So, have you seen any glittery crap lately that tickles your fancy ?

Out of State Deals

Have I bought deals out of state ? Yes.  Matter of fact, it’s been at least 5 different states (I’ve only lived in PA, other than my Basic and Infantry Training at Ft. Benning, GA).  Anyway, it cracks me up to hear about all of the automated out of state deal courses and softwares out there.  Can you buy homes out of state ?  Yeah!  Do I recommend that approach for newer investors?  No way.  Walk before you run.

Better Yet

This new software will even negotiate your deal for you, find them deals, make the offer, provide the cash, and all you need to do is enter your routing number and account number into the system, and it’ll even direct deposit the money into your account. Man…it’s great that this software is available on the open market.  Can you imagine all the millionaires it can make ??? 

OK, Enough Sarcasm

Success in real estate investing really only happens 1 way.  Education and Action.  You need to learn how to do it, and then you need to do it.  Sometimes, you need to spend money on both parts to make it happen.  I see lots of folks spend thousands on education, feel that they are good…and then fail.  They haven’t appropriately prepared themselves for the action part.  This is difficult for many people.

You need to learn how to creatively structure deals, how to discount liens and judgments, how to quickly evalutes REO repairs, etc.  It doesn’t happen JUST from courses, though they are important.  You really need to implement what you learn.

Over the next few months, I’m going to delve into some important aspects of many different types of investing.  You will not need to buy any software.  You can do the deals in your own back yard.  You can collect actual checks from your tenants, buyers, and or title companies and start working your way toward your exit from the rat race. 

Topics will revolve around my experiences with a lot of techniques.  Other folks have different experiences, and that’s great.  It allows all of us to shape our own destinies and paths.

Until Tomorrow, Your Friend and Mentor,

Brandon Yeager

Filed under: Beginner

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