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Real Estate Next Beginner Call

Discussion in 'Real Estate Investing' started by reipro, Nov 12, 2007.

  1. reipro
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    reipro Contributor

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    Hey all,

    Just wanted to see when a good time would be to have the next call? Please post it here or send me a PM. This one should be much better as we have a little more time to plan the call. My suggestion would be to pick only 2 topics so that we can go more in depth about each one. Maybe even some suggestions of role play ect?
     
  2. Yankees338
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    Yankees338 Bronze Contributor

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    I'd be interested in something around 4PM EST Monday through Wednesday.

    Some topics I'd like to see covered would be smaller multifamily properties as well as marketing and management for these properties.

    Thanks again for organizing this!
     
  3. Allthingznew
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    Allthingznew Contributor

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    Thank you for your willingness to do this for us. I don't know if you've tried something like this http://www.talkshoe.com/talkshoe/web/main.jsp?pushNav=1&cmd=home in the past or not, but I think it automatically creates a downloadable copy of the talkcast. I haven't personally hosted a call, but I've listened to several using this service.
     
  4. S928
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    S928 Contributor

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    Can we aim for a date first? I'll vote for (Wed) Nov 28th @ 6:30 P.M. Mountain time ... hopefully, not too far off.

    We can role play my situation as I'm trying to grow my assets. I currently own two homes with plenty of equity and I need to 1031, or refinance, to keep growing. Can explain more if needed.
     
  5. 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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    Admin Post
    Bump.
     
  6. rzach41
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    I would like to talk about how to invest without your money or credit- wholesales, private lending, being the middleman in deals and getting paid for it etc.

    As far as when to schedule the call, anytime Monday/Wed/Fri in the afternoon (pacific time) works for me. Thanks!
     
  7. rzach41
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    rzach41 Contributor

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    Here's a quick little list I compiled regarding possible conference call topics:

    How to develop your niche and criteria in a property and local area
    -the critical factors we need to fully know and understand

    Time Management
    -advice on how to operate more efficiently and productively

    Exchanges
    -1031's and/or others, when and how to properly execute these

    Market Analysis
    -Learning how interest rates + bonds + mortgages + wallstreet + subprime lenders and anything I didnt mention, learning how they all relevantly intertwine

    Business Structures
    -Any advice on setting up LLCs and such

    Case Study of an Investment Property
    -An interactive experience to help us beginners to gain a more complete understanding of the overall processes involved in RE investing.

    Property Management
    -When to use it, etc

    Budgeting
    -Ways to help us control our money

    Networking
    -It's importance

    Lead Generating and Marketing
    -How to setup a successful lead producing system
    -Comparisons in different types of marketing (hand made signs vs printed, colors, different sizes, what gets the best responses on a consistent basis)

    These are all ideas, please add to the list!
     
  8. bflbob
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    bflbob Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Thursday is my worst day of the week.

    Other than that, I'm usually OK.
     
  9. Micklee
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    Micklee New Contributor

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    My schedule is usually flexible so I can work with the majority here.
     
  10. Jorge
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    Jorge Contributor

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    Excuse me if I didnt understood well. But whats the plan? Meeting online or in person? 'Cause I'm a little far from USA :p

    If its online, I would love to be there :)

    I would be interested in any topics, but not the ones related to taxes and business structures because the legislation in my country is different than the US, anyway this should be a topic for all of you because of their importance.
     
  11. Satpoint
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    Satpoint PARKED

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    How about a poll? I think it be a bit easier to see what day works best for everyone.
     
  12. Bilgefisher
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    Bilgefisher Bronze Contributor Read Millionaire Fastlane

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    Not to sound harsh, but I would think the best day that works for reipro is all that matters. He is the one hosting it after all.
     
  13. ryanpal
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    ryanpal Contributor Read Millionaire Fastlane

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    how about handling preforeclosures who've filed bankruptcy? i see this is very common lately
     
  14. reipro
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    reipro Contributor

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    I am out of town for the next 2 weeks, but will be more than gald to have the call when I get back. Lets look at topics that actaully effect people. Many of them listed are advanced real estate that I am sure most of you are not ready to use. Example why do you need to know about a 1031 if you do not even own a property yet? You want a niche market, but have no idea what you want to invest in? I am not making fun of these topics we just need to keep to the basics so all can learn from the call.:smash:
     
  15. kwerner
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    kwerner Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    How about door knocking techniques that you use with homeowners in the preforeclosure stage. I know that you and Stacy have been very successful in getting homeowner's to open up to you - how do you present yourself, or what's the first line you say, when they answer the door?

    And then once in the door - how about some advice about building rapport and trust with the homeowner, and getting the homeowner to realize that they need your help? I think that's a tall hurdle for many to overcome.

    Then - the process of presenting a win-win solution to help solve their problem (the foreclosure) and you, the investor, getting a good deal. How do you generally explain it to them - and what do you typically offer the homeowner to help them? (Of course every homeowner is going to have a slightly different need; but generally speaking.) Or, what questions do you ask in order to find out their needs? Then how do you present your case from there?

    I think that would be a great start...
     
  16. yveskleinsky
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    yveskleinsky Bronze Contributor Speedway Pass

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    REIpro-

    Since you have already gone down this road, why don't you lead the tour. I'm sure that we all have different topics that we would like covered- but maybe you could just start what what you feel are the basics before expanding.
     
  17. ryanpal
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    ryanpal Contributor Read Millionaire Fastlane

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    i'll second this. i've spoken with stacy many times but it's always good to hear what i'm doing wrong and how to improve myself. this is one of the biggest battles i'm dealing with. i get homeowners to open up but don't quite seal the deal. and i build rapport with some, but not as affectively as i should in order to "close".

    ryan
     
  18. S928
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    S928 Contributor

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    In agreeance with both posts above.

    :coffee:
     
  19. reipro
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    reipro Contributor

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    I have been out of town for several weeks on busniess then a family emergency. Lets have the next call right after the first of the year!
     
  20. Jakko
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    Jakko Contributor

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    I would be interested in this if you are still planning to do it.
     
  21. BEAR
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    BEAR Contributor Read Millionaire Fastlane Speedway Pass

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    I am looking forward to this!

    Whenever you have the time, I will be there.....:thumbsup:
     
  22. kwerner
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    kwerner Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    David - I've thought of another topic that I think would be of interest to those of us starting out: recording the deed in today's environment.

    Do you still recommend recording the deed after getting it from the homeowner (if you plan on flipping it) or have you found that this causes a seasoning issue with the banks, in today's environment? If so what is your way around this issue?

    Thanks again, I'm looking forward to the next call.
     
  23. Yankees338
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    Yankees338 Bronze Contributor

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    Has anything been decided with this? I'd still be interested in attending...well....listening.

    Is everything alright w/reipro?
     
  24. kelrash
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    kelrash PARKED

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    I would be interested in it also.:icon_super:
     
  25. mtnman
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    mtnman Bronze Contributor FASTLANE INSIDER Speedway Pass

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    I'm interested as as well.
     

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