Berkeley, CA · Member since 2013 · 47 posts · 28 votes
Another forum I belong to has a really awesome running thread where people post what they did to their car that particular day. It's good motivation and creates a little accountability. If this catches on, cool. If not, good try! I'll go first...
Placed my first yellow letter order for 300 addresses in the Bay Area
Started a lead gen team working on craigslist
Start training two VAs to call and qualify possible leads
Moved rents from the rental accounts to the main checking.
Negotiated and wholesaled a house for a fellow newbie BPer.
Put one of my vacant rental homes up for sale.
Got denied a refinance - no surprise, I mean with a 770 fico and tons of equity, I'm a real credit risk unlike these financial imbeciles with 3.5% down and a foreclosure on the record 3 years ago.
Went to the dojo and punched a bunch of people in the face.
Congrats on the accepted offer, @Denise Madrid ! Very cool ;) And that's a great phrase for us - Bromance Brothers - I know @Joshua Dorkin will like that!
Spent the day yesterday interning at my soon to be job at the local mortgage company and studying hard for my NMLS test which will be in a couple weeks :)
Scheduled a guy to install the new dishwasher I bought for a rental at HD the other day. Had originally just bought the extended install for the "convenience" but turned out to be the most inconvenient thing ever...
Posted some ads.
Responded to several emails and PMs from other investors and wholesalers.
Finalized some odds and ends to secure >$100K of unsecured business credit lines.
After this I will be doing a quick re evaluation on a place I have an offer on since I just got the Highest and Best notice. For once the deal is good enough that I might actually need to go up a bit since I have the cushion in MAO.
As with most days straddled that fine line of investing in my education and building my network on BP vs just procrastinating because it is way more fun then most other things I can be doing. :)
Oh and I did also listen to what I have to say is the best BP Podcast yet:
7:45 am went over to one of the properties that I'm currently rehabbing to see what work they did after I left yesterday.
7:45-3pm Laid around the house, watched a couple videos ( Got to catch up on my shows)
3pm- Went to the bank and then met HVAC guy at the house for him to make sure all systems working and pay him.
3pm-4pm talked to an investor friend of mine about various topics.
5:30pm- Went back to the house to meet Granite guy.
7:00 pm - Talked to my contractor about what we are gonna get done tomorrow.
Yeah not a very productive day- What I should have done today. (Picked up the dumpster permit for another property. Signed documents for hard money lender for a house closing next week, Checked on a property that they are completing demo- I forgot to tell them to break down a wall, Gotten an oil change..)Oh well there is always tomorrow.
Spoke with 4 people who responded to my yellow letters, which I consider a success in itself just because of the response rate I am getting and it is great practice.
One was slightly irritated and wants off the list.
2 spoke really poor english and were very hard to even figure out what street the property was on or who I was speaking to....one wants off the list and one wants 20k more than the property will ever be worth.
One actually seems motivated and the call went really well......I asked the right questions and got the right answers......I go see the property this weekend.
I also listened to 2 podcasts, re-read an article about Dodd-Frank and the SAFE act which made me decide that lease options aren't anything I want to do (or even can do) in Texas.
Wow had chaos today, I did call in a newspaper add on a 4 bedroom house a tenant wants to break lease on and move out early, he is apparently in love. Talked to a potential renter who has a dog about a rental where I am about to kick the tenant out of, acted as referee between my partner and EPA on an asbestos issue on a commercial property I am a shareholder in.
When I started reading this I was thinking " I didn't do much for my business today", but as I read it occurred to me that I breathed a huge sigh of relief that funds hit our account today from last week's re-fi. Had to wait three days, because the house is still our homestead. (Fl. law)
Paid back the 5k that we borrowed last week to secure the deal on our new house. Helped establish the relationship w/ likely future financial backer. (Yay!!)
Worked 8 hrs for "the man".
Celebrated @ Japanese hibatchi grill. ( the celebration is part of the deal, right? )
Stopped by our new house, drove by a possible flip on the way home. Went to bed.
Couldn't sleep w/o my BP fix.
Learned stuff on BP 'til almost 1 am.
Yesterday met w/ fellow BPer @ , for the first time. Was nice to meet ya Wayne. Mentioned @ podcast to another newbie, to ease some of his family's concerns. I played her podcast for my wife. Thanks @.
And, thanks @, I found this forum through your post.
Oh yeah, spent some time on craigslist looking @ owner financed props. Got some #s but I'm going to wait 'til morning to call.
Checked out BP regularly posting forums, asking questions, greeting newbies, asking for advice.
Collected small list of absentee and LLC owners and mailed out postcards
Finally have gotten my google analytics properly working and adwords
Secured a PO box for myself
Got 2 calls about mobile homes in rural areas. Contacted BP members about how I may be able to hand off the deal to others. Hopefully in exchange for networking and learning.
Got preapproval from one lender, finished application with another.
Had 2 agents set me up on automatic email alerts for plexes, foreclosures, etc.
Listened to podcast 29 and others and got inspired to check out peer to peer lending.
Placed CL ads for my website
Received a book on inspecting homes and cruised halfway through the book.
Followed the local newspaper on the growth of the F/M area
Saw one duplex with Realtor, haven't put in offer
...
Dang... that felt good. This is very Dale Carnegie. In his book "How to win friends and influence people" he has a section about writing the good things you did today down as it helps you reflect. well, TA DA!
It was actually a few days ago, but I set up my "mobile bandit sign"
Today I listened to a couple of Sean Terry's podcasts.
Since the last post here I have; solidified a deal w/ a financial backer to flip some houses, made connections w/ several other lenders, started checking into mailing lists, listed our current house for sale, started reno on the new house, and talked briefly w/ a developer friend of mine about a much bigger project I'd like to do.
Tomorrow's a new day.
Just curious @Adam Hofmann, what did YOU do today? & what kind of car ya working on?
Closed on a purchasing a flip last friday for $48k. Negotiated owner finance 3k down no interest payments for 90 days. Put sign in yard saturday. Met with new buyers sunday and contracted them today at $80k with $6k rehab. Started rehab today. Close end o Feb. Gonna be a good year.
Today was pretty light . I placed an order for next month's bandit signs. Then I built a new lead list and had a copywriter start on a new direct mail campaign for them. Followed up with an interested short sale candidate.
Bummer...looks like this thread has kinda petered out. I'll see if I can jump-start it again. I sent out individual letters to absentee owners of two off-market vacant homes in my area and looked around at two vacant REO's and drove by a FSBO that I may contact the owner on to make an offer. Also attended my first REIA meeting! This is actually for the week but I'm working a full-time job and have a major ongoing family issue that requires my time and attention. Most of what I'm doing is on my lunch breaks and some evenings. Charge on, BP Nation!
Well THAT stinks. The letter I sent to the owner of a vacant home asking to buy their property did generate some results....an MLS listing with an agent.
Well, this is my very first post. After months of reading and learning, it is time to finally start participating and communicating. I like this thread, its inspired and motivated me to kill my fears and just do it. So here we go:
Send out 64 yellow letters, repost Craigslist ads, create 12 handmade bandit signs for tomorrow, had lunch with my friend, who Is studying RE and she will be my agent. Talk to my husband and explained him what do I want in the website he is going to create for me, read BP and found this thread. Finally decide to post, going to do some more reading.....
Meet with my finance guy and reviewed the company budgets
Call one of my birddogs and told him I got a hot 1,000 bucks waiting for him once I close on a deal from him. Change a tire on my truck (I love my truck)
1996 dodge it came with the house that I purchased May 2014 and flip (made 24K) in 30 days