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Thoughts to Ponder regarding [b]Capital[/b] - http://www.dealmakerscafe.com Forums

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dealmaker
Moderator

"Thoughts to Ponder regarding [b]Capital[/b]" , Fri 20 Oct 11:49:

Capital

The most misunderstood mental block in real estate. Capital is NOT needed as Lynn and Jackie has proposed.

I will even state that Capital is NOT needed at ALL if you have one thing instead of Capital.

This one thing will allow you to have all the deals you want.
This one thing is FREE!!
This one thing is something everyone CAN have!!
This one thing is something you could have tomorrow!!
This one thing allows you to become the MOST creative dealmaker!!
This one thing is a replacement for all the capital in the world!

If a Real Estate INVESTOR ONLY used Capital to do deals, then ran out of Capital, they would be out of business!!

Unless they learned how to get this ONE THING..

This one thing will always allow you to do deals in ANY Market!!

This one thing is Courage!!

You can have Capital or Courage! It only takes one or the other to become a dealmaker. If you are fortunate enough to have Capital, learn NOT to use it and become more couragous!!

Do you have enough Courage??

If you have enough courage, capital doesn't matter.

What questions do YOU have about Capital or Courage??

Dealmaker

[this message was edited by Dealmaker on Fri 20 Oct 11:51]

Replies:

dealmaker
Moderator

"Not only applied to RE.." , Fri 20 Oct 20:53

This is NOT only applied to Real Estate. In ANY business, if you have courage you do not need capital.

If you have the courage to seek investors, you don't need capital.

If you have the courage to partner with someone that owns the house and you do the labor to fix it up, you don't need capital.

If you have to courage to ASK for _______________________________, you don't need a capital.

If you have the courage to "sell" before you "buy", you don't need capital.

If you have a COURAGE, you don't need capital.

This principle is applied over all aspects of ANY business enviroment and it runs true.

Think about this a little deeper than the surface.

For example, I had a LOT of courage 6.5 years ago when I started a business. I had no capital but I was brave. I sold that business in Feb. 1999 and that business continues beat revenues of the previous quarter every year. I had courage..

This principle can be applied anywhere.

Think on it....

Dealmaker

Jackie

"Re(1):The other ingredient for success...." , Sat 21 Oct 23:04:

Attitude

By Charles Swindell

The longer I live, the more I realize the impact of attitude on life. Attitude to me, is more important than facts. It is more important than the past, than education, than money, than circumstance, than failures, than successes, than what other people think or say or do.

It is more important than appearance, giftedness, or skill. It will make or break a company..a church...a home.

The remarkable thing is we have a choice every day regarding the attitude we will embrace for that day!

We cannot change our past...we cannot change the fact that people will act in a certain way. We cannot change the inevitable. The only think we can do is play on the one string we have, and that is our attitude.

I am convinced that life is 10% what happens to me and 90% how I react to it. And so it is with you... we are in charge of our attitudes.
* * * *
So, get rid of that fear and doubt with a new attitude that YOU CAN DO IT! Remember the POWER of Positive Thinking!

An amazing thing happens when I let my attitude be in control, A positive attitude that is.

I had an open house today. I could of had the attitude that I "hope " I sell that house.

But my attitude was "I'm GOING to sell that house today"

And you know what, I had SEVEN applicants during the 2 hour open house (5 were in the first 45 minutes). Two have $7,000 for an option consideration, one has $6,000 and the rest have $5,000 -- this is for a $95,000 house.

Try it sometime - it really works!

Jackie

[this message was edited by Jackie on Sun 22 Oct 12:26]

Terry (Houston)

"Re(1):Thoughts to Ponder regarding [b]Capital" , Fri 20 Oct 19:12

My courage is going BROKE!

I know you do not need money or alot of it anyway. If I didn't have Jackie telling me that the products, like post cards and information to find houses were too high I would even be broker.

I have now placed ads in several sources, am going to send out post cards, getting signs put out,getting signs for the truck, paying for the contractors taxes and other holding costs on the rehab I do have,and making phone calls out the rear. OK the last one does not cost me anything.

I know it does cost money and I think the fear that a lot of people have is that if they run out of money, without a deal, what do they get besides higher bills?

I see where a newbie could make a mistake a try a deal that is not a deal. The house I just took subject to needs a lot of work. I am paying for the ads on that and will market the heck out of it but with the rehab work that needs to be done it may be slim.

It will not be a seminar because I am covered under the contengencis but it is still a pain if it does not go. I am running the ad that Dealmaker quoted and we will see how that goes.

But the fact is there is still a lot of up front costs that, until you get capital, it makes it tough to bear out.

I will not shut down the buying machine again but I did want to throw in the thoughts.

Terry

Terry (Houston)

Terry (Houston)

"Re(2):Thoughts to Ponder regarding [b]Capital" , Fri 20 Oct 19:14

On the post above I am speaking to the products that I am finding for my ads are too high.
Jackie has been SUPER in telling me where to look for other price points.

Terry (Houston)

Jackie

"Re(1):Thoughts to Ponder regarding [b]Capital" , Fri 20 Oct 13:12

Good Point Matt,

Ron LeGrand says you should do EVERY deal like you are flat broke!

Good Advice!

There's a new article by Joe Kaiser on CREonline that specifically talks about getting the thought of writing checks out of our thought process. Just don't do it.

The one thing I've learned in this business - is the LESS you have other people involved in your deals ( contractors, lenders, mortgage companies, etc...) the easier it gets.

Jackie

Arlie

"Re(2):Thoughts to Ponder regarding [b]Capital" , Sat 21 Oct 14:34

My thoughts on this last post are that I don't want to buy a house that even requires me to drive a nail or buy a 2x4. If anything I may spend a weekend in cutting the grass cleaning out the brush and maybe polishing a few spots to show the potential to the buyer but I don't ever want to swing a hammer or even pay someone to do it. Call me crazy but I think that is how it should be done to save the headaches right?

I am a newbie so bare with me. By the way thanks to Matt for the awesome phone call. If anyone out there is confused about these posts jump in and eventually Matt could very well call you to discuss real estate just because he wants to help you. Honest, he is also a great salesman but will not try to sell you a thing unless you want him to.

Keep Smilin'
http://arlieanderson.homes.com