to be a close friend, he really wants me to go from a deal finder to a "investor" I told him that credit is not perfect he said that we could partner up on a deal or two while I get good on paper (working on my credit now) so that is pretty exciting.

I'm really just trying to spend as much time as possible with my family this holiday season, in the past when I lived in charlotte I was always working around this time of year because I worked at bestbut(retail sucks , ugh) but now I have the freedome to not only bee able to afford to buy nice gifts for everyone, but I also have the tiem freedom to be able to spend it with my loved ones... that's what it's about!

Well, that's it for now! I got some more exciting news to share with everyone.. verrryyy soon ;)

LaTa!

Dennis

Happy Thanksgiving!

Well, Happy Thanksgiving everyone! Ask yourself, what are you thankful for?!

ME? I'm Thankful for having an incredible family to share lots of love and an amazing group of friends who I can rely on and an incredibly beautiful girlfriend who has my back!

AnD A GREAT SUPPORTING REI GROUP!

Enjoy, eat lots!

Dennis

The shortsale bug is biting me again.

Well, i've had 2 days with almost nothing to do.. I'm off for thanksgiving break! Techincally i shoulda gone to school on monday and today but I got all my assignments in so I figured I'd take the week off!

Tomorrow I have 6 houses to go check out, i'm determined to go look at all 6 and make 6 offers.

I had a phone call today with a coutner on the Blackmoor property, but I have to call back to see what the counter price is.. I also got a email about another counter but the seller only came down 800 bucks lol we're about 10 grand off! haha and I aint budgin!

SHORT SALES!

Well, if you have follwed from the beginning you'll know this was my first strategy of interest.. and lately i've been thinking about getting back into the game possibly, I can get short sale leads all day doing my own lead generation techniques.. but working them is the hard part, I know of several people locally and a guy nationally that is able to work short sale leads, and you just pay them once the deal is approved, i may look into this.

Anyway, i'm going to goto bed so I can get up early and go check out houses!

wish me luck!

Dennis

4 Houses, 3 Offers

Wasuuuuuuuup?

Well, today I was able to check out 4 houses and made 3 offers. Most of these houses are cookie cutter, with very little issues, paint, carpet, bathroom, fixtures.. you know the norm. One of the houses was a contemporary house (I like these in a weird sort of way) off a dirt road. I don't have any buyers that will want a hosue on a dirt road.. unless ofcourse the price is right, but my offer would be sooo low I don't forsee it even being worth offering, i know that goes against the rule of wholesaling. I'm just going to watch for reduction for a lil while.

I made a new contact as well with a lady who owns 130 something hosues (commercial and residential) in the area.. she wants to buy hosues but she buys very cheap so it may be tough to assign hosues to her.

Well, i'm going to get theses offers ready to fax over, i'm also going to be resubmitting several offers in which I have not heard back on.

Enjoy your weekend!

Dennis