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Real Estate Investing Forums  |  Real Estate Investing  |  Carlton Sheets, Beginners, Courses, Gurus, General Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Yeah its that easy! « previous next »
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Author Topic: Yeah its that easy!  (Read 2188 times)
reoconsultants
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« on: May 31, 2005, 04:59:25 PM »

The thing I see day after day after day is how hard people really make this Real estate investing! The thing about is THINK SIMPLE the answer is always right there looking right at you! Everybody just makes it harder then it really needs to be. I have been doing this now for ten plus years! If you name it I have either done it or helped someone else do it! I turned 30 in December had a car accident was out of commision for a few months! And suddenly it dawned on me I had 87 rentals a cash flow of over 22k per month and 15-20% equity in my properties so I carried notes and sold 20 of them I now have 8k a month in just notes. So my wife (whom I call the smart one) told me to just get a job and relax so I sold motorcycles for a week and a half. I now relize I can not work for anyone I laughed at the manager that told me if I put in 70 hours a week I could make 8k per month he told me he could fire me for that so I told him to back it up with a check! So there I was 30 and not fit for work I now am enjoying the summer with my kids and really thinking about starting another business. I built all of this in just 5 years. the deals are out there. If not maybe I will just retire and work at McDonalds if I start now I might be lead fry cook by Christmas.
anyway good luck to all of you and happy investing
« Last Edit: June 09, 2005, 11:00:10 AM by reoconsultants » Report to moderator   Logged

JerseyGirl
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« Reply #1 on: May 31, 2005, 05:38:39 PM »



Still pimpin I see....you big tease!   Tongue

Congrats on your successes  Grin
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MOmoney
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« Reply #2 on: June 07, 2005, 06:41:31 AM »

I must be one of those who are making it harder than need be.   Smiley
« Last Edit: June 09, 2005, 04:33:07 PM by TRandle » Report to moderator   Logged
JCinIN
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« Reply #3 on: June 07, 2005, 08:53:02 AM »

It's been so hard mentally just to jump off and get started. But I am getting tired of talking..action is the next step. The Desire has always been there.,

Jc
« Last Edit: June 09, 2005, 04:33:25 PM by TRandle » Report to moderator   Logged
jfwilsonmd
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« Reply #4 on: June 10, 2005, 12:50:44 AM »

Yeah, it has definitely been hard for me to get started in this thing!  I know it is the way to go (RE Investing), but can't seem to find anything 'staring me in the face'.  I think part of my problem is always second guessing myself thinking there's got to be something I'm missing...

I guess I'll start soon enough!  I live in MD and am going to start looking in TX since that's where we want to end up and MD area is CRAZY EXPENSIVE!
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JaredfromIndiana
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« Reply #5 on: June 10, 2005, 12:57:36 PM »

Hey JC...

The first step is the hardest.  I remember the first phone call I made I was nervous as heck!  From what I know about you you have been doing tons of reading and educating yourself.  Trust what you know and JUMP!!  What the crap are you scared of??!!  I wish you all the luck and remember after the first few deals it gets easier and easier.  GO GET EM!

Jared
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reoconsultants
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« Reply #6 on: June 10, 2005, 01:25:05 PM »

Great advice Jared don't you agree it is that easy after a few deals
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JerseyGirl
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« Reply #7 on: June 10, 2005, 01:31:45 PM »

Yeah check the keyword:

AFTER


 Shocked: grim: :hammerhead: eek2: guns: cussing: crying: Cry: banghead:
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evergreen
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« Reply #8 on: June 10, 2005, 02:44:38 PM »

Fears for most people:

1. Being rejected.
2. Talking to others.
3. Being in a situation they know little or nothing about.
4. Making a mistake

Remedies

1. Who cares. If you are being rejected it means you are doing your job RIGHT. If people just said "sure thing" often, you are screwing yourself.

2. Well, you have to talk to others sorry. Just remember that they are people like you and most are in the same or worse situation. I mean, who is working to BUY a property? You or them?

3. Just do it. That first deal can be scary. You are filled with all sorts of mumbo jumbo others have told you about how cold the water in the pool is. You will soon realize most is BS.

4. Mistakes happen. Simply read up all you can and educate yourself then go for it. Remember to not let your heart get in the way of your mind. I happen to believe that for those buying and holding, real estate is one of the most forgiving investments. Buy a little high? Hold it and you will come around. Also don't let money be your sole motivator. Start with something small and easy for the novice. Don't go out trying to score some super rehab deal on your first go round.

Most people sit on the side of the road and speculate about something they have never tried. How foolish is that?  

In closing, never base your life or what you are doing solely on what OTHER PEOPLE have done or are doing. What worked or did not work for them may not apply to you at all.

That would be like a person buying a rental property because they have this friend that bought a 2nd home, rented it out, and had problems--therefore rental property is a bad idea. Negativity is bliss.
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Keke07
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« Reply #9 on: June 10, 2005, 03:14:17 PM »

THANKS!

That was the best encouragement!  I needed that.  I am very eager, but at the same time fearful.  And just not all sure about what steps I need to take.

Currently I'm taking classes and doing alot of ready.  So hopefully I will feel comfortable enough soon to take the first step and go for!
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reoconsultants
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« Reply #10 on: June 10, 2005, 07:14:30 PM »

Had to tell you all about this deal I just buttoned up this lady was border line on if she should sell her house to us. So I called this lady that was totally upset and crying about loosing her house. So after talking to her for 10-15 min. I told her I would throw in a box of tissues and let her stay in her house for a month free.We both laughed and I got the deal YEAH ITS THAT EASY!!
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JerseyGirl
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« Reply #11 on: June 10, 2005, 07:35:40 PM »

Had to tell you all about this deal I just buttoned up this lady was border line on if she should sell her house to us. So I called this lady that was totally upset and crying about loosing her house. So after talking to her for 10-15 min. I told her I would throw in a box of tissues and let her stay in her house for a month free.We both laughed and I got the deal YEAH ITS THAT EASY!!

I don't care what anyone else says about you......Thats so sweet of you!  :-*

LOL
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Swirlaze
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« Reply #12 on: June 10, 2005, 11:20:51 PM »

..
« Last Edit: September 14, 2007, 11:56:22 AM by Swirlaze » Report to moderator   Logged
Swirlaze
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« Reply #13 on: June 11, 2005, 12:59:38 AM »

..
« Last Edit: September 14, 2007, 11:56:33 AM by Swirlaze » Report to moderator   Logged
reoconsultants
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« Reply #14 on: June 11, 2005, 06:06:30 PM »

I thought in NY people paid CRAZY RENT! But then again the home values are crazy!!

To give an example I bought the house I live in here in Colorado for 202k 3000sf 4 bed almost a year and a half ago (bank owned at the time my appraiser said 275k or so) it is now worth 355k! The only thing we did is paint!!

We are now moving I think to another on 22 acres that appraised at 1.4 million 9 bed 8 bath 9600sf that I bought for 799k

Just be Different dont follow the crowd
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Real Estate Investing Forums  |  Real Estate Investing  |  Carlton Sheets, Beginners, Courses, Gurus, General Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Yeah its that easy! « previous next »
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