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

I Survived Real Estate 2008 was a blast!

I just want to do a quick post to let everyone know that the I Survived Real Estate 2008 event this last Saturday was wonderful!  The Norris Group did an amazing job by putting this whole event together and I have to give a special high five to Aaron Norris!  You did an amazing job my friend!  Congratulations!

What a fantastic networking opportunity!  I finally met Shawn Watkins who owns Investors Workshop.  I was great to see Scott Whaley, Nick Manfredi, Bill Tan and of course Mr. Mike Cantu who was wearing a Tux!

Getting money is only part of it!

I had an epiphany this week.  I have been busy setting up my marketing for raising private money so that I can close on deals - which is good.  BUT I have neglected to put the steadfast effort into continuing to marketing and finding the deals!  Hello?  What good is it to have money to do deals if I don't have all the deals lined up?  I have said it before and I will say it again...Being an investor is a lot of work!  Steadfast, consistent work and effort!  One cannot do it half ass in order to be 100% successful.  And by 100% successful - I mean - we are making money every day, every week, every month as an investor!

Are deals easy to find?  Pretty much.  But it all takes work! There are REO's, wholesale deals, out of state properties and of course the beloved "I buy houses Cash" route.  But you know what?  All these deals just don't fall into our lap.  Ah..Duh?  We have to work hard everyday to get these deals.  And by work hard - I mean do what we are supposed to do everyday.  Market, get calls, answer calls, crunch the numbers, get the deal under contract if it is subject to, or buy it from an auction or through the MLS for REO's,  network and make connections with wholesalers, real estate agents & other investors, research out of state properties, etc, etc. and so on and so on.  Do our job everyday!  It's very simple, yet work nevertheless!  We need to be willing to do the job all the time to call ourselves investors. 

It sure is strange how some investors expect the deals to fall in their lap.  For instance - investors who have a huge "buyers list" of people who want to move into a house on lease option/land trust/owner financing type of deals.  They can't swing a dead cat around without hitting another person who wants to move into a home using that program.  Building this buyers list is easy.  But then they just stop there!  They don't work their arse off to go out and get the houses to move the people in them.  So far, all the investors I have asked if they are marketing to buy the houses have pretty much let me know that they are not working to get the deals! 

Give me a cotton pickin break por favor.   

I'm going to piss some people off...

Well - I gone and done it.  I decided that I will open a Los Angeles location for my meetings after all. Since I socialize and do a lot of networking in Los Angeles where I live - over have my subscribers to my newsletter are from the L.A. area.  Now as my Anaheim Monthly meetings are getting a lot of positive feedback and word of mouth - I am being asked by a lot of people to open a Los Angeles meeting!  So - I just cannot sit back and say no to this. 

I have not opened a Los Angeles meeting because I decided to stay out of L.A. so that I didn't ruffle any feathers of other real estate clubs in that area.  However, now that I have opened the club and it grows, many of you have made me realize that I simply must do it!  We have to open an Los Angeles location so that everyone can join the fun!  Yahoo!

So - drumroll please.....  As long as we can find the right venue in time - we will begin having our general monthly meetings in Los Angeles starting next month in September!  Yippie!  Yahoo!  Wowee!

Getting a "deal" doesn't mean it's a deal damit

We looked at two houses this week.  Both seemed like "deals".  One had "100K" in equity with the seller happily agreeing to sign house over into a land trust and hold the financing for several years.  The other the seller is begging us to take over.  No equity, but good price, good monthly payment, seller willing to refinance for better loan... and hold for many years...good deal maybe - Except for the fact that he has a Realtor and for some reason he didn't tell her we were investors who would not be going through her.  So when she showed us house she was talking to us like we were retail buyers.  She'll have to get out of the pic.

House with "100K" equity.  We walked in and there were no floors, no kitchen, 30 year bathrooms that looked like they hadn't been cleaned in 20 years, dead landscaping... basically your typical nightmare or dream depending on how good the price is.    So - 100K in equity?  Nope.  $60K - 100K in work needed.  This house is no beuno.  This guy is screwed.  No one will take on that kind of risk in this market.   But wait - maybe we can put in minimal work - get a kitchen in there, then sell it as a "sweat equity" property?  Hhhmmm...  The seller would have to be willing to foot the bill to get the house up to livable circumstances, then we can sell it in a land trust to someone as a sweat equity property for at least 5 -7 years? Or is this just way to much crap to deal with for one property?  Probably.  Maybe.

Deals are everywhere.  I like the low risk, easy "here take over my house" deals.  Or REO - no homeowner involved deals...  What about you?

What's up with that?

You know...  I seem to be the only one asking...  why the heck am I starting this club?  Well... that is, among us investors.  There is plenty of silliness that I have been experiencing from some who would be more than happy to see this effort to start a new club fail.  Why?  I dunno.  Is there is not enough to go around?  Last time I checked there was plenty.  (But maybe something happened and God forgot to let me know that he decided to hold back.)

My goal here in starting my own real estate investors club is to create my ideal scene in a real estate club.  That's it.   

I'm a new club.  Yes.  I am starting a club when clubs are not doing so well because people seem to be nervous or not so enthusiastic to get into the investing game. So what?  My meetings seem to be getting great reviews so I must be doing something right. Does anyone notice that I have not written a lot of blog posts lately?  There has been a reason for that.  Now I realize that it has been a decision of mine that I regret. 

See... I didn't want to share my experiences of starting this club and the highs and lows.    I am doing what I have a vision for and what my passion is:  Real Estate Investing and creating a incredible community where we can ALL grow, learn, network and prosper in.  I am not going to hold my experiences back from you all just because of the few out there who may be waiting and watching for this to fail.   One thing that I have going for me is that I am a Mexican and Irish fighting b**ch.  The thing that I have going against me is that I am a Cancer... so I am a little bit sensitive...  So enough of being scared to go all out!  I'm doing it! 

So.... starting today - I will start blogging on what is going on here man.  And there is A LOT!   

I just want to say THANK YOU to the many many emails and phone calls I get from everyone with your support and encouragement to keep doing what I am doing.  Additionally and most importantly to all of you who attend the meetings, who come with your glowing, enthusiastic faces and who take the time to let me know that you appreciate  the meetings and our speakers. 

Our meeting this week was a smash hit and our speakers were the reason!  Thank you everyone for your support.  Thank you for the calls I have received this week with your encouragement!  Without it - I would not make it.  I am truly honored and humbled by all of it.

Naked Real Estate Investors Club Meeting this week

Hi Guys!

I haven't posted in over a week and I apologize for that!  I have been moving - and worse have had tendonitis in my right shoulder and am in terrible painage and can barely type!  Oh my!  I can't type and be on my computer...!  This blog post is being typed with one hand and my nose!! 

Anyways - there is so much to talk about - but I just can't do type it out now.  Maybe I will post it in a video post!  But I look so yucky right now cuz of the pain, whining and all the crying I have been doing.... hhhmmm... what to do? 

For now - I just wanted to give you a heads up about our Monthly Meeting tomorrow this week!  It's this Wednesday - August 13th!

Please come out and join the fun!  I will be all high on pain killers - so it should be a real blast.... hhhmmm maybe I should get someone to drive me huh?

The information for the meeting is:

Wednesday -  August 13th

6:30 pm - networking 

7:15 pm -Meeting begins - This month the meeting will begin Sharply at 7:15pm.  We have a big line up!

Topic:

Maximize your IRA Investing, basics LLC's and Corp set up and tax strategies!

Speakers:

Kathy Holcomb - Pensco Trust,

Real Estate Attorney Anthony Geraci

Tax Strategist - Keith Webb. 

Location:

Doubletree Guest Suites

Anaheim

Resort/Convention Center

2085 South Harbor Boulevard

Anaheim

,

California

92802

For further information please go to our website at http://www.nakedrealestateinvestorsclub.com   

I hope to see you there!