Well, since the Seller sent me his reply to my original offer and "accepted" it by signing in the right spot for me, wrong spot for him, he has not replied to any of the efforts of his broker he hired to sell the property for him. Tells me he is not really motivated. And, I may want to just move on to the next deal.
Lots happening this week: Partner and I closed on one of our Subject To houses on in North Salem - Repairs there ended up being about $1000 vs. the $4000 we had budgeted for and had bids for. That's ALWAYS a nice surprise. The net on that property, if the seller's cash out in the next year, will be close to $19,000. Tom estimated he has about 9 hours. I have about that as well. That's about a grand an hour. OK, not bad.
I will be going over this deal IN DETAIL at the upcoming event in November. Can't WAIT!
We have two properties we should have under contract here in Salem and about a 30-min drive out of town in a quaint little town called Mt Angel. More to come on that. They replied to our marketing efforts - letters.
Here's some killer advice: REVIEW craigslist.com and see what's for sale in your area. I found SEVERAL properties last night in about a half hour of searching, where I have started dialogs with 3 sellers and 1 seller of a multi-lot subdivision (17 lots) which I am meeting next week.
The economic shift with the mortgage industry/lending problems has begun to shake things up. We've not seen the last and I am sure, there's more fun ahead!
Tomorrow morning, at 9AM PST, I am interviewing Ron LeGrand(R) and Ted Thomass(TM) on a preview Teleseminar. You're welcome to join.
Here's the call-in info:
Phone: (212) 786-7191
Passcode: 3628712#
Time: 9AM PST, NOON EST
Date: August 29th, 2007
Have a killer week and great Labor Day Weekend! Enjoy the summer - it's getting away quickly!
~Jerry
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.RealEstateForBusyDentists.com
Tuesday, August 28, 2007
Monday, August 20, 2007
Finally...
Some of you have asked me about an intermediate-type newsletter - a step below the LOS Program - to help get your real estate investing business started, particularly in the residential marketplace. I am happy to report I have FINALLY finished the draft of the very first issue!!
If you'd like more information on the brand-new THE REAL ESTATE INVESTING LETTER(tm), drop me an email at jerry@jerryjonesdirect.com. I will send you a brief intro and ordering information.
If my Look-Over-the-Shoulder program is of interest, contact Melody in my office @ 503-339-6000. She would be happy to supply additional info!
Watch the BLOG this week. Good chance I will have an update on the 60 acre deal I reported on earlier, where the Seller screwed up in giving me a completed sales agmt.
Until then...Have a great week, Jerry
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.RealEstateForBusyDentists.com
If you'd like more information on the brand-new THE REAL ESTATE INVESTING LETTER(tm), drop me an email at jerry@jerryjonesdirect.com. I will send you a brief intro and ordering information.
If my Look-Over-the-Shoulder program is of interest, contact Melody in my office @ 503-339-6000. She would be happy to supply additional info!
Watch the BLOG this week. Good chance I will have an update on the 60 acre deal I reported on earlier, where the Seller screwed up in giving me a completed sales agmt.
Until then...Have a great week, Jerry
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.RealEstateForBusyDentists.com
Friday, August 17, 2007
A Jet, Dentists & Better-than-Trump
Those of you getting the BLOG notifications via email will have already gotten this, or, perhaps the filters picked it up? If they did, here it is again. I'd like to invite my casual BLOG readers, too.
You don't get a chance like this very often so when you do, common sense would tell you: BE AVAILABLE!
Anyway...read below and you'll see what I am talking about!!
Enjoy your weekend...More to come, next week. It's heating up EVERYWHERE.
~Jerry
==============================================
From: jerry@jerryjonesdirect.com
Subject: Trump, a Jet and Dentists…What?
Date: August 17, 2007 11:15:08 AM PDT
To: jerry@jerryjonesdirect.com
Hi Jerry here.
Can you do me a favor? Pull out your calendar for August 29th and
look to see if you have 9AM PST (noon EST) available for about 60
minutes.
Why? Glad you asked.
This 60 minutes could (if you choose) affect your 2008 so
dramatically, you'll barely recognize 2007 and it could very well
be the last year of your life you are *forced* or have to practice
as a Dentist and earn a Dentist's income (nothing wrong with it,
but, hey, we can all use and invest more, right?)
Don't get me wrong. Dentistry has been and is good to me (I know, I
have a dental office my SofTouch Dental operates that I am lookin'
at right out the window). BUT, I'm not the fella that has to
practice it for a living. I just heard from a client and his direct
quote was, "...after 20+ years of doing dentistry my neck and back
have had enough!"
Look, it's not often you get to ask ANY question you want of a guy
that has a Gulfstream Jet, does what Trump does (only in my humble
opinion, BETTER than Trump) and has a monthly income in a month
(and sometimes in a day) most of us "high income Americans in the
top 1%" make in a year.
You've heard the saying, "If you want to be wealthy, do what
wealthy people do and get involved with them." You're not going to
get to the next level hangin' with the people that are below are at
the level you're at. PERIOD.
That said, I've asked my friend Ron LeGrand® (the guy with the Jet)
to spend SIXTY minutes (I can't tell you how much that'd cost if I
wanted it all for myself!) with YOU, ME and ANYONE else that wants
to join me for this once-in-a-lifetime call.
I'll send more details later, as in a day or two, but I wanted you
to quickly clear your schedule NOW so you could be sure to be
available .
This is a no-cost, no-charge call. A gift from me to you. More to
come. But, do clear out that hour, now. It'll be the best hour
you'll spend on the phone...ALL YEAR. I guarantee it. (If it's not,
you just let me know and I'll send you a $100 Starbucks Card for
your trouble...SERIOUSLY).
OK...talk to you soon. Have a good weekend, Jerry
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.RealEstateForBusyDentists.com
You don't get a chance like this very often so when you do, common sense would tell you: BE AVAILABLE!
Anyway...read below and you'll see what I am talking about!!
Enjoy your weekend...More to come, next week. It's heating up EVERYWHERE.
~Jerry
==============================================
From: jerry@jerryjonesdirect.com
Subject: Trump, a Jet and Dentists…What?
Date: August 17, 2007 11:15:08 AM PDT
To: jerry@jerryjonesdirect.com
Hi Jerry here.
Can you do me a favor? Pull out your calendar for August 29th and
look to see if you have 9AM PST (noon EST) available for about 60
minutes.
Why? Glad you asked.
This 60 minutes could (if you choose) affect your 2008 so
dramatically, you'll barely recognize 2007 and it could very well
be the last year of your life you are *forced* or have to practice
as a Dentist and earn a Dentist's income (nothing wrong with it,
but, hey, we can all use and invest more, right?)
Don't get me wrong. Dentistry has been and is good to me (I know, I
have a dental office my SofTouch Dental operates that I am lookin'
at right out the window). BUT, I'm not the fella that has to
practice it for a living. I just heard from a client and his direct
quote was, "...after 20+ years of doing dentistry my neck and back
have had enough!"
Look, it's not often you get to ask ANY question you want of a guy
that has a Gulfstream Jet, does what Trump does (only in my humble
opinion, BETTER than Trump) and has a monthly income in a month
(and sometimes in a day) most of us "high income Americans in the
top 1%" make in a year.
You've heard the saying, "If you want to be wealthy, do what
wealthy people do and get involved with them." You're not going to
get to the next level hangin' with the people that are below are at
the level you're at. PERIOD.
That said, I've asked my friend Ron LeGrand® (the guy with the Jet)
to spend SIXTY minutes (I can't tell you how much that'd cost if I
wanted it all for myself!) with YOU, ME and ANYONE else that wants
to join me for this once-in-a-lifetime call.
I'll send more details later, as in a day or two, but I wanted you
to quickly clear your schedule NOW so you could be sure to be
available .
This is a no-cost, no-charge call. A gift from me to you. More to
come. But, do clear out that hour, now. It'll be the best hour
you'll spend on the phone...ALL YEAR. I guarantee it. (If it's not,
you just let me know and I'll send you a $100 Starbucks Card for
your trouble...SERIOUSLY).
OK...talk to you soon. Have a good weekend, Jerry
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.RealEstateForBusyDentists.com
Wednesday, August 15, 2007
A Pro's Mistake? What Would YOU Do?
Depending on how you answer the question I am about to pose, will tell me what kind of person you are.
Just yesterday, I reviewed a P&S (purchase and sales) agmt. It was a counter-offer I rec'd back from a Seller.
On the 2nd to the last page, this Seller made a grave error. One that could really have cost him dearly.
He made it. It could've been HIS hard-learned lesson (and I am sure his broker would have been named in a lawsuit by him, so she is on the hook for potentially screwing up, too). But, I don't do business that way.
I made an offer on 65 acres. My offer was essentially half down and half in two yrs with an owner carry 2nd, essentially allowing me to get into the property for no money. [If you don't get what I just said, do yourself a favor and register for the upcoming boot camp in Orlando - Info at the site listed below.]
He initialed all pages which is req'd on Oregon RE forms used by brokers.
Then, on the last page, he also signed in the area stating that he accepted my offer. THEN, his broker, submitted a signed page to my broker, Kevin, with a counter.
See the issue?
He ACCEPTED my offer.
Legally, he's on the hook to sell it to me for what I offered. All I needed to do was send my EM (earnest money) in to Kevin and it's a done deal.
Now, he or his atty (trust me, it would have gotten to that point) would have argued INTENT - his INTENT was to counter. He made an honest mistake.
MY atty would have said, "Too bad. He's a seasoned investor familiar with contracts and so on. TOUGH."
What would you have done?
You get an idea of what I am doing, right?
I do unto others...you know.
More to come when I get the latest, which should be later today or this week before Friday.
Best, Jerry
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.RealEstateForBusyDentists.com
Just yesterday, I reviewed a P&S (purchase and sales) agmt. It was a counter-offer I rec'd back from a Seller.
On the 2nd to the last page, this Seller made a grave error. One that could really have cost him dearly.
He made it. It could've been HIS hard-learned lesson (and I am sure his broker would have been named in a lawsuit by him, so she is on the hook for potentially screwing up, too). But, I don't do business that way.
I made an offer on 65 acres. My offer was essentially half down and half in two yrs with an owner carry 2nd, essentially allowing me to get into the property for no money. [If you don't get what I just said, do yourself a favor and register for the upcoming boot camp in Orlando - Info at the site listed below.]
He initialed all pages which is req'd on Oregon RE forms used by brokers.
Then, on the last page, he also signed in the area stating that he accepted my offer. THEN, his broker, submitted a signed page to my broker, Kevin, with a counter.
See the issue?
He ACCEPTED my offer.
Legally, he's on the hook to sell it to me for what I offered. All I needed to do was send my EM (earnest money) in to Kevin and it's a done deal.
Now, he or his atty (trust me, it would have gotten to that point) would have argued INTENT - his INTENT was to counter. He made an honest mistake.
MY atty would have said, "Too bad. He's a seasoned investor familiar with contracts and so on. TOUGH."
What would you have done?
You get an idea of what I am doing, right?
I do unto others...you know.
More to come when I get the latest, which should be later today or this week before Friday.
Best, Jerry
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.RealEstateForBusyDentists.com
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