Introduction - Profit from Real Estate Right Now!

Can you make to many deals? What advice can you give on holding properties vs assigning or flipping them

Thanks for the comments. You should always know your exit strategy for each deal. Will you assign the deal, flip the deal, hold the deal for yourself, or take in a cash partner and hold the deal. I believe if you have some sellers lined up that are looking for deals and you buy these deals right, you should have no trouble assigning them.

If they make sense to hold and cash flow each month, it may be better in the long run when the market goes up and you may be able to realize even a greater profit in the future. I believe your strategy may depend on what cash you have available and analyzing each potential deal. Good luck with REI. Believe and Achieve! - Joe

Page 10! This is probally the most influencial page for me. When he talks about this groundfloor opportunity we have now. It is definately like no other pportnity we will ever see in our life time again. So in my opinion, buying too much is agreat thing in this case. I'm looking at tax certificates as a way to build residual income. What's your take on this? Continued success
always............Lubertha

I also enjoyed reading the introduction to Profit from Real Estate Right Now! On Page 10, Dean states "Five Years from now, you will kick yourself for not taking action during this historic time, or will you look back and say I was there"
SIBKIS

See it big Keep it simple

I like it all lol

I agree with Dean and the ground floor opportunity is here for all of us. I think it is a good idea to diversify where possible. If you look for deals in various areas and various ways it will lead to the next deal. Also, I have found that most tax certificates and tax sales are very exciting and can lead to some great deals. I have spoke to one or two friends in other states and they told me that each state and county process can work a little different based on the law and how the process works in that particular area. So you may want to research the counties in your area. Once you undestand the process, there could be some great opportuntiies here for you. Much success and good luck findingthose tax sales. Believe and Achieve! - Joe

I believe that is a great point "Five Years from now, you will kick yourself for not taking action during this historic time, or will you look back and say I was there". How often do we say an action can be better than a reaction. Also, we all here the stories from our elders that I should have done this or I should have done that and look at where we could have been. I want to take action so I do not have to be one of those stories. Good luck on all your deals. Believe and Achieve! -Joe

I agree Dean's book does have a lot of great parts and information. It is like wanting ice cream and looking at over 100 flavors in an ice cream parlor. You just do not know where to start. Good luck on your investing. Believe and Achieve! -Joe

I was looking into this tax by mail offer that takes place in Alabama. There they allow you to purchase tax ertificates by mail. Are you familiar with this? Much success............Lubertha

Thanks for the information. I am not familiar with this process. You may want to contact them directly and ask a lot of questions. The more you may understand about the process, the better it may be. Also be careful about an area you are not too sure about. You do not want to purchase a liability like an old gas station and be liable for removing in ground gas tanks.

Congratulations on thinking outside the box and taking action on this. What you learn may benefit you for a long time. It only takes one new idea to get things really moving. Good luck on all your deals. Believe and Achieve! - Joe

You can purchase tax certificate through the mail in other states or even online, but just be very careful of what you buy. If you don't know what you're paying for, then you might end up on the bad end of the deal. I'm not saying this to discourage you from pursuiting your goals and dream, but do your research and due dillengence. Some states sell tax deeds and the property becomes your once you purchased it, but other states have redemption period from anywhere 3 months thru 5 five years. Good luck!

Lloyd

Hi LLoyd,
Thanks fo the advice. That's whats great about this site. Just ask! It's a good thing to look at things from all angles. Especially when you are new at this. Never discouraging, just being made aware of the right way to approach things. Thanks so much for your help! Continued success.........Lubertha

Hi Joe,
Thanks also for the advice. Always trying to search for new ways to improve. Focusing on long term goals as well. Thanks for bringing up the points on pre-existing conditions. My plan is to research the area thru public records availible. Your point of view is greatley appreciated! Continued success always..............Lubertha

Thanks for the posting and insight. Please let us all know what you may find out about these. It may be a nice opportunity for other members in other parts of the country and maybe other members can share when they hear of upcoming tax sales, etc. Good luck and continued success. Believe and Achieve! - Joe

The public records and your local county courthouse can be a wealth of information. If you spend sometime there, the people can be helpful and you may be able to learn a lot about how the government and your local process flows. I think you are on the right track. Believe and Achieve! - Joe

Five Years from now is an awesome question.
SIBKIS

It's a great book. Probably the best book i have ever read. It's amazing too think we have so much knowledge on real estate that only a few % of people in this country have.

I'll keep you posted on the progress made. Thanks again. Continued success! Lubertha

Isn't this a great opportunity? It's so amazing how there is so many people trying to run the same race. But some how they are not even on the same track as Dean. Amazing!

Thanks for the comments. It is always nice to have a plan for success and adjust the plan where accordingly. When necessary raise the bar and be up for the challenge. Make sure you look at your knowledge and progress in a month, 3 months, 6 months, a year, 2 years, 3 years, etc. The plan may be 5 but you may hit the goals after 3! How great would that be? Best of luck on all your deals. Believe and Achieve! - Joe

It is so true, how many books do you have that can be a treasure map to success! The question becomes how many people will get their shoving and start digging for those deals? It sounds like you have your map and shovels and will find those treasures. Good luck on all your deals. Believe and Achieve! -Joe

Thanks for the comments. You are correct that it seems like a race to find the deals. And the best part is it is like a mini-marathon that is only measured in blocks rather than miles. Each of us are on a separate track and there are more medals than racers, so the start has began and the medals (deals) will be won and then on to the next race! Good luck on your deals. Believe and Achieve! - Joe

Welcome to the DG website family and good luck with your real estate investing. I know you will find a lot of great information and resourceful members on the DG website. Believe and Achieve! - Joe