We've switched gears and focused on finalizing funding to close on these deals. We had a buyer who really wants to the Sunrise property, but his financing source won't close on a property that needs roof work done. Oh well! We've even had realtors calling us trying to show the Sunrise house to their clients too so I really think we can get a retail sale out of that one with VERY little work...just fix the roof and call it a day.
We also have a potential private money lender who is one of my husband's clients. She is reviewing our proposal and wants to have her adviser take a look at it too and will get back to us. Speaking of private money...we've secured a couple mentors (Patrick Riddle and Trevor Mauch) to help us out with these efforts...its a bigger deal now since conventional financing is harder and hard money lenders are very expensive. Plus with the market tanking, people are looking for other ways to generate returns on their money. Anyways, one of our mentors (Patrick) is an expert who has raised $6M in private money for his real estate deals over the past 5 years...and he started when he was a college student! We'll be sure to track our adventures in these efforts as well.
Our free mentoring with The Freedom Equation is over now...it was a pretty good experience. The coach we worked with was definitely knowledgeable, supportive, and responsive. I think mentoring in this business (or any business for that matter) is essential and we're going to continue to seek out mentorship whenever we can.
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3 comments:
Shae,
It's always a thrill to read your updates. I'm living vicariously!! Keep doing your thing!
I'm glad to hear that the mentoring experience was positive. Keep us posted, and continued success!
Shae,
Just wanted to say that I'm here for you. Please send me your questions as the mentoring program unfolds and keep in mind, the only thing that matters is the action you take based on what we teach.
Tomorrow nights class is going to be loaded with content to get you from where you're at today to sitting down in a formal appointment with a private investor prospect.
Hope you enjoy!
Hi Pat,
Thanks for stopping by my blog! I will definitely be contacting you with questions as we go forward. I am actually making updates to the presentation as we speak and will be practicing the script. I want to do make my first official appointment the first week of December.
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