Let's help out a fellow DG family member

Students-

This weekend, Dean received a question from John Reinhardt on his Facebook account that he thought would be best answered by the DG family. As you guys all know, Dean wants to help every one of our students and ensure that they succeed and have the tools, knowledge and capabilities to take real estate to the highest level they want. So, let's give him some feedback on how to overcome the issue in his question below.

"I signed up for your program back in April 09. Now, you said you don't need a license to start the business. But in fact everywhere i turn; you need one. I'm trying to start this business but no one will "buy" because I have no credibility. How can i change this?" - John Reinhardt

John,

Joe Jurek's picture

Congratulations for taking action and getting Dean's books. Dean's books are packed with a tremendous amount of information, inspiration, tips and techniques. With Real Estate Investing you are always going to run into the "Naysayers" that claim something can't be done rather than how it can be done. Don't let anyone every steal your dreams! Especially those that may not really know the subject at hand. Most of these naysayers have no idea what you may be able to do. People often wanted to give us advice, but we found out they did not really know all the facts or were anymore of an expert in real estate than we were. My wife and I am ran into all kinds of naysayers from friends, family to real estate agents, etc. We did not let that discourage us. Dean always says if you know your "why" nothing or no one can stop you. It is so true! With Dean's books, programs and the DG website, these are all powerful tools to get you where you want to be.

With Real Estate investing you do not need a real estate license to succeed. I have met countless people on the DG website and in my local area that have made money with no money and with bad credit. These people did not have their real estate license nor do they today. You want to find your niche and based on your local area, work the niche to the best you can. Your niche could include sandwich lease options, taking in equity partners, finding 100% financed REOs, short sales or doing assignments. The choice is up to you based on the potential deal. If you have a great deal locked up, people will be more than eager to work with you!

John, if you have specific questions feel free to join the DG community and jump into the forums, leave a question here or on my daily journal. The DG website family or community is here for you and filled with information and inspiration to help you get to the next level. The better the real estate deals you lock up under contract the more options you will have available. We did it and you can do it! Their are also countless other members on the DG website that have done it as well. Other DG members please jump in and let's tell John your stories of success and how you overcame those "naysayers" too! Believe and Achieve! Smiling - Joe

Hello John Reinhardt,

Stacey Jurek's picture

I want you to know that you do not need a real estate license to be successful in this business. PERIOD! Today, there are so many ways you can be making money in real estate. If you read, absorb and truly understand the concepts and principles in Dean's books these are real world techniques that are working in today's market.

We encountered the "naysayers" when we first started out too. So many of our family and friends either did not want us to get hurt over "pipe dreams" or even see us have some success if they were not going anywhere in their current job or career. Sometimes I felt like we had a handful of balloons and everyone would pull out a large pin...then "POP" as they tried to pop a "dream balloon" one by one.

We soon learned to stick to it and do the right things and good things began to happen. When you are around like minded people, such as the DG website family or real estate investment clubs in your local area, it can make you think at a higher level or even a more creative level. It is exciting to share information and help others succeed. Anything is possible as long as you tell yourself each day that it is! Carpe Diem! (Seize the Day!) :0) - Stacey

A Diamond In The Rough

My name is Raul Suarez,and I first came into contact with Dean through a late night infomercial in early 2009.

At first I thought: Just another self procaimed RE expert (I have several courses from various ones on my shelves)who knows the ins and outs of RE better than anyone else,but who in reality is just another "used car salesman" making money from publishing that pitch.

But in listening enough,I began to Read Dean as quite different and a really down to earth no nonsense regular street folk kind of person. I can relate to frank straight talk whic reflects a balance view of reality in RE and othewise.

Anyway,The Diamond In The Rough is an old aparment complex I saw some weeks ago while driving by.

I found self thinking: A party could take that run down vacant property,and do something positive with it to benefit for example, those in our community who can be classified as disadvantaged. Perhaps through a partnership with government and or others,and still make a bit of profit. Or (you fill in the blank)as to ideas about this property.

As for me,I'm thinking that since I'v never bought any RE property this is probably not an ideal piece for me to start with. At least not without plenty of guidance from knowledgable would be good do-ors. Any ideas? Feel free also to write me.

I have to ask, did you

B.C.'s picture

I have to ask, did you actually read the book?
To start out with no money,credit or license. In short, you need to build a buyers list of investors, find out what kind of properties they are looking for ,find those properties, get them under contract and assign them to your end buyers for a fee. no money, no credit no business, NO PROBLEM.
good luck. read through the posts here and all your questions will be answered.
If you put the work in you will succeed.
Richie.

How About This

Jan Malek's picture

You have to read, to succeed. That is it in a nut shell. How much of the book have you gone through and how many times have you gone on our web site to read posts and ask questions.I am all for helping but you have to help yourself first...Jan

Hello John....

Hello John,As you can see you asked the right question and have received countless answers to your question. I agree as others do, NO! you don't need a license to become or transact real estate deals. You will need one if you are looking to become an agent or a broker. If you haven't already log onto deangraziosi.com and become a member of the greatest web communities for REI's out there. We help one another to achieve our dreams and goals. Happy New Year John, and we all look forward to hearing more from you.

lbrown

licnese

greg murphy's picture

hey john i done over 25 deals and got 6 in the works and the only license i have is my driver license. don,t let nobody tell you you need licnese all you is determantion and a will to suceed and and the right people behind you by all means stay on this site for information and guidance we are all family here.

License

John; Hope you've got your license answer. Most likely the ones you encounter who say you need a license are real estate agents who are trying to discourage the competition. The only "License" I've applied for as an investor was with the State of Oklahoma. For my LLC (Limited Liability Company) It cost only $100 in the state of Oklahoma. I am happy to say I received it approved back a couple of days ago. I also at the same time had an "EMPLOYER IDENTIFICATION NUMBER" (EIN) issued to me from the IRS Department of Treasury. At no cost,only apply for it. As far as I know these may not be required. But I plan on running this as a business. Having this protects my personal assets by separate them. Also knowing you cannot open a separate business banking account until your application for an LLC is sent back to you approved. That's also the reason need the EIN, for business bank account. I can now say my company is: SCOTT HOUSING & RENTALS,LLC Also now everyone can go to my new FREE website thanks to Dean, at www.oklagreencountry.usapropertywholesale.com

Why would Real Estate Agents need a license?

Jmaldona's picture

Hi John,

so perhaps your question could be phrased as Why would Real Estate Agents need a license? if they need a license, would you as an investor need one?

One of the reasons a RE agent needs a license to sell houses, is because they do not have an invested interest in the property. You can not sell another persons property if you do not have a license.

As an investor, you do not need a license. Once you buy that property, you do have an invested interest in it. you own it, you can sell it without a RE license.

You have different Buying strategies you can use which are very well explained on Dean's books. Pick the one that is most suitable to your current circumstances and go for it.

Hope it helps

Be well,

Jose

My sincere thank you

I would like from the bottom of my heart to say thank you to everyone for welcoming me to the web site i'll also be looking forward to hear from you guys soon and again thank you for your support

That is what we are here for

Hi John, Welcome to the DG family and your new career in real estate. The good thing about this site is, you do not have to pay to ask questions or acquire information. We have done it before, so we know what we are speaking about. However, it is better that you ask your questions here and obtain the correct response than be caught in programs that will take you nowhere. I know you may be anxious to get started and make that first deal. It will come, take time to read and re-read Dean's books and acquire as much information from the program as possible.

Write down your short and long term goals with the expected time of accomplishing them. Visit and re-visit those goals to make sure you remain on track. Spend as much time as you could on this site, reading the accomplishments of others and asking questions for clarity. Align yourself with the positive group. Be humble, honest and courteous to those you may interact with everyday, since they might be the ones to assist you in your endeavors.

We look forward to hearing bids submitted and offers accepted soon. 2009 was fine, but 2010 is gain. All the best and God Bless.

Sandra

Just Started

My wife and I are new in the Real Estate Academy. We just started out journey and reading these responses are a great encouragement to us. Keep us posted and let's make our dreams come true!

License

John. Welcome. You will quickly find out that DG is the real deal. Follow the books and come to the site and ask questions. Persistence my man! Persistence.

Welcome!

Elena M's picture

John and 2Samuel12! We're glad to have you here in the DG family. I see by the responses that your question was answered. We hope to continue to give you the encouragement and answers you seek. That's what we're here for!
Let's Rock 2010!!!

Elena M

Where do I look for investers?

Hello, My name is Robert and Im trying to figure out how to buy a property rehab It and turn It Into houseing for distrest familys,Iv'e gotten cd's for goverment grant but how do you ask someone for 450,000,00 to just buy a property? then still needing more for rehabing the prop.?

I appreciate your support

Hi everyone,
I am also a newbee. I appreciate the support, questions, and comment you all have posted. I found hope, I purchase the latest two books trough one informercial of Dean's that made me think that i can really do this. The obstacle i faced is my credit, and mortgage. But my husband and i recently got a loan modification that is actually 4 months old and the second part of the mortgage as a charge off. Recently his job hours was reduced to part time and lost his second job. I tell you he is down. Right now he does not believe in this real estate ordeal. which means he is not supportive at all or doesnot appear to show interest. So im out to prove him and myself wrong. I am motivated. I actually contacted Robert group credit counseling for credit right before new year, about a week or two. I actually put a deposit, got my credit report mailed to them and is on the way. That's the first step. after my is resolved, i plan to enroll my husband because a charged off is good for you but bad on your credit. I think right now assignment option is best due to the level of flexibility I have. i have the real estate club list for my city. I am in New York by the way. Now I need help to set up the buyers list, phone line, and business card. to start, once i have that in place i can began my search. i started looking at the news paper. i noticed a lot of competition. I saw houses being sold already below the fml. I know there is room for me somewhere. Overall, I look up to you guys for support and guidance. I thank God for this new found family.
Thank you,
Elijah22

Happy New Year

This is the DG investors year. LET'S DO IT!!!!

License created an obstacle

Hi John,

I bought rental property 25 years ago, and had a license to sell real estate. Whenever I made an offer on property, I had to put in the following paragraph: "Buyer is a licensed real estate agent purchasing the property for investment purposes".
After reading this the seller never accepted my offer. I got rid of the license, and purchased 5 rental properties during the next 2 years.
I sold all these properties 15 years ago. This is my first day here. I'm just now learning about all the resources that are available beyond Dean's books. I am going to take full advantage of them.

The question is...

Carol Stinson's picture

I think the real question here is "how can you build credibility". This comes with time. Credibility is "worthy of belief or confidence".

The more that you network with people( Join social network groups like facebook, linkedin etc... and introduce yourself to Investors in the groups),

socialize with people (Local Investor Groups are a good place to start)

Continue to build your buyers list by contacting Investors through newspapers (I buy house adds) craigslist (call for rent adds they are usually Investors) The phone book has Investment companies listed.

Credibility is all in the relationships that you build but you have to hold on long enough to receive it my friend!

Knowledge also builds credibility. The more confidence you have in yourself the more people will have confidence in you. Knowledge if POWER!

DEAR JOHN....

Mighty1 Real Estate's picture

I ALWAYS THOUGHT IT WASN'T POSSIBLE BUT I WENT TO TALK TO MY REAL ESTATE AGENT AND HE ALWAYS TOLD ME I NEEDED TO HAVE GOOD CREDIT OR I WOULDN'T BE ABLE TO GET INTO A PROPERTY, SO I AM DOING ASSIGNMENTS NOW. IF YOU CAN'T FIND A WAY TRY ANOTHER WAY. BUT DON'T STOP TRYING YOU'LL GET THERE. FORWARD MOTION IS ALL IT TAKES!
--DON'T WORRY OR STRESS ABOUT THE THINGS YOU CAN'T CHANGE-- DEAN GRAZIOSI.

Realtors

Mary-Ellen Johnson's picture

Hi John,
I have found from my own experience as a new investor and some one who holds a real estate brokers license, that it is sometimes easier not to have a license than to have one. Many people have a very negative perception of realtors. Just remember one of Deans shared quotes, You miss 100% of the shots you never take. Read the book over and over and stay in touch with the positive people on this site who are walking their talk. Take care. Mary-Ellen

Mr. John R.

JW's picture

Que Pasa!

Oh John, John, John. Asking for intel from those who ain’t doing it. Now if you’ve been ask’N from those who make a living @ it in the “conventional” manor, well, . . ., it ain’t gonna work via these people either.
So where is the hope?
There ain’t none. You gotta make a plan & run with it.
Shake the negatives & get weird with the positives. It’s gotta happen this way first lest your mind gets clouded. Each day is a new fresh day. Go with it. Swimming against the flow is initially difficult. A locomotive initially moving is strenuous. A space shuttle launch eats ~80% of its’ fuel just to get going upward. So why do we people think it will be any easier. CLUE: The more money, the more different you gotta be. This is just a law of life. It’s gonna cost, be it your own attitude RE-adjustment or your forefathers having paid the price & you simply getting it all on a silver platter. The greater the resistance, the greater the strength that will be developed. Ask any body-builder. Ask any person of a quality character. John, it’s why men like to fight/ competition –the win taste good. Real men sweat via the resistance.
Make the plan & get running. Don’t look to the left & don’t look to the right. Just STAY FOCUSED on the plan. The have nots will try to steal what you build for yourself because they don’t want to put forth the effort. Just stay focused. Study, read, become familiar with your trade. Make your rules/laws, write em down & then do not allow others to interpret said laws for you. Don’t brag! Honestly, I would not tell family nor close friends one thing until they ask where all the cash is coming from. Then don’t tell em where, tell em why. And most definitely hang out with the DG clan. No –Not most definitely but WAY most definitely. I’m telling you John, the Negatives can eat you alive & leave you for dead. I know that I know that I know.

PLAN i.e.:
1. Hook into the DG clan; Get your mindset; Write out your plan.
2. Pick out 2 or 3 areas/developments that you know well & actually ride a bike or walk through said area(s).
3. Produce comps (comparables) for said area(s). In this way you can practice such as pick out a house & determine its’ worth/MV.
4. Don’t buy or sell anything, just go through the motions. The more people within the field of your trade (including sellers & buyers) that you talk with, the more comfortable you’ll become. Don’t tell them, just ask & listen. Even hook-up with an agent or 2 & clean their office(s) or wash the car or . . . with the intention of their letting you hang with em for some contract writings, escrow openings & closes, etc. Just tell em you are nervous about real estate & you would like to become somewhat comfortable before doing a RE transaction through them. (Don’t lie –NEVER lie.)
PLAN i.e.:
1. Lock up a property with an assignment contract or with option contract.
2. Via the buyer list that you have created, sell said contract for 5 – 10% of the net.
3. Repeat step 1 & 2 for two additional deals.
4. Catch your breath, rent a motel room out of state & away from it all for 1 week & write out a new plan.
PLAN i.e.:
1. Locate a willing buyer/investor.
2. Offer (via notarized contract) to work with em for several weeks. Any deals that you come up with, you get 20, 30, 40% or whatever.
3. Catch your breath, rent a motel room out of state & away from it all for 1 week & write out a new plan.

Etc.
John, I hope you get the idea. Do what it takes. Keep legal & ethical & you will have nothing to clean up behind you. Once you have your battle plan checked out via the DG clan, quit with the naysayers. Do you honestly believe the financially unsuccessful out there want you to be financially up on them? To have more options than them? To be higher up on the mountain where it is cleaner & brighter & the view is far clearer. John, to just get above the fog/cloud line will forever change your outlook.
As for a “business”. Create one for tax & for securing your money/investments/assets when you first go to that motel room. Just get a few deals under your belt now, no matter the cost, & then go for the gold. Right now, shoot for a bronze.
Gotta get go’N,
JW
Ps: If you are simply wanting to purchase a home for yourself, disregard the above.

John

i think it may depend on where you live. i live in mineesota and from what i can tell, if i were to SELL 5 properties (or more) per year, i would need a limited realtor license. all this does is give the Gov. a way to make money from your hard work. i haven't yet looked into this, but other than that, i do not believe you need a license to do any deals. good luck!

dgmod wrote:Students- This

dgmod wrote:
Students-

This weekend, Dean received a question from John Reinhardt on his Facebook account that he thought would be best answered by the DG family. As you guys all know, Dean wants to help every one of our students and ensure that they succeed and have the tools, knowledge and capabilities to take real estate to the highest level they want. So, let's give him some feedback on how to overcome the issue in his question below.

"I signed up for your program back in April 09. Now, you said you don't need a license to start the business. But in fact everywhere i turn; you need one. I'm trying to start this business but no one will "buy" because I have no credibility. How can i change this?" - John Reinhardt

About that License Issue

Don't spin your wheels............take a cue
from one of D.G. family.......Create a top notch
team. Basics: Investors/Buyers
Inpector or Solid Contractor
who knows code
Real Estate Attorney
Tax Attorney
Electrician
Plumber
Real Estate Agent

How to find the best? Check for Real Estate
Investing Associations. I am blessed to have
a state-wide one that is recognized throughout
New England.

Get on their email list - should be free to
anyone interested in REI. Check their website
for a directory of services/names.

Find a phone number for their office and go for
it.

Waow!!!

Alexrubio's picture

It's amaizing the support from all of you to help a fellow investor!!
I apploude you all and thank you very much for all the good information that has been given....
Good Day for everyone!!!

Alex Rubio from Houston

I agree with Stacey 100%

danielpowersuccessriches's picture

Chasing the Dream wrote:
I want you to know that you do not need a real estate license to be successful in this business. PERIOD! Today, there are so many ways you can be making money in real estate. If you read, absorb and truly understand the concepts and principles in Dean's books these are real world techniques that are working in today's market.

We encountered the "naysayers" when we first started out too. So many of our family and friends either did not want us to get hurt over "pipe dreams" or even see us have some success if they were not going anywhere in their current job or career. Sometimes I felt like we had a handful of balloons and everyone would pull out a large pin...then "POP" as they tried to pop a "dream balloon" one by one.

We soon learned to stick to it and do the right things and good things began to happen. When you are around like minded people, such as the DG website family or real estate investment clubs in your local area, it can make you think at a higher level or even a more creative level. It is exciting to share information and help others succeed. Anything is possible as long as you tell yourself each day that it is! Carpe Diem! (Seize the Day!) :0) - Stacey

Just believe in what is possible only for you. Do your best to up your awareness level each and every day. Dean has a lot of free content to offer just on his site alone. If you were one of the one to purchase and get in on Edge 2010 Home Study Course w SLF congratulations if not read his books, preferably Your Town Your Profits. If your not much of a reader I just purchased Dean's New Audio book Your Town Your Profits for $1 plus when you buy his audio you'll get some pretty cool stuff at the bottom of your audio download page. I am just wanting to be helpful because Dean is quite a God send and he is very passionate about his business. So there you go. Go get that audio book I think $1 will change your whole outlook on life. Here's the link: http://www.dgtext.com/ Hey good going on what you said Stacey. We just need to find out what works from Dean and his success students and up our awareness level. Here's some inspiration for thought. Just look at what Dean has to say here : https://www.bearealestatemillionairenow.com/successfest/getec/?freebook Just have a positive attitude and learn and ask questions even if they are dumb ones. I am so grateful for someone just like Dean to be our mentor. Remember he was once in our shoes before. All I can say is 3 things. Follow someone that has done it and know obstacles will come, you'll get through them as your education is increased and 2nd Have urgency and Just take Action and correct along the way. The thing is to focus on what you want more of and have the right attitude. I agree NO ONE NEEDS A LICENSE TO BECOME WEALTHY IN REAL ESTATE. It's just learning the right kind of strategies and following through. To Our DG Family Success! I am proud to be here. You'll make it John. I hope I was encouraging. Wake up every morning saying "Today is a great day, I feel like a million bucks."

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