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Posted about 12 years ago

Noteselling,Russ Dalbey, Equity and Posture...

Hey,

Wendhel here, Right now I need you to turn me all the way up... If you're a newbie aspiring real estate investor, don't just bookmark and never visit again. Subscribe to my post, and follow my experiences as a beginning investor.

So what does equity and posture have to do with a newbie real estate investor? ...

Simple, when you first got the light bulb to begin securing a future in real estate, 9 times out of 10 you probably just got off work late at night, just like me...

Watched one of those late night infomercials, just like me, and ordered one of those courses from the GURU's "JUST LIKE ME'

Pity, to you if you got the  course, went over the materials and just let them collect dust...

Lack of confidence could KILL you in this business, as I later found out...

I actually started with note-finding workin' with Russ Dalbey...

Now I don't knock him, he's a great guy for what he's doing, and is responsible for where I am today!

What they Don't Tell You...

Is that once you pay them for their course, you will need more money to actually execute the material to make money...

You will also need some sort of knowledge on marketing plans that work...

It was tough working on a shoe-string budget, but I got my 1st Deal completely FREE from my little-secret I'm willing to share...

~KEEP READING

Anyhow, once I got this deal I was so excited I probably smoke a whole pack of cigarettes to calm down...

It was a note with a remaining balance at $121,000. The sellers inherited their parents real estate and were ready to sell it off to someone for a HUGE Discount...

As a note-finder, once you found the perfect deal, you'd begin by posting it to an investor's network... Hoping to get a bite!

Well, I got a bite from an investor looking to buy this thing at $94,000...

~Wow I thought, people really have this type of money...

So I offered the seller $90,000... Looking to make a $4,000 spread.

The seller countered at $92,000... Which was fine and I settled for $2,000...


Then it happened

During the due diligence process, the buyer(INVESTOR) pulled the credit of the tenants of the home, and found the credit scores were lower than what I was told from the seller...

He called me and told me the issue...

He continued by saying, "Hey Wendhel, I don't know if I could get this one closed, either you can negotiate a lower price with the seller or I can handle the legwork and you could take a minimum of $500"

~Boy was I desperate...

~I took the minimum and asked him to negotiate on my behalf...

~"What was I thinking"

At the end of the day "LITERALLY' the seller took $60K...

A whooping $30K discount from the already discounted note...

I learned my lesson, and this actually scared me away from real estate for 9 months...

Thinking about the past for too long is a sure way to miss the future, but looking back I understood that I missed at least $15K in profits...

~But I knew I could do it...

What was missing, well it was POSTURE

Then I somehow ended up at a Network Marketing home business meeting in Chicago later that summer, and somehow ended up joining a "BIZ OPP"


I know, poor kid... LOL :)

I agree to disagree...

What I learned from my network marketing experience was how to talk to people, and listen to what they're saying clearly...

Not to mention I also picked up skills that are essentially priceless!!!

I now understand Internet Traffic, Article Marketing, Video Marketing, Blog Building, Lead Generation, and more...

I am on the ground floor of my own breakthrough, and I just want the "WORLD TO KNOW IT!" 

~Now You Know...

I have harnessed the powers of the Internet, and I want to share them with only people struggling to figure them out...

~You'll See


Not to get carried away... 

But I want to share with ALL NEWBIES, that it's possible!

I said "IT'S POSSIBLE"

For every book you thought you wasted your time and money on...

For every seminar, or failed opportunity you joined...

For every deal you couldn't find the money for...


IT'S POSSIBLE...

THAT ONE DAY ALL YOUR PIECES TO THE PUZZLE WILL CONNECT!!!

Investing in your education really is the answer, or typing the right question in GOOGLE...

Either way, I'm in the middle of plenty of cash-buyers and motivated sellers helping me to achieve my dreams...

I'm currently funding my big deals with my little deals, and believe me no baby-step is too small...

As a newbie, understand that what you know, and who you know is an ASSET...

If you don't share your knowledge with others, or use what you have to profit, it can quickly become your LIABILITY...

In real estate, if your liability is more than your asset...

THEN YOU HAVE NO EQUITY!!!

With No Equity You're in OVER 
Your HEAD, and ULTIMATELY...

SHORT-SALE YOURSELF OF A DREAM...


P.S Stop worrying about what you don't have and use what you do have, and don't forget to subscribe to my blog!!!

Author Bio: Wendhel Freeman is currently studying at Southern Illinois University working on my degree in Business Management, but finds satisfaction marketing his business online. Wendhel is currently seeking funding on a Residential Commercial building, with 25% already funded. $160K is needed to complete this project. For more information please leave a message at [email protected] or http://www.distressedproperty.biz 

P.P.S Go to www.allofcraigs.com Search craigslist Worldwide at one time


Comments (1)

  1. Yeah! Finally someone who isn't a whiner and complainer or pessimistic or cynical. You know, it took me 8 months to land my first check with Russ' Course but boy it was worth it. It feels amazing doesn't it?!?! My biggest hurdle was not deal flow, it was getting off my lazy butt and being an employee I wouldn't fire! Self employment takes discipline, but that's just what I sought out: I've been checking out stuff from the library including stuff from: -Brian Tracy -Tony Robbins -Steven Covey -Dale Carnegie -Norman Vincent Peale Hundreds and hundreds of dollars of stuff -probably thousands- all free at my local library, but I'm not your typical person who gets something free and treats it like it. I perceive ACTUAL value, not monetary value. I don't say "I can't", I say "How can I?" So I say when I begin reading (or listening) to the materials: "How can I apply this to my note buying biz?" And I've been saying that with every business class on my way to a bachelors in business from day one. I love this business. I love helping people. And if you believe in yourself, have "MAXIMUM CONFIDENCE" (Amazing audio book by Jack Canfield by the way!), and you come to your desk early, stay organized and put first things first, and leave late, and love what you do, you'll never work a day in your life. Thanks for such an inspiring blog thread Whendel! -Andrew Distad Investor