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My financial goal for December & January

Discussion in 'Progress/Execution Threads' started by rzach41, Dec 4, 2007.

  1. rzach41
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    rzach41 Contributor

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    By February 6th I will have raised $5,000 by bird dogging the city of Oroville.
    I intend to give my Wednesday & Friday afternoons in return for the money.
    Each Wednesday and Friday afternoon will be spent driving around the city of Oroville for no less than two hours per trip.

    I will be paid $675 for each of my first three properties I find. Once I have accomplished this we will renegotiate my going rate. To keep thing simple we will assume I will be paid $675 for all eight properties I will find.
    $675 x 8 = $5,400
    64 (# of days to complete goal) / 8 (# of deals I need to make $5,000+) = 8
    64 days is my timetable. To ensure I stay on course with my deadlinee, I must find one property every eight days.

    First property by: 12/12/07
    Second property by: 12/20/07
    Third property by: 12/28/07
    Fourth property by: 1/5/08
    Fifth property by: 1/13/08
    Sixth property by: 1/21/08
    Seventh property by: 1/29/08
    Eighth property by: 2/6/08

    Each week, the Wednesday will be spent finding the properties. Fridays will be reserved for getting the additional information down at the clerk-recorder & assessors offices. If I fall behind schedule, I will use Sunday afternoon as time to catch up and stay on track.


    I'll update this thread on the progress I make.

    Thanks for reading

    Ryan
     
  2. Yankees338
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    Yankees338 Bronze Contributor

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    Sounds like a good plan! Good luck...

    Only thing I'd consider is that many places are closed on Sundays. If you're going to the clerk's office, it may be closed. Realtors may not be showing properties. And other people may just be uninterested in dealing with clients and anything else work related on Sundays.
     
  3. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Thanks! I love it when people are out there DOING stuff. Please keep us updated! :smxG:
     
  4. andviv
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    andviv Gold Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass Summit Attendee

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    I love the way you have created your schedule and are taking action.
    I want to issue a word of advice so you can make sure your plan is sound.
    I don't know how you've setup this but in my case I've paid the birddogging only after closing, as the leads that do not close have no value for me. If that is the case, you will be getting your money probably 30 to 60 days after finding the last one.
     
  5. Rawr
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    Rawr Gold Contributor Speedway Pass

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    Good Luck!
     
  6. rzach41
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    rzach41 Contributor

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    12/5/07

    Today was my first bird dog session. I drove from approximately 12:00 to 4:15. Since I update our local real estate investment clubs foreclosure list each week, I had about 7 fresh notice of defaults to go track down. I google-mapped all the properties then got directions from one property to the next- because if I didn't I would surely be lost.
    Anyways, I tracked down all my target properties, and also found four different ones with potential. Everything was a success until I got home and realized that I do not have the necessary cord to upload my pictures from the digital camera to my laptop. Shiza.

    I am also using this thread to keep track of my miles driven.

    Purpose of Trip: Bird dog
    Start Mileage: 178,152
    End Mileage: 178,262
    Total Miles Driven: 110


    PS: I almost got mauled by two huge dogs that ran at me when I tried to take a picture of a property. The car was on with the drivers door open so I made a swift escape, but still... way to throw me a curveball
     
  7. rzach41
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    rzach41 Contributor

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    12/7/07

    Trip #2

    Purpose of trip: bird dog
    Left at: 2:45 PM
    Returned at: 4:45 PM
    Starting Mileage: 178,330
    Ending Mileage: 178,357

    Today I found eight more properties. :eusa_clap:
    Now I must create another powerpoint presentation for these properties.


    workinnnnnnnnn my plan,

    Ryan
     
  8. tylerblue
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    tylerblue New Contributor

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    RZA,

    When you are collecting information on each property, what sort of things are you noting?

    Lot size? School district? Last sale date? Do you find out who the owners are and phone book them?

    I'm interested to know what your investors want to know.....
     
  9. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Can you tell us what part of CA you are in? SoCal? NoCal?
     
  10. rzach41
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    rzach41 Contributor

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    Northern California. Chico to be exact.
     
  11. CactusWren
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    CactusWren Contributor

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  12. rzach41
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    rzach41 Contributor

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    The whole "holiday season" shot my plan to sh*t. I had to go home for a few weeks. I'm back and I'm picking up right where I left off. The plan is still there, but instead of having that $5K by 2/4/08 itll be sometime in march or maybe even early april. Who knows, I might even wholesale a property before I even bird dog one... wouldn't that be something.

    Definitely should have accounted for CHRISTMAS and NEW YEARS when I drew up my plan... :\
     

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