Yesterday ended up being a fairly productive day in terms of moving forward in my investing career.
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 that can provide me with a mortgage commitment. Now I’m not exactly sure how much of a commitment I can get, but I guess we’ll see.
This was a very interesting meeting. As I mentioned in my last entry that there was a guest speaker, Terry Hale, who was going to be pitching his Commercial Real Estate Investing courses and bootcamp. The meeting was PACKED! All of the successful, big time investors where there as well. This guy was very believable and if I wasn’t concentrating on wholesaling residential property right now, I’d definitely consider buying his course.
For most of the other “GURUS” that have come and pitched there products at these meetings my BS meter would go crazy, but for this guy it only had a few blips here and there. He sounded legit and I swear i heard his name before while watching the Apprentice a few years ago. I’ll have to look that up. Anyhow, he had some good ideas and gave some really good tips on what to look for and how to turn properties into profit by being creative.
Two thumbs up for Terry Hale
At the meeting last night I met Bruce_NJ, from the flipping_homes forums. He had mentioned he was going to the meeting so we took advantage and met up. He is a real nice guy and knows what he is doing. After the meeting we talked for a bit and he shared some of his experiences with a few of his most recent deals. A good learning experience. I will say, that the more investors I talk to the more I realize they are all just like me, an average person. That thought gives me a lot of confidence in moving forward.
The other day I got a message from another Investor (Paul) through my “The Creative Investor” account, which I had just signed up for a few weeks ago. In the few emails that we’ve trading back and forth, Paul has already motivated me by asking me pointed questions like…
- Are you getting your phone ringing?
- Have you made any offers?
- What are you doing to move forward?
- What is your 90 day plan?
These questions really puts the “Analysis by Paralysis” investor on the spot. Its sort of like when you just graduated college and don’t have a job yet and everyone keeps asking you…”So what kind of job did you get?” That question gets very embarrassing to answer after 6 months of “just looking” for a job and it motivates!!
Another tremendous thing that Paul did was he offered to help wean me off my analysis paralysis, he offered to get me a buyer and walk me through any deal I find and need help with. That includes using his contracts, attorneys, and title agencies if needed.
Things are moving forward and I’ll be writing about my first successful deal very soon, I can feel it!
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