Meeting Notes 9-12-13
ANNOUNCEMENTS
I Survived Real Estate – Sign up on our team, raise or pay $200 get a seat- be top 14 of our team and sit at ICW table. Last day to fund raise is OCT 1st.
60 day Challenge starts on Sept. 23rd email Iris if you are willing to do a testimonial on Tuesday or Wednesday meeting.
BREAKTHROUGHS
Michelle – Discovered an application – “Send out cards” to use your own handwriting for mailers
Andres- Got a new car, 2 mobile homes for free in Corona.
Jenny- Took a mistake in hard money loan, and turned it into learning experience and have 4 properties out of state to hold. Helped elderly couple locked out of car- and phone rang and guy responded to postcard!
Martel-Bandit signs without Mom’s permission!
Wendi-1 loan, Rehab done sell next week – Lancaster 57k sell for 85k
Kiyomi –Narrowed down to Lake Elsinore specialist! Discovered app – “snap shot” take pictures and give property information. Hemet for multiple properties
Donna - Reconnected with private money and still wanting to partner
Finished rehab on Rental in Landcaster
John – Daughter started Kindergarten, Son started preschool! Got a property under contract!
Paul- Made offers on 1st mailing campaign and still talking to them. Paul rents 3 rooms in his house, had vacancy. Filled it with Japanese guy lives in Kobe. “Jump off Campus” Got to see America’s Cup.
Reine- “Patience”- Theme of the month – no alcohol for one month
Ayumi– Went on vacation. Closed on Short Sale in 10 days to hold in Houston, Texas, cleaned up and ready to Rent!
Tim – Be an asshole..stop being nice. Dropped the hammer and feel better. Run a business like a business.
Steve- Rehab in escrow! 27 days to go! AND did a private money loan.
Iris – Deal in Nellie Gail and big ass deal in Orange Acres - always get what you ask for but not always being a bitch about it.
Sean- Money, Patience, - was in E.R. for dehydration. Labor day 100k shows up private money.
Bobi – Difficult conversation and had good outcome.Veronika – Fun to negotiate buying the dry cleaners up the street. If I don’t feel good about something I do no, trust myself.
Jenelle – Learned, don’t talk to sellers for 2 hours and then find out not motivated.
Deal review
Andres deal
John Boyer
PARTNERS
Sean & Michelle
Manny & Karen
Reine & Andres
Donna & John Boyer
Sam & Steve
Jenny & Vern
Tim & Paul
Stephanie & Ruth
Wendy & Ayumi
Janelle & Kiyomi
Martel & Martice
ACCOUNTABILITY
STEPH
10 offers
200 mailers
Finish dad’s paperwork/mail off
Manifestation: 5 lbs
MANNY
200 mailers
M: $50K
KYOMI
5 offers Yes plus
M: 1 deal Not yet
PAUL
Weigh 160 (drop 4 lbs) Not yet
Get 1 deal from pipeline under contract Not yet
M: $3k in magic money $1100
VERN
Mail 1000 mailersYes
M: win lotteryNot sure
JENNY
Workout 40min 6x weekYes worked out more than usual
400 postcards 220 – 4 calls
M: $4k magic moneyNot yet – it’s somewhere in the deal
MICHELLE
300 mailers yellow lettersYes
Organize officeYes
Increase $300 per monthin process
M: A dealnot yet
AYUMI
500 mailersnot yet
5 offersnot yet
M: 1 dealTexas deal
RUTH - Probably
Finish 2 rehabs
Rent 2 houses
Work to get 2 under contract
Finish vision board
Follow-up on leads
M: finding lots to build houses
SAM
6 offers
M: 1 deal close to cash in hand – 2K
STEVE
Rehab in escrowYes
150 mailers from drive bysNot yet
M: fishing trip with SeanNot yet
SEAN
$1k cash flow per month $975
Commit to refipckg for fourplex
Commit to helping someone in the group winyes
M: fishing trip mid September
WENDY
$10k next month, anythingYES!
500 letters250
M: 2 more deals 1 deal
BOBI
500 passive per monthMaybe sort of Bryce deal to close next week
M: free trip to BaliNot yet
IRIS
Actually get website up (wetsuitrack.com)not yet
M: free trip to BaliNot yet
KAREN
Sustain dating several people at a time without committing – BE A PLAYERYes
Schedule free trip to HIWent to Kauai
Schedule free trip to Europe
Get my swerve onYES
2500 mailers
M: mom making decision on proposals,YES50Mil, seller with multiple houses to sell
TIM
start new biz, discountwetsuitracks.com
get permits for rehab homeYES
$100k a month
5k mailersNo
M: a place to stay while rehabbingYes
REINE
500 mailersNo 10 ish
Lose 5 inches, not the boobs
Join a swim team/take swim class/swim 2x a week YES
Close 5 dealsNot yet Not yet
M: $55k or win $50Mil through lottery
M: free trip to a tropical place/BaliNot yet
NEW GOALS
Vern
Goal: do a deal or two
Manifestation: Tesla
Sean
Goal:$2000 cash flow month & Partner with someone on a deal
Manifestation: $80,000 and $15,000 of family money
Iris
Goal: Get this website out & a touch up with Cappi
Manifest: 24 excellent people in challenge,, free trip to Bali
Steve
Goal: Close this rehab & 150 mailers
Manifest: New rehab
Tim
Goal: close 3 deals
Manifest:
Ayumi
Goal: Find a renter & 600 mailers
Manifest : 1 wholesale deal under contract
Reine
Goal: Send out letters my assistant already wrote & focus 3hours to helping someone & release 5 inches or more not from my boobs. & finish homework project
Manifest: $50,003 & for her agents to close 3 deals & an apartment complex
Paul
Goal: Get to 160lbs or less, organize business cards & both websites up by next meeting
Manifest: a deal
John
Goal & Manifestations:: $10,000/month, close a wholesale deal a month
Donna
Goals:Property manager & tenant, 400 mailers, 10 bandit signs in target area
Manifest: another rental
Kiyomi
Goal: Lose 10 lbs
Manifestation: get a buy and hold
Wendy
Goal: Sell & close rehab + 2 deals + lose 2 inch for I survived
Manifest: 1 rental
Martel
Goal: Be consistant with Bandit Sign
Manifest: $10,000 check or more
Jenny
Goal: Finish remote rehab on 4 props and rented… add 3 more sellers 2 in escrow
Manifest: $1000 from thing with husband
Andres
Goal & Manifest: 5 mobile homes + 2 private investors
Michelle
Goal: clean out personal lateral file & read “Winning”
Manifest: Mom is healthy & seller financing deal
Janelle
One wholesale deal 2000 mailers + 100 mailers for drive for dollars
$500 passive income
Bobi
Goal: Release 10 lbs stomach
Manifest: free trip to Bali – 2 or more slam dunk easy rehabs
HOTSEAT
- Kiyomi
I’m going to manifest house to buy and hold and rent – having a hard time when going to make an offer
Is it free n clear – could they refi and you take over the payments
Talk to them, doesn’t make sense for you to put all the money in unless discount
Seller finance
Ask why you need the cash?
Your price my terms
Cash full price
How motivated
Follow up later
Find out how much you need for now
Why you want the cash
Tax benefits
Have them imagine money in the bank account $300,000 what is it that you going to do
Would you buy this with cash
Can I find cash for this? If I borrowed
If I can find you something to trade would trade.
Why haven’t you just sold it with a realtor?
- Wendi – question about NOTES – How do you get started not making a mistake
Dawn Rickenbaugh – the note queen
Jimmy Napier
Jeff Armstrong
Donna Bauer
Bill Tan
Note conference
Note convention
Find a deal & have them pay partial note 30%
Safe LTV
Property you would buy
A paper notes or non-performing
Buy Notes from Credit Union
- John- Trying to get more efficient with Time management Creative ways to be more effective – Virtual Assistant –employee
Evaluations
Looking for leads
Looking up property profile
Real Estate trained VA
Identifying properties
MLS – look for cash buyers &411.com to get phone numbers
My house deals.com
Calls expired listing and say do you still want to sell
Create the system & item of process
Look up FSBO list
Hire someone to do something for you- anything
Take messages for you
4 hour workweek
- Tim – Coworker has $100k in self directed IRA
Not put title in IRA do it as a loan to Tim
Paying interest or partnership
Bobi advise not partnership
Don’t worry about 12% not using
10k earnest money.
Check cap rate
Deals
John
3033 Garfield – Paulerino & Baker
Rents 5/2 1400sqft 6000sqft
Occupied
$490,000 + 13k
Veronika
10 unit Desert Hot Springs
$150,000 was listed 399k then 300k
Special needs – Motel, zoned R2 (1 unit or 2 unit or 10 unit rebuild)
7th street – little rough
Santa Ana – Verbal contract on Monday
417 N Garfield in Santa Ana
Price 200k ARV – 382K
School across the street
840 sqft 2200 lot
Tim
185 S. Avenida Felipe
ARV $750,000 Anaheim Hills
Contract $590,000
$62,000 Rehab
4/3 2770 sqft
Fountain Valley-someone else deal
670k buying for 545k 30k rehab – 48k wholesale
Rental college area
Lady Signed contract without looking at it.
3/2 1700sqft + 2/1 built on
Renting for $1800 will rent for $3300
ARV $510,000
$410,000
John – free n clear – raintree road
3/2
1300 sqft
3900 sqft
Carry with a down
Rents $2200
Max term 5 years
ARV $560,000
Price $499k
Leader- Tim
Notetaker– Karen
Hotseat - Paul, Jenny, Vern, Sean
Timer - Reine