All Forum Posts by: James Blakeley

Congrat's. Every deal matters, no matter how big or small. Perception will change as you do many deals. Don't be upset with small checks after the big ones, if you can remember this moment. Think about how exciting that deal made you a profit.

Here is to you, and wishing you many more blessings.

Welcome Pam, Hope you find this site as wonderful as we do.
Many Blessings.

Joe - Are you working the numbers backwards? Meaning find a buyer or tenant identify the numbers that way.

If you this deal with future expectations, make sure you include holding costs.

I would still attempt to convince the taxing authority with an appraisal what the property is worth outside of foreclosure. In other words, show them the comp's. If the other homes are still not reflecting reduction in value after all of these foreclosures, the assessor is hiding from the loss of revenue.

So it sounds like the deal was a great bit of effort. In the end, the investor would have been better served courting investor agents. That has been my experience as well. The better your relationship with realtors, mtg, title, and attorneys the better off you will be. So far my difficulty in finding funds, was finding deals where funding made since to all parties.

As another post stated. This forum is more than enough of an education. Use the search function for threads, and reading through them will give you many views. You can also sign up for many free "guru" newsletters and or web seminars.

NRU is great if you have $16k to invest in education after or before you purchase 10 property deals. The same can be said for every other educational product, ie Russ Whitney, RichDad Education or RDU. I am not knocking any of these offerings. You can make money, as an affiliate. But you damage your reputation in most cases doing so. This site is priceless for the valuable real world education you can get. I developed a simple solution in the beginning. Attend any free training, until you no longer can afford to spend time at a free workshop, web conference, etc. Because if you are doing deals, eventually your time will be worth more than the workshops and NRU can provide. Fear of the unknown, failure, and making mistakes it used to motivate large purchases.

I stopped buying courses, and started buying property.

There is private money available, realtors are a great start. Sign up for the free newsletters, and watch the course costs drop with each email.

The reason RichDad stops marketing to you if you buy. Is because you may see the same free tips, in the paid material, and start wondering why you paid if they eventually give it away.

There is an easy way to qualify the value of any course: is it sold on eBay? Free markets determine the real world price to value ratio in many cases, maybe not all. Of course asking here is a great way also.

Please spend your money and time investing in deals before you buy the education materials.

Libraries, newsletters, and forums are free.

Great post, thanks to all for the comments. Excellent advice offered here.

Good post. Especially about the investor that does or doesn't have a written plan. This is a business, and no way around the fact. If you want to gamble, you are better off playing the slots. The goal of any good business is to earn referrals through reputation. Reputation is earned with experience and respect. Best wishes.
One tip - Don't ask a lead, or prospect if they will allow you to assign the contract? Big rookie mistake is to not understand assignment is permitted unless specifically denied in your approved contracts.

I agree with Josh on the questions.

Did you buy because you had good numbers, yield, renter or buyer lined up? Not sure just matching the bank was good thinking. Best wishes either way.

I would remove the sky light, and replace with solar tube.