Catch up

Tuesday, February 17, 2009

Well, to follow up, I went to the Jack Shea weekender. WOW!! I'm glad I went. My head was spinning. Great stuff. I have to study the books though, Jack has an interesting teaching style that my ADD self couldn't follow too well. (I might not be ADD) His lease option ideas TOTALLY make sense. And now the land trust mystery has been solved for me!

Since then, I went to see some houses with my realtor. One had the ducting ripped out of the attic and all over the house. There were two wood stoves sitting in the backyard ??? A mess of a house. It is still just sitting there. If I could find a buyer......

On the 4th I went to the CCWB meeting featuring our own Ronald Starr. He is taller than I thought. Very cool information about tax lien sales. I learned a ton, he had even more to teach on Saturday but I couldn't make it. I was able to talk to Ginny and hear progress on her rehab, good stuff!

Thursday is the next meeting with NorCal. I plan on going, the weather has been rainy and snowwy, but I don't want to wait another month.

^^Copy of Jan. 16, 2009^^

I went to my REIA group meeting last night and listened to Jack Shea. Wonderfully creative ideas! He has a 2 day workshop this weekend on options and land trusts. Part of me wants to just "run what I brung" which means put into action what I have already learned. Part of me thinks that I need these strategies, they are the missing key for obtaining deals. I'm getting to know my market, I have my Realtor, have my MLS access, have my proof of funds letter.......needed: end buyer, end buyer funding, my own title company, viable exit strategy. I want to save my money for my emd. I'm on the fence.

I met a Money couple last night who have access to self directed IRA cash buyers! I asked them if they were interested in my market......They said YES! WOW!! That was too easy. I will be contacting them to see what they are looking for exactly. It was such a good meeting for me. Usually I wait in the back and watch everyone talk, they all seem to know each other. This time, I boldly walked in and introduced myself to everyone I met eye contact with and shook hands. There wasn't enough time to say all that I wanted to say. And It seemed to pay off....we will see.

I also met a guy who does loan mods for a fee....don't know how I feel about that. \

I had planned on researching the market to maybe nail down the value of a clean REO today, going to Jack's seminar this weekend, then Monday, start submitting offers. I have 86 properties that I am targeting. There were 97 but 11 have gone pending. I will be trying to find out if there's a way to see what was offered or what info is on the contract.....maybe I just have to wait 'till it closes....don't know....more learnin'!

oh yeah, the property in my backyard was listed for 2 days then pending. I spoke to the listing agent who told me the offer was over the listing price. good to know.
LATER!