Posted by green on May 07, 2002 at 22:31:56:
.
Saving $$ for next Convention…Need suggestion - Posted by Green, TX
Posted by Green, TX on May 07, 2002 at 21:29:21:
Hi,
I was so tight with money that I had to skip this yr’s convention. But am not letting it slip again.
I have create fund for next convention. BUY BORROW OR STEAL…I intend to make it…
I am just wondering what kind of expense am I looking at. including all costs-Convention,travel and lodging.
Do I have to pay again to attend to individual seminars by great people/experts.
Just a rough estimate would do.
Happy Investing guys
Home-made tools can make $ - Posted by Ronald * Starr(in No CA)
Posted by Ronald * Starr(in No CA) on May 08, 2002 at 16:39:20:
Green–(TX)-----------------
Good for you, planning ahead and saving. That is type of thing that successful people do. If it is a bit of a struggle for you, then accomplishing that goal will be another proof that you the type of person who can succeed in real estate investing.
Meanwhile, study what you can and work toward making some deals happen for yourself.
Here is a quote from Ron Starr: “An imperfect, home-made tool diligently applied with watchfulness will produce more than a perfectly-made tool sitting on the hardware store shelf.” So, if you can cobble together some investment program on your own, and you put in effort, you may make some money in the coming months. You don’t need to have somebody else’s course, perfect though it may be, to make money.
For instance, you might study up on delinquent property tax sales in TX. Especially concentrating on the “struck off” properties. These are the properties which were not purchased by bidders at the tax auction, but were struck off to the taxing entity conducting the foreclosure. These properties sit on the books of the taxing entities, just waiting for a potential buyer to make a purchase offer.
YOU could be that buyer. Some of the properties might be bought for a few hundred dollars. If you have selected carefully, the properties could be worth much more than you paid and you could resell them, perhaps for handsome profits.
Just don’t rush in without study. You want to be sure that the properties you buy have value. And you will want to check them out carefully. Learn the values for similar properties in the area in which you comptemplate buying. Talk to real estate professionals about what sells well and what does not, what the public is buying these days in the area. You’ll want to check for zoning, potential for use, no hazardous dumps on the properties, suitability for well, septic, etc. It is not easy buying vacant land, but it can be done if you educate yourself.
Good Investing******Ron Starr
Re: Saving $$ for next Convention…suggestion - Posted by Kristine-CA
Posted by Kristine-CA on May 07, 2002 at 22:11:34:
Hello. I traveled on a cheap ticket from LA, shared a room with 2 other women (but with one other person it is still plenty cheap and you can put four people in a room if you can arrange it). There was free shuttle to the hotel, the breakfasts were free and plentiful. There were inexpensive sandwiches available at lunchtime and a free Saturday dinner. I think I spent a total $750 for the entire thing, not including a course I bought. I wasn’t able to attend any of the Thursday seminars because I couldn’t get into Atlanta early enough, but I think they were $89 each? I think those are worth it by the way, from everything I heard from those I met that had attended.
About saving money for the convention: I took the challenge posted by HR (Section-8 Hal) at the beginning of the year to complete a flip in time to pay for the convention. I got a check for assigning my contract on the day in February, just in time to pay and buy a cheap ticket.
And let me tell you, if I can flip a property, anyone can.
The convention was totally worthwhile and would have been worth twice the price, just to meet creative business people. I was fascinated by the many amazing and creative things people have done in their lives in addition to real estate.
Hope this helps. Sincerely, Kristine