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Updated about 10 years ago on . Most recent reply

User Stats

17
Posts
6
Votes
Reggie C.
  • Real Estate Investor
  • Saint Louis, MO
6
Votes |
17
Posts

Answers

Reggie C.
  • Real Estate Investor
  • Saint Louis, MO
Posted
Trust is BIG in this business. I struggled whether I wanted to post this or not and even what forum should I choose. As a new investor, I reached out to a group that does deals in their sleep and gravitated to a person that is doing what I want to do literally. I got the number and would call and bounce questions and scenarios off of this person and would always get some meaningful insight, this was by far to me my de-facto mentor. I found a motivated seller of 10 properties in desired areas of town. Eight units have tenants on 1 year leases generating income. I meet her (seller) and do a drive by of all 10 last week. I call my mentor and share the details and I am told to setup another meeting with seller to show the properties to us, mentor will pick out some of that are appealing and we'll close a deal. Needless to say my mentor didn't show, call, or text. I went to all 10 and took pictures and lots of notes. I'll be working hard today finding a buyer. I was very disappointed but looked at it as a learning experience. Anybody out there ever experience this, what did you do?

Most Popular Reply

User Stats

13,381
Posts
19,414
Votes
Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,414
Votes |
13,381
Posts
Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied
Originally posted by @Reggie C.:

@Joe Villeneuve I did better than that, I found a buyer looking to close next week.

 Great work.  Now, is that buyer looking to buy more?  If yes, find out what his criteria is...and go fill his orders.

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