All Forum Posts by: Anthony Davis

@Dale Stevens Touche' reminds me of the car business and the loss leader.. well the AGs cracked down on them and they must Have ONE car at that price...

I really never understood what was taught about wholesaling among those that do it and what is recommended by those here on BP... however I just don't think you can have a long term stable business built on deceit and fraud. IE your sales tactics

1. say your a cash buyer when your not

2. say you can close in 3 days when you cant

3. Say your partner has to approve when you really don't have a partner you just have a list of people who you probably have no clue as to who they are or their abilities.

4. Long Due Diligence clause with the only intent to tie up the property while you try to find this buyer.

5. NOw this ghost ad crap... that one is really bad... put an add in when you really have nothing to sell and basically lie to people to get them to respond.

any way just not my cup of tea.... and how anyone can think this is ethical business practice I think needs to do a double check.. how would you like it if someone is doing this to your mother !

It is evident in this post that you are just not understanding the language of when to post a property to use certain language legally. It sounds as though you are speaking from a buyer's perspective and not someone who have needed to sell your contract interest using a 'no-money' strategy. I have read many of your posts in other forums; and I can see that you are very experienced. The post that I liked best in this forum is when you offered to give a perspective to specific details if the individual starting this forum.

In addition, there are wholesalers in the early learning stage who may not have the best intentions when conducting real estate transactions; however, that is not to say that all wholesalers do not know what they are doing.

When college graduates are hired by big companies to oversee a large segment of an organization, do they know more about overseeing that segment than the current managers who have been overseeing the segment for years? It is likely that they will have a learning curb (which could bring about new laws to govern certain actions.)

Anthony Davis, Real Estate Investor

0 Votes

Originally posted by @Jay Hinrichs:

@Anthony Davis that's incredible people putting up false ads to attract buyers..

there is a reason RE business is regulated that type of behavior in a RE broker would be totally illegal... you guys may be proud of it.. but I think its just put wholesaling in the lowest light of wanna bee's and any thing goes with no regard to who's time your wasting or any ethics you may or may not have..

now this is not derogatory its how I see it you can take it any way you want. If someone put up a false add it would absolutely be the last time I talked with them and I would tell everyone I know not to bother with that ya hoo :) incredible.. no wonder states are cracking down on these activities.

Life is full of experiences that people in general do not like. Business gets bad in my opinion when people initiate the actions of others from a negative stance. If you had a bad experience, that is your experience. It is VERY OBVIOUS that you did not start your real estate investing career when you had NO MONEY TO SPEAK OF. You certainly do not speak from a poor person's perspective. Your tone comes from above to look down on people who are starting with very little means to propel themselves out of an undesirable state. Wholesalers are not bound by the brokers' laws that you were/are if the wholesaler is not a broker.

When I am not familiar with a strategy, I read, look, and listen to learn. You are speaking as though your own experiences are THE ONLY EXPERIENCES that work. Have you heard of the successful investor *************? Ron LeGrande? Cody Sperber? The GURUS that you speak of who are legitimate and have changed my life, because of their messages and passion to help others? Did you ever have a real estate investing mentor that you were thankful to have come into your life? Where in the world is your compassion?

2 Votes

Originally posted by @Brandon Connell:

I have a property in Illinois under contract with some good meat on the bones, and only a couple of cash buyers (or so they say). So far, they are dodgy. I read that the hardest part of wholesaling is getting the contracts, but I have the exact opposite problem. How can I get serious cash buyers when I have absolutely no budget for postcards?

Brandon, keep persisting. @Rocky V gave a great recommendation. It is also, my recommendation. Stay sure of yourself; and move forward with confidence.

Anthony Davis

1 Vote

Originally posted by @Jay Hinrichs:

@Jacqueline Carrington Next post we will see on BP is wholesaler is crazy thinks property has 50k equity when in fact it has zero :)

Jay your language seems a little derogatory.

1 Vote

Originally posted by @Jay Hinrichs:

@Jacqueline Carrington while I hear what your saying if someone did that to me it would be the last time LOL.

plus I never look at craigslist anyway :)

Many people put ghost ads on Craigslist on this side of the country. It's common practice.

1 Vote

Originally posted by @Luke Henson:

I'm currently seeking a referral to a quality accountant that can accommodate the following needs:

1) tax prep which includes my personal return and ecommerce business on eBay.

2) advice/guidance on how to prepare for buying my first rental property in 2016 as it relates to my taxes for my business.

Any quality referrals are greatly appreciated as I am new to the Charlotte area :)

Hello Luke. See if the folks at the firm below can help you in some way.

Website

0 Votes

Originally posted by @Patty Cox:

Hi group. My husband Randy and I are just finishing up with a real estate academy. We are interested in buying, rehabing and selling distressed houses. We are also interested in wholesaling.

Welcome To BP Patty!

0 Votes

Originally posted by @Josh Miller:

Hi there BP folks. I'm Josh and my wife and I just moved to the Rappahannock River area, specifically Saluda, VA this summer. We've been married three years now and are getting to that "start a family" point. I have zero experience in real estate but I'm very motivated to break the paycheck to paycheck mold and build a better life for my family. After much searching online I'm realizing how isolated we are and quite a distance from major cities. I was looking for a local real estate group and the nearest one is an hour plus from our house. Tricky part is I also work nights, I'm a chef, which is when the meetings are held. I guess my question is what advise would the community give for someone looking to find a mentor while living in a very rural area. I could ask the cornfields and cows if they have any REI experience but somehow I don't think I'll get many answers. Either way I'm just looking to learn and work hard at this. Thanks everyone and look forward to talking with you.

Hi Josh. Check online to see if the closest real estate group has an online membership group, then join it if possible. Look under 'network' on this platform for larger cities near your home. You may find re investors near by your town. Communicate often. Increase your real estate education by navigating this platform. Search key words & phrases online to study concerning real estate. Note: Real estate investing has many angles. Choose an investing strategy, then learn the steps that you need to know to accomplish it. This will help you stay outside of the analysis paralysis zone. You will never know everything there is to know about investing, because things are constantly changing. If you have a Facebook account, try looking for real estate groups on there to join. Cody Sperber is an individual that you should research to see if his automation process & mentorship fits your personal goals for real estate investing. If money is a variable with starting real estate investing, Find methods to invest that minimizes your costs. Above all, use the grocery store analogy; and 'take in' the information that you find useful_learn it; and let other information 'stay' where you found it_forget it. Congrats on getting started! Keep Taking Action Each Day.

Anthony

0 Votes

Originally posted by @Josh H.:

Glad to have found this site. I am a private hard money lender (direct - not a broker) and look to lend $50,000-$300,000 on single family fix and flip deals, distressed property acquisitions, REO acquisitions, bridge loans and small commercial turn around properties. Look forward to connect!

Welcome Josh!

0 Votes

Originally posted by @Daniel I.:

@Marvin McTaw Wow, man. Thanks so much for such a detailed, step-by-step guide. I can't thank you enough! This is super helpful.

@Anthony Davis I really appreciate you going into detail on this. A lot of people just skim over the process, so it's really helpful to have it all laid out!

I just read a comment in reference to my post. The reason I always suggest a closing real estate attorney's office over a title company is because the office should be aware of the law concerning real estate. The attorney's will keep you within the law. As a very active investor, you want to keep acquiring properties if your goal is to become wealthy, not rich.

Always remember to take posts as advice, or a suggestion. Always perform your due diligence for your investing strategies. Remember, you are not communicating with the

mortgage company, or the federal government, your closing attorney's office will be. The office will know if your process is within the law,band will offer suggestions. Let them do their job. Your job is to 1) Stategize 2) Negotiate 3) Acquire 4) Contract 5) Close 6) Repeat

Opinions are just opinions. You always want to look at specific information to boost you forward, instead of tons of different opinions to create analysis paralysis.

Well Said.

Anthony Davis, Active Real Estate Investor

0 Votes

All Forum Posts by: Anthony Davis

Anthony Davis has started 0 posts and replied 117 times.

Post: Cash buyers are not serious

Post: Cash buyers are not serious

Post: Cash buyers are not serious

Post: Cash buyers are not serious

Post: Cash buyers are not serious

Post: Seeking accountant in Charlotte NC area

Post: Real Estate Investor from Central Florida

Post: Motivated Newbie in a rural area

Post: New Member - Boca Raton, FL

Post: Wholesaling a Pre-Foreclosure