Feeling stuck? ask away...

[Jose Martinez]

Are you feeling stuck? is there ONE question or ONE decision you cant wrap your mind around to decide? put a reply and see what the community has to say. 

whats the most pressing question, situation, decision that you feel stuck at? 

[Jose Martinez]

@Jason Schimer, biggest mistakes for first 5 properties was action. 

#1 first time i thought about realestate as a business and career. Was my next door neighbors house. he got divorced and needed cash bad. sold it for dirt cheap pre '08. and that house sold 3 more times twice via foreclosure and i just froze. ACTION apply the 5 second rule and just fail forward.

#2 got a contract signed and last year and i found that it had 2 personal liens and a tax lien. i figured out the tax lien and i left it to the title companies to tell me about the other 2 liens. which they had no clue. my contract expired and i lost that deal. I thought i could do it myself and i didnt use my circle of influence to help me. use your NETWORK

#3 follow up, I did a big campaign and needed a property in a certain area and lo and behold. direct mail actually works. i got a call and found a hot lead and i let them off the hook! were they motivated? yes, did they want to sell? yes. but after 3 months i stopped following up. and guess what that house sold 5 months later. FOLLOW UP+ PERSISTENCE

#4 numbers are always right, but excel is not. I was working with a wholesaler whom was selling me on a wraparound mortgage. The house was good, neighborhood good, comps not good, repairs not good but my spreadsheet said otherwise. and when i took my contractor over and my JV partner(seasoned investor) they also said not good. but i kept looking at my numbers and finally i said my numbers are right this deal is not good, guess what tho, the wholesaler found an extra 20K discount. but by then my numbers really made sense and that house was a money pit. Real Estate is pretty easy at first. leave it that way. STICK TO YOUR PLAN (NUMBERS)

#5 walked up on a pre-foreclosure and had a motivated seller, House was perfect for total rehab and addition for extra equity, huge lot for garage appt conversion. but my toolbelt wanted to do seller finance and she just wanted cash. we were apart about 15K and i just wanted to be at 65% ARV and she was at 75% ARV. i wont lie i was intimidated by the project scope. but what i failed to recognize was her pain. i did though eventually see it and when i did it was too late. by then someone else had promised her what she needed to hear. its never about the money...its always about the pain. can you relieve and help the seller with that pain. i walked in with cold hard cash when i needed to walk in with a both ears on listen mode. im not a good snake oil sales man but im learning the craft of listening. listen more than you talk, practice this with your friends and family try to keep conversations going with you saying as little as possible. SILENCE, PAUSE, LISTEN

I hope this helps, but dont be discouraged. at the end its a numbers game and some get lucky and others are born lucky. its a matter of being prepared and acting on it. luck can be good or bad what matters is if you are prepared and take action. Always be Selling and Always be Buying.