All Forum Posts by: April L. Williams

@Rahim Bey: my advice is to join your local REIA (real estate investor association), if you have one in your area. I'm a wholesaler with TREIA (Triangle REIA) here in Wilmington, NC. Our REIA has chapters in most NC major cities. If your local REIA is anything like ours, you'll be able to network with wholesalers across the entire state (if you want). Our wholesales upload their properties to TREIA website, which is emailed out daily to all investors across NC. However, each REIA is unique and may do things a little different from another REIA. And, some are more local than state wide. Hope that helps....:)

@Gary L Wallman: I had good friend once say, "an opinion is like a butt hole, everybody's got one!" Some people on BP could really use some Tucks pads. It works wonders for an inflamed mouth...;) Thanks for your post.

@Jay Hinrichs  appreciate the honest, but approach could be better. I understand feeling "jaded". However, as a wholesaler myself that has only been in business for a little over a year, its responses like this that keep new "newbies" from asking questions. I hope your situation gets better and you can grow to appreciate the hard work "newbies" go through in the learning process. Have a great week!

Wale Lawal: I think it's going to cause a great deal of inflation, and significantly weaken the American dollar, a given, whenever money is printed. It just trickles from there and will affect many things. Some have mentioned COVID. That's another concern. Many COVID patients are returning to their doctors with complications that mimic fibromyalgia. It's thought that "some" who acquire a virus, of any form, sometimes have lingering symptoms of chronic fatigue, joint/muscle pain, etc....for years afterwards. I'm all too familiar with this, as I have a family member that suffered with similar symptoms after acquiring Swine Flu, who was once healthy as a horse. Long story short, doctor put them immune lowering drugs to treat their symptoms, one of which is currently being given to COVID patients. The drugs given to them made their condition a lot worse, and cost as much as $5,000/mth just for one drug, causing visits to the ER due to side effects. Keeping this in mind, it makes me wonder how many of these COVID patients are going to end up jobless due to the long-term effects of the initial virus, who were once healthy working adults. I think real estate is going to drastically change due to both scenarios and probably in ways we can't even imagine. With that said, I think being a smart/wise investor is the best route, and not so much about growing a business by drastic means. In other words, not putting all your eggs in one basket...:)

Alvin Sylvain: I think probably the best way to explain why some get tats, at least speaking for myself, is it's something I did solely for me (for reasons I won't go into), and not necessarily for someone to look at. Don't get me wrong, if someone wants to look at them, make a comment, etc....I don't mind. I actually have (2) face tattoos (eye liner & eyebrows) and another on my entire right calf. Self expression is a wonderful thing. Just like you like to express yourself with bare skin, I like to express myself with tats. I dress in business suits, rubbing elbows with the best of them, talking all educated, but I also like to ride motorcycles, dress in my leather, with wind in my hair. Somedays I listen to 90's big hair bands, and other days I'm an 80's gal. I have many sides. I think when an individual can integrate all aspects of themselves (business, home, church, etc) into one, they come out to be an individual very comfortable with themselves, confident, and intriguing. So, I guess my take-away on this is that not everybody gets tats to have someone look at them, but sometimes it may just be the other way around. It truly is a form of self-expression, and not so much a craze. As a matter of fact, the Scythians in the bible times covered themselves in tats, including their women, something they did to appear "scary and vicious" because both men/women fought in battle on horseback and used scare tactics like this to keep them from even having to go to war. When their enemies would see them coming, most would retreat out of fear of what they looked like. Not only did they tat themselves from head-to-toe, but they also adorned their horses in elaborate metal plates, basically "chroming them out" like a biker does with a new Harley...lol. When the horses would gallop, the plates would shine and clash together, making loud noise, another scare tactic for enemies coming at them. So, you see, tats for them was a means of survival. Another interesting thing to throw in here is that I used to have a good friend of mine, she was a tat artist, that would do cover-up tats for women that had been physically assaulted in domestic violence, so they would never have to look at the scar their abuser put on them OR to reconstruct their face from being attacked. Just food for thought....;)

I'm conflicted on this topic as well. I know the 70% Rule takes into consideration the closing/holding costs for end-buyers. However, if you are in a state that requires an attorney, is it typically the wholesalers responsibility to acquire the attorney to do the title search, closing, and/or both?  And, if so, does the 70% Rule account for the attorney fees a wholesaler has to pay out to their attorney to do the title search, closing, and/or both?? 

Chris K.: thanks Chris! Yes, I'm figuring out what a "pain" is truly is...lol.  The attorney I have comes highly recommended, and I'm sure he's well worth his weight in gold. I do have another question you might be able to answer for me. Do you know if there's a difference in an "inheritied" property vs. "estate" property?? I've noticed that wholesalers use this terminology, possibly interchangably, in the wording of their advertisements with acquiring motivated sellers. Are the above two terms different, or mean the same thing??

Chris Purcell: from what I understand, you have to use an attorney here in NC ....vs...title company, which I have an attorney....but he's pricey. Kinda of why I was trying to do some of my own leg work. I think my biggest issue right now is just learning the in's/out's of the wholesale process cause I've spent so much time asking others how they do things and keep getting different answers/opinions. It can get frustrating, but I know I just have to jump in there and do things....learning lessons as I go. I probably went around my elbow to get to my thumb with this deal, but definitely learned valuable lesson with it. Thank you for your response. 

STEVE MORRIS: as stated, I'm new to all this, not trying to be unrealistic with situation, think you're misunderstanding my agenda. But, thanks anyway for your input.

DARIUS OGLOZA: ty for that explanation, that's what I was looking for, you explained it well. I have given probate file # to seller to have him gain copies of the court docs, as this I think will answer my question(s). I have not taken this to a title company, as really don't see the point until I get my hands on those docs. Maybe I'm not understanding the process here, just not sure if title companies deal with this type stuff (to this extent) or if this is something I need to do on my part, thus my reasoning for not getting title company involved. Plus, I'm sure they would not do that service for free, so trying to get my ducks in row before going that route.

@Darius Ogloza: the estate has been settled/closed. But, seller says he has power of attorney over his brother. So, not to sound ignorant, but how do you go about finding out who the executor is?? I mean, the seller can tell me anything.