Naked Lady Real Estate, The Bare Truth About Real Estate Investing

To be an investor or not to be?

I am just exhausted.  Well tomorrow we will know if we got a house that we put an application on.  No we are not getting it on owner financing right off the bat.  He is interesed but not until we've been there for a while.  But the house is unbelieveable!!!!!!  4 bedrooms, in the hills, pool living, family room - 2700 sq ft.  Too good to pass up for sure.  We think it might be a tad expensive but we spend so much money every month on junk that we can save about 1200 dollars a month if we just do not go out 3 nights a week to eat and have drinks. Also - I waste so much food by shopping for food that I dont cook - I cant believe how wastful I am. 

Most important for me is that I start buying some houses and making a lot of MONEY SOON! WHich by soon I mean NOW. 

Why can't I just shut my pie whole?

Well last night - instead of just enjoying my night out with my boyfriend Sandy, I was diarrhea of the mouth and couldn't shut my pie whole.  All I did was talk about real estate investing and as I was "chatting" with Sandy I realized that I was starting to get this feeling of desperation.  But before I could "slow my roll" it was out of control. I just kept pushing the issue of wanting him to learn about the creative financing aspect of investing so that we can be partners in this business and for the 100th time he was letting me know that he really is not interested in crawling into this world with me.  He has not the desire to learn all this real estate investing like I do.  But he also thinks its unnecessary to "have to learn" anything about the "creative financing" aspect because "what's to learn? numbers are numbers".  He thinks that he doesn't need to know how we are structuring the deal or what our exit strategy should be in order to evaluate whether it's a good deal.  I beg to differ in a BIG WAY.  He speaks just like someone who has no idea about this investor world that I run in.  He's an outsider that kind of looks at all of us as a bunch of overzealous folks who spend to much time learning all this stuff when you basically just need to find a house, look at the numbers and buy it. 

Ahhh... if it were that easy - everybody would be a real estate millionaire....  it is true what they say though... ignorance is bliss.  Because the fact is, is that it is those poor folks out there who think they don't need to learn anything about real estate investing and the just jump right into it and those are the poor little puppies that I see whining and complaining about not having good deals or worse - not having ANY DEALS - or WORSE WORSE, having good deals to begin with but they have totally screwed the whole thing up and the deal is now sucking the life right out of them and souring them against real estate investing in whole!

Schmucks - all of them people who think they got nothing to learn.  Well except for my beloved Sandy.  He's no schmuck - actually he's quite brilliant.... Because, who's smarter than a man who has found himself a driven and ambitious woman who will not stop until I am a millionaire investor, and who also, cooks like a chef, cleans the house, goes to work everyday, and is always focused on improving myself and being the best person I can be everyday.  God is watching after all...

So who's the schmuck?  No - It isn't my beloved Sandy....

As a result, I have resigned myself to the fact that he might never want to be involved with any of my businesses and I have to just accept that.  Ideally I would like to have my business partner in real estate to be actual partner in life, but I guess I can live without it.  There are plenty of investors out there who's spouses are not involved in the business.  I just didn't think I would be one of them. It's just that I know that I simply must have a partner because it is just too much for me to do on my own since I also have a full time job running the club.  I want to keep it in the family since it will be that much easier to manage... 

Maybe he'll change his mind if I just back off....  I'll try this for a while....

Role Playing, Schmo Playing....piece of cake

First let me say that I am burning the candles at both ends....  my oh my.  Not only am I trying to get my real estate career off the ground, I am also very busy managing our real estate investors club and boy - it's quite a world. 

Last night I went to another workshop for one of the new up & coming real estate "gurus" who has an amazing online system and he taught us about "the presentation to the seller".  I am learning all about NLP and embedded commands from him.... it's really cool how you can get people to say yes just by shaking your head yes when you ask them a question.

I really love his approach with sellers too.  It works for me.  I'm not the kind of person who feels comfortable saying "if I can give you all cash now, what's the least you can take"...  nope that has never worked for me.  I've never been comfortable with that.  Mikes approach is to sit with the seller and show them on paper item by item, all the costs for taking over their home and then arriving at his number of what he will pay for the house.  I love it and this is what approach I will use from now on.  Now I just need to study hard and learn this approach immediately.  Thank god he is mentoring me!

Also, right before I went to his work shop I met with some of my NAR's buddies (people using Bill Gatten's Land Trust) so that we could practice role playing talking to sellers.  WOW - I realized that even though I feel like I am scared to death to make cold calls to sellers on the phone - once I started talking I realized how much I know and I actually felt pretty confident.  Well that is, until I didn't.  Meaning once the seller started giving me more complex answers - I didn't know how to respond.  But it's all good baby, because that's what practicing is for.  I must get good at talking to sellers immediately since we have to move and I plan on buying a house using the NAR's land trust system (in the next 30 days!!).  YIKES -OLA!!  Oy the pressures I put on myself...

You're giving ME a 30day's Notice?

Well - we got notice yesterday from the Landlord that she wants us OUT in 30 days!  Can you imagine?  She has perfect tenants in her home, paying her mortgage and keeping the home beautiful.  Unfortunately for her she wants to get all her cash out of her home.  The house is listed and I fear she is in denial.  Her house is listed for too much money - it is a buyers market and the days on the market are running about 200-250 for all houses.  She has had it listed for 4 months now, she has it listed at 730K when all the other houses in the neighborhood are listed at 680K, not more than a dozen people have come by to see it, and they had an open house two weeks ago and not one person came....  Sellers are just not getting it.  People are not buying right now.... and unfortunately it's going to get worse out there before it gets better.

Anyways - I am taking this as a sign that I need to get off my tuckus and go buy me a house the "real estate investor" way and go do some creative financing. If I intend to ever be a "real" real estate investor - I better not go rent a house the old fashioned way and certianly not go buy a house that is listed with an agent and then get traditional financing!  I will be the laughing stock for sure....

Let's see were this new storm blows me...

Mastermind Group - TESTING 1,2,3,

I had a great day on Saturday.  It was the first time I put together a "mastermind" group for us investors to get together and learn from each other.  Wow - it was really a fun time.  I invited Michael Quarles who is a new upcoming real estate "guru" and boy did he work us!  I didn't intend for him to work that much with us, but he was on a roll!  The interesting thing for me was realizing how hard it is for me to "talk to sellers" and feel confident in knowing what I am doing as an investor.  I am still not sure how to best present my deal to the seller and to go over contracts.  I have a lond way to go - it seems.  But that is the point.  That is why I am starting these mastermind get togethers.  But since I am also a very FUN person, I couldnt stand the idea of having this boring "study session" on a beautful summer day without having a little fun thrown in.  So I made sure that everyone brought their swimsuits and we had some fun in the pool, some damn good food and yummy summer cocktails....

Michael Quarles from MyRealtyData.com and his beautiful Wife Barbara.

   

Jim Crothers - investor from Apple Valley

 

Dana Klaft -Wholesaler - who I lovingly refer to as Harley Man -

Determined to Succeed - As god is my witness

Well - about a month ago I decided that I WOULD BE a real estate investor and not just a working my arse off being the club manager for REIC.  Running this investors club is a lot of work yes - but if I am not also being a successful real estate investor then what's the point?  I have so much opportunity and if I don't use it to learn and grow as an investor then I will be the epitome of someone who gets life handed to her on a silver platter and just throws it away.  I think we refer to those lost souls as lehwhooserss....!!

Suffices to say - I am up to my eyeballs in "programs" and setting up my systems.  Not only marketing and follow up systems but also learning what to say to sellers and how to say it!  Jeez louis.  Anyone that thinks being a successful real estate investor is easy is sadly mistaken.  I am lucky enough to have some of the best "gurus" personally offering to help me, and I'm taking them up on it!!  For this reason alone I am up to my eyeballs.  There is nothing like putting yourself in a position to succeed than telling these successful people that I too want to be successful.  Also I have at least 15-20 other investors from our club that also have been told of my commitment to succeed. With all these people looking at me to "DO IT" there is no way I cannot make the full commitment and just do it half ass-ed.

Tonight I will get my first mailing together and start my marketing campaign to foreclosures.  I am using this amazing online program called My Realty Data and it will help me to stay organized and know what my next steps are. 

Tomorrow night I am going to practice my scripts with a group of investors and a workshop.. more on that tomorrow!!