To hear the media tell it, along with the folks in the financial industry who have lost their proverbial behinds, we are headed not for the next GREAT DEPRESSION, but something much worse.
WAKE UP AND SMELL THE COFFEE
Jeff Beaupain
your ads here (468x60) - after 1st post.
Many of you may remember reading about FDR’s “new deal” in history books in Jr. High School. Many politicians today are spouting comments relating to government programs and bailouts as a sort of a modern day ”new deal” scenario. In those times FDR had to listen to the same rhetoric concerning government powers being to great and government infringing on a free market society. These are valid concerns and today hold many in fear and doubt. In my opinion we need to ride this wave and talk positive about our government and our country. There are ways to be positive and interject opinion. Heres an example. “America is an amazing place to live and always seems to rebound from some of the mindless acts that our leaders sometimes choose.”
Do any of you think that by spreading the woe is us atmosphere that it is actually helping anyone do anything at all. Fear is a lack of faith. Faith is a tricky word. It means unquestioning beleif per Webster. Lets make up a new word,this could be fun. We will call it Twaith. This is the same as faith but with a twist. The definitiion could be…the appearance of unquestioning beleif for the sake of reenforcing a positive outlook by all. So give America a cheer and back everyone who isnt our enemy and let all positive words come from your mouth for one week. My, that would be a sight,everyone saying only positive thoughts for one week…The world could change in a week. Imagine…….
The big difference between FDR’s new deal and our current bailout is that FDR had the majority support of a nation of people all acting on faith. He was re-elected by a landslide and instead of doing politics as usual and resting on his previous actions he came out with the “new deal II”. In my own way I like to think of that as his payback to the American people for not putting him through hell for the tough decisions he faced. The new deal II was based on releif and reform and put laborers to work to help regain the days of prosperity.
Who knows maybe the new President will think of this after the bailout starts to take hold and show signs of working. Wouldnt it be great if we actually finished a job that was already working. I mean instead of saying “wow” our bailout plan and financial restructure is is real taking hold lets focus on other things now. Take it all the way and completely execute a new plan that enhances the first one until the race is over. I sometimes think the Presidential term is to short,by the time you move all your staff in and actually start to make some progress your campaigning again.
Your Comments Welcome
Dan L. Gootee
DLG Investments
Putting buyers and sellers together at last
Lets try to figure out together slowly and with a clear understanding why real estate will always be the safest bet. In order to better do this we should start with some definitions to make sure we are all on the same page.
Inflation - The rise in price of goods and services, or Consumer Price Index (CPI), when too much money chases too few goods on the market. …
Commodities-A commodity is anything for which there is demand, but which is supplied without qualitative differentiation across a given market.
Despite the current economic slowdown, the housing sector still contributed nearly $2.1 trillion to the national economy in 2007, accounting for 15 percent of overall economic activity.
Real estate is tangible and it’s cheap. Nothing is risk free, but buying properties at deep discounts from a year or two ago at least limits your downside. It was the collapse of real estate prices in the early 90’s, after the Savings and Loan debacle, that kicked off a new period of economic growth. One man’s tragedy is indeed another man’s opportunity. When panic drives prices down to previously unimaginable levels, there’s money to be made. At some point, people with oodles of dollars stuffed under their mattresses at the moment are going to want to put it back to work. The smart ones will put it where there is the most upside potential. I’ve got to believe real estate is the easiest choice. Not mortgage backed securities, not real estate investment trusts, but the actual hard asset.
However, if you’re a money manager or ridiculously wealthy individual trying to preserve that wealth, where do you put it? In the dollar? With the Fed dropping truckloads of cash on the world markets to try to resolve the financial crisis, inflation is a big threat. In the stock market? How do you value a stock when you have no idea what their future earnings might be? What interest rates might be? What the government is going to do next? In commodities? Maybe a bit, but with the whole world slowing down economically, demand is dropping, still not a safe bet.
I would like to finish this thought from a laymen like myself in my own joe lunchbox street saavy thoughts. I surmise that real estate is an item that cannot be duplicated and will be around forever being used by every living person drawing breath. If that sales entity comes in second place to anything please tell me what is number 1……..
Dan L. Gootee
DLG Investments
Las Vegas, Nevada
DLG INVESTMENTS
The solution to spending all of our time sending out mass amounts of emails and info to buyers mandates was to create membership levels and offer short summaries that can be copied on each property. This has been such an amazing change that we kick ourselves for not thinking of it earlier.
1. 4 membership levels - 2-free and 2-pay
2. Remove all summaries and downlodable material from the site and replace it with short summaries that can be copied.
3. Make every member of the website a basic member and then have our representatives contact them to invite them back,explain all the changes and represent them if they choose an executive membership or above.
4. Have a pay site where sellers of private offerings will now allow us to market because the pay idea weeds out the wanna be intermediaries.
5. Have our representatives establish some guidelines with the members they represent.
a. Any buyer mandate that requires more information then the short summary allows must put their buyer on the phone with our rep before any additional info is sent out. This establishes trust between the rep and the mandate…the mandate sees that the rep is not giving any info to their buyer(like website or company name,email or phone number info.)The rep is merely having a 3 minute phone call with the mandates buyer and explains that now taht the rep has spoken to an actual buyer the floodgates of information are open and even accesability to the seller for a phone conference.The rep gains trust in the mandate by seeing that they have in fact shared the short summary with a buyer who is showing interest in that particular project instead of just requesting info to shop the product to a dozen or so investors.
6. Have the representatives of DLG choose who they represent to the site and make this a serious interview between the rep and the potential Executive member. Have the rep explain how he or she will serve the member and have the rep explain a few of the things that they require.
Commercial and residential investors deserve the best we have to offer.
Stay Tuned for more DLG info…….
DLG Investments www.dlginvest.com
The website has changed and will be having minor front page changes in the next few weeks. The concept will remain the same and that is the topic of discussion. Commercial and residential real estate offerings seem to be everywhere. We have designed our website and company to stand out and be different than all the others. The basic concept is direct seller contact.
Direct seller Contact
We have found that often times the people in between the buyer and the seller can get in the way of a transaction happening at all. We have adopted a “get the buyer on the phone with the seller immediatley” mindset. DLG prides itself in being able to present a seller within 24-48 hours upon request of a qualified buyer. The term qualified buyer also became a stumbling block as we began to grow. Many buyers and sellers reps in trying to protect their client or their fee want to get all the information on a particular project before even finding a buyer who is interested with the initial offering.
Lets examine that problem and let us show you how we have changed and why its better for you as a buyers mandate.We have nearly 200 properties at any given time that we market for a mixed bag of seller types. Some big ,some small, some private, some open ,some who negotiate and some who need to negotiate. We were altruistic in our beleifs that we could post properties and give summaries and work with buyers mandates and everything would go fine. Here is the problem. With 5000 to 7000 members looking through the website at any given time we got lost in the confusion of trying to please everyone all at once. If you used to come to our site and you found a product you wanted to show your investors ,you would call or email and request all the relevant information. We would happily send it to you and answer any questions you might have concerning the property.It made sense, you wanted to present your potential buyer all the things he or she would want to see in a package to make a clear decision on whether or not to proceed.The problem is if we are emailing and answering calls and sending info on 20 properties to 100 mandates who want to shop the properties and may or may not have a buyer we are actually to busy doing that to work deals with actual buyers interested in any properties we market.
What was our solution? Stay tuned for DLG WEBSITE INSTRUCTIONS AND CONCEPTS II
In this world of ever changing real estate needs we find ourselves in an REO utopic society.
The problem is all of the hype that exists is costing the real sellers and the real buyers thousands of wasted hours.
Here are some key words that a I like to call Indicators.These indicators normally lead to nothing but wasted energy. They are never real. One seller,one buyer and 1500 brokers…..have ya been there…..??????
ncnd…conference call….fee agreement….proofed up…take down the whole package……mandate…..1b..1t…broker chain.. etc..etc..etc
Please share your thoughts as this is one of the most time consuming issues of our business.
