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Updated over 8 years ago on . Most recent reply

User Stats

19
Posts
1
Votes
Omar Alvayero
  • Irving, TX
1
Votes |
19
Posts

I am stock

Omar Alvayero
  • Irving, TX
Posted

I have been reading information online, watched videos, I bought and read books on real estate investing

I have met up with other real estate investors

I even met Dr. Dolph De Roos personally at an Expo in Dallas

I have some private lender money available

I've put out bandit signs, I've gotten in touch with a mentor..

I have a google number

I've been on biggerpockets webinars

I have walked houses...

Why do I feel stock? its been about a good 7 months trying to learn and find deals

It feels like I am not moving forward at all.. no deals no nothing but information

Quite a few of the investors I've met are selling a membership or will not give out much information unless one buys their CD package or otherwise... costing around 1000 dollars and up..

Anyway, if I had the money to do that I might not be so frustrated.. maybe.. 

I've heard how some investors have spent 50,000, 100,000 dollars or more in their education..

Wow, that's way beyond my reach at this time..

I'll keep reading up information here on biggerpockets, but I can definitely take some pro advice.. what direction should I take now?

Like I stated before, I am totally stock with information and no results. Bummer...

Most Popular Reply

User Stats

4,609
Posts
2,990
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
2,990
Votes |
4,609
Posts
David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied

@Omar Alvayero,

You're "stuck"! Got it now!

Ok...

You've walked houses. How many offers have you written?

If you've already lined up private lender money, you're 90% of the way there!

Yes, there's some basic education you do need and could find here on BP - if you searched BP 24 hours a day for a month a or two. There's no organized syllabus or analysis of BP forum content to help you find what you need. Until you know what you need to learn, searching for learning is rather a challenging undertaking. Check my profile - I can help.

So, ...

Set a goal to write a number of offers next week. Doesn't need to be a large number, just a number to which you're willing to commit. 

Then, go looking for properties. In doing that, you may find you need to refine what you're looking for. That's o.k. Change your criteria and keep looking. Make every effort to write the number offers you intend to write that week.

Now, if at week's end you haven't made your numbers, start over next week. Keep repeating until you make your number. 

Then, increase your number of offers for the week and go for that.

Take it in small steps if that works for you, but TAKE STEPS ! ! !

...and don't stop offering just because one got accepted. Being accepted doesn't guarantee it will close.

Make your offers contingent on being able to obtain the funds needed to close, however that has to be worded where you are. You DO have an attorney already, right? If not, GET ONE! Build escape clauses into your offers so you can avoid over-committing your resources. Get with your mentor about it, also.

YOU make it happen! There's no "magic" to it.

So, GO DO IT!

David J Dachtera

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