Small Market, Newbie:
Where I'm from most sellers are not what you'd call flexible, some rents are mid others low. I've made several calls, researched the paper, want ads, anything I could find. I have no money at all to put down and that seems to be keeping me from getting even close to a deal. I don't know enough about loans and financing to be as creative as my potential. I just want to get my first property under my belt this year, that's my goal. I got a program and I understand a good bit of it, but applying it to an actual deal is still a bit shaky. Any suggestions? Also, I need to get rid of some of my fear of risk, especially in this business, but I can't seem to shake it. I have adjusted my thoughts to be more positive for the most part, just some doubt still looms over me. I'm also not good over the phone, I sound like the script I'm reading
I've been practicing and have been fine, but as soon as I'm talking to a real person, I start stuttering. This is probably normal for a newbie being shy. Can anyone share details of their first deal so I can know what to expect as well as what type of deal situation to look for, in general. Thanks so much.
krissimazon,
Glad to meet you.
You are experiencing the 3 N's "Nervous Newbie Nerves", pretty common, however there is a remedy.
From what you are describing my recommendation would take a class at you local community college, not in real estate investing, but an Acting Class, Drama Class or whatever it is called where you are.
You will be amazed how this will help with your composure and confidense when speaking with someone "To be and investor or not to be an investor, that is the question."
I am serious here, if you can get through one of these classes you will then be on your way. Your script will flow over the telephone instead of sounding canned, which I bet it does now.
John $Cash$ Locke
krissimazon,
Another thing you may consider is bird dogging for an investor inorder to learn the ropes and maybe you'll be lucky enough to find an investor that won't mind helping you along in your REI career. Good Luck.
Dave
[addsig]
Don't let shyness stop you from helping those people out and realizing your REI dreams.
I'm one of the most shy people around, but since I've been studying, running situations through my head, and actually going out and meeting sellers (Action cures fear.), it's wore off. Obviously, when you KNOW what you're doing, the confidence will naturally follow.
Just put things in perspective. They're human beings just like you.
These sellers are calling you for a reason, and chances are you know just a bit more about buying & selling houses than they do.
They have the problem, you have the solution(s).
Walk 25% faster, speak up, and smile big.
Hope this helps.
Jason
[addsig]
Thank you guys. I just realized, this is no different thatn getting a new job. I also got so nervous starting a new job, even in the same field. I've grown out of that, so now I feel a lot better having made the connection. Now the trick is to find a local. Thanks again.