Follow my journey through Rich Dad Coaching , the ups and downs, on my way to achieve my dreams. The title gives away my dream. In one of Robert Kiyosaki’s books he describes his best friend’s house after he returns home. His description is my ultimate dream house. Hence I’m on the road to Mike’s house.
Wednesday 27 November 2013
Am I the worst blogger ever!!!! I have not got my computer back yet and completely unable to keep on top of things without it. Although no much happening either. The agent on my 17 units has not provided the info the lender needs yet - says he'll do it this week - so nothing moving anywhere. Its soo frustrating. I have now started looking in Memphis also. However, I was on Zillow today and found out that the market is dropping for the 2nd month in a row. Ooh maybe need to sit tight and see what happens over Xmas before making my move anyway. Also from Zillow able to figure out list price to sale price in Ft lauderdale drops 60K!!!
Tuesday 19 November 2013
Hi out there, well still haven't got the computer back and running on this mini one is crazy. I can't load up my webinars, the screens so small to read and type!!!. Watched one last week and it was great - learnt a few new things. Anyway I'm still plodding along. My deal has stalled as the owner/broker has not gotten back to me with the paperwork - interesting. Went to try and do a deal with a store for an ATM today but it was a definite NO NO No no no. Oh well, I did up a proposal and all. Still happy I got off the lounge and DID IT instead of thinking about it. Will try another one.
Wednesday 13 November 2013
Friday 8 November 2013
Wednesday 6 November 2013
I can't believe I last posted on Monday - time flies doesn't it. Sitting tight on the small deals at the moment. An agent in North Carolina gave me some info about being hard not being USA citizen which I expected. And I've researched recent sales in the Concord area and there isnt much. This suggests to me that the market there is really stressed (I had another agent tell me it was), and that people just aren't buying which makes me think they will go down even further. On my big deal I applied to 6 commercial lenders have had one no so far so wait and see there.
Monday 4 November 2013
So much info this weekend. Anyway emailed USA on Monday here and got replies today. Not necessarily what I wanted on the big one but negotiations begin! On my small deal of 70K I could not get positive cash flow so feeling bold after my revelations this weekend asked if open to offers - guess what yes so crunching numbers again on what I WANT to offer and will do that. This is great fun.
Ooh I had more also which I havent sent to my coach. Am looking at 17 unit apartments for 780K and know I really dont have the cash. Anyway after my coaching on Saturday wee were discussing what the sellers needs are. So I was looking at my paperwork and realised the seller had loans of 350K. BING! Offer the seller the 350K and try and get seller financing on the rest. If so I can afford it! Awesome
Just had another revelation (champers helps me think!) It doesnt matter
at what price you buy stock as long as it goes up! I mean if the range
is 5 - 40 and you buy at 10 and sell at 20 you've doubled your money.
So if you buy back in and 20 - ok its more that when you originally
bought but if it doubles again it just the same!!! And you had the use
of the CASH inbetween. WOW I love Robert and his wisdom. Thanks again
Friday 1 November 2013
Work today - but still sitting here learning about different financing options. With the champers of course! Feeling a little frustrated at the slow pace. The whole research at the beginning (which you guys missed because I hadn't started the blog yet) was intense and fast paced and obsessive! it was like I was addicted to the chase to find the DEAL. I still am but still having trouble with the financing. Hence the take a step back and learn some more. It'll all be worth it and I can get back to the addictive and FUN stuff.
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