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Joint Ventures Makin' Offers Passive Income Random Ramblings Wholesaling

It’s an awesome day!

It’s just beautiful outside and I’m psyched up to get some real estate deals going. No deal yet, but I’ve had some technical difficulties. Since Kathy got laid off she had to send back the printer/scanner/fax that we used for everything so I couldn’t scan in my proof of funds for offers (I got 2 from a high school friend totaling $100k and I got 1 from my uncle totaling $176k.) Soooo kinda hard to make offers without proof of funds.

Anyway, my neighbor hooked me up last nite (and he had technical difficulties too lol but ended up just scanning it for me and putting it on a zip drive for me to take home.) Kathy and I moved one of our worst performing ATM’S (in the month of October the store was probably open for maybe a week?? IF that.) So we moved it to a 24/7 diner and we’re excited about that. We have one other ATM that we need to place somewhere right now.

What else what else? Oh I think Kathy is going to be getting another J-O-B…..since she got laid off she’s had recruiters and other pharmaceutical companies calling her like crazy and even offering her more money. So we talked about it and I told her if she wants to do it and feels more comfortable doing the J-O-B thing with a guaranteed income instead of doing our plan for both being self-employed then I’m all for it, I just ask that she sticks to her budget so she gets out of debt quicker (like we BOTH planned) and therefore can invest in more ATM’s and real estate (we want to buy multi’s together as kind of our retirement and of course as to increase our passive income.) She agreed to stick to the budget.

Oh and believe me when I say how we talked and we agreed or what have you, when we’re talking about a budget and planning money the conversation does not go so smoothly. Kathy is a spender, that’s how she’s lived for a longggg time, that’s how she knows and that’s how I’m sure she’d like to keep doing, but after some tiffs she’s seeing the “light” so to speak but sometimes I have to give her a lil nudge (like yesterday afternoon she wanted to stop somewhere and get something to eat. I reminded her that eating out is not in our budget anymore and we argued for a hot minute, didn’t speak and came home and had lunch and then made an amazing dinner.) I’m sure the only thing about me that she wishes was like her ex-husband has to do with money………all they did was spend, spend, spend…without a care in the world. I’m quite sure tho that she’ll thank me at some point in the future 🙂

I emailed a wholesaler to make sure she was cool with paying each other if we marketed each others deals and sold it, etc. And she was….we just have to still work on the split end of things….she was like “it depends.” I’m more of a “let’s quit the bullshit and say it’s a 50/50 split or whatever.” Know what I mean?

I also emailed another investor/realtor/wholesaler that I know and proposed the 50/50 split for selling each others deals and he said “yes, I’m interested in that arrangement.” He even sent me a form that he uses for his joint venture deals.

I got more bandit signs in finally. Ordered 200- 100 horizontal fluting and 100 vertical fluting with of course 100 H-wire stakes. I’m gonna start putting these bad boys out today. These are the smaller sized ones, so I’ll see how they go. I think they will stay up longer on the poles being this size.

Okey dokey pokeys I’m off to look at houses (for sale,) houses that sold (for cash,) and then back home to make some offers. I’m feeling really good about everything. Oh yeah….I even sold a Rainbow Wednesday nite so will probably make an easy $500 to $700 off of that (remember that’s what I been doing for the past year when I took a hiatus from real estate.)

I’m going to be posting soon a few couple goals/lists that I think are extremely helpful and I’m going to share mine with everyone here in hopes that you do your own at home (you don’t need to post them here, you can keep them private.) But I think they are beneficial.

Flippin’ Carey

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Real Estate Investing Real Estate Marketing Wholesaling

Oopsie…

Well I was rockin and rollin putting my signs out this evening and I found the perfect spot to slap one of my signs on and BAM…..I ran out of staples 🙂 So I only got 12 signs out tonite……dummy….I should have more staples in my care…..next time I’ll know better.

As much as I can’t stand putting up bandit signs I must say that it is good to be back! I’ve missed real estate…….I’m ready to make some cash now. Initially I wanted to get my first deal by the end of this month and that still would be awesome and I’m still gonna work hard til the end of this month but I really would feel comfortable if I could get a deal by the end of next month.

Well I’m off to re-fill my stapler and then off to bed. Oh do you guys know about that sign stapler? Brandon and Joe (Kathy’s 17 yr. old and 9 yr. old) bought it for me for either xmas one year or my birthday…and omg I love it. That’s how I’m hanging up my signs until I get more (remember, I only have horizontal fluting type signs left, so no wire stakes for me.) Just banging ’em up on poles with the sign stapler. If ya are still using wooden stakes or using ladders or what have you to put up your signs….well this lil sign stapler will safe you much time and many headaches. I think it’s only like $99 or you could go to Lowe’s or Home Depot and put your own together for way cheaper. But it’s a must have for folks putting out bandit signs, in my opinion.

Okey dokey pokeys I’m out like trout. Nitey nite.

Flippin’ Carey

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Finding REO Deals Listed Properties Real Estate Agents Real Estate Marketing

Bandit Signs

So I’ve been doing pretty well with writing down a few goals to do a day and actually getting them done. Seriously, I recommend you try that instead of a long laundry list of things to do. You’ll be amazed at how easy it is to accomplish the most important, effective items.

Anyway, now it’s time for me to put out bandit signs. I’ve been putting out 10 a nite, but I think I’m gonna go put out 20. I ran out of signs that have the vertical fluting in ’em so I’m just putting ones out to hang on poles, etc.

Btw, this is not my favorite thing to do but I have to tell you, it’s one of the ways that I’ve made the most money in real estate. Ya know I think they 20% of the things you do will make you 80% of your money or something like that lol anyway I figured out that the only things that have made me money in real estate have been bandit signs, vinyl lettering on the back of my car and deals from the mls so that’s where I’m focusing most of my time and energy.

I did check out the sold properties in the past month or so that were sold for cash. Got 13…sooo I’ll check them out probably tomorrow or the weekend. Who says people ain’t buying properties? Pffft!

Had a friend from high school tell me that she’d let me use her bank statements to submit offers….waiting for updated copies from her (still haven’t heard back from my uncle….I’ll have to call him again.)

But also, I have 2 guys that I’m going to set up meetings with that I think could be VERY good possibilities to be private lenders. 1 is the father of another girl that I went to high school with and 1 is a guy that Kathy sold a Rainbow to (that’s what we sell as independent distributors on the side.) He’s a friend of her brothers and he already asked us about investing in real estate cuz he has money so I just gotta get my spiel together and come at him from the private lender aspect.

I wanted to say one more thing but I completely forget what it was…..damn it, I hate that. Ohhhh I did check out a house today cuz I got a call from one of my bandit signs the other day. It was a mobile home on a rented lot but I figured I’d check it out just to get in practice again of meeting with sellers, etc. The place is listed but I may tell the guy I’d be interested in a 30 day option??? Can’t hurt, I mean he’s leaving the end of this month no matter what.

Ohhhh I do remember what I wanted to say….I’m switching real estate offices. I gotta figure out how to do shit in the right order but I’m moving from Keller Williams to a very small, local company near my house. Reason being…well the fees are wayyyy less, I mean BIG TIME…and he’s got a lot of investor connections, reo connections and private money connections….plus he told me that he’d give me all of the addresses of the bpo’s that his wife does every month (about 20 to 30 per week) so that I can see if I can do a deal with folks while they are still in pre-foreclosure.

Soooo I’m working on all of this at the same time with trying to pump my business back up. I figured he was the right step for me in going in the investing direction and for me right now, if I wanted to go in the real estate agent direction then Keller Williams would have remained the best step. Btw, not that there is anything wrong with KW….I think they are a wonderful company and they are very investor friendly and I can’t complain one bit about their profit sharing lol (I get a check every month no matter what and I will continue to since I’ve been with the company more than 3 years….6 to be exact.)

Anyway…..exciting things happening.

Flippin’ Carey

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Listed Properties Makin' Offers Passive Income Real Estate Agents Real Estate Investing Real Estate Marketing Vacation Adventures Wholesaling

Gettin’ ready to head to Vegas baby!

Ok so I did check out houses the other day and I have the houses set aside that I want to make offers on. Every house that I could actually get INTO I’m going to make an offer on. Some houses I couldn’t get into, one house went under agreement about an hour before I wanted to see it, and 2 houses had tenants living in it and wasn’t an reo yet, so I wasn’t quite that interested in getting into those house, plus they needed notice.

All in all I was suppose to see 9 houses I believe and only got to see about 4 or 5, but I think they were 4 or 5 decent places and I’ll make offers on them all. Problem is….Kathy and I are getting ready to leave for Vegas for a week on Saturday so we’ve been busy getting ready for that. Soooo, I’m gonna just have to force myself to do it this evening I guess….but it may be REALLLLY late cuz we’re heading to an ATM that we own that is in a Gentlemen’s Club (if you can ever get your atm inside a gentlemen’s club my advice is to JUMP ON IT! Our surcharge for that atm is $7 🙂 So we’re heading there tonite to actually take cash out of that atm and put it into an ATM that we have at a cash only chinese place for when we go on vacation. The chinese place goes through roughly 2k a week……so we gotta stock it with cash since we won’t be here to fill it.

Anywho, I also just accepted a BPO offer…why? I have no friggin’ idea…..I should have just took the address and started marketing to the lady in case she’s goin’ into foreclosure. But I’ll do the bpo….maybe it’s one of my small ways of getting back into the swing of real estate shit. Ya know?

Oh and that short sale deal that I was working on for a listing I have….the friggin’ buyers backed out again! This is why the real estate agent gig I feel is a sucky full-time thang. Buyers are soooo damn annoying! They don’t want to not receive their $8k tax credit from the government. Oh wait….here’s the funny part, they wanted an answer from the bank whether they were going to accept the short sale or not in 8 days! But when you counted only business days….it gave the bank 6 days to respond lol

Needless to say, they back out of the deal when I told them it would take roughly 37 days from beginning to end for the banks answer (Wells Fargo sent me a time table for their short sales.) So annoying….

Ok I’m off to shower as I’m stinkin’ and sweaty from workin’ out…….off to make something happen! I have put 0 bandit signs out, which I need to do because they are by far my biggest money maker…..no questions about it.

Flippin’ Carey

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Real Estate Marketing

Real estate letters, postcards and bandit signs

16 letters going out today…not Eileen’s yet….ones that I’ve used in the past. I want to try Eileen’s but I don’t have my laptop (let Kathy borrow it as her computer went and got sick on her) so I couldn’t open her letters with my desktop as I don’t have the right software on here. I just texted Kathy to ask her to copy and paste the letters into word for me and I should have them shortly, but I didn’t want to STOP doing something to wait….so I printed out my 16 letters. Oh and this letters..it’s the 3rd contact I’ll have with these people….(from the foreclosure filings in the courthouse.)

Also, I have 11 new postcards going out. I’m sure my list isn’t the best, I just get the forelcosure filings from the county courthouse, but I saw that the credit bureau 30, 60, and 90 day late lists are kinda pricey and I just don’t have that dough right now.

Actually, when I use to send out letters from the courthouse filing, my response rate wasn’t all that horrible….but I took the cheaper route with postcards….unfortunately I think it may be costing me, because their response rate is dismal! But ummm I got a bunch left still…..maybe after I’m done with them I’ll stick to letters….I dunno.

It rained reallll good here last night so I think I’m gonna get some signs together and after I visit with my father, stepmother and 2 stepsiblings tonight that I’ll go out put up at least 10 signs. Oh funny thing…I was driving down the road to go somewhere the other day and I looked up on this grassy patch where I usually put my signs and I haven’t seen my signs stood up there for a while…..well I look near the metal barrier? guard rail? or whatever it is called…and there are like 3 of my signs just laying down flat there. lol I dunno who took ’em down, because I’d imagine if it was the township they would just chuck ’em…maybe it was people cutting the grass or something? Anyhoo, I’ll just go stick ’em back up.

I know some people don’t advocate bandit signs, but I have to tell you, I dont’ LOVE putting them out, but they are hands down the best thing that I use to get my phone ringing…..next to them is my website……although with my website my phone doesn’t ring, but my email box does. 🙂

Oh I almost forgot…I want to start working again on getting my website up there in the top of the search engines lists. It was funny a lil while ago Chris(PA) called me and he says “How did you get ahead of me in the google search?” I don’t know if you all know this but Chris is a techy guy and very computer and internet savvy…so I got a chuckle out of it….I answered him honestly and said “I dunno…because honestly I was just having a chat with myself about how I need to work on my search engine optimization because I haven’t been doing it lately.” lol I think I’m gonna check out the search engines now and see where I rank. And if it’s better then Chris, I’m gonna tease him….(just kidding…I don’t want him FIXING his site to beat mine lmao)

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Random Ramblings Real Estate Marketing

More bandit signs, lying seller and xmas.

So friday night Kathy went out with me and we put up 10 bandit signs after we did a lil xmas shopping. It felt good to get out there and put some signs up again.

I did get a call friday afternoon from a guy who saw one of my signs somewhere before but ummm honestly I couldn’t understand a word he was saying to me. He asked “do you have a bad connection? you can’t hear me?” And I said “no I can’t hear you…must be my connection I’ll call you back.” But the truth of the matter was he had such a THICK, HEAVY spanish accent that I couldn’t understand any word that he was saying. I don’t know how I’m going to communicate with him, seriously.

I spoke to the Shillington people and told them that I couldn’t do a deal with them. They were the folks with the 20k they owed to bankruptcy, etc. The way the guy explained things to me it just didn’t make sense….I told him that if he’d like I’d be more than happy to talk to his bk attorney, but right now I don’t think anything is going to pan out. He said “but we agreed on $197k for my house?” Btw, the house is worth about 199k…so I’m sure ya’ll can guess that I agreed to NO SUCH THING lol Anyway, I told him that I would have never agreed to that price, I’d be out of business quick if I did, I told him I agreed to potentially do a shortsale with his 2nd, etc. Anyway…bottomline is I think he’s pissed at me now…but I really didn’t want to waste time on that deal…..It would have just frustrated me and thanks Cory for helping me to really see that I shouldn’t waste my time with that deal either.

So I bought Kathy a pair of pink camouflage pants tonight lol don’t ask….but she’s been wanting the stupid things forever..I swear she is like the hardest person to buy for…it’s cuz she gives ZERO clues throughout the year (well except for the silly pink camouflage pants lol) We had a small budget for each other this year…$250…..and I spent most of it on a white gold and tanzanite necklace (hmmm I hope she doesn’t know about this darn blog.) Anyway, I think neck year we aren’t gonna really do the xmas gift exchange thing…instead we’re gonna save our money for weekend getaways and vacations, etc. A friend of ours and her husband do that and we thought it was a great idea!

Anyway…off to bed and then wrapping some presents in the morning and then heading to a family xmas function tomorrow evening

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Random Ramblings Real Estate Marketing

Postcards, bandit signs and Christmas, oh my!

Alrighty moving right along. Sent out 43 postcards yesterday. Sending another 40 today and I’ll be putting out 10 bandit signs tonight (haven’t done them in FOREVERRRRRR.) But I’ll be putting them out up the significant others way tho..she’s on my butt to get a house up there…..she thinks sub2 would be a good way to go lol hey…at least she listens to my real estate ramblings sometimes and knows what the heck a sub2 is right? lol

I’m wondering Eileen….what kind of letter are you sending out? My postcards usually get the same dismal 1% return rate, but that ain’t helping me make any money. Grrrrr (NOTE: Eileen is from the flippinghomes.com community.)

Oxford people told me that I have to meet with the wife after xmas to get things notarized. Unless I email the stuff to him last night before he left for texas. I had a reminder in my phone but was in the midst of xmas shopping and well needless to say I remembered at 1am that I had to friggin email him! Duh!

Xmas shopping is almost complete…but I think I’m declaring xmas officially a CHILDREN’S HOLIDAY FROM NOW ON AND THAT IS IT!!! I’m wondering if anyone else has the same problems as I have getting stuff for like let’s say your aunts family or grandparents or whatever. And it’s always like for instancce you give them a $25 gift card for whatever and they give you a $25 gift card for whatever…umm why not we both just say Merry Christmas and just keep our own 25 bucks???? Seriously. I know you’re probably thinking that’s not what Christmas is all about yada yada but to me NOT getting presents and just spending the time with your family and loved ones is more important!

I’d rather just do the gift exchange with Kathy, my parents and my siblings and that’s it. Plus, of course Andrew (ummmm I spent a lot of money on him this year and I know his 2 moms are gonna be mad at me…cuz they told me not to spend too much. But oh well, he only will ever have his 1st Christmas…once!) And you know I don’t have any problem giving gifts to a good cause; you know like maybe a child in the hospital or even maybe spending time with an older person who has no one come to visit them….that I’d even like to do. But this whole $25 never-ending back and forth gift card thing has got to end. Can you tell I didn’t have any fun shopping yesterday except when it was for Andrew?

Ok I’m done with my Holiday rant. Gonna go put my bandit signs together and then head to lil Andrews house…I’m on a mission…….I have to find a pic of Donna, my best friend, and her mom on her computer and a good one of Benny, her cat that just passed away……Kathy and I are making her a present from them. Donna’s mom passed away this past June and her kitty cat that she’s had FOREVER did as well recently. So she’s been pretty upset during this holiday season as you can imagine.

Off to hopefully do something productive to make me some money.

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