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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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Commercial Real Estate Brokers Direct Marketing Campaign Finding Apartment Buildings Multi-Units/Apartment Buildings Private Lenders

Our Quest to Buy Apartment Buildings



On our quest to Buy Apartment Buildings you know that we started a direct mail campaign. Well we sent out 278 letters and up to and including today we got 6 calls in response to our letters. Of course not all of the calls are going to help us buy apartment buildings lol but hey at least they are opening the envelopes, reading the letters and picking up the phone! Right? We got a response rate over 2% thus far.

Of the 6 responses here is the breakdown on our quest to buy apartment buildings: 2 whacko’s who well were whacky and didn’t want to sell.

1 guy who was super duper nice and said for the right price he’d sell. 1 lady who asked to be taken off our list cuz her father died 3 years ago and she doesn’t want to sell.

1 guy who left a message today who was super duper nice and said he hadn’t thought about selling but if the price is right he would consider selling both of his properties and he asked me to call him back.

And 1 more whack-job who called me yesterday and I actually picked up and he said….(Scott, wait til you hear this one! lol) So he said: “Hi my name is blah blah blah, you sent me a letter saying you want to buy my property.” I said “yes, I did sir. Do you have a property to sell?” He said “well, do you know anything about my property?” I said “well I’d need you to tell me about your property if you are ready to sell it, however, is it ok if I call you back in a little while as I’m getting ready to go into the oral surgeon’s for a follow up after getting my wisdom teeth out?” He said “Sure you can call me back.” I said “Ok can I have your phone number?” He said “nope.” I said “uhhh well what’s your property address?” He said “I’m not gonna tell you.” lol I said “ok well if you won’t give me your number or tell me your property address how am I suppose to call you back?” He said “send me another letter like you did this one.” I said “ok sir, I will send you another letter.” He said “ok thanks.”




Excuse my language but what the fuck is going on with these people? lmao I just want to buy apartment buildings. I think it’s pretty clear. If you want to sell, call me. If you don’t want to sell, then don’t call me. It’s not that hard is it?

So I got Kathy a lil more involved with this whole let’s buy apartment building thang. Mostly because we didn’t have much choice cuz I literally couldn’t speak properly and I needed her to make call backs to folks that called after getting our letters. She was nervous and did not want to do it. Ya know? Like most of us who haven’t done something before and have a fear of it. But ya know what, she sucked it up and she did it. She called 2 people back and they were nice to her. 1 didn’t want to sell (why he called, I have no idea) and 1 guy was super duper nice and we’re going to check out his property when Kathy gets back from Virginia.

Now here’s the deal with the super duper nice guy. We aren’t so much interested in his 1 property (7 units) but he has another property that we want to get details on and Kathy talked to him for almost an hour and a half and built a pretty good rapport and she said she thinks that he has $$$$$$$$$$$$$$$$$$$. So we were thinking that if we could get in good with him that he may be an awesome private money prospect. 🙂 So we’re gonna meet him.

We went and looked at a 19 pad mobile home park yesterday. Without having the exact figures I think it’s definitely over priced. But I always ask for the actual expenses and income info because I want to practice actually “evaluating the numbers” so I can make buying an apartment building much easier.

Monday or Tuesday we’ll be meeting with a commercial broker and thanks to ChrisBuysApartments who commented on Scott’s Struggling Investor post about my blog here, I got some awesome insight as to what to say to this broker and more brokers.

Oh and a thank you to Scott from Struggling Investor for listing me as one of his Top 5 Up and Coming Investor blogs to watch out for. I appreciate that Scott and I promise, I’ll be giving you reason soon to make it worth you putting me up there!

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