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Author Topic: Time to give up real estate investing?  (Read 18106 times)

Offline tbodley74

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Time to give up real estate investing?
« on: July 27, 2011, 12:38:07 pm »
As much I want to wholesale, I am in a rut now that looks to ruin my hopes of doing any deals whatsoever. Without means of literally going out to find deals and transact business with buyers and sellers, the hopes of real estate investing is dead. That is how I feel right now because I am unable to travel out and do any kind of business transactions.  Is it safe to say I can go ahead and call it quits?

Offline justin0419

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Re: Time to give up real estate investing?
« Reply #1 on: July 27, 2011, 01:33:31 pm »
Most people quit.  Only you can determine if that's the right thing to do or not.  Are you saying you don't have the financial means or the time to go find deals?  Maybe you just put things on hold for awhile, but it's completely up to you. 
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Offline kingcutlass

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Re: Time to give up real estate investing?
« Reply #2 on: July 27, 2011, 02:34:19 pm »
3 words. 3 feet from gold. excellent read. I was in your shoes not too long ago. My father and uncle are in to real estate and i just couldnt get a deal done to save my life. This went on for a little over a year, I just recently closed on my first wholesale deal for $5000. Success favors those with tenacity.

Offline tbodley74

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Re: Time to give up real estate investing?
« Reply #3 on: July 27, 2011, 03:10:46 pm »
To be honest and I hate to say this, but I don't have my wheels to get me from point a to point b. That's what I mean by I can't literally go out and do any kind of transactions. I can't do any deals if I can't get to the deals somehow someway. Right?
Most people quit.  Only you can determine if that's the right thing to do or not.  Are you saying you don't have the financial means or the time to go find deals?  Maybe you just put things on hold for awhile, but it's completely up to you. 

Offline tbodley74

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Re: Time to give up real estate investing?
« Reply #4 on: July 27, 2011, 03:15:24 pm »
I can't find deals either, which is why I am looking to partner with someone who can. The situation I am in now is that I don't have means of transporting myself around to where the deals are. I could probably find a deal somewhere. I am just in a bad position right now where I can't  get to where the deals are located.
3 words. 3 feet from gold. excellent read. I was in your shoes not too long ago. My father and uncle are in to real estate and i just couldnt get a deal done to save my life. This went on for a little over a year, I just recently closed on my first wholesale deal for $5000. Success favors those with tenacity.

Offline tentalentsinvestor

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Re: Time to give up real estate investing?
« Reply #5 on: July 27, 2011, 03:38:27 pm »
No excuses...where there's a will there's a way. If you have a friend w/ a car, work on deals via Internet, realtors etc. And when it's time to see the property ride w/ a friend or take public transportation. I don't think your making enough offers. I posted bandit signs, put up flyers and generated no leads. Since I started making calls from FSBO signs, Craigs lists and other sites making offers, I've been negotiating deals almost daily. Stay motivated. There's an abundance of opportunity everywhere, but don't give up. Just try a different route. Get out there, network, talk to investors in your neighborhood and just get active the best way you can. And I'm from the hardest market, NYC. Stay hungry!

Offline tbodley74

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Re: Time to give up real estate investing?
« Reply #6 on: July 27, 2011, 03:53:18 pm »
I don't have friends or family I can turn to help me out as far as taking me to hunt for deals.
No excuses...where there's a will there's a way. If you have a friend w/ a car, work on deals via Internet, realtors etc. And when it's time to see the property ride w/ a friend or take public transportation. I don't think your making enough offers. I posted bandit signs, put up flyers and generated no leads. Since I started making calls from FSBO signs, Craigs lists and other sites making offers, I've been negotiating deals almost daily. Stay motivated. There's an abundance of opportunity everywhere, but don't give up. Just try a different route. Get out there, network, talk to investors in your neighborhood and just get active the best way you can. And I'm from the hardest market, NYC. Stay hungry!

Offline Delondon

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Re: Time to give up real estate investing?
« Reply #7 on: July 27, 2011, 09:13:52 pm »
Check this out bro, if you feel that you want to quit, then quit, don't come here expecting people to wipe your tears. Its a doggy dog world, and if you don't have the drive that it takes to take just a little action, I have no clue what to tell you , but I tell you this, there are still going to people coming out of the rut with no wheels. You can do everything from home if you want. You have to have some type of money coming in because if not you would not be on the internet, nor would you have to energy to type because you would be hungry due to lack of food.  :brow

Dust your self off and get back at it. Get a myFax account, last time I checked, it was 10-20 bucks a month. Send out the contracts to the sellers once you have a potential deal. If it is that good, you wont need a car, the buyer would come ot you with a $1000 binder deposit, trust me, its done everyday. So its really up to you. This business is not for everyone, its not meant for everyone to be a bigtime money maker. If it was who would cut my grass, wash my car, or fix my whopper my way. lol.  :banana

Offline chunkoftheearth

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Re: Time to give up real estate investing?
« Reply #8 on: July 27, 2011, 09:19:47 pm »
Tbodley, you need to go freakin' Andre the Giant on this business!

I wonder, did you have a car last year?  If yes, then what is the problem?

Remember, winners do things that losers refuse to do!

If you don't have a car, get a bike! Take a bus!

I'd suggest to mindfeed everyday.  Positive messages.  Read inspirational books on real estate.

There are just TOO MANY people out there who made it from nothing.  Take Oprah for example.  She grew up on a farm in the middle of nowhere!  She was abused as you know and had NOTHING.  I think you know how that turned out.  

So use your pain as motivation to achieve, brother.  Get out there and do some deals, and stop your whining!!! It's giving me a rash.

Hope this helps.
« Last Edit: July 27, 2011, 09:24:57 pm by chunkoftheearth »

Offline Delondon

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Re: Time to give up real estate investing?
« Reply #9 on: July 27, 2011, 09:25:04 pm »
Sombody give this guy a baby wipe or something. lol.  :biggrin  But seriously, you can do it if you really want it. Just cant give up. And I forgot to tell you, you don't have to dominate the who city in a day, but make sure you are doing something to build your business daily.

Offline chunkoftheearth

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Re: Time to give up real estate investing?
« Reply #10 on: July 27, 2011, 09:33:23 pm »
**Chunk hands T a baby wipe**

Check out the Rags To Riches book from Russ Whitney.  It's old, but its good.  Mindfeed and read.  Come to these boards to broaden your skills too.  Because if you only understand wholesaling for example and thats all, you'll cut yourself out of a lot of profit.  So pick up a book and learn more.  Last, I've made this suggestion with others but I think it bears repeating.  In my opinion the absolute best way to learn new real estate deals is by shadowing someone who is already doing it.  Offer to do mundane jobs for them like getting back to phone calls, putting up flyers, whatever.  You will excellerate your learning of different deals, the handling of sellers, negotiations etc MUCH faster.  So you offer your time for free for an investor.  Then, lets say he gets a lease option deal signed up, you offer to market that house for him using his money to do it, then when he finds a tenant/buyer he gives you some cash to find and screen them.  Win-win solution.  You dig?

Offline Delondon

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Re: Time to give up real estate investing?
« Reply #11 on: July 27, 2011, 09:51:53 pm »
Man that is to much work. It may be good for you, but not my cup of tea. lol. Seller and buyer bandit signs are truly the business. Put up about 50 signs. Handwritten, 3 bed 2 bath $19,000 Cash 843-xxx-xxxx. Put out 25 tomarow, and 25 the next day. The higher you get them the better, Put out atleast 70 around you city and you will find a horde of cash buyers. get Google voice number and put a voice over on it. 5 bucks from fiverr.... Google voice is free. Instruct the caller to leave their Name, Phone Number, and email address. It works everytime i tell ya.  :dance Here is a video that helps you set up the whole process:  http://www.youtube.com/watch?v=9fE3LNGWemQ

Once you have them in your google voice inbox, You have them for life. get more homes under contract, and blast the list via, email and text message. Texts message marketing is the business. Good thing about google voice is you dont have to pay for an SMS company to send out text messages. The most you will have to do is copy and paste the text message 100 times if your buyers list has 100 buyers in it. Then since you have gathered their email address, you blast out an email message to them with the click of a button. Tell them how to get in contact with you if they go to the property and are interested.

This way you dont have to speed all your time trying to sift out window shoppers. If they want it, they will have all the details to get it. Just my 2 cents.

Offline tbodley74

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Re: Time to give up real estate investing?
« Reply #12 on: July 27, 2011, 10:33:44 pm »
I had a ride last year and it was not broken down like it is now. Last year I had no interest in real estate investing and was not trying to pursue that. Last year I was looking for regular 9 to 5 careers related to my degree.

Yes I know Oprah's story of a hard life and how she went from rags to riches. She is inspiring.  Bike? Bus? C'mon man you may want to get serious about that. I haven't rode a bus in years and I don't have a bike. Buses where I am from don't run in certain areas and it takes way too long to get where I need to go because they make stops everywhere else but where you need to go. That means sitting at the bus stop for what feels like eternity on a super hot summer day down here where I'm from.

I'll keep in mind winners do what losers won't do. My pain is what got me interested in real estate investing in the first place. Again sorry if it sounds like I am whining. I do want to make it big. I am not use to any other ways to make it  big other than the way I been learning how to make money in the real estate investing business.
Tbodley, you need to go freakin' Andre the Giant on this business!

I wonder, did you have a car last year?  If yes, then what is the problem?

Remember, winners do things that losers refuse to do!

If you don't have a car, get a bike! Take a bus!

I'd suggest to mindfeed everyday.  Positive messages.  Read inspirational books on real estate.

There are just TOO MANY people out there who made it from nothing.  Take Oprah for example.  She grew up on a farm in the middle of nowhere!  She was abused as you know and had NOTHING.  I think you know how that turned out.  

So use your pain as motivation to achieve, brother.  Get out there and do some deals, and stop your whining!!! It's giving me a rash.

Hope this helps.

Offline javipa

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Re: Time to give up real estate investing?
« Reply #13 on: July 28, 2011, 12:27:00 am »
Where is this endless, black hole of dread, impossibility thinking, and woe is me thread leading to...?  Just asking...  :banghead    :banghead    :banghead    :banghead  :flush
"149 Ways (Plus One) To Find Motivated Sellers..!"  -Free Report-
>>> Click: http://sub2marketdomination.com/how-to-find-motivated-sellers-2/

Offline tbodley74

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Re: Time to give up real estate investing?
« Reply #14 on: July 28, 2011, 12:54:42 am »
Yes there are more ways  to profit. I only chose wholesale as a stepping stone because it is supposedly a fast and easy way to make a nice hunk of change. I don't plan to stay with wholesaling forever and ever. It was only meant as a start then move on.
**Chunk hands T a baby wipe**

Check out the Rags To Riches book from Russ Whitney.  It's old, but its good.  Mindfeed and read.  Come to these boards to broaden your skills too.  Because if you only understand wholesaling for example and thats all, you'll cut yourself out of a lot of profit.  So pick up a book and learn more.  Last, I've made this suggestion with others but I think it bears repeating.  In my opinion the absolute best way to learn new real estate deals is by shadowing someone who is already doing it.  Offer to do mundane jobs for them like getting back to phone calls, putting up flyers, whatever.  You will excellerate your learning of different deals, the handling of sellers, negotiations etc MUCH faster.  So you offer your time for free for an investor.  Then, lets say he gets a lease option deal signed up, you offer to market that house for him using his money to do it, then when he finds a tenant/buyer he gives you some cash to find and screen them.  Win-win solution.  You dig?

 




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