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Posted over 12 years ago

1st Wholesale Deal $6,800 Potential - Searching Title

Finally! I hadn't taken any marketing actions over the last month or two and the day that I put my last (60) bandit signs out I get a call that is now in a Title Search.

The Title was under the father's name, but he passed away so I'm anticipating some obstacles to overcome. It's well worth the work though (as long as it doesn't cost much!).

I'm pulling a Podcast 37 technique by having the Title Co send the paperwork to the seller.

I'll let you know how it turns out.

This week I'll be traveling to NYC on Thursday then headed to Nashville, TN on Sunday to Monday so I should have some time to complete the goals below.

WEEK of 10-21-13

JHP ACTION GOAL:

1) Send Direct Mail to Cash Buyers:

2) Create Direct Mail postcard for absentee owners:

3) Find cash buyers in Hamilton County:

RD Startup ACTION GOALS:

1) (2wks) Complete Remaining Business Plan:

2) (2wks) Revise Business Plan:

3)

PERSONAL GOALS:

1) Read 1hr a Day:

2) Learn more about Self-Direct IRA:

_____________________________________________________________

WEEK of 10-14-13

JHP ACTION GOAL:

1) (1wk) Create JHP investor flyer design: COMPLETED

2) Put together Buyer direct mail list/budget: COMPLETED

3)

RD Startup ACTION GOALS:

1) (1wk) Complete remaining business plan sections: UNCOMPLETED

2) (1wk) Revise B-Plan: UNCOMPLETED

3)

MEETINGS/SOCIAL:

-Went to REI MeetUp

-Went to Property Wars event... Realized it wasn't an auction, but instead it was a $1997 REI course. I left.

MISC ACTIONS:

-Investor Map: Created a $50k-$75k and $75k-$100k SOLD house map in Indy

-Wholesale Deal: Went downtown and took video of duplex. Sent property info to Meridian Title for Title Search.

-BiggerPockets MeetUp: Created MeetUp.com group called "Real Estate Investing in Indianapolis"

WEEK RESULTS:

BANDIT SIGN CALLS: 3 Sellers / 1 Misc

DEAL STATUS: 1 in Title Search


Comments (4)

  1. @darien gipson I appreciate the feedback on the goals! I've found that writing down weekly (or daily, go back and check out my previous blog posts) goals have been one of the most important pieces to progressing in my REI adventure. When I stopped writing down goals I realized later that I wasn't getting much done... 2-3 goals a week helps filter what needs to be done now contrary to what needs to be done at some point. In addition, if you don't write 2-3 goals down then you risk being overwhelmed with what all has to be done... I say risk because if you become overwhelmed then you may become deterred from your ultimate objectives in REI.


  2. That's awesome Taylor. I love how you write your goals down. I think that is very important to do when trying to figure out your next game plan. Best of luck. I hope to have my first deal soon.


  3. Great job Taylor! I'll be interested in seeing how the title search goes and if it pans out. Good luck!!!!


    1. Thanks Shaun Reilly I'll be sure to update you this next Sunday. I really appreciate the support and comment!