I’ve been Proofed

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I don’t have much to report today except I got my Generic Proof of Funds letter from Coastal Funding. I also got my first legit response from one of my Craigslist Ads, all be it not from my buyers Ad but from my Realtor Ad I posted. Doreen seems a bit to busy to help out so I decided to hunt out some more realtor’s to have in my back pocket just in case. Hopefully this one is more responsive. …

Tuesday Morning Quarterback

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Last weekend went by in a blur! Not to mention I caught a cold and was sniffling, sneezing and coughing all weekend. I did manage to get some things done amidst my DayQuil/NyQuil malaise I was in. Money, Money, Money….Potential Money I contacted Coastal Funding to try and get a generic proof of funds letter. I hear the turn around is about 48 hours, so hopefully I will get it by tomorrow. Doreen sent me the brokers information so I’m …

Baby Steps

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Yesterday ended up being a fairly productive day in terms of moving forward in my investing career. Realtor I called up Doreen and we talked for about 30 minutes. She sounds like she knows somethings about investing, she’s done a short sale for a client and has in the past attempted to rehab and flip a condo. Hopefully her experiences will be helpful and not a detriment. She is going to give me the contact information for a mortgage broker …

Quick Update

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I was suppose to speak with Doreen (Realtor) last night regarding what we could do for each other, but she ended up getting stuck in an appointment till 9:30. I’ll be giving her a call sometime before my REIA meeting tonight. Tonight’s REIA general meeting is going to have a guest speaker, Terry Hale “the Commercial Real Estate Expert.” Never heard of the guy, but I haven’t heard of many of the national gurus. The GSREIA seems to be really …

The Secret to Making Offers that the Gurus won’t tell you

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haha…I’m just practicing my marketing headlines, did I intrigue you guys? On my way to achieving my goal this month of sending out 10 offers, I’ve run into an initial road block. Now it’s not a big road block but it made me realize that I need to have Leads coming in!!! How do I submit offers on properties that I don’t have knowledge of? Stupid me! I also realized I need the following… A Realtor to Submit offers to …

Small Local Banks

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Over at Flipping Homes they pretty much preach that if you want to get lending these days it’s best to go with a small local bank, those community banks that you’ve never heard of. Well now is the time to start learning where they are. The reason is that they…. Keep there loans in house, which means they don’t have to follow the big boys guide lines when it comes to lending. They are more flexible because of keeping the …

What to say to a Real Estate Agent

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I contacted one of the Real Estate agents I met on my open house tour and asked him if he was interested in working with a beginner investor. He said he has worked with many investors before and would be happy to talk with me and share his experiences (not sure if this means good or bad). I’m going to try and setup an appointment to talk with him on sunday. I’m going to follow Steve Cook’s advice and go …

2 Vacants

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There are what I believe to be 2 vacant houses right next to each other in Whippany. I can’t be certain, but the places just don’t seem lived in. I looked up the owners on the tax records… County Tax Records I then used the names from the tax records and looked up the Mortgages, deeds, etc. on the Public Records site Public Records This is what I found House #1 The tax records showed that one of the properties …

Craigslist Ad

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I swear I posted this before, but when I came back to look at my blog it wasn’t here. So…. Here is the ad I posted on craigslist as I promised I would in my last entry… I know what it’s like looking for investment houses, it can be very frustrating to say the least. It takes a lot of effort and time to effectively locate properties that will meet our strict criteria over and over again. If you want …

Random happenings

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Business Cards My business cards came yesterday and overall I’m fairly happy with them. Actually having them in my hand apparently turned on the “smart switch” in my head and I realized a few things I should have done differently. Instead of putting “Company Manager” I should have put “Wholesaler”. Also I should have been consistent with the word “Home” and “House”, use one or the other not both. The quality of the cards are ok, nothing spectacular but should …

Market to who?

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The next question I’d like to answer is who should I market to? I’ve been getting some good advice from the forums, such as… Centers of Influence (lawyers, Real Estate Agents, Brokers, Bankers…) Landlords Expired Listings On my trip to virginia I started reading a pretty good book by Dan Kennedy called “Ultimate Marketing Plan.” It has already given me some ideas on how to market. It’s a really good book and I recommend it. You can get it from …

Virginia…Here I come

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My wife’s sister had a baby girl this past wednesday, 6lbs 9ounces and a head full of hair! So my wife and I are going to drive down to Northern Virginia and meet Maggie for the first time. I’m excited to see her, but 5 hour car rides aren’t my idea of fun. It’s all about family though! It’s to bad my sister-in-law couldn’t wait a week to have her baby or it would have put me in a perfect …