Today I got more information on the two possible lease option deals and talked to a few others I had called yesterday. I did not call any new leads today, instead I focused on following through with the ones I have.
The land development deals are no go. I have no idea how to bring a land development project to completion, and I don't need to get involved in something that is going to take me off my goal; replacing my income with real estate investments. Sure, there is money to be made with the land development deals, but I don't have the time right now to learn how, or to manage the projects.
I have two possible lease option deals from the calls yesterday. One in Tulsa looks so-so, the one in Tacoma looks pretty good. Both have said they will call me back. I am going to follow up with them on Friday.
Tomorrow I am going to call 20 more leads; 10 from Tulsa and 10 from Tacoma. When I get paid again I am going to place an ad in the paper and start sending out 33 letters per week to preforeclosures in each city.
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