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Archive for January, 2010

Accountability Monday 01/25/10

January 25, 2010 8 comments

It’s the time again. I can’t believe it’s been a week since my last post. I have been busy this week. Unfortunately I haven’t been as productive as I would like. First let’s jump into what I completed from last week.

  • Ramp up my Craigslist marketing. I have been meaning to do this since I came back from the REIA meeing, but I have been exhausted the past few days. FAILED! I only posted 2 ads this week. One to attract sellers and another one to attract more buyers.
  • Work on creating a “call flow” script for my “Virtual Assistant”.  I am lucky enough to have a couple of people vested in my business that are more that willing to do whatever it takes to get this rolling, and the best part is they have time to make and take calls. Done (Kinda). I met with my VAs and we hashed out what they should say and how to handle the call. I just need to finalize the script.
  • Begin the development work for my company’s website. Since I have a background in IT I’ll be developing this myself; which is a huge expense saver! Again another failure! I have my domain registered, but I have not began any of the development work worth anything. I now remember how painful developing a website from scratch can be. It’s been a while since I had to create one.
  • Begin developing a shotgun mailing campaign. I’m going to direct mail FSBO, pre-foreclosure,landlords, and section 8s.  This will be sent to the people I’m not able to get a hold off by phone.  And finally another failure. I just dragged my feet on this task.

I have been setting a good goal of sitting down in the evening starting at 9PM or 10PM and attempting to work on things until 12:30AM or 1AM. But I would let myself get distracted with my domain tweaking and testing, attempting to catch up on twitter, and stay up to date on blogs.  (It was more the domain than anything!)  I have taken a step back and I am starting to manage my time better.

This weeks goals are:

  • Continue to maximize Craigslist. I’m going to change my marketing for buyers around to see the results I get. I would have liked to have my website up and running to use as a link instead of Wufoo, but I can’t afford to wait on completing the website. I also plan to start digging through the FSBO and see if I can find or negotiate any deals.
  • Finish up the VA calling script
  • I have a couple of Graphic Design friends, and I’ll see if they would like to design my graphic or the shell of my website. I just can’t spend the time to design it myself.
  • Draft my mailing and research a target demographic to target.

On a different note: I did receive my first potential seller call me Thursday evening. I wasn’t able to take the care, but I called them on Friday after I got home from the 9-5. The seller is an out of state investor that thought the property was closer to University of Akron, but it’s clear on the other side of the freeway. Now I’ll be upfront, I was nervous as hell calling.   First I had to call the guys wife (She left the voice mail), and called the guy after she gave me his cell phone number. The call started out rough, but I managed to get him talking. Soon enough I had the details about the property, the amount he is asking, and I added him as a potential buyer! My only setback was he already listed the property with a Realtor, and I was going to use a flex contract on this deal. I think having a Realtor kills that option, and I don’t feel comfortable enough to use a standard contract on this deal. I would if I knew that area better, and held confidence in my buyers list. (I haven’t done a deal with them, so I don’t place any faith in them closing on a potential deal until they do so. I know it’s kind of a Catch-22)

I think that’ll keep me busy for the week. Hopefully I can get sellers coming my way and close on my first deal.  I had the goal of doing 2 deals this month, and it’s getting to be crunch time. I’m still aiming for that! These next 5 days are going to get crazy, and I’m looking forward to it.

Til Next Time!

Categories: Accountability

Accountability Monday 11/18/2010

January 18, 2010 Leave a comment

It is Monday, and as promised here is my first accountability Monday blog post. I was thinking about this post today, and I feel like I would benefit by having an accountability Sunday instead of Monday. It would help me gather my thoughts and plans for the week, since the only free time I have to get stuff done is at night.

But without further ado!

  • Ramp up my Craigslist marketing. I have been meaning to do this since I came back from the REIA meeing, but I have been exhausted the past few days.
  • Work on creating a “call flow” script for my “Virtual Assistant”.  I am lucky enough to have a couple of people vested in my business that are more that willing to do whatever it takes to get this rolling, and the best part is they have time to make and take calls.
  • Begin the development work for my company’s website. Since I have a background in IT I’ll be developing this myself; which is a huge expense saver!
  • Begin developing a shotgun mailing campaign. I’m going to direct mail FSBO, pre-foreclosure,landlords, and section 8s.  This will be sent to the people I’m not able to get a hold off by phone.

I’d post more but Firefox keeps crashing, and I need to get it fixed.

‘Til next time!

Categories: Accountability, Goals

REIA – A Let Down

January 14, 2010 5 comments

I’m going to keep this brief since I don’t like to dwell on the negative…

I did force myself to go the the local Real Estate Investors Association last night, and I have to say I was kind of disappointed by it. I got an odd vibe… Well the best way to describe it is: a bunch of semi-grumpy old guys that just complained. There were a few people there that probably would have been worth talking to, but during the networking time everyone drifted into their cliches… Now that I look back on the meeting this came to mind.

But I digress…

I was able to take myself out of my comfort zone and actually talk to a couple of people. One guy was selling his negotiator service for short sales. I haven’t looked into doing short sales yet, so I think I’m going to contact this guy to see if he knows an investor that will pay for short sale referrals. I have the feeling I’m going to come across some short sale candidates, so I might as well make some money from those leads.

The other person I was able to talk to was another wholesaler that is just getting started in the Cleveland area which is about an hour north of me. If i find any deals in that area I can connect with him to help me market the deal and split the assignment fee. Half is better than nothing!

Outside of that I got nothing out of it. The topic of the night was “Creative Financing”, but the only topics covered were using private money through IRAs (which I already knew about and have a good understanding) and selling notes. The notes topic was interesting but it’s nothing I can put to use now.

I think I’m going to give this REIA another shot next month. There is another one in the city of Canton later this month. I might go check that one out. That’s all for tonight I gotta get rolling on my marketing.

PS – I was going to make a video blog about this, but it would have just been me starting at the camera talking. That would have been horribly boring, so I decided to save the couple readers I have from that boredom! I’ll start posting some videos once I start coming up with some good content.

Categories: Uncategorized

January Shuffle

January 13, 2010 Leave a comment

It’s been too long since I have blogged. I need to make it a habit to blog more often.  I think I’m going to start blogging either every day or every other day.  I’m hoping this will force me to be more accountable to myself.

I have been doing some reflection on the goals I posted at the end of December, and thanks to Nick from Subject2 I realized i needed to break down my goals further. I am going to start creating weekly and daily goals. I think I might start doing “Accountability Mondays”. I know a lot of other real estate bloggers do this, and I like the idea.

So to revisit my January goals. I have yet to do a deal, and its almost the halfway point of the month. I have been doing some marketing through CraigLists for buyers, and I have had some moderate success. I currently have a list of 5 potential buyers. (I won’t consider them buyers until they buy from me). Outside of that my current marketing has been pitiful. I’ve been struggling to find a balance between family and business time after I’m done at the 9 to 5, but I think I finally found a groove that will work for me.

Over the next couple of days I’m planning on sitting down and ironing out a new marketing plan, and then I’m going to start hitting it hard and being aggressive in making sure the plan succeed. I am also going to the local Real Estate Investors Association meeting tonight, and I’m hoping to make a few good contacts there. Maybe I’ll post something about the meeting tonight when I get back. I am also thinking of doing some video blog action. I can thank Nick again for that inspiration!