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Offers on 2 multi-units and an eviction



Do you remember my last post where I talked about finding a motivated apartment owner by reading the paper at work?

Well I read the paper again and found another gentleman who was willing to hold some financing. Sooo in the past week I’ve looked at 4 multi-unit properties. A duplex, a triplex, a quad and a 6-unit.




Quite frankly I’m not interested in the duplex at all. It just wasn’t in an area that I’d like to invest in. Not a war zone or anything but definitely drug-ville I can see. Now the triplex was ok but it’s a triplex that should be 3 residential units but apparently the boro wouldn’t let him make it 3 residential units and one of the units is for a business. It just doesn’t fit the property…..I guess I could check with the boro to see if they’d change that, but I dunno.

The 4-unit I really liked. Keep in mind that the duplex, triplex and quad were all owned by an Amish gentleman.

amish multi-family unit owner

I gotta tell you that I pulled up to the property and I was looking for his horse and buggy

I mean there wasn’t any transportation near the property and you definitely needed it to get there (of course I was assuming he lived on a farm or something.) I even asked him “how did you get here?” He said his “assistant” lives around the corner and dropped him off.

I gotta tell you folks he was filthy. I mean his hands were nasty….soo dirty. And folks will tell you well it’s because the Amish are hard workers and you know what I’m not going to deny that they are hard workers on the farm, but he definitely is not a hard worker when it comes to his rental properties. They had TONS of deferred maintenance. Don’t get me wrong he was the nicest man….really nice, calm, well-mannered, etc. but when he asked me for a ride to his other properties I kinda didn’t want to give it to him because he smelled reallllly bad. I’m not even kidding. But I gave him a ride.

So I have to do the numbers on his triplex and quad, cuz I’m not interested in the duplex. Then today I looked at a 6 unit. Veryyyy well kept property in an area that is completely new to me (actually so was the Amish dudes properties.) The 6 unit is the guy willing to hold some financing. He claims he has someone else interested in it as well…but as we all know, “being interested” and making and offer and actually going to settlement are 2 different things, right?

I’m going to do the numbers and make him an offer too. Where will we get the money for any of these properties? Hey…maybe a private money lender who wants to earn a decent rate of return on their investment. Ever since I got private money for my last 2 atms (which are doing very well, by the way) I’ve been casually talking to folks about private money.

On to my current rental property….tomorrow I will be posting a Demand for Rent notice on the property and I’m 99.99999% sure I’m evicting this tenant this month. I’m not even going to tell you his excuses because I really didn’t listen as I didn’t care. Don’t get me wrong, I’m a very nice landlord, but I’m very firm as well. And I stick to my guns and start the process when you don’t pay (and especially when you don’t call and give me a heads up as to why you haven’t paid…not that I care to hear your excuse, but it’s just a courtesy thang with me I guess……ya know?)

Anyway, I really like these tenants and apparently the hubby is asking if his dad will bail him out (mind you, the tenant is a grown man, in his late 40’s or early 50’s.) I told him that if his dad or brother bails him out this time that I would be willing to sit down with him and his wife and go over their finances with them and help them come up with a budget. Basically, the guy has a spending problem….he buys crap and then has no money for the bills.

Btw, he called me and said “Thank God I got your message before Maggie.” His wife has no idea what’s going on with their finances…he started whispering to me and said “I gotta go outside, Mags just got home.” Soooo, I told him that he needs to tell his wife what is going on and that she perhaps may even be the better person to handle the finances since he can’t do it…..I said she’s gonna know tomorrow when I put your notice on the door.

Soooo I hope that his dad can bail them out and I hope that they “fix” themselves but I’m fairly confident it’s not going to happen. I was chatting with my father tonite and he said “don’t worry, you won’t have any problem renting that place in this market.” Sooo I hope he’s right because I just did my personal budget with Kathy and paying my rental property mortgage is NOT in the budget lol

More on that in my next post. Btw, my hours are changing at the BMW job. I just asked the General Manager if I could work 9 to 6 on my early days and 10 to 7 on my late days. Reason being is that school started and I need to be here in the morning to get Joe off to school when Kathy is traveling, plus I want to get home at a relatively decent time to go over his homework with him and get him to bed at a decent time. The GM was fine with it.

P.S. I’m doing ok with my diet and exercise routine. Well I don’t want to call it a diet, it’s more of a lifestyle change where I start eating better………and I’m doing better on that aspect moreso than the exercise routine, but it’s cuz I’ve been so tired from working my tail off (work work and then atm’s.) This week will be better hopefully.

P.P.S. And yes, I’ve been losing weight. hehehehe

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Finding Apartment Buildings Free/Low Cost Marketing Methods Multi-Units/Apartment Buildings Networking Property Managers

Why You Should Network with Property Managers



apartment property managers

When you’re looking for multi-family properties to buy just like when you’re looking for single family houses to buy or sell it’s super important to network.

You may remember when I went to the Greater Philadelphia Apartment Associations Trade Show a few months back. While there I met a super nice lady who actually hires folks for property management companies. I advised her that I’m looking for a property management company to work with and that I’m actually not a property manager looking for more employees.




This lady, Valerie, took my card and advised me that she knows a perfect property manager to work with and that she’d tell her about me. I thanked her. The next day I got an email from Valerie saying she gave my contact information to Mary and I also received an email from Mary, the property manager.

Now on to why you should network with property managers:

1) They know the areas. They know and understand which areas most folks are buying in, which area most folks are avoiding and which areas are up and coming. (Think this type of information is valuable?)

2) They know rental values in the area. They know which areas the rents are raising, which area the rents are being lowered, which areas rents are stabilized, etc. (Do you think you’d like to know this type of data when getting into multi-units and perhaps when getting into a new market?)

3) They have good contacts. They know great brokers to work with, they know great attorneys to work with, they know great contractors, and the list goes on and on. They KNOW people that can be important to your business!

4) They know costs. They know how much typical expenses will run for particular types of properties. (More information that would be helpful?)

5) They may send you deals. This is the reason I decided to write this post. I spoke to Mary in great length after receiving her email and we spoke a few times. After building some rapport with Mary I asked her to please let me know if any of her clients are looking to sell or if she hears of anyone that’s looking to sell. She said no problem. Then lo and behold just last week Mary send me an email telling me that this particular property is for sale and that she thought she’d send it to me to take a look at it! How about that folks? Now grant it, that property may not be a great deal, but that’s not the point. The point is Mary thought of me and sent me the information about an apartment building for sale. So if she did it once, don’t you think she’ll do it again the next time she hears of a place for sale? I certainly do. That is huge! I immediately emailed Mary and thanked her. Perhaps I should send her a lil thank you as well……what you think? I think that would be a good idea.

Can you see why one of the key people that you should definitely be networking with are property managers? They could be one of the most useful contacts you make in a day.

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Networking on Memorial Day



Networking can happen on holidays too. Right? If you didn’t network this memorial day weekend, did you miss out on excellent networking opportunities?

I networked yesterday and I didn’t even plan on it! Yesterday, Kathy and I were invited out boating with poker friends. We thought it would just be us and our poker friends, but turns out our poker friends brought some of their other friends. So a bunch of new people we didn’t know.

We had a lot of good potential people to network with, obviously, I didn’t know this when I first met them. After talking to folks or hearing folks talk it turns out we had in our presence:

* a real estate agent who sells million dollar properties
* a director of operations for a big medical equipment company
* a homicide detective
* a couple who own their own lucrative business

and other folks. Can you see some opportunity above? I did. So I started my networking. I spoke with the real estate agent the most. I talked to him about multi-family investing and partnering. He was interested! His significant other is the Dir. of Operations for the medical equipment company…..so I’m thinking that these 2 gentlemen have some money for investing. And they already own sfh rentals, so they understand the basics.




The couple who own the lucrative business are our poker friends from Arizona. I spoke to our one friend about it and she said she would be interested and then her partner overheard us and asked me what we were talking about. So I told her and she said “yes, they’d be interested in something like that definitely.” 🙂

Now as far as the homicide detective…well I don’t know how much they really make? But I do know that she’s got a pretty nice house right on the water (we threw out the anchor out back of her house to swim) and she’s got a boat and a lot of doo-dads, if you will. I haven’t talked to her about investing with us, but I’m thinking if we could get a great deal going with either of the gentlemen or ladies above that she’d express some interest as long as she has some money to invest.

So the next time you have a holiday weekend or are spending time with some friends you haven’t seen in a while, don’t forget to take the opportunity to NETWORK. Because you never know who you will meet.

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70% occupied property plus many more



Been looking at several properties this week. We’re definitely trying to make things happen. Kathy and I even had a talk about the types of deals and investors for those deals that we want to target.

So far this week we looked at 2-30 unit properties, 1-36 unit property and I looked at a a duplex, triplex and 4 unit the other day and a 4 unit (possibly 5) property today. I just scheduled a Saturday appointment for a duplex. Normally, we might not be interested in the duplex but I spoke to the lady on the phone before and she just faxed in the fax back form. On the form she gave a price and then said “or best offer” (I love hearing that) and wrote real big: Need to Sell!

After talking to her again and asking why she needs to really sell it’s actually kinda sad. This is the part of investing that I think sometimes may be a bit more difficult for chicks rather than guys. Ya know we get those emotion things involved. I mean I’m not saying that affects my buying decision but I’m definitely super sympathetic and empathetic. Anyway, she lived in a house that had mold issues for sooo long, TOXIC MOLD issues and 1 of her cats and 1 of her dogs ended up dying because of it and now she’s super sick because of it. So she has to move (and no, she doesn’t live in that house anymore and no, that’s not the house she’s trying to sell!)

The properties I seen today were very nice. The nice rental units I have EVER seen….EVER. There are 4 units now (single family house, a duplex, plus 1/2 a duplex.) Plus, the husband wants to make the other 1/2 duplex into an apartment. So it’ll be 5 units total and they want $750k for 4 or $790k if the 5th apartment is done first. Uhhh no. We offered 900k on a 30 unit! (and eventually, I think they’ll go for it, because that’s what it’s worth…) But the sellers I absolutely adored….older couple who just want to retire (home improvement/roofing biz) but they are a lil unreasonable right now.

I’m pretty sure we’ll draw up an LOI for the 36 unit we saw the other day and I’m seriously trying to figure out how on earth we could purchase a 120 unit property that is 70% occupied. I think it’s got HUGE upside……but I’m still trying to get my head around figuring things out that aren’t the “norm” yet.

Things are chugging along….I told Kathy that I don’t think properties are the problem and that we need to concentrate on finding private money more. We decided that for the smaller deals we’re going to seek out debt investors to just lend the entire loan amount and for the bigger deals we’ll use equity investors and just take a percentage of the deal. Equity investors just doesn’t make sense for these smaller deals…..financially speaking for us, anyway.

I finished a free report on Investing in Emerging Markets last night and today or tomorrow I’ll finish our Investor Brochure for folks that are potentially interested in investing in commercial real estate deals.




OHHHHH I almost forgot, I went to poker last Thursday (finished in 4th and more than doubled my money) but more importantly I know one guy in particular has some dough (and some real estate) so I started chatting it up with him and asked him about his properties (he’s trying to get rid of them all, they are shells in not the best parts of philly) and he said he never wanted to be a landlord. So I took that as my key to talk to him about becoming an equity partner with us. He asked in what areas we were looking and how many units are we talking. I answered him and he said “I’ll give you my email address before I leave tonite. Send me some more information. I mean not specifics or anything, but general information. I have some interest.” 🙂

That’s why I put my ass in high gear to get this investor brochure together. The next step is to set up a meeting with him and his wife (I guess he’d want her involved…I dunno??)

So far, my monthly poker tournaments have found me 1 private lender and potentially 1 more. There’s another guy that comes sometimes that I’ll definitely hit up….but haven’t seen him in a bit. I know he’s got bucks too!

Ok off to finish my brochure now. Oh and if you are reading this and you’ve done any deals with 100+ units that had 70% occupancy or around there, please email me. I’d love to talk to ya!

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A lot happening – networking is king – a job, maybe?



I have a lot happening lately, which is good, of course, but unfortunately I haven’t closed on an apartment building deal yet. Patience I know…and I have found out they may take a wee bit longer then your typical single family deal.

I’m being a tad bit impatient though because I really don’t want to have to get a j-o-b! Know what I mean? I will though if I have to…I mean if it’s necessary to help take care of my family while I do the apartment thing on the side then it’s ok. That’s not the worse position to be in (it may seem like it because I’m not your “normal” type of job person…..but it would only be temporary.)

You might say “well why don’t you wholesale while working on apartments?” And I’d say that’s a fine idea, but realistically to be successful at wholesaling you’re busting your ass and networking and marketing and doing all of the things that I honestly, want to spend my time doing with apartment buildings.

Sometimes I have that conversation with my self and it makes sense and other times it doesn’t. But the big key is, just because you have a deal under contract when wholesaling does NOT mean you’re necessarily going to bring money in (deal could fall through for a number of reasons, etc.) And if that happens, well that doesn’t do the whole family bank account much good 🙂

Trust me, I am not dissing wholesaling in any way shape or form. I made some decent money as a wholesaler but I also remember that to make that decent money I worked my ass off. Not that I’m afraid to work my ass off anymore but I want it to be focused on apartment buildings. The goal: to accumulate enough apartment buildings that throw off enough passive income for me to live off of and for Kathy to live off of and quit her full-time gig (Remember my F R E E D O M post? That’s what it’s all about. ) Passive income does not happen from wholesaling.




So my idea was to get a silly j-o-b that I would just go and do my time (like a prison sentence, right? lol) and have normal set hours so therefore I could manage all of my apartment buildings activities around those set hours. And at least I’ll get a lil bit of money coming in regardless (that is probably until my ass gets fired lol because I spend too much time on real estate hehehe)

If anyone sees a flaw in my thinking please let me know. My debt, folks, is really pissing me off and really determining all of the moves I make. I don’t know if you remember, but I “borrowed” enough money to live off of for 3 months in hopes that we’d get an apartment deal by then……..well I’m tired of paying nearly the minimum on my debt and I’m tired of being broke all of the time. I know a j-o-b is not my end goal, but I think I may be considering it a stepping stone to at least allow me to put a crap-load more money towards paying off my debt while I work towards my passive income goals.

Btw, yes the atm’s are kicking it, even the new one….but still, doesn’t throw off quite enough for me to live off of completely yet.

That’s the bad news, but now for the good news. I’ve been a networking fool lately. At toastmasters, whenever I meet folks and definitely at that tradeshow I went to last week. I think I may have found myself a new private money lender at the tradeshow (we’ll see,) I found an awesome contact who referred me to a property manager and the property manager was fantabulous and she referred me to 2 commercial brokers and told me she’d keep me informed of any properties that she hears coming on the market.

A lady at karate last week saw my WE BUY HOUSES lettering on the back of my car and asked for my card. She called me last night. We spoke. They owe more than their house is worth….I told her I could probably make her an offer and do a shortsale but she’d walk away with nada. She understood and said she’d talk to me in the future when they saved enough money to move out. In the meantime, she tells me about a 12 unit apartment complex near us that she’d like to move back into because the rent was dirt cheap. She tells me that the landlord tried to sell the complex before but the deal fell through. The owner since moved into a retirement community. Of course, I talked to her about that complex and she said she’d get the info for the owner (since her mom still rents from her) and give it to me so I can call her, plus she’d pass my info along to the owner as well. Fingers crossed!

Toastmasters meeting tonite again and I’m bringing Kathy with me aka dragging her kicking and screaming with me! Afterwards, we’re going to drive by 2 properties; a 6 unit and a 12 unit that aren’t far from there. If we have some interest in the neighborhood, which I’m sure we will, we’ll make appointments with the brokers and put in LOI’s.

Friday, we have a 3:30pm appointment at Starbucks with a broker I met at the tradeshow. He knows of a 45 unit property that will be coming on the market sometime soon in our area. And I know, I don’t drink coffee…lol but I like Starbucks’ banana nut bread and their strawberry banana smoothies. Yum.

Saturday, I still have to confirm, but may be seeing a 4 unit property. Monday have an appointment to see a 2 unit property. These are all smaller than I’m really interested, but I don’t think it hurts to practice. These gave from my mailings.

Just got another fax back form from my mailings of a lady that has a 10 unit. We’ve been playing phone tag tho. Sent out 255 pieces, 9 came back undeliverable and we got 5 responses so far; 3 by phone and 2 by fax back form. Just over 2% response rate. Not as good as the last piece we did.

Tomorrow we are going to a Chamber of Commerce mixer to see what we can make happen. It’s $10 for non-members. We still don’t know which chamber to join yet. So we’re just going to the free events and any of the cheaper events for non-members.

And today, I’m going to have Kathy call our next potential private money lenders to set up a lunch appointment with them tomorrow or Friday (those were the folks who were excited to do real estate deals with us but went on vacation.)

Soooo things are definitely moving along, but I don’t foresee an apartment deal by next month, so that’s why I mention the j-o-b thang.

Over and out for now.

P.S. If you haven’t check it out yet, do me a favor and check out my shorter private money pitch and tell me what ya think!

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Private Money Pitch – Short

Ok so you remember the longer private money pitch that you saw on video, right? Well this is my shorter private money pitch. And I know the video says I’ll be using it tomorrow at the convention, but I actually recorded that video a few days ago….so I used the pitch all day yesterday at the convention.

I think I even shortened it and went into detail if folks asked questions. At first, I have to admit that it was a little intimidating being in a huge convention center with soooo many people and not knowing how to approach folks or what to say, etc. Because of course, I just wanted the opportunity to try my pitch. After a while I started to get the hang of it and felt more comfortable talking to folks. After a bit I would randomly sit down next to folks just to ask what they do for a living lol

I got 1 guy who told me he thinks he’d be interested and to definitely email him. Another couple seemed interested but they didn’t have any contact info, so I gave them my biz card (probably never hear from them.) About 1 or 2 other folks seemed like they may know folks that may be interested. I got biz cards and I put EVERYONE into an excel spreadsheet today, along with some notes on the back of their biz cards. I’m going to stay in touch with everyone, but definitely with the potential private money folks.

Met a couple of new mortgage brokers and commercial real estate brokers. Had a free lunch, free dinner and an open bar (I don’t drink so I just had 2 sodas.) Also attended a free seminar on financing in today’s market. All in all it was a pretty good day.

So….what are your thoughts on this private money pitch vs. the longer private money pitch?

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Networking, Toastmasters, Private Money & Offers



Attending Dave Lindahl’s Private Money/Syndication Bootcamp has really made me realize how super important networking is. It was actually one of the speakers there that really made it sink in. His name is Joel Brough. I first was introduced to Joel at round table discussions that Dave had. Joel was speaking about Property Management. He gave some awesome information about how to network with property management companies to get information from them and to then get information from other folks.

Joel then came up on the last day of the Bootcamp to talk about networking (grant it, he was trying to sell some software that apparently he and Dave created) but the reality was a lot of stuff he was saying made sense. A lot of times we network with folks at perhaps REIA meetings or seminars and bootcamps and we collect tons of business cards but we don’t stay in touch with folks. Sometimes we may not even make contact again after getting their initial business card. Well that was wasted networking efforts. Why put the time in to get the business cards if you aren’t going to take advantage of them?

Anyway, he says not to go to these events with business cards. He says “it’s not about you! It’s about them!” He says to have your “elevator speech” ready to give to folks but don’t hand them a business card, just get there business card. Then come home and put them in your database and stay in constant contact with them, etc. Obviously he went into more detail but you get the gist of it, I’m sure. I really liked Joel.

So now I’m totally excited to network. Dave and others gave us great ideas and examples for our elevator speeches and I’ve been practicing mine since Friday night. I’m ready to use it on everyone. And who knows…perhaps I’ll get a bunch of
private money commitments!




I am going to a my first ever Toastmasters meeting next week. Not because I am afraid to speak in public, cuz I’m not, but I’m sure I can learn some great techniques there, but I’m going because it’s a networking opportunity and this particular chapter meets at a country club hehehe so hopefully there is money there that I can eventually tap in to.

Kathy and I will begin to meet with a few folks that we know for a fact have money and have even spoke to us about either investing with us in regards to the money angle or investing with us in regards to buying properties (this guy we’re going to try to convert to a private money lender tho.) Plus, after I get my speech and presentation really down good….I’m going to meet with a high school friend’s father who I know has money and I know knows lots of folks with money.

As far as offers go, we still just have that one out there and after re-doing the numbers…as long as we use equity investors and not debt investors, I think our initial offer of $900k to $925k is good! (I thought I screwed something up with the numbers and was suppose to offer $750k to 800k!)

Kathy is meeting with a commercial broker in Odessa, Texas today and I also set up a meeting for her to meet a woman at the Economic Development Committee. She’s there for work so I figured I’d put her to work for us too! The Odessa/Midland area is an emerging market that we’re targeting for now.

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ATM Placement – New Chinese place? New Strip Club? New Cash Only business?



ATM Placement is very critical to your ATM business. Well that is if you want to grow your passive income with ATM’s. We currently have an ATM that we bought because it was on sale just sitting in a warehouse waiting for us to find a place for it. (Note: I recommend not buying an ATM until you have it placed. I don’t care how good of a deal it is. Ask me how I know?)

Anywho, we’ve been slacking with ATM Placement for this 5th machine. Don’t ask me why? Because it’s costing us money. Yeah, it is. $15 a month (for the wireless modem.) We’ve had the machine since I believe November. Mhm. I know. You can yell at me if you’d like….I’m a big girl….I can take it. So that’s $75 it’s cost us to have this machine so far. Actually it’s more than that because the modem peeps just lowered their pricing. I’d say closer to $100 and that doesn’t include purchase cost.

I’ve contacted places here and there but nothing all that fascinating and my follow up was lacking. I did follow up relentlessly with another strip club tho (I wonder why? $7 surcharges maybe? lol) Anyway, he’s not interested I don’t think.

Now the other day when I went door knocking to find apartment buildings for sale, remember? Well the only reason I went door knocking for apartment buildings was because I was waiting until the lunch traffic rush was over so I could talk to some chinese restaurants to see about placing our ATM there.




That day I hit up only 3 restaurants (2 chinese places and a 24 hour diner.) We have a chinese place already……..the chinese place that we have is our highest in transaction volume every month (last month it did 277 hits.) Our strip club is our highest in dollars made every month because of the high surcharge (last month they had 53 hits….at $7 a pop.) The chinese place we have currently we partnered with someone so we only get 50 percent of those profits. Strip club we get 100%.

So when I walked into the first chinese place the lady there seemed reallllly interested. I explained how everything worked and we even picked out a spot for the ATM machine in their location. This chinese place was just recently voted Best Chinese Food in the tri-county by the local paper. I was speaking to the manager and she told me to call her Thursday after she talks to the owners but she said “we’ll probably do it though.” (I was doing the happy dance inside by the way, but I was able to compose myself in front of her.)

The other chinese place the owners/manager wasn’t there when I went. The 24/7 diner he was into it and said he already interviewed other ATM people. I’ll follow up with him but we’re more interested in the chinese place. I spoke to the chinese place manager yesterday and she said “Yes, they are doing it.” Hehehe so today Kathy and I will go and sign the contract with them and we’ll set up an installation time with them next week. Rock on.

Now we went to our strip club to fill it yesterday and got to talking to the owner, who is an absolute sweetheart. He told us about his new manager and how he has all kinds of connections. (and from the conversation I gathered he has money and so do his connections. Can you say private money lender?) Anyway, we were talking about this one strip club we want to get into and he said “oh he knows people there. He knows the managers and the owner. I’ll get him to get you face time in there so you can talk with them at least.” We are excited about that cuz they blew me off over the phone. Soooo that’s some good news. Oh and last night we had to go back there to fix a problem with the machine. I told them to unplug it and that should do it….sure enough by the time we got there it had fixed itself lol But we got free drinks from it and 2 free strip club shirts lmao

Oh and the reason we’re so excited about this new manager and his connections is because just with this one strip club that he’s going to try to get us face time with the manager or the owner….well this strip club is one of the best, top-notch strip clubs around. Classy doesn’t really feel ummm right when talking about a strip club, but for lack of a better word it is a very classy, high class, $$$$ expensive strip club…which Perfect girls (I been there twice when I was younger lol I know, I know….I was taken there by some guy friends for my birthday and I forget why the 2nd time.) But anyway, it would be an awesome place to get in to is my point.

And today, Kathy was out trying to get us some business. I’m so proud of her. I’m usually the one going into businesses and talking to folks but today she found a cash only deli by accident and started talking to them about an ATM. She quick ran home and printed out brochures and a business card for them and took it back. When she got back the husband and wife business owner were both there and they said they’d be interest they just want to read over the information (btw, we don’t have a machine for them, we’ll have to buy one lol but we know a guy who is selling a used machine for $800. It’s only 2 yrs. old. So we’d be cool with that.)

We’re working on the apartment building business and we’re going to have a strategy session today (thanks Shae) and then I’ll post about what’s going on with that.

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Received 1st Response to Direct Mail Campaign



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. 🙂

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Categories
Educational Seminars Kids Networking Passive Income Random Ramblings Vacation Adventures

T. Harv Eker – Passive Income Opportunity Seminar


Well the passive income seminar was pretty cool. A lot of opportunities there and definitely great networking was going on. I may have gotten a new partner or 2 for the ATM biz.

On the first day Harv spoke for a pretty good portion of the day. He was funny. I enjoyed him a lot. I learned a lot of things and will be definitely implementing some changes in a lot of ways.

Kathy and I bought an apartment course (we’re such suckers sometimes lol) Actually, we had already been talking about multi-units so it was kind of timely and Dave Lindahl actually offers your money back on the course if you buy a 2 unit or more within that 90 days. Kathy is determined to get our money back and I’m like “well if we buy our first multi-unit and are making decent cashflow then don’t you think he deserves to keep the money?” lol Does anyone know what I mean?

So, since Kathy will be working intently over the next few months and will only be home on the weekends..it’s MY job, apparently, to find our apartment deal. I’m super excited about it.



I know, I know….Scott and others have told me to focus and I know in my heart focus is the key, but I’m really psyched about multi-units. I really am. I really want the passive income to exceed my expensive and then I will be at least FREE. After I’m free I can work on becoming rich. Does that make sense to anyone?

Btw, the first day as Mama C (as Kathy calls me lol) went well. I filled 3 of our atm’s by myself (well Brandon helped me with the chinese place,) I went food shopping for the kids and I (damn boys eat a lot!) and while I was gone the 2 of them only called me 4 times (2 each.) Ya know to tell me what the other one was doing to them 🙂 And let’s see it only took me like 15 minutes to wake Joe up out of bed…he was late to school. I had to forge Kathy’s name on his report card and Brandon and I had a talk about money.

This month, he’s -$482 but I overheard him talking on the phone about getting his girlfriend a jacket. I had a chat with him after that and it turns out the jacket is like 60 bucks! I try to explain to him that if he doesn’t get a handle on this now that it will only get worse and he will end up like most of the people out in the world and that he should not want to be like most people.

The poor kid gets stressed out but he just doesn’t let shit sink into that lil noggin of his too much. He is a good kid tho…..while I was grocery shopping he made dinner for us all. I just wish he’d get the whole money thing down. I’m taking him to my bank tomorrow to open up 2 bank accounts (one checking for bills and one account for him to PAY HIMSELF FIRST!)

Anyway, I’m exhausted…gotta hit the hay. I did no real estate today except I did accept 2 bpo’s in my area. I wish I didn’t now, I didn’t realize they were from a different company and it’s more work than I normally am willing to do for them grrrrrrrr

Flippin’ Carey

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