Ron Legrand's New Short Sale Course
Has anyone listened to this course ? I am looking into buying it. I have previously bought both Ron's Cashflow series(36 CD's) and Carleton Sheets, and thought both were okay.
Carleton offers more creative techniques, but he generilizes them. Legrand provided much more details.
-Bart
bartmailinator,
Glad to meet you.
Which one of the courses has brought you the greatest amount of deals, this should answer your question as to whether or not you should spend more money.
John $Cash$ Locke
Actually, none has provided any results yet, only education.
I am new to CRI and have been listening to the courses I bought, but haven't finished everything yet.
Perhaps I am getting Paralysis/Analysis, but the more I learn, the more questions I have.
-Bart
perhaps try to pick 1 or 2 things, focus on them and learn.
I have not found book or CDs to be of much value as there typically is some "trick" to the method or market dynamics.
I was reading a 10 top things to fixup kinda book.
They said they could do a WHOLE kitchen brand new for $2100... That is VERY tight unless it's a tiny kitchen here in N. CA.
Bart;
Just be patient and keep your eyes open for a good deal. It took us 10 months to find our first deal but it WAS a deal - $130K house for $70K. Most new investors do a deal just for the sake of doing a deal - not necessarily a good deal. I've even seen some old pro's do this - they are addicted to the deals and not mindful of the spread and risk factors.
I used to coach stock traders before I got into real estate and saw the same same thing - making bad deals for the sake of doing a deal. Be patient and diligent.
C- :-o
Thanks for the good advice cpifer
Thanks for the advice on just trying to pick 1 or 2 things. Actually, I am currently renting, and for my first deal, I was thinking of trying to get a foreclosure for myself. I have seen a few in my neighbourhood in the "LIS?" stage from internet listings, however I'm not sure how to approach the owners.
I think it would be better to talk to them face-to-face, but don't really know how to present myself to them.
-Bart
Let me help you with that Bart:
Approach the owner saying something like: Are you interested "saving" your home from foreclosure?
Go the long way around and try and solve his problem instead of trying to meet your own needs. This is a very disarming technique that I use EVERY day but also brings me upwards of 14 or more transactions a month.
If the owner indicates that he/she/them just want out from under the rock - make an offer and God bless you.
If they want to save their home - help them do so by assisting them in working out a deal with their lender. If you need help with that, this forum provides many answers if youy ask the right questions.
C- :-o
Quote:
On 2004-05-24 09:31, cpifer wrote:
Just be patient and keep your eyes open for a good deal. It took us 10 months to find our first deal but it WAS a deal - $130K house for $70K. Most new investors do a deal just for the sake of doing a deal - not necessarily a good deal. I've even seen some old pro's do this - they are addicted to the deals and not mindful of the spread and risk factors.
I used to coach stock traders before I got into real estate and saw the same same thing - making bad deals for the sake of doing a deal. Be patient and diligent.
C- :-o
WOW! Thanks for sharing the "10 month" story. I have yet to close on my first deal in spite of working VERY hard for several months. I feel like this is my only option, that I HAVE to make this work and eventually my time and money invested will pay off. It is just getting frustrating to not see any results for so long. Your "10 month" story has given me a shot in the arm.
Lydia
Hi Lydia,
I can add to that. I started actively looking last July, made several offers along the way and am closing this Friday on my first-yeah! This definitely gives me confidence. I would say to get out and meet with homeowners, practice negotiating skills, and make offers. Keep at it and you will do fine.
Cpifer - Interesting idea helping the homeowner work out a plan with the bank. Do you charge a fee for this? or if it doesn't work out with the bank, you then offer to purchase?...just curious on your strategies. Thanks for sharing!