Just a heads-up. I've been testing a really cool BLOG tool that will allow me to post
a video BLOG.
I'll let you know as soon as it's operational and the first one has been posted!
This should be cool!
Oh...Gotta have a tip here, too, about real estate:
If you find yourself TRYING to make a deal work, go back and ask yourself, "Is this a MOTIVATED Seller/Buyer?"
If they are not motivated, sometimes, it's just easier to WHACK 'em (as Ron says) and move on!
They'll piss you off, steal your dreams and annoy the crap out of you.
YOU are in the driver's seat. YOU don't need to buy, so go find another, more motivated seller.
If you are SELLING, keep in mind, always, you should avoid situations of desperation. THAT happens when you buy wrong using YOUR money and paying too much.
OK..."see" ya soon...Jerry
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.RealEstateForBusyDentists.com
Sunday, September 30, 2007
Monday, September 24, 2007
Follow-up...and a PLUG for my friend Darin
Today, again, for the 900th time, follow-up proved to be the KEY to getting a deal done.
Here's the scenario: out of town owner I had reached via a mailing (YELLOW LETTER - and if you want info, email me and I will send it to you...KILLER way to get calls from out of town owners!) had agreed to an option on her property. It's a wholesale deal and probably close to $30,000 in repairs and Tom, Kevin and I aren't equipped for rehabs - we're into getting in and out quickly and leaving profit in the deal for the guys doing rehabs...There's $20k in profit from just our part of it.
I called her, reminded her what we're doing, what she'd agreed to and the very next day...an overnight letter shows via DHL with a signed option agreement.
Good as COLD, HARD CASH.
Had I not followed up with her and just gently nudged her along (no sledge hammer needed), who knows WHEN or IF the deal would have come through.
Anyway - 'nuff for now.
A quick plug here for my apartment and commercial property bud, Darin Garman. If you're NOT a member of his CIPOA, then visit www.garmanupdate.com and get more info. It's a no-brainer.
Darin has facilitated over a dozen units for me personally, to buy, this past year.
Check it out. Tell him I sent you. I don't get a commish or kickback...just good advice from one solo entrepreneur to another. Just do it!
In the next couple days, I have to make a trip to the coast for family reasons, but while there, I'll be looking into a property that's a full city block, across from a major development (think medical) where the owner's in deep and needs a life raft from his sinking ship.
My best to you and...Go Make An Offer!(TM)
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.RealEstateForBusyDentists.com
Here's the scenario: out of town owner I had reached via a mailing (YELLOW LETTER - and if you want info, email me and I will send it to you...KILLER way to get calls from out of town owners!) had agreed to an option on her property. It's a wholesale deal and probably close to $30,000 in repairs and Tom, Kevin and I aren't equipped for rehabs - we're into getting in and out quickly and leaving profit in the deal for the guys doing rehabs...There's $20k in profit from just our part of it.
I called her, reminded her what we're doing, what she'd agreed to and the very next day...an overnight letter shows via DHL with a signed option agreement.
Good as COLD, HARD CASH.
Had I not followed up with her and just gently nudged her along (no sledge hammer needed), who knows WHEN or IF the deal would have come through.
Anyway - 'nuff for now.
A quick plug here for my apartment and commercial property bud, Darin Garman. If you're NOT a member of his CIPOA, then visit www.garmanupdate.com and get more info. It's a no-brainer.
Darin has facilitated over a dozen units for me personally, to buy, this past year.
Check it out. Tell him I sent you. I don't get a commish or kickback...just good advice from one solo entrepreneur to another. Just do it!
In the next couple days, I have to make a trip to the coast for family reasons, but while there, I'll be looking into a property that's a full city block, across from a major development (think medical) where the owner's in deep and needs a life raft from his sinking ship.
My best to you and...Go Make An Offer!(TM)
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.RealEstateForBusyDentists.com
Saturday, September 8, 2007
How to get more deals done quicker.
Yesterday afternoon I came home to what I thought would be a full house. Nothing doing. Empty.
Occasionally I get the chance to just grab a frosty cold one out of my garage fridge and walk around my property with my dog, Ruby (she’s a JackShitPoodle – Jack Russell, Shitzu & Poodle and cute and happy as can be).
The weather was perfect – 75 or 80 degrees. Slight breeze. Clear Sky. Visibility was about 10 miles or so down onto the valley and over to the evergreen coast range. A picture-perfect day.
So Ruby and I just strolled around. The frosty one disappeared quickly; and I had an idea pop into my head at almost that very moment: How I could DOUBLE/TRIPLE the number of residential AND commercial deals I am doing, now, in a matter of days, weeks at the most.
It wasn’t just optioning everything I found (but, options are I think, the best tool in a real estate investor’s arsenal). It wasn’t hiring 2 or 3 more employees (I have enough and via the dental assisting school, just took on 4 more!).
It WAS one of those situations where the answer had been in front of me for a long time.
You’ve heard me talk about my former college room mate and good friend and broker on deals, Kevin, right?
Well, my thought was this: What if Kevin was RIGHT HERE, in TOWN and able to work with Tom and I on an everyday basis?
Could we get MORE or FEWER deals done?
Duh. The answer was as clear as a boring old Lager (I like IPAs if you’re into craft beers).
OF COURSE.
So, after a quick call to Tom to find out his opinion, I discovered he was completely on board, I called Kevin and asked him to thank about it, over this weekend, to see what in fact he REALLY thought of the whole deal: moving 2 kids and family about 3 hrs north…
Time will tell and I hope to talk to him Monday…
There are 2 lessons here: RELAX once in a while and your mind will clear up and cool ideas will come to you. Next, look around and think about WHO you could bring into your investing organization to help you hit your goals FASTER and in turn, bringing them up the ladder with you – the old helping others get what they want deal…It’s AWESOME!
Some updates: Registrations for the real estate boot camp are starting to really pour in. We’ll hit capacity for sure, so don’t delay if you have plans to attend (can’t understand why not? It’s going to be a killer 3-day event!)
The first issue of the Real Estate Investing Letter hit the streets last week. Sub info is available by emailing Melody in my office: melody@jerryjonesdirect.com.
Talk to you soon…
P.S. Here's a cool pic of Ron LeGrand(R) and I up at his lodge in Ketchikan, AK just a couple weeks ago. A nice Halibut for sure. If you love to fish and you'd like to try out Alaskan-Style fishing, here are two places I can't recommend enough: www.salmonfallsresort.com and my favorite brother's adventures: www.ThunderMountainanglers.com
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.RealEstateForBusyDentists.com
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