Woohoo! We got 2 more calls in from our direct mail campaign of 278 folks.
The next call we got, I had already gotten my wisdom teeth out so I was in no condition to answer the phone. So I let it go to voice mail. His voice mail message went a little something like this:
“Oh Carey. It sounds like you’re a woman, that’s good because if you were a man I would have been pretty angry. So you want to buy my property? Do you know anything about it? Do you know how much land it has? Anyway, you can call me back at this number.”
What the heck is going on with these folks? lol Does someone wanna tell me? I’ve always told other women that it’s an asset in this business (actually any type of sales related venture or in-person type of business, I think it’s a huge asset to being a woman.)
Then today we got another call. Again, I can’t really talk too well, especially when I’m doped up on my pain meds. So it went to voice mail as well. His message went a little something like this:
“My name is blah blah blah and you don’t know me because you sent the letter to this company name, which is the name of the company that holds some of my property. I don’t know if you’re looking for a single family home or what? But I have 2 apartment buildings and I’d be willing to talk to you about selling them but I’m not trying to give them away. Call me at this number or I will call you back this evening.”
Sooo that one was a little better, huh? Making some progress. I think I’m going to have to tweak my letters a wee bit. I’m using Dave Lindahl’s letters straight from his course, but I may have to say I want to buy your Apartment Building instead of just your Property! Wouldn’t ya’ll agree??
Anyway, I gave Kathy the bad news that she’s going to have to call these 2 folks back. She’s having a slight panic attack. Mostly because she doesn’t know what to say and I informed her but at least you can speak normally right now lol plus I told her that I don’t know what to say either. We just gotta follow the script from the book. I am must better on my toes than her, but oh well…..there’s gonna be times where she’s gonna have to make calls too and now is one of them.
I did look up everyone’s property information that called us though. They are mostly 2 to 6 units. Not all that exciting for us, but heck I’m still gonna call (or make Kathy call) because it’s practice.
Plus, get this. When Kathy was a little kid her father owned an apartment building but his wife at the time made him sell it. Anyway, we drove by there today and it’s for sale!!! I just looked up that info on the MLS too. We’re probably gonna check that out too.
So I’m super psyched about everything that’s moving along and I can’t wait to not look like a chipmunk anymore and to be able to eat properly, talk properly and not be in pain, because I got things to do!
We had to move our Cash Flow Game session from tonite til tomorrow nite because I’m just not quite feeling up to it yet. Kathy assures me that I should start to feel better tomorrow. We shall see?
Now, I’m about to pass out as I just took an oxycodone. I’m surprised I’m not so loopy and that I could actually make this post.
🙂 Over and out for now…….I’m off to la la land.
P.S. I almost forgot, we heard back from 2 commercial real estate brokers. We’re gonna meet one of them either on Monday or Tuesday and the other one we’re still waiting to hear from.
Woohoo! We received our first response to our direct mail campaign that we sent out. Now my neighbor, Becky (and her family,) stuffed envelopes, put return addresses on them, hand addressed the envelopes, sealed them and put stamps on them all for .10 an envelope. They did 278 envelopes when all was said and done and she took out the duplicates.
I paid her yesterday by check and put all of the envelopes in the mail yesterday. This afternoon I got my first call.
Now, first of all I wasn’t expecting the call (but even if I was I’m sure the conversation would have went the same lol) I was helping Joe study for his science test and my phone rang. So I answered it. The guy on the other line says: “you sent me a letter?”
I said: “I sure did sir. Do you have a property that you’d like to sell?” He says: “Yeah. How much will you give me for it?”
I said: “Well first let me get a little information from you sir.” He says: “What kind of information?” I said: “Just your name and number in case we get disconnected.” Then he says: “Well how much will you give me for my property?”
I said: “Well why don’t you tell me a little bit about your property? How many units is it?” He says: “You don’t know anything about my property? You sent me a letter.” I said “I sent out a lot of letters to apartment owners and if they are interested in selling they will call.” He says: “Well I don’t know why you don’t know anything about my property?”
I said “Well I know you have an apartment building in either Montgomery or Chester County sir because that’s our target market.” He says: “I have 3 in Chester County.” I said: “Great! Tell me about the one’s that you’re interested in selling.”
He says: “No, I think you’re just fishing. I’m hanging up.” Click.
Soooo that didn’t go so well, but I think he was just a whacky type of owner. I’m sure we’ve all talking to those types before. But I was thrilled that we got our first call. That’s promising, eh?
Kathy and I have emailed several commercial brokers and we’re trying to see if any of them will meet with us this weekend to feel them out and to see which one we feel the most comfortable with and which one would be willing to work with us newbies.
I’m super excited and there’s a whole lot more research that apparently goes into buying these apartment buildings properly. Some of these commercial brokerage sites though are a wealth of information with research. I could spend all day on them just reading their research.
Anyway, I gotta hit the hay as I’m getting my wisdom teeth taking out tomorrow (I wonder where I’ll get my wisdom from now?)
Wish me luck!
P.S. Kathy surprised me when she got home from the airport today. She had a Movado bag for me (ya know the fancy watches?) I loveeee those watches. They are my fav. So I look in the bag and there are 2 watches wrapped up. She took my 2 Movado watches in 2 weeks ago to have batteries put in them ($41 a battery!) I was like “OMG, I just called the Movado store yesterday to find out how much it would cost to replace both of my batteries!” (And I’m not kidding either…I figured I was going to “dress the part” while meeting with brokers and apartment owners. Ya know the whole “fake it til ya make it” thang??
Anyway….ain’t my baby a sweetheart? I tell you…..I can’t tell you enough wonderful things about her. Well I could, but you’d probably get sick of it and puke. 🙂
You know I’ve been doing a lot of thinking lately and a lot of reading and just a lot of wondering too. And I’ve figured out what FREEDOM means to me and I’ll share that with you but first I want to publicly thank 2 people. Both I’m sure have no idea that I’m thanking them here. 🙂
First and foremost is Steph, we all know her as Tampa Steph from Flip This Wholesaler. Her and I had a little email back and forth a few days ago and she answered a question of mine openly and honestly and it actually made me think and made me admit things out loud and it also made me realize that I definitely need to do something to make this a reality NOW.
Reading Steph’s response I realized, well actually I already knew this before but didn’t share it too much and didn’t really think I had a choice either, that I don’t enjoy wholesaling as much as I enjoy my internet adventures. Like working on this blog (odd that it’s about flipping and wholesaling, huh? Actually, if you read the majority of the posts….it’s NOT!,) working on my Gay Marriage website, working on my Our Gay Lives blog, working on my BBW Dating site and working on my BBW Life blog.
I really enjoy doing all of those things and I honestly wish I could dedicate more of my time to them everyday, especially the gay marriage site because that is something that I’m very passionate about and something that definitely needs to change in this world.
I also enjoy getting the small revenue that I get from getting paid ads on my gay marriage site, adsense from all of my sites and memberships from my dating site. I’m not making huge money, but it’s nice to make some change when you don’t expect it and for doing something that you enjoy (and in most instances for doing something that is helping other people.) Obviously, if I had more time I could work on improving that income, but I don’t right now because I gotta figure out how to pay the bills *sigh*
Then on to thinking how I really enjoy and get excited about receiving my passive income from my rental property (I have a tenant that is an angel…pays be early every month. He’ll make 2 payments in a month for the next months rent payment.) And I really enjoy receiving passive income from my atm’s. That is super exciting.
When I talk about my atm’s and my rental property and my internet adventures I really don’t have anything that I don’t enjoy about those things. I mean grant it, I hate to have to evict someone, etc. but that’s once in a blue moon, it’s not a constant thing. I actually enjoy going to business owners and trying to talk them into letting me put an atm in their place. I actually enjoy visiting places in the world and taking pictures and videos and then bringing it back and adding it to my Gay Marriage site.
So what I realized from my brief back and forth with Steph is that I want to solely concentrate on accumulating passive income streams from this point forward. I don’t want to concentrate on active income activities like wholesaling or short sales or anything that requires me to be involved a great deal.
Remember I had started a direct mail campaign for apartment buildings? I’m going to go with that full force. Because that has the ability to be a huge passive income stream (definitely property management company material, don’t ya think?) I’m going to be looking at buildings with 50+ units primarily. I have spotted some with less that may be interesting, but my goal really is to first acquire a 50+ unit building.
Kathy is included in this goal for me PERSONALLY, because I’m tired (as is she) of her traveling for work all of the time and being away from home. It sucks. I mean once in a while no biggie, but constantly…it sucks. (Note: I love real estate investing…just not in the active income sense. Which is why I’m looking for passive income opportunities that apartment buildings can bring me. I sure hope this makes sense to SOMEONE out there!)
I mean I actually want to spend time with her and enjoy her company and do the things we want to do in life and plan how we can get there. That’s what you do when you love someone and want to be with them forever, right? You don’t want them to be away every week working so you don’t have to be near them? (Hey, maybe some people prefer that, but not I lol) And the key is I want to do all of this stuff NOW, while we’re young. Why in the hell should any person or any couple have to wait until they are retired to “enjoy life” with one another. And go on vacations and do this and do that without worrying about a boss and this and that.
Mike made a post recently about taking massive action and the massive action thing isn’t really what got me as I know that taking massive action gets results as I’ve seen first hand what massive action leads to but more importantly in that post Mike said this:
“I once chased the money….now I’m in relentless pursuit of my dream life….money is just the resource used to create my life….it’s the “why’s” which truly motivate a person to action….not dollar signs….”
Now have I heard that kind of thing before? Absolutely. But for some reason today I think I was actually ready to hear it and actually RECEIVE the message, if you know what I mean?
I’ve always been stressed about money (well not always, but for the most part.) I have to make x amount of money to pay this, I have to make money for this. I tell Kathy “no we can’t go to Hibatchi’s and bowling because we can’t afford it, we’re trying to get out of debt.” Money has always been the thing that I’m working towards, but oddly enough, the money I earn has never REALLY been truly for me and my life yet? (Some of it has been i.e. rental property, atm’s, etc. but the MAJORITY is what I’m talking about here.) That money has been for other people/businesses, etc. But never for me and my life and my family. Odd huh?
Now don’t get me wrong, I am NOT saying money is not important. It’s very important in life. Try paying your mortgage with a love note 🙂 But what I got from MikePA today is that I’ve been totally going about this whole money thing wrong. So I thought about the why’s that he talks about and the very first why that popped into my head was Kathy and her traveling all of the time for work.
That is a major WHY in my life right now. I want to enjoy my partner and spend quality time with my partner NOW, not when we’re 60, 70, or 80 yrs. old. Now!
So when I got a shower today I figured out what Freedom meant to me and this is what I came up with (I’m sure it’s still a work in progress tho, so bare with me please:)
F– fly anywhere (week long vacations, weekend get aways, family vacations, travel is unlimited)
R– really concentrate on things that I’m interested in and passionate about like gay rights, my gay marriage site, my other online endeavours and teaching children a different way in regards to money and life (I know, I know that I’m still working on it myself, but I’m way ahead of most of the children in the world!)
E– eat anything or anywhere (buy organic, no more worrying about price tag, eat out at any restaurant whenever we choose too. No more “we can’t go there because we’re in debt.” No more dollar menu items, etc.)
E– enlighten family and friends and especially the children in my life (Andrew, Joe and Brandon) that “yes, there is a different way and look we are doing it!”
D– debt-free living (no more worries about bills. Btw, here I’m not including mortgages for rental properties and apartment complexes, etc.)
O– opportunities open and are endless. (when everything is in line in your life and you actually have the ability to SEE, amazing opportunities in all aspects of your life will come your way.)
M– more time with family and friends to spend it and enjoy it how we like.
One more thing that I liked from MikePA’s blog-
“â€¦Life is meant to be lived, not simply enduredâ€¦.â€
So I read Mikes post on FH.com and I read these 3 blog posts of his and for some reason today was the day it clicked. Mike, if you’re reading this though, Thanks first of all and second of all……how about that list of books that you recommend?
My FREEDOM scenario above are just some of the things that are going to start my path on how I am going to design MY life. Because after all “It’s My Life!” and I have the personal responsibility to design it the way I want it!
What is YOUR idea of freedom and the design for YOUR life?
And one more time for Steph and Mike….here’s a big
In closing…..check out “It’s My Life” by Bon Jovi.
So I created our direct mail campaign for our multi-unit mission. I am going through 2 counties in our area and taking ALL apartment building with 4 or more units. I’m only using settlement dates from 1/1/1900 (it’s just the earliest date I could put in lol) to 12/31/1990. I figure these folks have owned their property a while, they may want to get rid of it now because of depreciation purposes (I think you can only take depreciation for 27 yrs., right?)
I got a total of 344 names. We figure it will cost about $151 a month plus change to mail to all of these folks. Of course, Kathy and I are splitting it. That’s one good thing about her doing this with me…..she shares in the expenses 🙂 Another great thing is she pushes me through my fears. Which I generally do that myself too, but it goes much faster when your partner is there to do it for ya too!
We got all of the letters printed out and signed (we just have my name and number on them because I’ll be fielding all of the calls as she’ll be on the road for work.) Now we just gotta stuff ’em, stamp ’em and mail ’em. I’m trying to see who I can pay to do that that has nice hand-writing.
I’m off to bed now, but I wanted to leave you with a lil video montage from Larry Winget. I don’t know if you remember, but I recently read 2 books by him and I saw him speak in Las Vegas not that long ago. He says some reallllly good kick ass things that I’m sure all of us KNOW, but it’s good to hear ’em again from time to time. I love when he talks about that fact that we need to take personal responsibility and I like his concept for dealing with change. It’s only 6 minutes long…check it out.
P.S. I have the book that Step from Flip This Wholesaler is reading for her monthly club on order from my library. I’m sooo late and not going to be done in time with everyone else, but it sounds like a great read so I’m still gonna do it!
I hope everyone had an awesome holiday and I hope you will have a safe and exciting New Years Eve. Kathy and I will be hanging out with friends for dinner if the weather cooperates for New Years Eve, otherwise we will be attending our neighbors party (Becky and Jeff, our rent-a-husband!)
Anyway, I’ve been sooooo out of it since we got back from Cali. Total slacker, but I want/need/and will stop it. I’ve been doing lil stuff here and there, but enough of that…BIG ACTION is coming up, because BIG ACTION always gets us BIG RESULTS!
Kathy and I seriously want our first multi-unit (4 unit or more) by March 1st, 2010. Tomorrow we are starting our direct marketing campaign. I put all of our 5 letter campaigns into my computer today, plus 2 speciality letters. I also got a list of all 4 unit and more owners in our county. I think we’ll start there for now. Then expand out when we need to. I’m psyched about this….and scared at the same time. I was telling Kathy about it this evening, but then again I’ve been scared about mobile homes before and I did them and I’ve been scared about getting into single family homes and I did them and I’ve been scared about rehabbing and I’ve did them and I’ve been scared about subject 2’s and I’ve did them and I’ve been scared about wholesaling and I’ve did them…..so I guess it’s ok to be scared as long as I keep doing shit! Ya know?
I’m telling you, for any of you that have never played Robert Kiyosaki’s Cashflow game, I really recommend it. I mean I’ve had an interest in multi’s and mobile home parks before but never like I did after playing that game earlier this month. I mean it’s like the brightest light bulb ever went on that night. It was the “don’t worry about getting out of debt first, just start to accumulate passive income and assets and get out of debt while doing so” light bulb just smacked me straight up in the face. And I’m glad it did….because you know what? It may have taken me a hell of a long time to start doing what Kathy and I are getting geared up to do.
Now that’s on the real estate front…on the ATM front, well I have to follow up with 3 pizza shops, 2 hotels and I did follow up with the other strip club tonite. When I called the guy was so nice and said he was just thinking about us yesterday and we talked about our holidays and he said he couldn’t talk too much now because he was on the road and he said he wants to call us before the end of the week to talk about things because his current ATM contract is up then too. We got our fingers crossed but I’m hoping he signs up with us. That will be 2 strip clubs! And that right there folks, is an ATM goldmine. We offered the guy a pretty damn good profit sharing thang if he signed up with us. Our only obstacle was what if he takes our plan and asks his current guy to match it? Soooo that’s why in my follow up thank you letter to him I didn’t really talk about that too much 🙂 I talked about our charming personalities and how I’m sure we’re wayyyy cuter (mostly Kathy lol) to look at than the guy he’s currently doing business with. Actually, I think I’d be all of my money on the fact that he’d prefer to look at Kathy then his current guy. So, we shall wait and see what happens in a couple of days.
Well I’m off to bed. This is the first night in a longggg time where Kathy and I are actually home alone. Joe is with his Dad and Brandon is spending the night at a friends house. It’s actually really nice. And quiet! (I know some of you make think that sounds mean, but ya know what? I’ve never had kids, never wanted kids, never lived with kids and as you know, when you suddenly have kids in your life your whole entire world CHANGES. Trust me, it’s still a process to get use to for ALL of us, I’m sure. So I don’t mean to come off mean in regards to the kids, it’s just that I was use to living by myself for a long time and just having girlfriends who may have had kids, but didn’t live with me. Whole new ball game when they live with you.)