Friday's here. Yeah! Even as someone that has been self-employed (read: self-empowered) for almost twelve years, I STILL get excited when Fridays arrive. There's a sense of relief for Saturday and Sunday and not having to be outta bed at O'Dark-Thirty, getting the oldest daughter ready for school, etc.
Today's also a big day for the Jones household. It's Grandparent's Day but even more important than that: It's Lynia, my youngest daughter's birthday! She turns TWO!
We're having a big bash for her today at the house - cupcakes, ice cream, balloons, etc. It's going to be a wild party!
So, let me get you a couple brief, wise, powerful tips on managing your time as a real estate investor:
1) if you can't do all you want to do, PARTNER with someone that can help you. I brought on 2 people, Tom and Kevin, to help me with my residential home buying business. It's a lot of work for one person and gee, with all the other things to keep me busy, the last thing I need is another "task," so Kevin and Tom handle the heavy lifting for me and we split the profits equally. It's a great arrangement, but more importantly, it keeps me in the game and keeps me buying properties and keeps the cash flow up that otherwise might be erratic since my time commitment would be as well.
2) OUTSOURCE. These days, there's people that can do just about EVERYTHING but meet wit Sellers for your business. You can hire PATLIVE (click here: ) to take the calls and you can hire SalesTeam Live (click here: ) to handle the marketing. You are then relegated to reviewing/prescreening deals which takes seconds and meeting with sellers (you shouldn't ever have to meet with a buyer - if you are, you need help managing the Selling PROCESS and that's a subject too lengthy for his BLOG).
Just taking care of the inbound calls and marketing will free you up. I know Dentists that are working 30 to 40 hours a week, two, three and FIVE kids at home and they are still finding 10 hrs (which is enough) to devote to their real estate businesses and they are OUT-EARNING their dental practices or at least have a comparable income from their investing business.
Love to have your comments/thoughts...Post 'em and if you haven't yet, check out the 30-day, $9.95 trial at SOREM...the link is below.
Adios and have a great weekend. I'm going to grab some lunch with James (and do our first-ever "Marketing Beer Cast" - watch for more info on this - it'll be a HUGE hit!) and then head home to a fun birthday party! Later!
P.S. If you're a dentist reading this and you'd like to AUTOMATE NP referrals, visit this link - this is a timely link, so if you're reading it after Feb 27th, it likely won't apply!
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.SecretsofRealEstateMillions.com
Friday, February 22, 2008
Monday, February 18, 2008
Another SUCCESS Story from the Trenches!
This'll take some doing for you to get to it, but you can by doing the following:
1) click on http://www.goffn.com and scroll down to where it says, mid-page, Deal of the Month Winner! and click there to read the story.
2) read the story of Dr. Stephen Blank and his wife, Jean!
I want to personally congratulate Dr. Blank on his awesome deal!!! They are graduates of the Real Estate Boot Camp for Busy Dentists and were referred to it by Greg Sneyd and the Crown Council! Way to go!!!
Best, Jerry
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.SecretsofRealEstateMillions.com
1) click on http://www.goffn.com and scroll down to where it says, mid-page, Deal of the Month Winner! and click there to read the story.
2) read the story of Dr. Stephen Blank and his wife, Jean!
I want to personally congratulate Dr. Blank on his awesome deal!!! They are graduates of the Real Estate Boot Camp for Busy Dentists and were referred to it by Greg Sneyd and the Crown Council! Way to go!!!
Best, Jerry
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.SecretsofRealEstateMillions.com
Friday, February 15, 2008
How to Find Motivated Sellers
Happy Friday to you all.
I've attached an email from a Central Oregon developer sitting on some absolutely gorgeous lots in Sunriver, very close to our 2nd home.
You'll notice the sweet deal they have going - 2 yrs ago, you'd NEVER have seen an offer like this, however, an all-cash offer might have gotten you noticed as you clamored to compete with other home builders just to get a lot reservation.
In the Feb issue of the LOS newsletter, I'll go over some of the things to watch out for with deals like this. But overall, these can be incredibly lucrative, especially if you have a crystal ball and you have a good feeling and indicators are pointing to the bottom of market with an upswing around the corner.
Have a great weekend, Jerry
PS If you want to see some decent marketing, get on the email list of Caldera Springs. Of the many real estate cos. I've rec'd marketing from, these folks are some of the best...And I don't hand out compliments to just anyone.
Begin forwarded message:
From: Caldera Springs Team <CalderaSprings@reply.ms00.net>
Date: February 15, 2008 8:38:35 AM PST
Subject: Exceptional Homesite Opportunity at Caldera Springs
 | |||||||||||||||
| No Payments. No Interest. No Dues... | |||||||||||||||
 |   There has never been a better time to become part of the growing community at Caldera Springs. For a limited time, the developer is offering a selection of homesites with seller financing (to qualified purchasers), with no payments, no interest, and no association dues ranging from 10 to 20 months! This limited offering includes a selecton of spacious, forested homesites for maximum privacy as well as a few special water view homesites. This is your opportunity to secure your place in this extraordinary new community, and begin enjoying the Caldera Springs lifestyle. Our last release sold out in just one week! You don't want to miss out. Contact your Sunriver Realty agent immediately to learn more, as this special offer ends March 31. (541) 593-3000 or (800) 781-9462 Learn More About Caldera Springs»  |
| |||||||||||||
Click here to forward this email to a friend!
Caldera Springs LLC / Sunriver Realty
PO Box 3650
57057 Beaver Drive
Sunriver, OR 97707
Remove yourself from future email here or reply to this message with the word 'remove' in your email message subject line.
This message was sent to jerryjonesdirect@yahoo.com
pmguid:cf.56o3.1eb
pmguid:cf.56o3.1eb
Jerry A. Jones
3488 Liberty Rd S
Salem, OR 97302
www.jerryjonesdirect.com
P: (503) 339-6000
F: (503) 218-0557
Tuesday, February 12, 2008
Time Management for Real Estate Investors
Time and again I see people all around me NOT using every minute of every day to be productive...but have fun, too.
One of my mentors has this militant thing going with his time management. He's "right-on" when it comes to about 88% of what he talks about. The other 12% is pure crap.
Part of the reason I disagree on that 12% (then I will let it go) is that he has no life outside of his work, job, profession, career, whatever label you want to give it. His life consists of a wife, dog and, now, grown step-child.
His day is NOT interrupted with text msgs, or txt pics from his wife with the cute little baby doing cute little things (like mine is and I wouldn't have it any other way), nor is it interrupted, likely, with emergency trips to the hospital because junior stuffed a peanut up into his nose. And, then, there's sports, after-school activities, karate (for YOU and the kids), in-laws, out-laws and trying to keep up with all the crap some regulatory body is throwing at you (here's one: Jerry, you've got to install an amalgam separator in the lab - the state requires it! What? huh? How am I supposed to keep up on THAT crap, too?).
But, I guess, like anything, I CHOSE my life and frankly, the constant "life-management" challenges that go with it.
So, maybe, then, the idea of Time Management is just crap. Life Management is more like it.
Crisis happens every day, or so it seems. Can't choose to not deal with those. (Here's how my mentor handles those: he isolates himself - and yeah, it can work, for a while.)
Enough crap - this is about life management so let me save you some time and get to some key concepts I use and you might find useful as well:
1) block out time (got this one from my mentor). For example, tomorrow morning, from 8:30 until 10:30, I will be at my office, but the door to my office suite will be locked and I won't respond to knocking, etc. I will be working on a draft for the Raw Land Hands-on Workshop coming up in May. It'll be a substantial amount of work preparing that info and from it will be created the promotion info. Then, from 10:30 until 10:45, draft email replies to various folks on various projects, including the new 65 acre project - will be making contact with a county land planner and get some feedback on ideas we have via phone. The rest of my day, INCLUDING lunch is blocked in similar manners. I leave at 3PM to go get my oldest from school to haul her to b-ball practice. From there, home, let the kids beat on me (I even make time for this - it's a routine of course, but, it's BLOCKED in my head and no interruptions permitted, not even phone calls from my parents!), eat dinner, maybe go to karate, depending on the evening of the week, get kids ready for bed, then head to my office to write and catch up what didn't get done during the day.
2) LIMIT and frankly PROHIBIT drop-bys at my office. I keep an office for my convenience, no one else's. I rarely get an appt to my office and when I do, it's based on my convenience.
3) The only incoming phone line in my office suite is my cell phone. Not many folks that call get an answer. Just my wife, and sometimes, not even her. Again, phone is for my convenience, not others'. Oh, my wife will text or call twice if it's an emergency or just leave a msg. Hey, what did we do before cell phones anyway? If you're operating on a pt, you don't get up to answer the phone. Why is THAT more impt than what I am working on? It AIN'T (granted, I'm not surgeon, but, I am saving my OWN life by not going crazy always answering the phone when it rings!)
4) If I am BUYING something, I expect to get waited on. Let me put that in context so I don't get hate mail. (BTW, some jerk sent me an email today calling me a "fraud." Guess that means students from my 3 boot camps that are pulling down tens of thousands a month from real estate investing are frauds, too. Poor sap doesn't get it. He thinks money just automatically deposits itself into his bank account. People like that drive me craaaazy. Blaming ME for their inability to get it done. The nerve. His parents must've fed him with a silver spoon and he's probably allergic to real work.) When I am using my money to get something in exchange - a car, a house, an investment property, whatever, then I expect the seller to help me get it done. He who has the Gold makes the rules. Period. If I don't get the cooperation I need to get things done based on my schedule, I, as Ron LeGrand(R) would say, WHACK 'EM. I don't have time for people that want me to work too hard to buy something from them.
5) "Out of all the crap that I need to get to today, what will PUT MONEY in the bank the quickest and with the least amount of time and money investment." That, everyday, is the question I ask myself and that, right there, determines the order in which tasks get done. Actually, two things: a) i ask myself this the night before, and b) i am also careful to ask, following that initial question, "What do I need to do today to AVOID costing myself unnecessary stress, irritability, and/or MONEY?" Those tasks follow closely thereafter.
OK, enough for today. I'll post more on Time Management (LIFE MANAGEMENT) tips for us investors later. The NEXT tips will be related SPECIFICALLY to real estate, commercial mostly!
Adios.
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.SecretsofRealEstateMillions.com
One of my mentors has this militant thing going with his time management. He's "right-on" when it comes to about 88% of what he talks about. The other 12% is pure crap.
Part of the reason I disagree on that 12% (then I will let it go) is that he has no life outside of his work, job, profession, career, whatever label you want to give it. His life consists of a wife, dog and, now, grown step-child.
His day is NOT interrupted with text msgs, or txt pics from his wife with the cute little baby doing cute little things (like mine is and I wouldn't have it any other way), nor is it interrupted, likely, with emergency trips to the hospital because junior stuffed a peanut up into his nose. And, then, there's sports, after-school activities, karate (for YOU and the kids), in-laws, out-laws and trying to keep up with all the crap some regulatory body is throwing at you (here's one: Jerry, you've got to install an amalgam separator in the lab - the state requires it! What? huh? How am I supposed to keep up on THAT crap, too?).
But, I guess, like anything, I CHOSE my life and frankly, the constant "life-management" challenges that go with it.
So, maybe, then, the idea of Time Management is just crap. Life Management is more like it.
Crisis happens every day, or so it seems. Can't choose to not deal with those. (Here's how my mentor handles those: he isolates himself - and yeah, it can work, for a while.)
Enough crap - this is about life management so let me save you some time and get to some key concepts I use and you might find useful as well:
1) block out time (got this one from my mentor). For example, tomorrow morning, from 8:30 until 10:30, I will be at my office, but the door to my office suite will be locked and I won't respond to knocking, etc. I will be working on a draft for the Raw Land Hands-on Workshop coming up in May. It'll be a substantial amount of work preparing that info and from it will be created the promotion info. Then, from 10:30 until 10:45, draft email replies to various folks on various projects, including the new 65 acre project - will be making contact with a county land planner and get some feedback on ideas we have via phone. The rest of my day, INCLUDING lunch is blocked in similar manners. I leave at 3PM to go get my oldest from school to haul her to b-ball practice. From there, home, let the kids beat on me (I even make time for this - it's a routine of course, but, it's BLOCKED in my head and no interruptions permitted, not even phone calls from my parents!), eat dinner, maybe go to karate, depending on the evening of the week, get kids ready for bed, then head to my office to write and catch up what didn't get done during the day.
2) LIMIT and frankly PROHIBIT drop-bys at my office. I keep an office for my convenience, no one else's. I rarely get an appt to my office and when I do, it's based on my convenience.
3) The only incoming phone line in my office suite is my cell phone. Not many folks that call get an answer. Just my wife, and sometimes, not even her. Again, phone is for my convenience, not others'. Oh, my wife will text or call twice if it's an emergency or just leave a msg. Hey, what did we do before cell phones anyway? If you're operating on a pt, you don't get up to answer the phone. Why is THAT more impt than what I am working on? It AIN'T (granted, I'm not surgeon, but, I am saving my OWN life by not going crazy always answering the phone when it rings!)
4) If I am BUYING something, I expect to get waited on. Let me put that in context so I don't get hate mail. (BTW, some jerk sent me an email today calling me a "fraud." Guess that means students from my 3 boot camps that are pulling down tens of thousands a month from real estate investing are frauds, too. Poor sap doesn't get it. He thinks money just automatically deposits itself into his bank account. People like that drive me craaaazy. Blaming ME for their inability to get it done. The nerve. His parents must've fed him with a silver spoon and he's probably allergic to real work.) When I am using my money to get something in exchange - a car, a house, an investment property, whatever, then I expect the seller to help me get it done. He who has the Gold makes the rules. Period. If I don't get the cooperation I need to get things done based on my schedule, I, as Ron LeGrand(R) would say, WHACK 'EM. I don't have time for people that want me to work too hard to buy something from them.
5) "Out of all the crap that I need to get to today, what will PUT MONEY in the bank the quickest and with the least amount of time and money investment." That, everyday, is the question I ask myself and that, right there, determines the order in which tasks get done. Actually, two things: a) i ask myself this the night before, and b) i am also careful to ask, following that initial question, "What do I need to do today to AVOID costing myself unnecessary stress, irritability, and/or MONEY?" Those tasks follow closely thereafter.
OK, enough for today. I'll post more on Time Management (LIFE MANAGEMENT) tips for us investors later. The NEXT tips will be related SPECIFICALLY to real estate, commercial mostly!
Adios.
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.SecretsofRealEstateMillions.com
Monday, February 11, 2008
Real Estate Roundup: Moyer remaking derelict hotel into biz-class accommodations - Portland Business Journal:
With all the talk of problems starting to infect commercial real estate lending as well as the obvious problems with residential lending, you'd think the world would come to a screeching halt.
Below is an article link on a cool looking project starting up in Portland - some RE-development.
I haven't talked much about redevelopment, but frankly, I'm a huge fan.
Check out this article for details. Next, take action and look around your community to see what kinds of opportunities might be awaiting you in the redevelopment side of things.
I can't think of a better, more noble way to preserve our history in cities.
Oh, one last thing: Today my partner Tom and I had a meeting with a couple of local bankers we've done some business with to get an idea what's happening on the lending front and what kinds of criteria they're looking at for different types of loans: A&D loans, raw land and multi-family were the subject of our conversation. It's helpful info as we continue to put together other projects and know in advance how the bank would like to see the finance side of things structured.
Go make an offer!(TM)
Jerry
Real Estate Roundup: Moyer remaking derelict hotel into biz-class accommodations - Portland Business Journal:
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.SecretsofRealEstateMillions.com
Below is an article link on a cool looking project starting up in Portland - some RE-development.
I haven't talked much about redevelopment, but frankly, I'm a huge fan.
Check out this article for details. Next, take action and look around your community to see what kinds of opportunities might be awaiting you in the redevelopment side of things.
I can't think of a better, more noble way to preserve our history in cities.
Oh, one last thing: Today my partner Tom and I had a meeting with a couple of local bankers we've done some business with to get an idea what's happening on the lending front and what kinds of criteria they're looking at for different types of loans: A&D loans, raw land and multi-family were the subject of our conversation. It's helpful info as we continue to put together other projects and know in advance how the bank would like to see the finance side of things structured.
Go make an offer!(TM)
Jerry
Real Estate Roundup: Moyer remaking derelict hotel into biz-class accommodations - Portland Business Journal:
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.SecretsofRealEstateMillions.com
Sunday, February 10, 2008
Oregon Commercial Property Listings - CIMLS.com
Oregon Commercial Property Listings - CIMLS.com
Just found (for the 2nd time) this great website to search local commercial property listings. Competes with loopnet.com and I've already pre-screened 3 properties on here, just in Oregon.
Check it out!
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.SecretsofRealEstateMillions.com
Just found (for the 2nd time) this great website to search local commercial property listings. Competes with loopnet.com and I've already pre-screened 3 properties on here, just in Oregon.
Check it out!
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.SecretsofRealEstateMillions.com
Thursday, February 7, 2008
Negotiations...Gotta know what you're doing
For almost 8 months now I have been working with a seller on his bare land.
We started with a simple approach I use often which is asking the seller to carry back a 2nd so we can get bank financing on the 1st.
Well, long story short, he fought me tooth and nail, got mad at me, increased the price, threatened to sell it to someone else, and so on...all over an 8 month period.
I kept my cool (which is hard sometimes), laughed it off when he'd do something odd, and just stuck to my guns on my offer, giving a little here and there but, also, taking (asking) for concessions when I could get them.
Today, finally, I rec'd via email, a confirmation from my broker and then a scanned document from the seller, and would you be surprised that the terms AND PRICE are almost IDENTICAL to what I originally started out at?
In conceding to his counter to close sooner (he's making interest strokes on the loan he hs on the property and is tired of the debt service), I asked for ALL of his due diligence to include surveys, appraisals, and so forth.
So, as of today, we have an agreement to purchase the land.
What we do with it is going to be quite amazing. Several exit strategies exist for us, and we'll take the one with the most profit and the least resistance.
I'm not going to TRUST that info, but it's a starting point for my team to begin at and then we're in the business of verifying his info and not have to start the whole due diligence process at square one, saving hugely valuable time.
Anyway, in this month's issue of the LOS newsletter for my Platinum LOS Members, I cover, in-depth, negotiation strategies from the Pros like Roger Dawson and Trump's George Ross and how they apply to deals I am working on now.
For more info, visit the SOREM site at www.SecretsofRealEstateMillions.com
The issue will be hitting mailboxes early next week.
Now, Go Make an Offer!(TM)
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.SecretsofRealEstateMillions.com
We started with a simple approach I use often which is asking the seller to carry back a 2nd so we can get bank financing on the 1st.
Well, long story short, he fought me tooth and nail, got mad at me, increased the price, threatened to sell it to someone else, and so on...all over an 8 month period.
I kept my cool (which is hard sometimes), laughed it off when he'd do something odd, and just stuck to my guns on my offer, giving a little here and there but, also, taking (asking) for concessions when I could get them.
Today, finally, I rec'd via email, a confirmation from my broker and then a scanned document from the seller, and would you be surprised that the terms AND PRICE are almost IDENTICAL to what I originally started out at?
In conceding to his counter to close sooner (he's making interest strokes on the loan he hs on the property and is tired of the debt service), I asked for ALL of his due diligence to include surveys, appraisals, and so forth.
So, as of today, we have an agreement to purchase the land.
What we do with it is going to be quite amazing. Several exit strategies exist for us, and we'll take the one with the most profit and the least resistance.
I'm not going to TRUST that info, but it's a starting point for my team to begin at and then we're in the business of verifying his info and not have to start the whole due diligence process at square one, saving hugely valuable time.
Anyway, in this month's issue of the LOS newsletter for my Platinum LOS Members, I cover, in-depth, negotiation strategies from the Pros like Roger Dawson and Trump's George Ross and how they apply to deals I am working on now.
For more info, visit the SOREM site at www.SecretsofRealEstateMillions.com
The issue will be hitting mailboxes early next week.
Now, Go Make an Offer!(TM)
Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.SecretsofRealEstateMillions.com
Subscribe to:
Posts (Atom)
