Tuesday, July 24, 2007

Back and a little late

Hey there-
My trip to NC and MI was great! (And a little painful). NC was really productive. Saw the land and also looked at a few other properties. one is a 18 unit town home complex that looks like it could be a really good prospect. Doing the due diligence on it now.
MI was nice to relax. Well it was until I took a dance class. that's right a dance class. For those of you who don't know, I was a dancer in my younger years. Tap, Jazz, ballet, all of it. I have not taken a class for over 15 years and boy did my body feel it the next day. My old dance partner and I were the oldest ones in the group and I was glad to see that i sort of kept up. What it did was reignite the desire to do it again. My wife has been hounding me for years about getting back to it and I just never took the time, so I am now going to do so.
The lesson here is to not be afraid to try new, or old, things. I always say, creativity= wealth so even if it is something that you haven't done in a long time it doesn't mean you cant get back on the horse again.

This week I am being interviewed by David Newby and Tom Kish and I am interviewing Merrill Chandler. If you are not getting my announcements about calls I am hosting, please let me know. The information they contain is very valuable.

Happy investing.

Friday, June 29, 2007

NC Hear I Come

Tomorrow I leave for NC to get things started with my land deal. If you haven't heard about it, here's the skinny. Partnered with my friend Danny in CA, , 101 acres, 1.4 mill purchase price, 3.5 mill value as is, with only 5K down to hold contract. Seller is going to carry back a second for 65% of purchase price. Just 45% to seller at the end of the due diligence period gives us the deed to the land. The potential of the land, if we just build it to buildable lots, is about 20 mil. In short- a really sweet deal.
This is a stepping out of our element situation. However, it's also a matter of manifestation. I have worked on a few land deals that never panned out and kept telling the universe that I wanted a great land deal with the exact parameters mentioned above.
Moral of the story: Ask and ye shall receive/ your wish is my command!

Have a great Fourth of July!

Monday, June 25, 2007

CA Trip

I just got back for a trip to CA for a Learning Annex class. It was really well received. The trip was fast but worth it.
I wanted to tell you about a quick story that I read on the Internet about a great example of what is going on in the country when it comes to lenders.
I got an e-mail from a man who was working on a subject to deal. After discussing the opportunity with the potential client, she said she would think about it and get back to him. She called a few days later and said that she had talked to her bank about his proposal and that they were taking it under review. He of course thought the deal was shot. After explaining why to her she said that the bank wanted her to give him their contact info to discuss it further. He figured he had nothing to loos so he called.
The bank worker told him that they were taking his offer for review and would get back to him.
After about two weeks the bank called him back and said that they would allow the transaction!
The bank gave him their blessing to take over the house Subject To without qualifying for a new loan.
Now I ask you are banks getting more motivated to not have a house go into foreclosure or what?

Keep working at it, you success is right around the corner.

Wednesday, June 6, 2007

Learning Annex interview

So it looks like the word is spreading. Saturday I did an interview with The learning Annex and they broadcast it on Tuesday evening. It went really well! At one point there were over 400 people on the call.

I am doing a free class for them (The Learning Annex) on the 21st of June in LA. So for any of you in LA come on out.

I got a call last week from one of my students Mike. He was in Indiana and "Just had to call me". he bought 5 houses in one day. Three using subject to and two with seller financing. He actually called me home earlier than expected because he was afraid he would not be able to stop buying. The three sub2 houses alone had over 72K in equity. Not bad for a single days work.

I love hearing your success stories. please let me know if you have one that you have not shared yet.

On another note, i just secured a deal with Landvoice that will be an added bonus to my HSC. I was able to get three months service free for anyone who purchases my entire course. I have also added a bonus of 1000 free "sizzle" business cards to help get my students started right away. I'm really happy with the bonuses we have put together. I figure students would rather have help getting the business started instead of another CD to listen to.

Hope all of you are doing well. Please feel free to post.

happy investing,
Dino