So… You want to make a TON OF MONEY by NEXT FRIDAY by investing in the Fort Wayne real estate market???

July 24, 2010

This actually happened to me lately. Johnny isn’t his real name and I honestly don’t know if he likes Snuggies or not, but the conversation following my ridiculous story is a true one.  Hope you get a chuckle out of it like I did.  🙂

No matter how hard he tried, Johnny couldn’t sleep last night. He tossed and turned for hours before deciding to head to the fridge, grab some ice cream and turn on the old boob tube.  There isn’t much on tv at 2:00 am so he started clicking through infomercial after infomercial.

“Okay… if I buy a Snuggie and cut the sleeves off of it (so I can still look bad ass) it might work right?  Naah…”  CLICK

“Hmm…  this looks interesting.  This thing SUCKS and CUTS at the same time?  Still wish they were in production.”  CLICK

“Who the hell is this guy and why is he yelling at me??”  CLICK

“Hmm…  they could have used a giant one of these to soak up all that oil.  Sham Wow… Sham no”  CLICK

“Holy CRAP what the HELL is that thing???  I need to turn this before my wife walks in!”  CLICK

“Okay, this looks interesting.  Make a million dollars in real estate investing by next Friday.  All I have to do is give them my credit card and they will share their secrets and within weeks I will be joining them on the beach sharing my success story?  Wow!  I am ordering this book and cd set RIGHT NOW!!!  I also need to call that Realtor I saw in the bed race at Three Rivers Festival the other night.  I bet he can help me!”

Johnny got his cds, his books, and all the “secrets” to making a million dollars by next Friday. He read through them quickly, joined a few real estate investing websites, went to a local real estate investing club, then he called me.  Here is how the conversation went.

Johnny: “Hey Jared, how are you?   Here is my deal.  I have ZERO money, TERRIBLE credit, and I haven’t had a job in 6 months.”

Jared: “Okay, and you want to do what??”

Johnny: I am going to make a million bucks by next Friday.  Here is how.  I am going to have you write up offers on 50 REO properties in Fort Wayne.  I want you to offer 15 cents on the dollar.  I also want you to submit those offers every single day until they accept my offer or accept somebody else’s.  Oh, and once I get that $100,000 REO property under contract for $15,000, I am going to wholesale it to a cash buyer.  I plan to have 15 under contract and sold by next Friday.  ARE YOU WITH ME JARED????

Jared: (Trying not to chuckle out loud) “No Johnny, I am not with you.  Not one bit.  I know some very successful investors and they would all tell you the same things.  Keep your job, save your money, learn your market.  Success doesn’t come easy and it surely doesn’t happen overnight.”

Johnny: “Whatever dude.  I guess you don’t want to be successful do you?  Fine, I’ll go find a Realtor that wants to win!”  CLICK.

It’s been a few months since I talked to Johnny, but as of a few days ago he still hadn’t completed 1 deal. I work with a hanful of buy and hold investors that have found many great deals in Fort Wayne, but nothing for 15 cents on the dollar. I welcome the chance to work with investors, but only those that are realistic.

Thanks for reading!  I have to go use my Slender Shaper.  Have a good day!

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One comment

  1. I love the pics .. but yes its tough working with people that are looking for the next deal that will make them a million dollars

    Santa Maria Homes For Sale

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