Mind_of_Reality Journal

Like many others here, I am starting out with zero money out of pocket (OPM standards here!) and will be focusing on Assignments and possible lease options.

It amazes me how many "nay sayers" litter our paths, isn't it?! After reading the DG books, and writing an action plan and my reason for urgency in making this a reality, I know deep down that persistence and constant action = results.

My background consists of managing apartment communities of 100-260 units, with some experience managing SFH's. This was done in California 4-5 years ago. I have since moved to Austin, TX region and to make things short, tried my hand in video game design, was laid off after several contracts, and now back to square 1.

My 1st rule, I am not telling family what I am doing. Why? Unfortunately most of my family (mother, brother, and close friends) are a bit skeptical about any of this, and as many of you may know, lack of knowledge on their part leaves them with only rumors and speculation.

What I am doing now, is any "nay sayer" I come in contact with along my journey to success, simply ask them if they have even tried this before, and if so, who was their mentor?

If you surround yourself with positive minded people, then your chance to build success increases. Thus, if you surround yourself with negative people, that can take the wind out of your sails and make you doubt yourself.

Educating yourself by plugging into local real estate markets, and finding a handful of positive minded, competent real estate professionals who understand your road map and are willing to help you, priceless.

Starting out this week, I place the following advert on CL in my area, and received several promising phone calls, including a real estate broker in my area who is also an investor and would like to meet with me Wednesday!

Here is what I posted:

" Pre-foreclosures / Foreclosed and REO homes added monthly to our growing inventory list! Selling from 30-50% below FMV! Too many distressed and abandoned homes!! "

I simply explain that I am new in the REI business, and working with banks and homeowners that are in dire need, and matching them up with serious buyers who can close with cash / hard money in 14 days or less. I emphasize that most of my deals yield 30% or lower of FMV.

It's going to be a busy week for me, but after researching the current markets in specific locations near me, I am very confident that there are great deals to be found. I just have to dig for them and keep persistent.

Will keep everyone informed on progress each week and can't wait to share my 1st deal =)

Best,

Mark