All Forum Posts by: Adriane Allard

Originally posted by @Account Closed:

Originally posted by @John Nachtigall:

Originally posted by @Account Closed:

@Eric Michaels

College is a waste, unless the profession requires a license, e.g., lawyer, doctor, CPA, nurse, etc.

 A basic examination of data shows that is not true.   College simply pays.  

https://www.bls.gov/careeroutlook/2018/data-on-display/education-pays.htm

I have one of those professions that does not require certification (engineering) and 21 years into my career I am now an accredited investor able in invest legally in the syndications you apparently want to run.   So the question is, what would convince me to give 10s of thousands of dollars to a 19 year old college dropout with no experience, special skills or insight?   Hmmm....I must admit I am having a hard time coming up with an answer, I don't think there is anything you could say that would convince me to do that.  

If you don't want to go to college that is your choice.   But my advice, since you asked, if to a get a job with people who do know about what you want to learn.    For example, CrowdSteet facilitates the syndication of dozens of projects at a time.   They are hiring

https://www.crowdstreet.com/careers/

An entry level position like this Associate Real Estate Analyst is perfect.

https://careers.jobscore.com/careers/crowdstreet/jobs/associate-real-estate-analyst-ccJZCq6Gmr6y6iaKjNoogA?ref=rss&sid=68

Wait, never mind, it requires that "worthless" college degree you don't want. Never mind.

I know I am just a random anonymous voice on a chat forum, but I say this with 100% sincerity.   Allow for the possibility that at 19 years old you are not as smart as you think you are.   5 years ago when you were 14 you thought you had the world figured out, now think about how many things your 14 year old self thought were 100% true and turned out to be different.   At 24 do you think you will look back on 19 and laugh at your naivete?   I am not saying get a degree, formal educational settings are not for everyone.   I am saying that you need to learn from those with more experienced and knowledgeable than you.   If that is not college then it is a job.   A job with an organization where you can observe what it really takes.

I sincerely wish you good luck.   

^^^ this guy went to college before the internet. Colleges are currently only liberal indoctrination camps. You can learn anything you want today online/books. I'm an attorney, so I am talking from experience. Not even law school prepares you to practice law. Read the Millionaire Next Door. Don't let anyone tell you you need to go to college to be successful. Just educate yourself, work hard, and invest. 

Great point Alex!

Originally posted by @Joe Splitrock:

Originally posted by @Adriane Allard:

I don't always agree with the traditional education system of today. You can get a loan at 18 to memorize textbooks but you cannot get a loan to start a business...Most billionaires I know did not go to college. We never know the path chosen for us but I do know you need to think long and hard before making that decision and NO ONE on here or anywhere else can guide you. In terms of investing, I think you need to scale down your market and decide your business model. By doing so, you'll be able to make a plan that you can outline as you grow. You definitely need to have goals set on both a daily, monthly and yearly projective. That way your plan is always in front of you. Also get a mentor. That's an investment you can start now with little to no money. Don't look for the biggest name out there, find a seasoned investor on FB or here and tell them your vision and why you need help. Best Success!

 It isn't true that most billionaires didn't go to college. Most billionaires have a college degree (70%). Even of the ones who don't have a degree, most went to prestigious colleges and had top grades before dropping out. Two notable ones being Bill Gates and Mark Zuckerberg. But let's be clear, dropping out of community college is way different than genius programmers dropping out of Harvard. 

The most popular colleges for billionaires are Harvard and Stanford, both schools being very difficult to get into. Even getting accepted at these schools means you are exceptionally intelligent and destined for success.

Thanks Joe for your response. When I say they didn't go to college, I should have phased it as they did not get a degree. To be honest I don't care what college or university anyone is accepted too...That definitely does not equate success. I really don't think Jalen's question was related to whether or not a school is Ivy league, D1, county or community but rather differences of advice on three specific investor techniques.

Adriane

Originally posted by @Jalen Chanthaboury:

@Adriane Allard

Thank you so much for this reply. Will definitely take this into account.

Best wishes sir!

I don't always agree with the traditional education system of today. You can get a loan at 18 to memorize textbooks but you cannot get a loan to start a business...Most billionaires I know did not go to college. We never know the path chosen for us but I do know you need to think long and hard before making that decision and NO ONE on here or anywhere else can guide you. In terms of investing, I think you need to scale down your market and decide your business model. By doing so, you'll be able to make a plan that you can outline as you grow. You definitely need to have goals set on both a daily, monthly and yearly projective. That way your plan is always in front of you. Also get a mentor. That's an investment you can start now with little to no money. Don't look for the biggest name out there, find a seasoned investor on FB or here and tell them your vision and why you need help. Best Success!

This is a very good feature to have on BP. What if I remember the company name and not the personal name of someone I meant at a meetup. This is perfect opportunity to connect. Thanks for the information!!!

I work in the mortgage industry and having been thru a divorce, I completely understand not wanting to deal with the ex mediocre to a cordial level. A quitclaim deed removes the person from signing their name to any documents at the current time. Its a way not to involve the other party in tedious paperwork but their name remains on the original mortgage. Having said that-no other information should be needed from John's ex. At the same token, if the last documentation on the deed from Sept 1999 states the reconveyance was in John's name you should be good. But the question then remains-when title was pulled at that time was Jane actually removed? That's the issue if title insurance did not due their due diligence. You mentioned two deeds... In August 1999 did they do any recasting, refinancing or anything else as to why her name was "removed" otherwise Jane still holds title. I think the in-house title company is asking for this information which explains the processor asking and not title directly. That's not some bank worker, that's what they get paid to do. There are many people handling a loan and the processor reviews all the info and merges everything together. Sounds like a good processor too, most are so over worked they miss a lot and closing gets moved repeatedly.

Originally posted by @Jonathan Greene:

@John Thedford, you need to calm down and stop spewing your garbage in every forum. I am a former attorney, a licensed real estate agent in NJ. You quoted FL law. I am not in FL. I run an on-market real estate agent business and an off-market property acquisition business that discloses on all postcards that I have a real estate license. Wholesaling does not have to be done as a licensed agent. Sellers are permitted to sell their real estate however they please. Private sales are commonplace. You are targeting a percentage of wholesalers that do use bad tactics and illegal means to defraud homeowners, but there are many of us who know much more than you and practice our business in open and forthright ways to all parties involved.

You absolutely can send out emails about off-market properties. Do you think there is prohibition in the United States against privately marketing real estate? Sellers do not need a license to sell or post their home on Facebook. What about a friend of a seller who tries to help them by posting their FSBO listing? Whatever problems you have with wholesaling, you don't need to dump it into every forum like a psychopath who has been scorned by one deal too many. There are plenty of ethical wholesalers who aren't violating any laws by becoming a middle person for a sale.

What you are spazzing out about is private citizens acting as if they are real estate agents. As long as you clearly identify your role in the transaction, disclose the wholesale price and original price, and be very clear about how the transaction works off-market, you are not violating your requirements under state law for real estate. In some states, the regulations are different, but nothing can prevent ethical wholesaling.

You aren't paying attention in all of these forum blasts to who is talking, what their background is, and how they are responding. So do everyone a favor and stop. Enjoy your business however you want, but stop reverse trolling because you have an issue with wholesaling.

Thank you for stating legality of the argument. Not based on personal bias.

Originally posted by @John Thedford:

Funny you did NOT disagree with my post about what a scam is. And sending out emails ADVERTISING is just that and requires a license. I just turned in a FRAUD and SCAMMER for that. The state found my complaint to be legally sufficient. 

I didn't need to disagree with you because its implied. You are miserable and clearly have don't real work to do. Have a good Sunday and I will not reply to you any further, I have spent more then enough time.

@john Thedford… it's funny that some brokers think they are the "experts" in real estate. I wonder if you missed the day in RE class that states "for another" which means if you are not doing it for another but for yourself that is entirely legal, with the wording "for a fee". A fee to assign the contract. When entering in a contract with someone, you have equitable interest, that in turn gives you the right to resell or assign the real estate contract. If not, contractors would not be able to place liens on properties. In terms of advertising, if said information is listed in your email to a buyer, there is nothing wrong with that. No marketing should ever go online at all. I was an agent and I work in mortgages. I have done both sides of industry. You have a good day!!!!

Hi Cameron, I am not sure about the rental aspects of wholesaling this one. Usually you can sell to another landlord who is aware of the lease terms and will follow until expired. However, being that I am not an expert in that market, I don't feel comfortable giving you legal advice. Why don't you JV with an expert in that market. I think you can post the question on one of the FB forums. There are a lot of ppl who are not wholesaling on here giving incorrect information, find a mentor so you can gain accurate sound information. Best success