Cold Feet - Posted by Marlon(OH)

Posted by Lee on January 31, 2000 at 19:47:07:

THAT is Exactly the way I learned to deal with sellers, both FSBO’s and people who are in foreclosure.

It was tough, for me to learn but I learned it. I got to the point where I concidered it “just practice”, walking up to a stranger’s door and talking to them.
But believe me, there is NO RISK!

Think of it as simply going over to a friends house and knocking on their door to talk to them… Thats All… Don’t expect anything. Though you may score. (A bonus)

While there, at there door, LISTEN! To yourself and to the seller, LEARN, take your time, no hurry, make a friend, be comfortable, you are helping the seller.

The more you “practice” the better you will get. Get out there and practice!

Remember, you are learning, No Presure and … No Biteing.

Good Luck! From all of us.


I wish someone had told me this twentyfive years ago.

Cold Feet - Posted by Marlon(OH)

Posted by Marlon(OH) on January 30, 2000 at 15:07:51:

I was wondering if any of you have ever gotten cold
feet when you first started. When I first started,
I tried doing flips. I almost had a couple of
deals in my first month of starting but never did
get a signed contract because of different things
that popped up at the last moment. One lady wanted
me to give her $1k down instead of the $100 I
originally offered. I sort of gave up and gave her
number to another investor who bought her house for
$10 down (he gave me $200). So, after that I kept calling FSBO’s
every now and then, but there was really no real
effort on my part.
I finally realized that what I needed more
education even though thats what is drilled into our heads everyday on this site. So, I broke down and bought a L/O course and reread everything here about
them. Now things really seem to be happening. In
fact, I might be getting my first deal sooner than
I thought. The seller has a house for rent in a
good neighborhood, the rent is below the average
for the area, and the house is in perfect
condition. All he wants to do now is meet with me
and look over the agreement. This is where my
fears kick in. I can’t seem to get up enough
nerves to meet with him. I don’t have any fear of
rejection…only acceptance. So, what can I do to
overcome this.

Thank in advance


Re: Cold Feet - Posted by pros77

Posted by pros77 on January 31, 2000 at 23:28:03:

Go fot it, normal to to have of the unknown.

If You Learn Something New,You Are Then Required To Make Mistakes In Order To Fully Understand What You Have Learned.Robert Kiyosaki (nt) - Posted by TC

Posted by TC on January 31, 2000 at 23:27:33:


Re: Cold Feet - Posted by Pat_OH

Posted by Pat_OH on January 31, 2000 at 14:13:23:

Where in Ohio are you? I’m in Columbus and perhaps we could meet to share notes.

In the immortal words of Wayne Gretzky… - Posted by Steve (FL)

Posted by Steve (FL) on January 31, 2000 at 12:08:13:

“You’ll always miss 100% of the shots you don’t take.”

Re: Cold Feet - Posted by Pam

Posted by Pam on January 31, 2000 at 24:32:02:

If you’re nervous, take someone with you. They don’t need to know RE but they need to know people. Find someone cool and calm. You can just introduce them as “This is Jay. He/she is here for my moral support” If you are alone you’re on the spot 100% of the time! That’s enough to make anyone nervous! Remember to smile! and, if the nnumbers don’t work out, tell the sellers you need more time. Set a time (tomorrow?) so you’re obligated to follow up.

Re: Cold Feet - Posted by Rob FL

Posted by Rob FL on January 30, 2000 at 23:41:51:

Quoted from the Magic of Thinking Big. “Action cures fear.” You can do it!

Is This a GREAT Group or What?.. - Posted by d.moren

Posted by d.moren on January 30, 2000 at 22:14:03:

Marlon, how can you not go and meet with that owner? You won’t be alone, you’ll have all these great people from this group pulling for you. That’s alot of positive energy on your side. You can’t miss if you give it you best shot! dm

Re: Cold Feet - Posted by Kim K–AZ

Posted by Kim K–AZ on January 30, 2000 at 19:11:37:

Here is a great thought from our local paper–
“Courage is doing what you’re afraid to do. There can be no courage unless you’re scared.”

Re: Cold Feet…try this - Posted by kf_az

Posted by kf_az on January 30, 2000 at 16:25:04:

You’ve gotten some good responses already to your post. But, another technique that might work for some is to just not care whether you get the deal or not. Get emotionally unatached. Simply look at it as a potential learning experience. If you get the deal…it’s gravy. Good luck.

Re: Cold Feet - Posted by phil fernandez

Posted by phil fernandez on January 30, 2000 at 15:55:17:

Hi Marlon,

You’re going to be dead for a long time and when that happens nobody will be concerned with your real estate investing so just do it.

And once you do do it like I know you can, the feeling will be out of this world.

Good luck.

Feel the fear and do it anyway - Posted by JohnG

Posted by JohnG on January 30, 2000 at 15:25:26:

Feel the fear and do it anyway, this is the same as confronting any fear in life. We all have it - we just have to learn to go on “in spite of” it. There really is no other way. Just do it.

Re: Cold Feet - Posted by cassie

Posted by cassie on January 30, 2000 at 15:23:03:

I’m far from an expert but will tell you that I can truely understand and relate with you. I have had 2 possible deals pending and when it came close to getting the contract signed I got frightened too. I can only offer this word of encouragement and say “go get him”. You won’t know what you can do until you do it. It will work out for the best either way… Good luck to you!!!
Hope this helped

Re: Is This a GREAT Group or What?.. - Posted by Rob Madsen

Posted by Rob Madsen on January 31, 2000 at 24:11:49:

What happens if you can’t rent the house out after you acuire it?? Thanks