Last weekend I started to work out (spring break coming up soon) , and you know how after you work out hard you feel kinda sore? Well Monday I was feeling it.. but Monday night the soreness was turning into full blown achiness and a headache.. I went to bed early in an attempt to sleep it off.. well Tuesday morning, I could barely move.. i was so stiff, cold sweating just really bad.. so I called my GF after laying there helpless for hours to have her take me to the Dr.. I went to the dr and they did a throat swab on me (that crap made me puke) and nose swab.. but it all came up okay. I didn't have TOO much congestion, just a little because my sinuses are going crazy now..anyway after about 3 hours at the Dr office they told me i had some crazy virus infection. The Dr wrote me a note to be absent from school the whole week..you may be thinking that's awesome.. but really that means I need to make up a weekend worth of work and hardly have the time as it is.. so anyway, my energy is coming back a little I'm still really achy and go through spurts of being REALLY cold, last night i was so cold i started to tern blue..the dr said there wasn't much medicine he could give me for it, just fluids, rest, and Tylenol to manage the fever.
I checked my phone a little bit ago (this is literally the first time I've been on my laptop since Tuesday night) and I have a number of missed calls.. damn I hope I don't loose a deal over this. I can't really talk now my voice sounds really crazy :(
Well, i think i gotta go lay back down im startig to get cold again lol
Dennis
Thursday, February 12, 2009
Monday, February 9, 2009
Yay :)
Good news comin up.. can't type much now got this crazy lab report to do but i did manage to get a deal out of those 17..and i have 2 possibles that are a weak possible.. but you never know.
I did the grossest necropsy (autopsy) on a 80lb German Shepherd today..it ate rat poison (anti coagulant..prevents blood from clottin)..poor dog basically drown internally.. moral of the story DON'T LET YOUR DOG GET TO RAT POISON!
hoLLa i'll be back tomorrow or next day with the good news :)
Dennis
I did the grossest necropsy (autopsy) on a 80lb German Shepherd today..it ate rat poison (anti coagulant..prevents blood from clottin)..poor dog basically drown internally.. moral of the story DON'T LET YOUR DOG GET TO RAT POISON!
hoLLa i'll be back tomorrow or next day with the good news :)
Dennis
Friday, January 30, 2009
6 Counters hopefully 1 approval and ..no buyer??
Okay, so from all the offers I sent out last week, I managed to get a few counters and one is looking like it will be accepted so far. However..
The buyer situation:
All week, part of me has been scared to think about what if i get one accepted because i don't really have a buyer who is willing to buy a lot of houses right now -- or so i thought.
So a few days ago, i got my first counter it was from a listing agent who i've done a deal with before, we're close enough to where i can tell him some some things.. anyway, i was telling him my situation and how i have a number of offers out there with no buyer and how i was scared to get one accepted. He told me of a guy..(don't you love those) who is buying a lot of properties in the area under the radar. He talked to the guy for me, then the next day i got a phone call from him. He's a guy who has a lot of cash and is buying up properties in greensboro and in winston salem (neighboring city) anyway, so we chatted for a little and I told him about the deals that I have been able to pick up and about the offers i have out there, we'll he claims that he wants to buy 2 a week (which if i increase my production i'm sure i can supply ;)) but after reading tampasteph's blog you never know some of these self proclaimed big shots are worth a dime..but i may test him out with the first property i get accepted.
So-that's the new guy.
I just got back from meeting with my all time favorite buyer, he is very close to have more financing power lined up, he said he will have more then he had a few weeks ago, he was pretty excited, and that passed down to me :) so i'm not so sccared about the 17 offers out there floating around.
I'm going to amp up my "finding a buyer" activity, just in case.. cause' it's a scary feeling.. it seems like the world is crashing down around you when you run out of people to buy stuff from you.
That's about it for this week.
Outsourcing: my ebay biz being outsourced is like, the greatest thing since friend rice.. although it's not on autorun , it's getting closer to it, my efficiency is raising, i may be able to pick up more and more products. As long as I can oversea the operation, that's good enough.
PS: I'm thinking about starting up a small mastermind group in my area.. not necessarily real estate only related but any business. There are a lot of young people in various businesses in my area I talk to regularly and we always have good information to share.. so if i can get us all together for lunch and just discuss business..
Well, sorry for the long post!
laTa!
Dennis
The buyer situation:
All week, part of me has been scared to think about what if i get one accepted because i don't really have a buyer who is willing to buy a lot of houses right now -- or so i thought.
So a few days ago, i got my first counter it was from a listing agent who i've done a deal with before, we're close enough to where i can tell him some some things.. anyway, i was telling him my situation and how i have a number of offers out there with no buyer and how i was scared to get one accepted. He told me of a guy..(don't you love those) who is buying a lot of properties in the area under the radar. He talked to the guy for me, then the next day i got a phone call from him. He's a guy who has a lot of cash and is buying up properties in greensboro and in winston salem (neighboring city) anyway, so we chatted for a little and I told him about the deals that I have been able to pick up and about the offers i have out there, we'll he claims that he wants to buy 2 a week (which if i increase my production i'm sure i can supply ;)) but after reading tampasteph's blog you never know some of these self proclaimed big shots are worth a dime..but i may test him out with the first property i get accepted.
So-that's the new guy.
I just got back from meeting with my all time favorite buyer, he is very close to have more financing power lined up, he said he will have more then he had a few weeks ago, he was pretty excited, and that passed down to me :) so i'm not so sccared about the 17 offers out there floating around.
I'm going to amp up my "finding a buyer" activity, just in case.. cause' it's a scary feeling.. it seems like the world is crashing down around you when you run out of people to buy stuff from you.
That's about it for this week.
Outsourcing: my ebay biz being outsourced is like, the greatest thing since friend rice.. although it's not on autorun , it's getting closer to it, my efficiency is raising, i may be able to pick up more and more products. As long as I can oversea the operation, that's good enough.
PS: I'm thinking about starting up a small mastermind group in my area.. not necessarily real estate only related but any business. There are a lot of young people in various businesses in my area I talk to regularly and we always have good information to share.. so if i can get us all together for lunch and just discuss business..
Well, sorry for the long post!
laTa!
Dennis
Monday, January 26, 2009
17 Confirmed offers sent and some trouble over the horizon
Okay first things first. I was able to get 17 offers sent out! I can't believe it.. it took me about 3 hours to write everything up (prolly a lil less) but i was able to get it done, they didnt go out friday, they went out Saturday.
Hopefully I will see some action this week :) Surprised, my phone didnt ring today.. but I know it will ring tomorrow :)
I had a meeting on friday with my favorite buyer! The guy that buys everything, literally.. and well not so good news :( He said that one of his local banks is basically failing, they are no longer funding RE investors, he had a $500k line with them, then ANOTHER one of his banks called him up with similar news. only he had about a million dollars through them (that sounds so weird to write lol) but it sucks, because now he is left with about 500k through another source, and 250 of it is being used. So he's desparatly trying to find more outlets.. he has assets and good credit :) so if anyone reading has about 2mil to lend let me know i know the perfect person :) / shameless add .. anyway, yea so that was a blow, he's trying to get his one line of 500k upto about a million, they may be able to.. but we will see.
This is kinda a blow to me, i've been so lazy in terms of finding more buyers because this guy was so reliable.. but you know what they say, can't put all your eggs in 1 basket. It's scary now though, i hope you can find some more outlets. There are not a whole heap of people buying stuff in greensboro right now, and the ones that are want to buy so cheap , they will get mad if I make more then $1000 on a deal, jerks. Well that's about it.. I have another meeting with him this week, hopefully he will have better news!
If I get one, or some of these offers approved..then i better get rollin finding buyers.. oh yea, my girl who is making my lists for me just sent me another list that about doubles last weeks! There is so many properties on the market that are waiting to get scooped up, damn i wish i had a lot of cash.
I NEED TO FIND BUYERS!!!!!!! arg
Sunday, I lost a classmate of mine unexpectedly so that was kinda rough. My heart and prayers are going out to his family....a genuinely good guy, and we shared the same name.
Dennis
Hopefully I will see some action this week :) Surprised, my phone didnt ring today.. but I know it will ring tomorrow :)
I had a meeting on friday with my favorite buyer! The guy that buys everything, literally.. and well not so good news :( He said that one of his local banks is basically failing, they are no longer funding RE investors, he had a $500k line with them, then ANOTHER one of his banks called him up with similar news. only he had about a million dollars through them (that sounds so weird to write lol) but it sucks, because now he is left with about 500k through another source, and 250 of it is being used. So he's desparatly trying to find more outlets.. he has assets and good credit :) so if anyone reading has about 2mil to lend let me know i know the perfect person :) / shameless add .. anyway, yea so that was a blow, he's trying to get his one line of 500k upto about a million, they may be able to.. but we will see.
This is kinda a blow to me, i've been so lazy in terms of finding more buyers because this guy was so reliable.. but you know what they say, can't put all your eggs in 1 basket. It's scary now though, i hope you can find some more outlets. There are not a whole heap of people buying stuff in greensboro right now, and the ones that are want to buy so cheap , they will get mad if I make more then $1000 on a deal, jerks. Well that's about it.. I have another meeting with him this week, hopefully he will have better news!
If I get one, or some of these offers approved..then i better get rollin finding buyers.. oh yea, my girl who is making my lists for me just sent me another list that about doubles last weeks! There is so many properties on the market that are waiting to get scooped up, damn i wish i had a lot of cash.
I NEED TO FIND BUYERS!!!!!!! arg
Sunday, I lost a classmate of mine unexpectedly so that was kinda rough. My heart and prayers are going out to his family....a genuinely good guy, and we shared the same name.
Dennis
Thursday, January 22, 2009
15 Offers going out friday (plus 3 more possibles)
Wow, I got a lot done this week, in a short amount of time.. atleast I think so.
Tuesday I went out and looked at a number of houses , and today I did the same before class.
I drove up to one of the houses that was on my list and I notied a 4 sale sign at the hosue next to it, the sign was from the same guy who I purchased the last house from.. so I called him up asked what it was listed at and got the lock box.. sure enough it's a REO / possibly a good deal..
Anyway, so I have 15offers that will be sent tomorrow, and I'm meeting with my favorite buyer.. We're gonna be going over a few things.
there are 3 more houses I didn't get the chance to look at today, but I will try to get out there tomorrow, so that will be 18 houses.
And so far my ratio is 1:11 , so out of these 18 i better get atleast 1 deal lol.
well, time to get some homework done.
I'll post again with an update (if i was able to get all thsoe offers submitted or not)
Dennis
Tuesday I went out and looked at a number of houses , and today I did the same before class.
I drove up to one of the houses that was on my list and I notied a 4 sale sign at the hosue next to it, the sign was from the same guy who I purchased the last house from.. so I called him up asked what it was listed at and got the lock box.. sure enough it's a REO / possibly a good deal..
Anyway, so I have 15offers that will be sent tomorrow, and I'm meeting with my favorite buyer.. We're gonna be going over a few things.
there are 3 more houses I didn't get the chance to look at today, but I will try to get out there tomorrow, so that will be 18 houses.
And so far my ratio is 1:11 , so out of these 18 i better get atleast 1 deal lol.
well, time to get some homework done.
I'll post again with an update (if i was able to get all thsoe offers submitted or not)
Dennis
Tuesday, January 20, 2009
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
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
Monday, January 19, 2009
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:
Off to the MLK Parade!
He was assassinated the day after this speech:
Saturday, January 17, 2009
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
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
Thursday, January 15, 2009
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
just thought i'd share the update
Dennis
Tuesday, January 13, 2009
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
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
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