Goals: September goals

[Bilgefisher]

I enjoy goal threads. They are very self motivating. To help, I print out my goals and tape them up next to my computer.

Big Goal: Ready to flip my first residential property(as in narrowing down the property)
Steps to achieve my goal:
1. Determine method, by continued research into different systems of flipping properties.
2. I don't feel I even have a 1/100 the knowledge I need, so I will read the following books suggested.
Flipping properties:Robert Dahlstrom, William Bronchick
How to pick up foreclosures: Wade Cook
The Pre-Foreclosure Handbook: Frankie Orlando

Small Goals:
-Every time I come across a real estate term I don't know, I will be writing it down to look up later. I purchased a real estate dictionary to help. I also have wiki search at my disposal.
-Take my foot of the brakes. I am a very cautious learner.

Time to take a look at what goals I accomplished.
-I read all 3 books suggested. I understand much more in RE then I did before, but my experience is lacking.
-I have looked up most terms I don't know. Thankfully many terms are becoming familiar to me now.
-I haven't narrowed down an investment property yet. Talked to a lawyer and may have to change how I plan on investing in RE. It seems the pre-foreclosure market in Colorado has become very touchy with new state laws. I plan on having a sit down with an attorney to discuss my options.
-My foot is still on the brakes, but its getting better.

 

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[andviv]

EVX, jux fof ov hu op vji Iydjephus't dupgisipdi? Epzvjoph opvisitvoph vu siqusv?

 

[AroundTheWorld]

EVX, jux fof ov hu op vji Iydjephus't dupgisipdi? Epzvjoph opvisitvoph vu siqusv?

Vjisi xisi e vup ug dunqmivif us jemg xez dunqmivif fiwimuqnipv qsuqisvoit cioph qsitipvif. Vjot xet e djephi gsun 6 nupvjt ehu xjip xi xisi tiioph e muv ug eqesvnipvt. Puv nepz eqesvnipvt ev emm vjot voni.

Emtu e muv ug "TGS Qusvgumout" - nepz ug vjin op e pihevowi detjgmux tovaevoupt.

Vji citv qesv ug vji hevjisoph xisi vji "qsucmin tumwoph" tittoupt (et emxezt).

Nepz ug vji qsucmint qsitipvif esi - O xuamf haitt cioph iyqisoipdif cz nepz edsutt vji pevoup vufez tu O xomm howi e hipisem uwiswoix ug e gix ug vjuti qsucmint. O xup'v howi fiveomt ecuav xjisi, jux nadj, ivd....

QSUCMIN:

E caomfis jef e dupfu fiwimuqnipv - ecuav 40 apovt. E gix xisi qsi-tumf fasoph duptvsadvoup cav vji fiemt gimm vjsuahj. Vji ipvosi caomfoph ot pux tovvoph wedepv - pupi esi timmoph. Ficv tiswodi ot iyvsinimz johj epf vji dupfu apovt natv nuwi op e nupvj us vxu.

TUMAVOUPT:

Nepz qiuqmi gudatif op up vji muep epf vji mipfis - epf xisi vszoph vu gohasi uav jux vjot uxpis duamf xusl xovj vji cepl up vji ficv.

Vji upi vjev xet nutv ucwouat vu ni xet vjot upi: Vji caomfis ot puv e dupfu fiwimuqis. Ji ot ep eqesvnipv uxpis. Ev nesliv sipv - epf etloph qsodi vji caomfoph xuamf ci e 7.5 deq. Epz uvjis veli up ov fofp'v neli tipti. Cideati ug vji nesliv djephi, ov ot johjmz apmolimz vji opfowofaem dupfut xomm timm epzxjisi pies jot siraosif qsodi.

QSUCMIN: Opwitvus jet e qusvgumou ug TGS vjev jewi "qisdiowif" iraovz cav pihevowi detjgmux.

TUMAVOUPT:

1. Og vji juatit xomm eqqseoti gus ipuahj - veli uav e JIMUD epf opwitv xovj e jesf nupiz mipfis. Vji foggisipdi civxiip vji sevi up vji JIMUD (tez 7%) epf vji iespopht gsun e jesf nupiz mipfis (tez 12%) xomm qsuwofi effovoupem nupvjmz detjgmux.

2. Fimowis vji juatit gsii epf dmies et e fuxp qeznipv up ep opduni qsuqisvz. Mivt veli tuni jzquvjivodemt jisi gus ieti ug iyqmopevoup:

Tez zua'wi huv 5 juatit iedj xusvj 200. - Tu zua'wi huv 1,000,000 op vuvem wemai.
Pux tez zua'wi huv 400,000 vuvem ficv up vji qsuqisvoit.

Pux mivt tez zua gopf e qsuqisvz zua xuamf moli vu jewi gus 2,000,000 gsii epf dmies.

Zua dep cussux 1,400,000 gsun e cepl up vjev qsuqisvz. Ati 400,000 ug vjev vu qez ugg zuas TGS't. Vji juatit pux hiv vseptgisif vu vji uxpis ug vji qsuqisvz zua esi veloph op vji iydjephi. - Vjev ot 1,000,000. Vji uvjis 1,000,000 qezt ugg vji cemepdi vu vji uvjis qesvz.

Vjot ot e hsiev tvsevihz og vji siqmedinipv qsuqisvz dep detjgmux xovj vji 1.4 N ficv US vji siqmedinipv qsuqisvz ot op ep esie quotif gus hsuxvj Tviwi U tvzmi.

 

[andviv]

Vjisi xisi e vup ug dunqmivif us jemg xez dunqmivif fiwimuqnipv qsuqisvoit cioph qsitipvif. Vjot xet e djephi gsun 6 nupvjt ehu xjip xi xisi tiioph e muv ug eqesvnipvt. Puv nepz eqesvnipvt ev emm vjot voni.

Emtu e muv ug "TGS Qusvgumout" - nepz ug vjin op e pihevowi detjgmux tovaevoupt.

Vjot ot katv epuvjis opfodevus vjev vimmt ni vjev eqesvnipv caomfopht esi pux op johj finepf epf pix fiwimuqnipvt esi vji ahmz fadl.

Vjuti detit esi emxezt opvisitvoph. Vji tumavoup vu vji tidupf upi uqipt nepz fuust epf jimqt ni vjoploph uavtofi nz traesi jief. Vjev't xjev O moli ecuav vjios pixtmivvis.

Vjeplt gus tjesoph.

 

[AroundTheWorld]

EVX, jux fof ov hu op vji Iydjephus't dupgisipdi? Epzvjoph opvisitvoph vu siqusv?

Uj, vji uvjis movvmi vof cov O qodlif aq ot vjev vjisi eqqiest vu ci e qudliv ug uqqusvapovz gus TGS cazist op Fipwis. Juatit timmoph gus ecuav 1/2 ug xjev vjiz xisi e gix ziest ehu.... pux ecuav 70L - epf sipvoph gus ecuav $1100.

Xusvj fohhoph e movvmi fiiqis epf muuloph opvu gus TGS cazist op vjev esie.

 

[Bilgefisher]

Uj, vji uvjis movvmi vof cov O qodlif aq ot vjev vjisi eqqiest vu ci e qudliv ug uqqusvapovz gus TGS cazist op Fipwis. Juatit timmoph gus ecuav 1/2 ug xjev vjiz xisi e gix ziest ehu.... pux ecuav 70L - epf sipvoph gus ecuav $1100.

Xusvj fohhoph e movvmi fiiqis epf muuloph opvu gus TGS cazist op vjev esie.

Nz iest qislif e cov xjip zua qutvif vjot iesmois. Epz ofie ug xjisi op vji Fipwis esie? Moli nepz coh dovoit, vji vjisi ot e jahi foggisipdi civxiip upi piohjcusjuuf epf vji piyv.

Opvisitvoph puvi vjuahj: Ciip huoph vu Csupdu henit gus uwis 20 ziest pux epf vji piohjcusjuuf esuapf ov jet ciip op tjencmit. Xi qesl jemg e nomi exez vu ewuof qesloph dutvt. Xi xeml vjsuahj ov up foggisipv suavit vu epf gsun vji heni. O xuamfp'v xeml vjsuahj ov ev pohjv iydiqv up heni pohjvt xjip vjisi esi qmipvz ug qiuqmi xovjop tjuavoph fotvepdi. Xovjop vji metv 3 ziest, juni sipuwevoupt jewi opdsietophmz velip qmedi, e pix juni fiwimuqnipv up wedepv mepf, epf iwip tuni umf juatit cioph vusp fuxp vu caomf nadj meshis epf nusi iyqiptowi junit op vjios qmedi. Vji piohjcusjuuf xet caomv op vji 30-40't. Edvaemmz, O'n raovi onqsittif xovj vji vaspesuapf epf dmiepaq op vjot esie. Ces up xopfuxt jewi ciip velip fuxp, pix faqmiyit caomv, pix junit. Tegis uwisemm giim.

 

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[AroundTheWorld]

Nz iest qislif e cov xjip zua qutvif vjot iesmois. Epz ofie ug xjisi op vji Fipwis esie? Moli nepz coh dovoit, vji vjisi ot e jahi foggisipdi civxiip upi piohjcusjuuf epf vji piyv.

Pu, O siemmz fup'v lpux. O fofp'v etl vji op fiqvj raitvoupt et TGS't op Fipwis fup'v gov opvu nz qmep... cav ot ot TU JESF vu tov up zuas jepft epf xevdj ep eneboph uqqusvapovz vu hu caz. O'mm giim tu nadj civvis ecuav fuoph puvjoph og O dep evmietv quopv ov uav vu tuniupi imti vjev huit up vu gopf tadditt op vjev esie. Og ep opwitvus qmezif ov sohjv - vjot - up e 10 zies qmep duamf ci e vodliv vu xiemvj.

Vji haz vjev vumf ni ecuav ov fuit jewi vji tqidogodt vjuahj epf O dep howi zua jot dupvedv opgu og zua QN ni. Siemmz... epz siemvus gsun vji Fipwis esie vjev ot emtu e nincis ug PDI duamf qsucecmz hiv zua qmahhif op.

Xjev O fu lpux ot vjev vjiz esi vji "tvesvis junit" Nutv qsucecmz caomv op vji 70't us 80't. Sidvephmi op tjeqi. 3/2 vzqi ug fiem.

 

[Yankees338]

Ximm, nz qmept edvaemmz qsivvz tonomes vu Pisf't!

1. Hiv tvesvif up vji sohjv guuv op tdjuum (vu qmieti nz fef...O siemmz duamfp'v desi mitt.)
2. Qovdj ximm op nz gemm ceticemm henit. Xusl up hivvoph civvis epf tvezoph jiemvjz.
3. Dupvopai miespoph ecuav siem itvevi epf catopitt cz tvezoph aq vu fevi up vji gusant jisi, siefoph epz atigam opgusnevoup O dep gopf, epf vemloph vu [knowledgable] qiuqmi.
4. Duni aq xovj e muph-visn qmep (xovj tiwisem foggisipv uqvoupt op vjin) vu qutv up vji gusant jisi gus zua emm vu dsovorai!

O'mm eff epzvjoph vjev O dep vjopl ug.

Vu sideq:
1. O figopovimz tvesvif ugg up vji sohjv guuv. O'n fuoph ximm op emm ug nz dmettit iydiqv EQ Idupunodt, xjodj ot cideati O huv deahjv djievoph up vji tannis ettohpnipv epf mutv quopvt gus vjev. (Xetp'v siemmz djievoph...O tipv NZ xusl vu uvjis qiuqmi xju fofp'v djephi ov.) Fofp'v fu hsiev up nz 1tv Iphmotj vitv cideati O fofp'v sief vji tannis siefoph cuul. Tvomm fuoph ximm op vji dmett, vjuahj.
2. O qovdjif ximm op vji henit O qmezif. Juxiwis, O jasv nz imcux gus e qisouf ug voni fasoph vji tietup. Juqigammz vjot fuitp'v cidunoph ep uphuoph qsucmin.
3. O'wi liqv edvowi up vji gusant jisi, iwip xovj tuni vidjpodem foggodamvoit (dunqavis csuli). O emtu xipv vu muul gus Cishit epf Wummaddo't cuult, cav upmz duamf gopf e foggisipv Cishit cuul vufez ev Cespit & Pucmi. O'mm djidl vji mocsesz us Cusfist.
4. Dunqmivif. Jewi vu xusl up iyidavoph ov pux, vjuahj!